Register for on-demand access to a series of discussions on critical data, financing, and policy gaps on the path to net zero, and their implications for investment and risk management decisions.
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Agenda09.15EDT09.45EDT
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SpeakersJudson Berkey Managing Director, Chief Sustainability Office UBS
Rahul Ghosh Managing Director – Global Head of Sustainable Finance Moody’s Ratings
Sonja Gibbs Managing Director and Head of Sustainable Finance, Global Policy Initiatives Institute of International Finance
Michael Kashani Head of Sustainable Credit and Platforms Apollo Global Management
Viola Lutz Senior Director, Climate Strategy Moody's
Yann Marin Secretary General Network for Greening the Financial System (NGFS)
Pedro Pizarro President and Chief Executive Officer Edison International
Michael West President Moody's Ratings
Mark Zandi Chief Economist Moody's Analytics
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Event Manager
If you have any questions about the event, please contact Sandra Fung at sandra.fung@moodys.com.
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Mr. West has served as President of Moody’s Ratings since November 2019. Mike served as Managing Director—Head of MIS Ratings and Research from June 2016 to October 2019. Previously, Mike served as Managing Director—Head of Global Structured Finance from February 2014 to May 2016 and Managing Director—Head of Global Corporate Finance from January 2010 to January 2014. Earlier in his career, Mike was also responsible for the research strategy for the ratings businesses and before that led Corporate Finance for the EMEA Region, European Corporates and the EMEA leveraged finance business. Prior to joining Moody’s in 1998, Mike worked at Bank of America and HSBC in various credit roles.
Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a co founder of the company Economy.com, which Moody’s purchased in 2005.
Dr. Zandi’s broad research interests encompass macroeconomics, financial market sand public policy. His recent research has focused on mortgage finance reform and the determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.
A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.
Dr. Zandi conducts regular briefings on the economy for corporate boards, trade associations and policymakers at all levels. He is on the board of directors of MGIC, the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs.
Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, is described by the New York Times as the “clearest guide” to the financial crisis.
Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.
Sonja leads the IIF’s work on sovereign debt policy and sustainable finance, focusing on research and advocacy for the Institute’s global membership across the financial services industry. Her research interests include global debt markets and risks to financial stability; sovereign debt stress and debt restructuring; the economic impact and financial market pricing of climate and ESG risks; and capital markets development in emerging markets. Her policy work on behalf of the IIF includes outreach and liaison efforts vis-à-vis the G20/G7, the Paris Club, the IMF/World Bank and other multilaterals, global regulators and standard setters, and the Central Banks and Supervisors Network for Greening the Financial System (NGFS), as well as the Glasgow Financial Alliance for Net Zero (GFANZ). She also serves on the boards of the Integrity Council for the Voluntary Carbon Market (ICVCM), and of Egypt’s Regional Center for Sustainable Finance (RCSF).
Sonja has spent over 20 years in banking and financial markets, including sell-side research in London and New York as well as stints as an emerging markets economist and bank credit analyst in Vienna and Los Angeles. She is a Chartered Financial Analyst (CFA), and has an MBA and BA from the University of California, Berkeley. Sonja’s work is widely cited in the financial press, and she is a regular speaker on global debt and sustainable finance policy issues at international conferences.
Judson Berkey is a Managing Director in UBS’s Chief Sustainability Office. He has worked at UBS since 2003 on global risk, regulatory and compliance topics. He chairs the Institute of International Finance Sustainable Finance Working Group and is on the Taskforce for Nature-related Financial Disclosures and Capitals Coalition Advisory Board.
Rahul Ghosh is Managing Director – Global Head of Sustainable Finance for Moody's Ratings.
Rahul leads global oversight for the credit rating agency’s environmental, social and governance (ESG) research and outreach strategy. In this capacity, he is responsible for co-ordinating high quality and impactful research exploring the credit implications of ESG, as well as digital and in-person outreach to meet the growing market needs of investors, issuers and other important stakeholders.
Rahul is a regular participant at high-profile industry working groups, market briefings, external conferences and media engagements. He is a member of the Taskforce on Nature-related Financial Disclosures, a market-led initiative to develop a risk management and disclosure framework for nature-related risks. He has also represented Moody’s on the UN Principles for Responsible Investment's advisory committee on credit ratings and the Green and Social Bond Principles working groups. He has presented on the impact of climate change on emerging market sovereigns at the G20 Green Finance Study Group and on sustainable finance trends at the International Finance Corporation’s Global Debt Mobilization Conference.
Before his current role, Rahul oversaw Moody’s ESG Solutions Group outreach and engagement activities globally with the sustainability stakeholder community. He also previously worked in Moody’s Credit Strategy & Research team where he was responsible for thematic research and outreach on global emerging market (EM) credit trends. Prior to joining Moody’s in 2013, Rahul was the Head of Asia at BMI Research (Fitch Solutions) in Singapore, leading a team of macroeconomists and industry specialists in analysing sovereign risk, sector performance and the capital markets.
Rahul is a passionate impact leader for Moody’s corporate social responsibility (CSR) initiatives in London, chairing the pillar on “activating an environmentally sustainable future”. He holds a Masters degree in Economics from the University of Edinburgh and a Certificate in ESG Investing from the CFA Society of the UK.
Michael Kashani joined Apollo Global Management October 2021, serving as the Head of Sustainable Credit and Platforms. Michael is responsible for supporting ESG integration across the Credit business as well as further incorporating ESG considerations into Apollo’s lending platforms and other non-majority equity stake investment processes.
Michael currently represents Apollo across several industry initiatives, including as the inaugural Steering Committee Chair of the ESG Integrated Disclosure Project.
Michael formally served as the Global Head of ESG Portfolio Management within the Fixed Income division at Goldman Sachs Asset Management. Within that role, Michael was responsible for coordinating the ESG integration efforts across all fixed income teams as well as serving as the lead portfolio manager for ESG focused mandates.
Michael was previously on the Goldman Sachs Asset Management municipal team as a senior research analyst covering healthcare, education and distressed municipalities and was instrumental in the developing its ESG capabilities as well.
Prior to his time at Goldman Sachs Asset Management, Michael worked as a credit analyst at American Capital Access and Standard & Poor’s, focusing predominantly within the healthcare and education sectors.
Yann Marin has been appointed deputy director for financial stability at the Banque de France and NGFS Secretary General as of the 1st of June 2024. He is currently chairing the Climate Disclosure Workstream (IAIS) and he is also the vice-chair of the Climate Risk Steering Group (IAIS).
Previously, Yann Marin was the deputy director for international affairs at the ACPR, in charge of cross-sectoral issues, among which climate-related risks (2021-2024). He worked in the Financial stability board, leading the team on the Assessment of Vulnerabilities under Klaas Knot (DNB) as chair of the Standing Committee on the Assessment of Vulnerabilities (2016-2020). He also used to be the head of the financial stability and markets studies division in the Banque de France (2011-2016), and the representative of the Banque de France in Beijing, working as the financial counsellor of the French embassy (2008-2011). Previously, he worked in monetary policy implementation, as a market economist and team leader (2003-2008). He has a master’s degree in international economics and European macro-economics (1997 La Sorbonne and 2001 SciencesPo) and in political sciences (SciencesPo diploma, 2000).
Viola Lutz is Senior Director, Climate Strategy at Moody’s. Viola helps drive climate positioning across Moody’s with the goal to firmly establish the company and our offerings as a global leader in integrated climate risk analytics.
Prior to joining Moody’s, Viola was Executive Director, Head of Climate Solutions, at ISS ESG, the unit of Institutional Shareholder Services (ISS) that helps financial market participants to understand, measure, and act on climate-related risks and opportunities across all asset classes. Viola joined ISS in 2017, following its acquisition of the financial industry business of South Pole Group, where she was a member of the team that developed the world’s largest database of company-level climate change data and pioneered the development of leading, standardized investment climate screening tools. Viola was named to the Forbes 30 Under 30: European Finance list in 2020. She holds a Master of Public Affairs from Sciences Po Paris and a bachelor’s degree in Economics from the University of St. Gallen (HSG), Switzerland.
Viola is an avid improv theatre performer as well as a mountain sports and Yoga enthusiast.
Pedro J. Pizarro is president and chief executive officer of Edison International, the parent company of Southern California Edison (SCE), one of the nation’s largest electric utilities. Edison International is also the parent company of Trio, a portfolio of competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe. He is a member of Edison International’s board of directors.
Pizarro served as president of SCE from October 2014 through May 2016, when he was elected president of Edison International. He was elected chief executive officer in October 2016. Previously, Pizarro was president of Edison Mission Energy (EME) and chaired its board of directors from 2011 until the sale of its assets to NRG Energy in April 2014. EME, a subsidiary of Edison International at the time, was an independent power producer that owned, leased, operated and sold energy and capacity from electric power generation facilities and engaged in hedging and energy trading activities in competitive power markets. Pizarro joined Edison International in 1999, moved to SCE in 2001 and progressed through several leadership roles before joining EME.
Before his work at Edison International and SCE, Pizarro was a senior engagement manager with McKinsey & Company in Los Angeles, providing management consulting services to energy, technology, engineering services and banking clients. There, he developed corporate strategy, handled mergers and acquisitions and oversaw operational and organizational engagements.
Pizarro earned a Ph.D. in chemistry from the California Institute of Technology (Caltech) and held National Science Foundation and Department of Defense graduate fellowships. He earned a bachelor's degree in chemistry from Harvard University.
Pizarro is co-chair of the Electricity Subsector Coordinating Council, the principal liaison between the federal government and the electric power industry to prepare for and respond to national-level disasters or threats to critical infrastructure. He is the immediate past chair of the Edison Electric Institute and continues to serve on its board, as well as the boards of Caltech and 3M.
Pizarro previously served on the boards of the Electric Power Research Institute, Analysis and Resilience Center for Systemic Risk, Argonne National Laboratory, Electric Power Supply Association, California Power Exchange, Colburn School, House Research Institute, Southern California Leadership Council and Western Energy Institute. He also represented the electric industry on the Secretary of Energy Advisory Board (SEAB), co-chaired the SEAB Innovation Working Group, and served on California Gov. Gavin Newsom’s Task Force on Business and Jobs Recovery.
Judson Berkey is a Managing Director in UBS’s Chief Sustainability Office. He has worked at UBS since 2003 on global risk, regulatory and compliance topics. He chairs the Institute of International Finance Sustainable Finance Working Group and is on the Taskforce for Nature-related Financial Disclosures and Capitals Coalition Advisory Board.
Rahul Ghosh is Managing Director – Global Head of Sustainable Finance for Moody's Ratings.
Rahul leads global oversight for the credit rating agency’s environmental, social and governance (ESG) research and outreach strategy. In this capacity, he is responsible for co-ordinating high quality and impactful research exploring the credit implications of ESG, as well as digital and in-person outreach to meet the growing market needs of investors, issuers and other important stakeholders.
Rahul is a regular participant at high-profile industry working groups, market briefings, external conferences and media engagements. He is a member of the Taskforce on Nature-related Financial Disclosures, a market-led initiative to develop a risk management and disclosure framework for nature-related risks. He has also represented Moody’s on the UN Principles for Responsible Investment's advisory committee on credit ratings and the Green and Social Bond Principles working groups. He has presented on the impact of climate change on emerging market sovereigns at the G20 Green Finance Study Group and on sustainable finance trends at the International Finance Corporation’s Global Debt Mobilization Conference.
Before his current role, Rahul oversaw Moody’s ESG Solutions Group outreach and engagement activities globally with the sustainability stakeholder community. He also previously worked in Moody’s Credit Strategy & Research team where he was responsible for thematic research and outreach on global emerging market (EM) credit trends. Prior to joining Moody’s in 2013, Rahul was the Head of Asia at BMI Research (Fitch Solutions) in Singapore, leading a team of macroeconomists and industry specialists in analysing sovereign risk, sector performance and the capital markets.
Rahul is a passionate impact leader for Moody’s corporate social responsibility (CSR) initiatives in London, chairing the pillar on “activating an environmentally sustainable future”. He holds a Masters degree in Economics from the University of Edinburgh and a Certificate in ESG Investing from the CFA Society of the UK.
Sonja leads the IIF’s work on sovereign debt policy and sustainable finance, focusing on research and advocacy for the Institute’s global membership across the financial services industry. Her research interests include global debt markets and risks to financial stability; sovereign debt stress and debt restructuring; the economic impact and financial market pricing of climate and ESG risks; and capital markets development in emerging markets. Her policy work on behalf of the IIF includes outreach and liaison efforts vis-à-vis the G20/G7, the Paris Club, the IMF/World Bank and other multilaterals, global regulators and standard setters, and the Central Banks and Supervisors Network for Greening the Financial System (NGFS), as well as the Glasgow Financial Alliance for Net Zero (GFANZ). She also serves on the boards of the Integrity Council for the Voluntary Carbon Market (ICVCM), and of Egypt’s Regional Center for Sustainable Finance (RCSF).
Sonja has spent over 20 years in banking and financial markets, including sell-side research in London and New York as well as stints as an emerging markets economist and bank credit analyst in Vienna and Los Angeles. She is a Chartered Financial Analyst (CFA), and has an MBA and BA from the University of California, Berkeley. Sonja’s work is widely cited in the financial press, and she is a regular speaker on global debt and sustainable finance policy issues at international conferences.
Michael Kashani joined Apollo Global Management October 2021, serving as the Head of Sustainable Credit and Platforms. Michael is responsible for supporting ESG integration across the Credit business as well as further incorporating ESG considerations into Apollo’s lending platforms and other non-majority equity stake investment processes.
Michael currently represents Apollo across several industry initiatives, including as the inaugural Steering Committee Chair of the ESG Integrated Disclosure Project.
Michael formally served as the Global Head of ESG Portfolio Management within the Fixed Income division at Goldman Sachs Asset Management. Within that role, Michael was responsible for coordinating the ESG integration efforts across all fixed income teams as well as serving as the lead portfolio manager for ESG focused mandates.
Michael was previously on the Goldman Sachs Asset Management municipal team as a senior research analyst covering healthcare, education and distressed municipalities and was instrumental in the developing its ESG capabilities as well.
Prior to his time at Goldman Sachs Asset Management, Michael worked as a credit analyst at American Capital Access and Standard & Poor’s, focusing predominantly within the healthcare and education sectors.
Viola Lutz is Senior Director, Climate Strategy at Moody’s. Viola helps drive climate positioning across Moody’s with the goal to firmly establish the company and our offerings as a global leader in integrated climate risk analytics.
Prior to joining Moody’s, Viola was Executive Director, Head of Climate Solutions, at ISS ESG, the unit of Institutional Shareholder Services (ISS) that helps financial market participants to understand, measure, and act on climate-related risks and opportunities across all asset classes. Viola joined ISS in 2017, following its acquisition of the financial industry business of South Pole Group, where she was a member of the team that developed the world’s largest database of company-level climate change data and pioneered the development of leading, standardized investment climate screening tools. Viola was named to the Forbes 30 Under 30: European Finance list in 2020. She holds a Master of Public Affairs from Sciences Po Paris and a bachelor’s degree in Economics from the University of St. Gallen (HSG), Switzerland.
Viola is an avid improv theatre performer as well as a mountain sports and Yoga enthusiast.
Yann Marin has been appointed deputy director for financial stability at the Banque de France and NGFS Secretary General as of the 1st of June 2024. He is currently chairing the Climate Disclosure Workstream (IAIS) and he is also the vice-chair of the Climate Risk Steering Group (IAIS).
Previously, Yann Marin was the deputy director for international affairs at the ACPR, in charge of cross-sectoral issues, among which climate-related risks (2021-2024). He worked in the Financial stability board, leading the team on the Assessment of Vulnerabilities under Klaas Knot (DNB) as chair of the Standing Committee on the Assessment of Vulnerabilities (2016-2020). He also used to be the head of the financial stability and markets studies division in the Banque de France (2011-2016), and the representative of the Banque de France in Beijing, working as the financial counsellor of the French embassy (2008-2011). Previously, he worked in monetary policy implementation, as a market economist and team leader (2003-2008). He has a master’s degree in international economics and European macro-economics (1997 La Sorbonne and 2001 SciencesPo) and in political sciences (SciencesPo diploma, 2000).
Pedro J. Pizarro is president and chief executive officer of Edison International, the parent company of Southern California Edison (SCE), one of the nation’s largest electric utilities. Edison International is also the parent company of Trio, a portfolio of competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe. He is a member of Edison International’s board of directors.
Pizarro served as president of SCE from October 2014 through May 2016, when he was elected president of Edison International. He was elected chief executive officer in October 2016. Previously, Pizarro was president of Edison Mission Energy (EME) and chaired its board of directors from 2011 until the sale of its assets to NRG Energy in April 2014. EME, a subsidiary of Edison International at the time, was an independent power producer that owned, leased, operated and sold energy and capacity from electric power generation facilities and engaged in hedging and energy trading activities in competitive power markets. Pizarro joined Edison International in 1999, moved to SCE in 2001 and progressed through several leadership roles before joining EME.
Before his work at Edison International and SCE, Pizarro was a senior engagement manager with McKinsey & Company in Los Angeles, providing management consulting services to energy, technology, engineering services and banking clients. There, he developed corporate strategy, handled mergers and acquisitions and oversaw operational and organizational engagements.
Pizarro earned a Ph.D. in chemistry from the California Institute of Technology (Caltech) and held National Science Foundation and Department of Defense graduate fellowships. He earned a bachelor's degree in chemistry from Harvard University.
Pizarro is co-chair of the Electricity Subsector Coordinating Council, the principal liaison between the federal government and the electric power industry to prepare for and respond to national-level disasters or threats to critical infrastructure. He is the immediate past chair of the Edison Electric Institute and continues to serve on its board, as well as the boards of Caltech and 3M.
Pizarro previously served on the boards of the Electric Power Research Institute, Analysis and Resilience Center for Systemic Risk, Argonne National Laboratory, Electric Power Supply Association, California Power Exchange, Colburn School, House Research Institute, Southern California Leadership Council and Western Energy Institute. He also represented the electric industry on the Secretary of Energy Advisory Board (SEAB), co-chaired the SEAB Innovation Working Group, and served on California Gov. Gavin Newsom’s Task Force on Business and Jobs Recovery.
Mr. West has served as President of Moody’s Ratings since November 2019. Mike served as Managing Director—Head of MIS Ratings and Research from June 2016 to October 2019. Previously, Mike served as Managing Director—Head of Global Structured Finance from February 2014 to May 2016 and Managing Director—Head of Global Corporate Finance from January 2010 to January 2014. Earlier in his career, Mike was also responsible for the research strategy for the ratings businesses and before that led Corporate Finance for the EMEA Region, European Corporates and the EMEA leveraged finance business. Prior to joining Moody’s in 1998, Mike worked at Bank of America and HSBC in various credit roles.
Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a co founder of the company Economy.com, which Moody’s purchased in 2005.
Dr. Zandi’s broad research interests encompass macroeconomics, financial market sand public policy. His recent research has focused on mortgage finance reform and the determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.
A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.
Dr. Zandi conducts regular briefings on the economy for corporate boards, trade associations and policymakers at all levels. He is on the board of directors of MGIC, the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs.
Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, is described by the New York Times as the “clearest guide” to the financial crisis.
Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.