Share Event

Green Bond Investment Outlook

February 2, 2017

Green Bond Investment Outlook

February 2, 2017

Agenda

5:00PM Welcoming Remarks
Daniel Dagen, CFA, Chief Executive Officer, CFANY

5:02PM Keynote Address
Mike Eckhart, Managing Director, Global Head of Environmental Finance and Sustainability, Citigroup

5:30PM Green Bond Asset Manager Panel

Moderator
Henry Shilling, Senior Vice President, Moody’s Investors Service

Panelists
Eric Glass, CFA, Portfolio Manager, AllianceBernstein
Stephan Bonte, CFA, Director of Sustainable Investing, Standish
Timothy J. Coffin, Senior Vice President, Breckinridge
Ann Marie Griffith, Managing Director US Fixed Income, APG Asset Management

6:30PM Green Bond Asset Allocator Panel

Moderator
Manuel Lewin, Head of Responsible Investment, Zurich Insurance Company

Panelists
Bryon Willy, Principal, Mercer Investment Consulting
Andrew Russell, Director of Fixed Income Investments, Pension Boards- UCC
Stephen Freedman, PhD, CFA, Executive Director, Head of Thematic and Sustainable Investing Strategy, UBS Wealth Management Americas

7:30PM Closing Remarks & Networking
Deepika Sharma, CFA, Board of Directors, CFANY

Description:

Green bonds continue to set new volume records this year. About $26 billion in green bonds came to market in the third quarter alone, bringing the year-to-date global total to $63 billion. It is now expected that 2016 will be the best year on record, with volume likely to exceed $80 billion. With China’s increasing commitments to the green bond market, issuance could even reach $100 billion in 2016. While the growth rate has been impressive, absolute green bonds volume still represents only a small fraction, less than 1% by some estimates, of the total worldwide fixed income market.

Green bonds have served as an important catalyst to focus attention on climate change and the collective actions that must be taken to reduce greenhouse gas emissions. At the same time, the green bond market will have to achieve geometric growth if this segment of the bond market is to play a significant role in mobilizing capital toward environmental solutions. To achieve the Paris Climate agreement goal of limiting greenhouse gas emissions by holding the increase in the global average temperature to well below 2° Celsius above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5° Celsius above pre-industrial levels, an unprecedented allocation of capital will be required to green the global economy. Estimates for the amount of climate finance needed for this transition vary widely, but generally range from around $34-$114 trillion over the next 12 years. This, by necessity, will involve mobilizing public funds and also re-channeling a substantial flow of private capital towards sustainability projects.

Green bonds are expected to play an important role in such mobilization initiatives The event is intended to focus on current green market dynamics, such as why we don’t see even higher levels green bond issuance, but importantly, it will address the factors that could further stimulate the future growth and development of green bonds in the US and overseas.

What You Will Learn:
The evolution of, in addition to the outlook for, the green bond market
Understanding and managing green bond risks
Green bond opportunities in the corporate bond market
The potential for green project bonds financing green infrastructure
The rise of green bond funds

DISCLAIMER OF ENDORSEMENT

References herein to any specific sponsor or service do not necessarily constitute or imply the endorsement, recommendation or favoring by CFA Society New York. CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

CFA Society New York (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events. CFA Society New York specifically disclaims any such express or implied warranties. CFA Society New York and its affiliates, agents, and licensors will not be liable to you or anyone else for any loss or injury, caused in whole or in part by their negligence of contingencies beyond their control in procuring, compiling, reporting interpreting or delivering the information. In no event will CFA Society New York and its affiliates, agents, and licensors be liable to you or anyone else for any damages, including but not limited to consequential, special, indirect and incidental damages, even if advised of the possibility of such damages.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you. None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. CFANY is not responsible for any investment decision made by you.

You should not make any financial, investment, trading or other decision based upon any of the information presented at CFANY without undertaking your own independent due diligence and consulting with a qualified and registered securities professional. You understand that your use of any of the information presented at CFANY is at your own risk.

There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. CFANY does not, cannot, and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned in any CFANY presentation may not be suitable for investors depending on their specific investment objectives and financial condition.

Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

Legal Notice and Disclaimer

CFA Society New York (including its employees and agents) assumes no responsibility for presenters or consequences resulting from the use of information or content of such information presented, including (but not limited to) errors or omissions, the accuracy or reasonableness of factual or scientific assumptions, studies or conclusions, the defamatory nature of statements, ownership of copyright or other intellectual property rights, and the violation of property, privacy, or personal rights of others. The CFA Society New York is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on such information. No guarantees or warranties, including (but not limited to) any express or implied warranties of merchantability or fitness for a particular use or purpose, are made by CFA Society New York with respect to such information. CFA Society New York does not endorse, approve, or certify such information, nor does it guarantee the accuracy, completeness, efficacy, timeliness, or correct sequencing of such information. All presentations represent the opinions of the presenters and do not represent the position or the opinion of CFA Society New York or its members. Reference by the presenters to any specific commercial product, process or service by trade name, trademark, service mark, manufacturer, and corporation or otherwise does not constitute or imply endorsement, recommendation, or favoring by CFA Society New York.

CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to seminars@cfany.org.

More

CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you.

None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund.