ESG in Credit: Social Risk Summit
Agenda | アジェンダ
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10:00
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10:05
The changing landscape of social risks & opportunities in APAC
- Discussion on the latest initiatives and policy developments on social risk in APAC
- Discussion on how international measures to address supply chain risk or redirect capital may have global reach
- Identification of issues rising up the agenda in the region
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10:30
Social risks after COVID: Assessing the materiality of health, safety and changing consumer habits
- What are the material social risks identified for the mining, pharmaceutical and plantation sectors?
- How are issuers in these sectors responding to social risks?
- How do the pandemic recovery, concerns about health and safety, and ongoing shifts in consumer behavior materially affect ratings in APAC?
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11:30
Closing
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10:00
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10:05
基調講演: 変化するソーシャルリスクとアジア太平洋地域における機会
- アジア太平洋地域のソーシャルリスクに対する直近の取り組みと政策動向
- サプライチェーンリスクへの対応や資金使途の変更に関する国際的措置がどのように世界中に広がるかを考察
- 域内で検討・対応が求められる問題を確認
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10:30
パネルディスカッション: コロナ後のソーシャルリスク: 衛生、安全、変化する消費者性向の重要性を考察
- 鉱業、製薬、プランテーションセクターで確認された重要なソーシャルリスク
- これらのセクターの発行体は、どのようにソーシャルリスクに対応しているか
- コロナ禍からの回復、衛生・安全に関する懸念、変化し続ける消費者行動が、アジア太平洋地域の格付に与える実質的な影響
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11:30
閉会
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Speakers keyboard_arrow_downCarmen Nuzzo Head of Fixed Income Principles for Responsible Investment
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closeJames Leaton is a SVP - Environment, Social & Governance. In this capacity, James leads the development of carbon transition analysis of companies in high impact sectors. James brings expertise across environmental issues, especially climate change risk, which he applies to the integration of environmental risk into credit analysis.
Prior to joining Moody’s. James was previously Research Director at Carbon Tracker - a boutique research house - where he led a team producing thematic energy research combining elements of climate change scenarios with financial analysis. James was lead author of a series of research which sparked investor interest in the concept of stranded assets, and led to a number of investor initiatives on carbon asset risk. James also advised blue-chip clients on climate change and sustainability strategy whilst a consultant at PwC and was a senior policy advisor at WWF, focusing on the biodiversity impact of extractive industries.
James holds a Masters degree in Environmental Technology from Imperial College, University of London.
Brian Cahill is Vice Chairman, Moody’s Ratings Asia Pacific. In this role, he provides strategic and operational support across key business initiatives including Moody’s Ratings domestic credit rating affiliates in India, Vietnam and other locations. He also supports senior level external engagement with market participants including policy makers and regulators in respect of Moody’s Ratings credit rating and sustainable finance activities. He is on the board of Moody’s Foundation supporting its global activities and with a particular focus on its work in Asia Pacific.
Prior to his current role, Brian was Global Head for Sustainable Finance at Moody’s Ratings leading its strategy for incorporating Environmental, Social, and Governance factors - including climate risk - into credit ratings,
analytics, research, and outreach.
In addition, he oversaw the development of Moody’s Ratings sustainable finance solutions such as second party opinions and net zero assessments. These provide analytic insight to market participants wishing to evaluate the sustainability and emission reduction claims of debt issuers, a critical need in the rapidly growing sustainable finance market.
Brian was regional head of Moody’s Ratings corporate finance franchise from 2002 to 2020. He also led the Asia project and infrastructure team from 2009 to 2018 and the Asia Financial institution team from 2009 to 2016.
Prior to joining Moody’s Brian practiced as a lawyer. He received an MA and Master of Law from Cambridge University.
Carmen Nuzzo is Head of Fixed Income at the Principles for Responsible Investment, where she is responsible for the sovereign, sub-sovereign, securitised products and private debt workstreams, as well as the PRI’s flagship ESG in Credit Risk and Ratings initiative. She works with investors, credit rating agencies, issuers, ESG information providers and other stakeholders to develop a better understanding of how ESG factors can impact debt instrument pricing.
Prior to joining the PRI in 2017, Carmen was an Executive Director at Morgan Stanley focussing on Sustainable Economics. She started her career in 1993 as a macroeconomist at Salomon Brothers, subsequently working for Citigroup, with stints in the not-for-profit sector, including at ShareAction.
Carmen holds a Laurea in ‘Political Science’ (major economics) from La Sapienza University in Rome and a Ph.D. in ‘Capital Markets and Business Finance’ from the University of Bergamo. She was a visiting scholar at the N.Y.U Stern Business School, working on the Ho-Lee model for her dissertation.
Laura Acres is Managing Director for the Corporate Finance Group for Asia. Based in Singapore, she has overall responsibility for Moody’s corporate ratings and research for the region, managing teams in Sydney, Singapore, Hong Kong, Beijing, Shanghai and Tokyo. Laura also spearheads our global Emerging Markets initiative, leading many of our aggregated research based publications in this space and helping to coordinate Moody’s approach to this large and growing area of focus. Laura joined the company in 2006 taking a number of Lead Analyst roles for a variety of corporates around the region; she also created Moody’s aggregated high-yield research and outreach initiatives for the Asia Pacific region. She was appointed Managing Director in 2015 and led the Singapore based South & South East Asia corporate rating teams and was then appointed to her current role in 2020. Before joining Moody’s, Laura worked for Schroders PLC in London and Singapore, and Dresdner Kleinwort Wasserstein in Singapore, where she specialized in corporate restructuring and recovery throughout Southeast Asia. Laura holds a BSc (Econ) from the London School of Economics and Political Science.
Matthew is an Associate Managing Director in Moody’s Corporate Finance Group, based in Sydney. In this role, he leads a team of rating analysts covering nonfinancial corporates in Australian and New Zealand.
Matthew joined Moody’s Sydney office in2010 as a lead analyst covering a range of corporate and infrastructure sectors ,including real estate investment trusts, metals and mining, oil and gas and steel sectors, among others. Matthew has also covered the consumer products and retail sectors with Moody’s in the US.
He has extensive experience both in the investment grade and high yield spaces.
Prior to joining Moody’s Sydney office, Matthew worked in the rating-advisory group at Deutsche Bank in New York. He holds an Honours degree in Business from the University of Massachusetts at Amherst.
Dean Enjo is a Senior Analyst with the Corporate Finance Group of Moody’s Japan. He is a lead analyst for companies across a broad range of sectors including automobiles, chemicals, pharmaceuticals, and retail products.
Dean has extensive work experience in the Japanese financial industry. Dean previously worked at Manulife Life Insurance Company Japan, where he was a fixed income portfolio manager for its general account investment division. Prior to that, he worked as an equity research analyst at CLSA Securities Japan / Credit Agricole Securities Japan and at a hedge fund focused on Japanese equities.
He holds a master’s degree from Harvard University, an M.B.A. from the University of Hertfordshire, and a bachelor’s degree from the University of British Columbia.
James Leaton is a SVP - Environment, Social & Governance. In this capacity, James leads the development of carbon transition analysis of companies in high impact sectors. James brings expertise across environmental issues, especially climate change risk, which he applies to the integration of environmental risk into credit analysis.
Prior to joining Moody’s. James was previously Research Director at Carbon Tracker - a boutique research house - where he led a team producing thematic energy research combining elements of climate change scenarios with financial analysis. James was lead author of a series of research which sparked investor interest in the concept of stranded assets, and led to a number of investor initiatives on carbon asset risk. James also advised blue-chip clients on climate change and sustainability strategy whilst a consultant at PwC and was a senior policy advisor at WWF, focusing on the biodiversity impact of extractive industries.
James holds a Masters degree in Environmental Technology from Imperial College, University of London.
Brian Cahill is Vice Chairman, Moody’s Ratings Asia Pacific. In this role, he provides strategic and operational support across key business initiatives including Moody’s Ratings domestic credit rating affiliates in India, Vietnam and other locations. He also supports senior level external engagement with market participants including policy makers and regulators in respect of Moody’s Ratings credit rating and sustainable finance activities. He is on the board of Moody’s Foundation supporting its global activities and with a particular focus on its work in Asia Pacific.
Prior to his current role, Brian was Global Head for Sustainable Finance at Moody’s Ratings leading its strategy for incorporating Environmental, Social, and Governance factors - including climate risk - into credit ratings,
analytics, research, and outreach.
In addition, he oversaw the development of Moody’s Ratings sustainable finance solutions such as second party opinions and net zero assessments. These provide analytic insight to market participants wishing to evaluate the sustainability and emission reduction claims of debt issuers, a critical need in the rapidly growing sustainable finance market.
Brian was regional head of Moody’s Ratings corporate finance franchise from 2002 to 2020. He also led the Asia project and infrastructure team from 2009 to 2018 and the Asia Financial institution team from 2009 to 2016.
Prior to joining Moody’s Brian practiced as a lawyer. He received an MA and Master of Law from Cambridge University.
Carmen Nuzzo is Head of Fixed Income at the Principles for Responsible Investment, where she is responsible for the sovereign, sub-sovereign, securitised products and private debt workstreams, as well as the PRI’s flagship ESG in Credit Risk and Ratings initiative. She works with investors, credit rating agencies, issuers, ESG information providers and other stakeholders to develop a better understanding of how ESG factors can impact debt instrument pricing.
Prior to joining the PRI in 2017, Carmen was an Executive Director at Morgan Stanley focussing on Sustainable Economics. She started her career in 1993 as a macroeconomist at Salomon Brothers, subsequently working for Citigroup, with stints in the not-for-profit sector, including at ShareAction.
Carmen holds a Laurea in ‘Political Science’ (major economics) from La Sapienza University in Rome and a Ph.D. in ‘Capital Markets and Business Finance’ from the University of Bergamo. She was a visiting scholar at the N.Y.U Stern Business School, working on the Ho-Lee model for her dissertation.
Laura Acres is Managing Director for the Corporate Finance Group for Asia. Based in Singapore, she has overall responsibility for Moody’s corporate ratings and research for the region, managing teams in Sydney, Singapore, Hong Kong, Beijing, Shanghai and Tokyo. Laura also spearheads our global Emerging Markets initiative, leading many of our aggregated research based publications in this space and helping to coordinate Moody’s approach to this large and growing area of focus. Laura joined the company in 2006 taking a number of Lead Analyst roles for a variety of corporates around the region; she also created Moody’s aggregated high-yield research and outreach initiatives for the Asia Pacific region. She was appointed Managing Director in 2015 and led the Singapore based South & South East Asia corporate rating teams and was then appointed to her current role in 2020. Before joining Moody’s, Laura worked for Schroders PLC in London and Singapore, and Dresdner Kleinwort Wasserstein in Singapore, where she specialized in corporate restructuring and recovery throughout Southeast Asia. Laura holds a BSc (Econ) from the London School of Economics and Political Science.
Matthew is an Associate Managing Director in Moody’s Corporate Finance Group, based in Sydney. In this role, he leads a team of rating analysts covering nonfinancial corporates in Australian and New Zealand.
Matthew joined Moody’s Sydney office in2010 as a lead analyst covering a range of corporate and infrastructure sectors ,including real estate investment trusts, metals and mining, oil and gas and steel sectors, among others. Matthew has also covered the consumer products and retail sectors with Moody’s in the US.
He has extensive experience both in the investment grade and high yield spaces.
Prior to joining Moody’s Sydney office, Matthew worked in the rating-advisory group at Deutsche Bank in New York. He holds an Honours degree in Business from the University of Massachusetts at Amherst.
Dean Enjo is a Senior Analyst with the Corporate Finance Group of Moody’s Japan. He is a lead analyst for companies across a broad range of sectors including automobiles, chemicals, pharmaceuticals, and retail products.
Dean has extensive work experience in the Japanese financial industry. Dean previously worked at Manulife Life Insurance Company Japan, where he was a fixed income portfolio manager for its general account investment division. Prior to that, he worked as an equity research analyst at CLSA Securities Japan / Credit Agricole Securities Japan and at a hedge fund focused on Japanese equities.
He holds a master’s degree from Harvard University, an M.B.A. from the University of Hertfordshire, and a bachelor’s degree from the University of British Columbia.
Maisam Hasnain is a Vice President - Senior Credit Officer in Moody’s Corporate Finance Group.
Based in Singapore, Maisam covers a portfolio of companies across the industrial, mining and plantation sectors in Southeast Asia.
Prior to his move to Singapore in 2017, Maisam spent four years in Moody’s Hong Kong office covering a broad array of sectors, including telecommunications, communications infrastructure, building materials, and metals and mining.
Maisam joined Moody’s in 2010 and started as an Associate in Moody’s Regional Product Strategy team, which is responsible for managing all aspects of Moody’s research and data service offerings, including new business initiatives.
Maisam holds a double major in Economics and Finance, and a minor in Arabic from The University of Hong Kong. He is also a CFA charterholder.
Carmen Nuzzo is Head of Fixed Income at the Principles for Responsible Investment, where she is responsible for the sovereign, sub-sovereign, securitised products and private debt workstreams, as well as the PRI’s flagship ESG in Credit Risk and Ratings initiative. She works with investors, credit rating agencies, issuers, ESG information providers and other stakeholders to develop a better understanding of how ESG factors can impact debt instrument pricing.
Prior to joining the PRI in 2017, Carmen was an Executive Director at Morgan Stanley focussing on Sustainable Economics. She started her career in 1993 as a macroeconomist at Salomon Brothers, subsequently working for Citigroup, with stints in the not-for-profit sector, including at ShareAction.
Carmen holds a Laurea in ‘Political Science’ (major economics) from La Sapienza University in Rome and a Ph.D. in ‘Capital Markets and Business Finance’ from the University of Bergamo. She was a visiting scholar at the N.Y.U Stern Business School, working on the Ho-Lee model for her dissertation.
Laura Acres is Managing Director for the Corporate Finance Group for Asia. Based in Singapore, she has overall responsibility for Moody’s corporate ratings and research for the region, managing teams in Sydney, Singapore, Hong Kong, Beijing, Shanghai and Tokyo. Laura also spearheads our global Emerging Markets initiative, leading many of our aggregated research based publications in this space and helping to coordinate Moody’s approach to this large and growing area of focus. Laura joined the company in 2006 taking a number of Lead Analyst roles for a variety of corporates around the region; she also created Moody’s aggregated high-yield research and outreach initiatives for the Asia Pacific region. She was appointed Managing Director in 2015 and led the Singapore based South & South East Asia corporate rating teams and was then appointed to her current role in 2020. Before joining Moody’s, Laura worked for Schroders PLC in London and Singapore, and Dresdner Kleinwort Wasserstein in Singapore, where she specialized in corporate restructuring and recovery throughout Southeast Asia. Laura holds a BSc (Econ) from the London School of Economics and Political Science.
Matthew is an Associate Managing Director in Moody’s Corporate Finance Group, based in Sydney. In this role, he leads a team of rating analysts covering nonfinancial corporates in Australian and New Zealand.
Matthew joined Moody’s Sydney office in2010 as a lead analyst covering a range of corporate and infrastructure sectors ,including real estate investment trusts, metals and mining, oil and gas and steel sectors, among others. Matthew has also covered the consumer products and retail sectors with Moody’s in the US.
He has extensive experience both in the investment grade and high yield spaces.
Prior to joining Moody’s Sydney office, Matthew worked in the rating-advisory group at Deutsche Bank in New York. He holds an Honours degree in Business from the University of Massachusetts at Amherst.
Dean Enjo is a Senior Analyst with the Corporate Finance Group of Moody’s Japan. He is a lead analyst for companies across a broad range of sectors including automobiles, chemicals, pharmaceuticals, and retail products.
Dean has extensive work experience in the Japanese financial industry. Dean previously worked at Manulife Life Insurance Company Japan, where he was a fixed income portfolio manager for its general account investment division. Prior to that, he worked as an equity research analyst at CLSA Securities Japan / Credit Agricole Securities Japan and at a hedge fund focused on Japanese equities.
He holds a master’s degree from Harvard University, an M.B.A. from the University of Hertfordshire, and a bachelor’s degree from the University of British Columbia.
Maisam Hasnain is a Vice President - Senior Credit Officer in Moody’s Corporate Finance Group.
Based in Singapore, Maisam covers a portfolio of companies across the industrial, mining and plantation sectors in Southeast Asia.
Prior to his move to Singapore in 2017, Maisam spent four years in Moody’s Hong Kong office covering a broad array of sectors, including telecommunications, communications infrastructure, building materials, and metals and mining.
Maisam joined Moody’s in 2010 and started as an Associate in Moody’s Regional Product Strategy team, which is responsible for managing all aspects of Moody’s research and data service offerings, including new business initiatives.
Maisam holds a double major in Economics and Finance, and a minor in Arabic from The University of Hong Kong. He is also a CFA charterholder.
James Leaton is a SVP - Environment, Social & Governance. In this capacity, James leads the development of carbon transition analysis of companies in high impact sectors. James brings expertise across environmental issues, especially climate change risk, which he applies to the integration of environmental risk into credit analysis.
Prior to joining Moody’s. James was previously Research Director at Carbon Tracker - a boutique research house - where he led a team producing thematic energy research combining elements of climate change scenarios with financial analysis. James was lead author of a series of research which sparked investor interest in the concept of stranded assets, and led to a number of investor initiatives on carbon asset risk. James also advised blue-chip clients on climate change and sustainability strategy whilst a consultant at PwC and was a senior policy advisor at WWF, focusing on the biodiversity impact of extractive industries.
James holds a Masters degree in Environmental Technology from Imperial College, University of London.
Brian Cahill is Vice Chairman, Moody’s Ratings Asia Pacific. In this role, he provides strategic and operational support across key business initiatives including Moody’s Ratings domestic credit rating affiliates in India, Vietnam and other locations. He also supports senior level external engagement with market participants including policy makers and regulators in respect of Moody’s Ratings credit rating and sustainable finance activities. He is on the board of Moody’s Foundation supporting its global activities and with a particular focus on its work in Asia Pacific.
Prior to his current role, Brian was Global Head for Sustainable Finance at Moody’s Ratings leading its strategy for incorporating Environmental, Social, and Governance factors - including climate risk - into credit ratings,
analytics, research, and outreach.
In addition, he oversaw the development of Moody’s Ratings sustainable finance solutions such as second party opinions and net zero assessments. These provide analytic insight to market participants wishing to evaluate the sustainability and emission reduction claims of debt issuers, a critical need in the rapidly growing sustainable finance market.
Brian was regional head of Moody’s Ratings corporate finance franchise from 2002 to 2020. He also led the Asia project and infrastructure team from 2009 to 2018 and the Asia Financial institution team from 2009 to 2016.
Prior to joining Moody’s Brian practiced as a lawyer. He received an MA and Master of Law from Cambridge University.