CIO Innovation Awards: 2 Weeks To Nominate

Photo by Margarita Corporan

For 10 years, CIO has honored the accomplishments of you, the chief investment officers, with our Industry Innovation Awards.

On Thursday, December 12, at the New York Public Library, CIO will once again bring together institutional investors and those who provide for them.

It’s time to nominate deserving asset owners and asset managers/servicers for this year’s awards.

Since we started these awards in 2010, “innovation” has perhaps become an overused buzzword. While others may confuse innovation with change, we do not: Our goal is to highlight the truly innovative approaches to asset management and asset owning, separating the merely different from the meaningful.

When nominating, ask yourselves, who has done something that is truly different, that may have changed the way we think about this business?

To nominate, please follow the survey directions here.

What You’ll Need:

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To make a nomination, you’ll be asked whether you’re nominating an asset owner or asset manager, the name and title of the person or entity you’re nominating, their location, email address and to choose which category they fall into.
The asset owner CIO categories fall into plan size and type, as well as special categories for ESG and Collaboration. Asset manager categories fall into a full array of topics of expertise. You can make more than one nomination, and you’ll do this by indicating if you’re done or ready to nominate another. Please feel free to make as many nominations as you’d like.

THE DEADLINE TO SUBMIT YOUR NOMINATIONS IS AUGUST 3.

To verify nominees, CIO editorial team will consult an advisory board of former and current chief investment officers, consultants and allocators including Chris Ailman of CalSTRS; Raphael Arndt of Australia’s Future Fund; Paul Ballard of Texas Treasury Safekeeping Trust Co.; Harshal Chaudhari of IBM; Dan Chu of Sierra Club; Matt Clark of South Dakota Investment Council; Anne Dinneen of Hamilton College; Jonathan Grabel of LACERA; Rosalind Hewsenian of Helmsley Charitable Trust; David Holmgren of Hartford HealthCare; Robert Hunkeler of International Paper; Kim Lew of Carnegie Corp.; Allan Martin of NEPC; Sam Masoudi of Wyoming Retirement System; Jacque Millard of Intermountain Healthcare; Chad Myhre, Portfolio Manager of Hedge Funds and Domestic Equities, Public School and Education Employee Retirement System of Missouri (NextGeneration winner of 2018); Mansco Perry of Minnesota State Board of Investment; Susan Ridlen of Eli Lilly; Anthony Waskiewicz of Mercy Health, St. Louis.

Hartford HealthCare CIO David Holmgren will chair the board.

Click here to view CIO’s 2018 Industry Innovation Award winners.

Tags: CIO, Endowments, Foundations, Innovation Awards, Pension

The C$191.1 billion ($146.7 billion) Ontario Teachers’ Pension Plan (OTPP) has released its inaugural climate change report, which outlines its practices for assessing and managing climate-related risks and investments.

“There are risks to traditional economic and business models associated with the transition to a low-carbon economy, the chronic and acute risks of a warming climate, and the interaction between these forces,” Barbara Zvan, OTPP’s chief risk and strategy officer, said in a release. “Actively managing the related opportunities and risks is central to the plan’s investment strategy and will be a critical factor to our future success.”

The report details the fund’s approach to climate change, which includes investing in climate-related opportunities; integrating climate factors into its investment decisions; engaging with companies to encourage climate-positive action; and using its influence with policymakers and regulators to promote stable long-term policies.

“Managing climate change in a highly interconnected global economy involves many underlying uncertainties,” said the report, adding that “climate change impacts are considered alongside myriad other risks in the decisions we make and actions we take as an organization.”

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The fund recently launched its Low Carbon Economy (LCE) Transition Framework, which is intended to help understand the potential impacts of climate change and make more informed decisions on investments.

The framework is centered on three scenarios that describe what the future could look like in 2030: an orderly transition to a low-carbon economy; a high-carbon world where fossil fuels dominate; and a middle scenario that extrapolates from current climate policies and actions.

“We have processes in place that consider material climate change impacts in our investments,” said the report. “We integrate climate change considerations across the investment cycle, from the opportunities we look for, to the assessment and decision-making processes before acquiring an asset, to how we manage an asset once we own it.”

The fund said in its report that it is developing its own system to quantitatively assess a company’s environmental, social, and governance (ESG) practices. It said it is doing this through a combination of assessing existing practices across a range of companies, consultation with third-party industry associations, and accessing and analyzing appropriate data sets.

“We also look to the GRESB real asset sustainability assessments to support our evaluation of sustainability performance for our real estate and infrastructure investments,” said the fund in its report. “We are evaluating data and working with peers, industry and service providers to develop metrics that can be applied to portfolios that are diversified across geographies and asset classes.”

The OTPP said the report is part of an ongoing process in which it has been honing its approach to climate change.

“We will continue to refine this process as understanding of the interconnectedness of physical and transition risks associated with climate change improve, and robust data and tools emerge.”

Investors Launch Climate Endowment to Invest in ‘Green Revolution’

Tags: Canada, Climate Change, ESG, Ontario Teachers' Pension Plan, Pension