Sustainable Finance Seminar Thursday 13 March, 2014 Smith  School  of  Enterprise  and  the  Environment  |  University  of  Oxford  

A  J  Herbertson  Room  |  Oxford  University  Centre  for  the  Environment  |  South  Park  Road  |  OX1  3QY  

 

   

 

Summary More  than  five  years  after  the  financial  crisis  was  triggered  by  Lehman’s  demise  the  question  still  remains  whether  the  financial  industry  needs  to  change  structurally.  Governments,  investors,  but  also  society  in  general  are  more  than  ever  stipulating  that  financial  institutions  should  adopt  more  sustainable  business  approaches  in  order  to  establish  a  sustainable  financial  sector.  But  what  does  sustainable  finance  actually  mean?  Does  it  stand  for  treating  people  and  the  environment  exactly  the  way  you  would  like  to  be  treated?  Or  does  sustainability  in  the  financial  sector  go  beyond  this?  Do  banks  finance  sustainable  business  and  if  so,  why?  How  do  banks  engage  with  their  clients  on  the  topic  of  sustainable  finance?  

 

The  objective  of  this  seminar  is  to  give  some  insights  into  those  and  other  related  questions.  It  aims  to  foster  the  discussion  about  what  sustainability  in  the  financial  industry  actually  means.  To  do  so,  Alexander  Hoare  (C.  Hoare  &  Co.)  and  Anders  Bouvin  (Handelsbanken  UK)  will  give  a  practical  insight  into  sustainable  banking.  Professor  Colin  Mayer  (Saïd  Business  School)  sets  the  scene  and  provides  the  academic  perspective  on  financing  sustainable  business.  Julie  Hudson  (UBS)  moderates  the  concluding  panel  discussion.    

 

 

 

Sustainable Finance Seminar | 14 March 2014

Agenda 16:00  |  Welcome  

Professor  Gordon  Clark  |  Director,  Smith  School  of  Enterprise  and  the  Environment  

16:05  |  Financing  Sustainable  Business:  The  Evidence  

Professor  Colin  Mayer  |  Peter  Moores  Professor  of  Management,  Saïd  Business  School  

16:30  |  Q&A  

16:40  |  Sustainability  at  C.  Hoare  &  Co.  Partners  

Alexander  Hoare  |  Partner  at  C.  Hoare  &  Co.  

17:05|  Q&A  

17:15  |  Sustainability:  it  ain't  what  you  do,  it's  the  way  you  do  it  

Anders  Bouvin  |  CEO  Handelsbanken  UK  and  Group  Executive  Vice  President  

17:40  |  Q&A  

17:50  |  Panel  Discussion  

Moderator:  Julie  Hudson  |  Head  of  Global  SRI  &  Sustainability  at  UBS  |  SSEE  Business  Fellow  

18:30  |  Closing  Remarks  

Professor  Gordon  Clark  |  Director,  Smith  School  of  Enterprise  and  the  Environment  

 

 

 

 

Sustainable Finance Seminar | 14 March 2014

About the Speakers

   

 

Anders  Bouvin  

Anders  Bouvin  graduated  from  the  University  of  Lund  with  a  degree  in  Economics  and  he  spent  two  years  studying  at  the  University  of  Sorbonne,  Reims  and  the  University  of  Montpellier,  France.  After  finishing  his  studies,  Anders  started  his  career  at  Handelsbanken  in  1985,  taking  his  first  role  in  the  Central  International  Department  in  Stockholm.  He  then  moved  on  to  a  role  as  Corporate  Executive/Dealer  at  Handelsbanken  Luxembourg  a  year  later,    

In  1994,  Anders  was  appointed  an  Area  Manager  in  one  of  the  six  Regional  Banks  in  Sweden.  Five  years  later,  he  was  appointed  General  Manager  of  the  New  York  branch.  After  three  years  in  the  US,  Anders  returned  to  the  Nordics  where  he  was  appointed  Executive  Vice  President  and  Head  of  Handelsbanken  Regional  Bank  Denmark,  a  role  he  held  for  five  years.  In  2007,  Anders  was  tasked  with  setting  up  the  UK’s  second  Regional  Bank,  based  in  Manchester  and  covering  the  north  of  Great  Britain.  This  was  formally  achieved  by  1  January  2008.    

Two  years  later,  Anders  became  CEO  of  Handelsbanken  UK  –  the  bank’s  fastest  growing  home  market  –  and  which  now  has  a  total  of  four  regional  banks  and  170  branches  across  the  nation.  

 

 

 

Professor  Gordon  Clark  

Professor  Gordon  L  Clark  DSc  (Oxon)  FBA  is  the  Director  of  the  Smith  School  of  Enterprise  and  the  Environment  with  cross-­‐appointments  in  the  Saïd  Business  School  and  the  School  of  Geography  and  the  Environment  at  Oxford  University.  He  holds  a  Professorial  Fellowship  at  St  Edmund  Hall,  Oxford.  He  is  as  well,  Sir  Louis  Matheson  Distinguished  Visiting  Professor  at  Monash  University's  Faculty  of  Business  and  Economics  (Melbourne)  and  a  Visiting  Professor  at  Stanford  University.  Previous  academic  appointments  have  been  at  Harvard's  Kennedy  School  of  Government,  Harvard  Law  School  (Senior  Research  Associate),  the  University  of  Chicago,  Carnegie  Mellon's  Heinz  School  and  Monash  University.  Other  honours  include  being  Andrew  Mellon  Fellow  at  the  US  National  Academy  of  Sciences  and  Visiting  Scholar  Deutscher  Akademischer  Austausch  Dienst  at  the  University  of  Marburg.  

 

 

Alexander  Hoare  

Alexander  graduated  from  the  University  of  Edinburgh  with  a  B.Comm  with  honours  in  marketing  and  is  the  first  of  the  eleventh  generation  of  C.  Hoare  &  Co.  Partners.  Prior  to  joining  the  bank  he  worked  as  a  Marketing  Consultant  for  PA  Consulting  Group  until  joining  the  bank  in  1987.  He  was  Chief  Executive  of  the  bank  from  2001  until  2009.  

Formerly  he  was  a  trustee  of  Training  for  Life  and  Trinity  Hospice,  a  Non-­‐Executive  Director  of  Jupiter  Green  Investment  Trust,  President  of  the  Groupement  Européen  de  Banques,  and  a  member  of  the  Westminster  Abbey  Finance  and  Advisory  Council.  He  is  now  active  in  the  field  of  social  and  impact  investing.  

 

Sustainable Finance Seminar | 14 March 2014

 

Julie  Hudson  

Julie  Hudson,  CFA,  is  a  Managing  Director  of  UBS,  where  she  heads  up  (having  also  founded)  the  Global  SRI  &  Sustainability  team,  established  by  UBS  within  its  Equity  Research  division  in  2004.  The  team  launched  major  UBS  publications  on  SRI  in  2005,  water  in  2006,  climate  change  in  2007,  corporate  governance  in  2008,  and  ESG  (environmental  social  and  governance)  ’integration’  in  2010.  The  arguments  in  support  of  Responsible  Investing  are  presented  in  a  monograph  entitled  The  Social  Responsibility  of  the  Investment  Profession  (Research  Foundation  of  CFA  Institute,  August  2006).  A  further  publication  co-­‐authored  with  UBS  economist  Paul  Donovan  is:  From  Red  to  Green?  How  the  Financial  Credit  Crunch  Could  bankrupt  the  Environment  (Earthscan,  2011).  

During  her  seventeen  year  career  with  UBS,  Julie  has  been  involved  in  a  number  of  diversity-­‐related  initiatives  including  All  Bar  None,  UBS’s  women’s  business  network,  as  well  as  representing  UBS  on  the  board  of  the  City  Women’s  Club,  a  network  for  senior  City  women  sponsored  by  UBS.  She  is  also  currently  a  member-­‐nominated  director  of  the  UBS  Pension  Trustee  Company.  Julie  holds  a  BA  in  Modern  Languages  from  Oxford  University,  a  London  University  (SOAS)  MSc.  in  Financial  Economics,  and  a  City  University  MSc.  in  Economic  Regulation  and  Competition.  

At  the  Smith  School  Julie  heads  the  Smith  School  Humanities  Programme  in  partnership  with  the  Humanities  Division.  

   

     

 

Professor  Colin  Mayer  

Colin  Mayer  is  the  Peter  Moores  Professor  of  Management  Studies  at  Saïd  Business  School,  and  the  former  Peter  Moores  Dean  of  the  School  between  2006  and  2011.  He  is  an  expert  on  all  aspects  of  corporate  finance,  governance  and  taxation,  and  the  regulation  of  financial  institutions.  He  has  consulted  for  numerous  large  firms  and  for  governments,  regulators  and  international  agencies  around  the  world.  He  teaches  the  elective  course  on  Mergers,  Acquisitions  and  Restructurings  on  the  MBA  and  the  Masters  in  Financial  Economics,  and  the  Principles  of  Financial  Regulation  on  the  Masters  in  Law  and  Finance.  

Colin  studied  as  an  undergraduate  at  Oriel  College,  Oxford,  and  received  his  DPhil  from  Oxford  University  in  1981.  He  was  a  Harkness  Fellow  at  Harvard  University,  a  Houblon-­‐Norman  Fellow  at  the  Bank  of  England,  the  first  Leo  Goldschmidt  Visiting  Professor  of  Corporate  Governance  at  the  Solvay  Business  School,  Université  de  Bruxelles,  and  has  had  visiting  positions  at  Columbia,  MIT  and  Stanford  universities.  In  1994,  Colin  became  the  first  professor  at  Saïd  Business  School,  and  was  appointed  the  Peter  Moores  Dean  of  the  Business  School  between  2006  and  2011.  He  was  the  first  Director  of  the  Oxford  Financial  Research  Centre  at  the  University  of  Oxford  between  1998  and  2005.