Sean Kidney, CEO and Co-founder
Sean focuses on promoting investment priorities for climate and green bonds, how governments can take advantage of the green bonds market and the development of international collaborations. He acts as:
- Chair of the Climate Bond Standards Board (members represent $34 trillion of assets under management).
- Consultant to projects for the People's Bank of China and the Chinese Government’s Development Research Centre on how to grow green bonds in China.
- Consultant to the European Commission's Directorate-General of Climate Change, on mobilizing private capital for climate solutions.
Sean is a member of the German International Aid Ministry’s TRANSfer Expert Group on “Using Climate Financing to Leverage Sustainable Transport”; of the Commonwealth Expert Group on Climate Finance; the Finance Advisory Board of the European Wind Energy Association, Mercer’s Sustainability Opportunities Fund Advisory Panel and the Advisory Council for the Corporate Knights Capital Advisory Council.
An accomplished international speaker, Sean has over the past year spoken climate bonds and green bonds at conferences and meetings on six continents. His background is in stakeholder communications, social change strategy and issues marketing.
Nick Silver, Executive Director
Pension fund Advisor, and climate-related insurance, finance and risk expert.
Nick is also a director of Callund Consulting Limited, which advises governments on pensions and social security reform, member of council of the Institute and Faculty of Actuaries (IFoA), a Visiting Fellow at the LSE Grantham Research Institute on Climate Change and the Environment and a member of the risk management thought leadership committee at the IFoA. He lectures at and is a senior honorary visiting fellow at Global Sustainability Institute at Anglia Ruskin University.
Nick has advised the UNFCCC, Asian Development Bank, UK’s Department of Energy and Climate Change (DECC) and Development Department (DFID) and the German Development Department (GIZ) on climate finance in developing countries, advised the EU negotiators at COP 15, spoken at the launch of the Climate Investment Funds and at a number of UNFCCC conferences. Nick is part of the UK Government’s Capital Markets Climate Initiative.
Nick has advised a number of countries in Africa, Asia, the Caribbean and Eastern Europe on social insurance. He has also written a number of papers and articles on economics and implications for the carbon market, and risk management approaches to climate change. Nick has been widely quoted in the national media, spoken at the Swedish Parliament, been on an expert panel at the House of Lords, and has made recent appearances on Sky News, BBC Radio 5 live and BBC News 24 and two separate papers have been cited in parliamentary debates.
Justine Leigh-Bell, Manager of Standards and Certification Scheme
Justine has spent much of her career helping business leaders and governments find solutions to the global challenges of climate change and sustainable development. She currently heads the Standards program at the Climate Bonds Initiative. Justine works closely with industry experts and international agencies on helping to define "what is green" across the low carbon economy, with the aim of providing a screening tool for investors and governments to easily prioritise climate and green bonds with confidence.
Justine has provided consultancy services for a number of global environmental advisory firms and institutions including The Carbon Trust, the Overseas Development Institute (ODI), The Clean Tech Group and GIST Advisory based in New Delhi. Her key areas of focus have been in sustainable development in emerging economies, climate change mitigation/adaptation strategies, economic valuation and market based instruments for managing natural capital assets.
Beate Sonerud, Policy Analyst
Beate is responsible for undertaking public policy related research projects, as well as contributing to the CBI blog. She has previously worked in Climate Change Research at HSBC, and at the low-carbon consultancy Xyntéo.
Beate has completed an MSc in Environmental Technology at Imperial College London, and holds a first-class BSc in Economics and International Development from the University of Bath. She is a fellow of the Schmidt-MacArthur fellowship on the circular economy, and writes a blog about sustainable business and finance.
Tess Olsen-Rong, Market Analyst
Tess is responsible for data management, market analytics and the annual Bonds & Climate Change. State of the Market report at the Climate Bonds Initiative. Previous to joining the group in August 2014 she spent over three years at BlackRock in the Corporate Governance and Responsible investment team. As part of her role at BlackRock Tess conducted Environmental Social and Governance (ESG) analysis and worked on a project to integrate ESG into the investment process. Tess has a BA hons from The University of York in Economics and Economic History
Kazutaka Kuroda, Market Analyst
Kazutaka is responsible for data management and market analytics at the Climate Bonds Initiative. Before joining the Climate Bonds Initiative, he spent over seven years as a Senior Research Analyst at one of the global ESG rating agency in London and worked as an equity strategist at Okasan Securities Co., Ltd in Japan for over four years.
Kazutaka is the Social Media Director for Network for Sustainable Financial Markets (SFM) , an international, non-partisan network of finance sector professionals, academics and others who see the need for fundamental changes to improve financial market integrity, stability and efficiency. He also serves as a Co-Chair of SFM Japan Working Group, to advance investment practices that identify and value negative and positive externalities and efficiently allocate capital to create sustainable financial markets in Japan. Furthermore he is a member of CFA UK Social Impact Special Interest Group, CFA UK Membership Commmittee and Board of Director Training Institute of Japan.
Kazutaka has a Masters Degree in Environmental Policy and Regulation from the London School of Economics and Political Science.
Vanessa Cassano, International Project Manager
Vanessa provides support for CBI’s international projects, including the UN COP and the Green City Bonds project.
Most recently, Vanessa worked at CDP supporting their strategic growth in emerging markets, with a special focus on China, India and Latin America. Vanessa was also Senior Expert Advisor on the UNFCCC’s Clean Development Mechanism Policy Dialogue which produced the final report ‘Climate Change, Carbon Markets and the CDM: A Call to Action’.
Vanessa holds a BA in Management and Spanish and is a qualified Public Relations practitioner.
Rozalia Walencik, Communications Officer
Rozalia coordinate communications at Climate Bonds Initiative. She holds MA in Public Relations from University of Westminster and BA in Journalism and Mass Communications from Jagiellonian University in Cracow. She has also studied communication at the University of Tampere in Finland.
Rozalia has completed an internship in the British-Polish Chamber of Commerce and worked in the events industry before joining CBI in April 2014
Katie House, Researcher and Project Support Officer
Katie undertakes research and provides support for several of Climate Bonds Initiative’s projects, particularly the annual Bonds & Climate Change – State of the Market report.
Katie completed an MSc in Environmental Technology, specialising in Business and Environment, at Imperial College London before joining CBI in February 2015. She also has a BSc in Geography from the University of Bristol, which particularly focussed on climate change and environmental geography.
Kris DiPaola, Consultant
Kris supports the CBI team with fundraising, administrative and technology projects. She has worked in climate finance since 2007, when she helped to build and launch the P8 Group ("Pensions 8") with Environmental Capital Group and the Cambridge Programme for Industry (now the Cambridge Institute for Sustainability Leadership.) The P8 programme was distinguished as one of the Prince of Wales's charities under his Business and Environment Programme, and grew to include participation of executives from the world's leading 13 pensions and sovereign wealth funds, who collectively stewarded over $3 trillion. P8 participants met for a number of summits between 2007 and 2011 to develop actions relating to global issues and particularly climate change.
Kris has worked in online applications development and management since 1995. Prior to working with Environmental Capital Group, she was the Head of Online at WWF International (International Secretariat for the World Wildlife Fund) based in Geneva, Switzerland. Kris holds a B.A. from UC Berkeley.
Mark Fulton, Senior Fellow
At Climate Bonds Mark is focusing on green securitization issues. He has had 35 years experience in financial markets spanning three continent in London, New York and Sydney. As a recognized economist and market strategist at leading financial institutions including Citigroup , Salomon Bros and County Natwest, he has researched international economies, currencies, fixed income and equity markets. Mark has also held corporate strategy, finance and management roles.
Having a strong interest in the environment and sustainability, starting with a report on climate change and markets in 1991, Mark was head of research at DB Climate Change Advisors at Deutsche Bank from 2007 to 2012, where he produced thought leadership papers for investors on climate, cleaner energy and sustainability topics and advised investment teams in asset management.
Mark is currently a member of the Capital Markets Climate Initiative, UK Department of Energy and Climate Change. From 2010 to 2012 he was Co chair of the UNEP FI Climate Change Working Group and in 2011 and 2012 was part of the technical committee of the UN Secretary Generals Sustainable Energy for All.
Mark is also an advisor to the Carbon Tracker Initiative and Senior Fellow at Ceres. He has a BA in Philosophy & Economics from Oxford University.
Motoko Aizawa, Senior Fellow
Motoko advises on the development of the Climate Bond Standard. She is an internationally recognized expert on standard setting in the environmental, social and governance dimensions of sustainability. She is the former Head of the Policy and Standards Unit in the Environment and Social Development Department of the International Finance Corporation (IFC), World Bank Group.
Motoko also served as IFC's environmental and social development policy liaison with other World Bank Group institutions, governmental agencies, multilateral and bilateral financial institutions, export credit agencies, and private banks. In that role, she was instrumental in the development of the Equator Principles for international banks, and assisted the Chinese Ministry of Environmental Protection and the China Banking Regulatory Commission in the administration and implementation of the Green Credit Policy.
Today, Motoko is active as Managing Director USA in the Institute for Human Rights and Business, and focuses on the human rights dimensions of corporate activities, including the financial sector. She is also a Commissioner of the Washington DC Commission on Human Rights.
Stuart Clenaghan, Senior Fellow
Stuart's work at Climate Bonds focuses on bonds and forest protection measures. He is also principal at Eco System Services Limited.
Stuart spent 23 years at Lehman Brothers and UBS as a fixed income specialist. He has extensive experience in all aspects of the fixed income markets including origination, trading, and sales. At Lehman he was head of European money markets and medium-term notes, and then head of Eurobond trading. At UBS he co-headed European sales and, from 1998 to 2004, was responsible for fixed income e-commerce. Since leaving UBS,
Stuart has been an early-stage investor in sustainable forestry and environmental enterprises. His investments include the largest planted forest company in Uganda, a forest conservation private equity company, and a sustainable forestry management company in Peru.
Stuart is also a board member of Botanic Gardens Conservation International. He read Natural Sciences at the University of Cambridge and Industrial Sociology and Economics at Imperial College, London.
Manuel Adamini, Director, Advisory Services
Manuel is an expert in responsible investing. He has a deep understanding of climate change related investment risks and opportunities for institutional investors.
Having served as Head of Responsible Investing at Dutch EUR 55 bln asset manager ACTIAM, Manuel stepped down after seven years. He now supports the company as a Special Advisor for one day per week. While at ACTIAM, Manuel secured CIO approval to commit EUR 1 bln to green / climate bonds. In a very short period of time, Manuel brought his company international market credibility as a major climate bonds buyer and thought leader. He regularly speaks at high profile events, and has issued numerous publications on responsible investing in international and Dutch retail and institutional media.
Earlier in his career, Manuel had worked with Fortis, at the time a major international bank-assurance company. He had initiated and implemented a climate change strategy for carbon neutrality on a global scope, including business opportunities like carbon and green banking. This had led to inclusion in the Carbon Disclosure Project’s Climate Leadership Index.
Manuel is a German citizen living in the Netherlands. He holds an MSc in Economics / International Management from Maastricht University, and has also studied at Université de Montréal in Canada.
Dr Michael Molitor
Michael is a visiting professor at SciencesPo teaching in the International Energy program. During the two years 2011- 2012 he served as the Principal Advisor, Round Table on Sustainable Development at the OECD based in Paris. Prior to joining the OECD, Michael spent 12 years in the private sector working as an advisor to BP on the development of the company’s climate change strategy, as the Global Leader of Climate Change Services at PricewaterhouseCoopers, and as the Senior Advisor on Climate Change at McKinsey & Co. His clients have included Rio Tinto, BP, Toyota, Ford, and GE. He earned his undergraduate degree at the University of Michigan, a Masters Degree at the London School of Economics/Imperial College and a Ph.D. from the University of Cambridge.
M.Sc. (Econ.) CEFA. Kristian has 15 years of experience in financial consulting, carbon and clean energy finance and energy technologies. He was one of the original authors of the Voluntary Carbon Standard, the leading global non-compliance verification standard for emission reduction projects. He has worked for McKinsey & Co on the development of their climate change practice; and been Assistant Director at PricewaterhouseCoopers’ Energy Corporate Finance practice in London, where he was co-managing strategy and transaction services for PwC’s global climate change team in the Energy Corporate Finance group. Kristian has co-founded four ventures in the clean energy-carbon market nexus such as, e.g. UpEnergy, a company focused on the distribution of energy efficient household energy solutions and EOS Climate - a pioneering San Francisco-based refrigerant management company leveraging carbon markets to provide life-cycle management of refrigerants.
Dr Alex Rau
Alex has a decade of experience in carbon finance, emissions trading, and environmental commodities. He was previously part of the Climate Change Services team in PwC's Energy Corporate Finance practice in London, developing and structuring portfolios of carbon assets during the early stages of the Clean Development Mechanism market as well as designing Kyoto response strategies for multinational corporations. Alex has worked with numerous clients such as McKinsey & Company, Electricite de France and the California Public Employees Retirement System (CalPERS) on carbon-related issues. He also co-authored the original version of the Voluntary Carbon Standard, the most widely accepted trading standard for non-Kyoto carbon assets, and has published in journals ranging from Science to the Harvard Business Review. Alex has a Ph.D. in physics from Oxford University, a B.A. from Cornell University, and is a CFA charter holder.
Louis represents the Climate Bond Initiative in South East Asia.
He has worked in the climate change field since 2000 and in the financial services industry as an actuary for over 15 years, including as a partner for Deloitte. After being based in Hong Kong, heading Deloitte’s actuarial financial services practice in Asia, Louis worked in Deloitte’s renewable energy team in Australia and subsequently headed their environmental team in Paris. He then worked with EcoSecurities and Climate Change Capital in London and Paris for 4 years. Subsequently he participated in the establishment of a China/Asia private equity environmental fund in Hong Kong and Shanghai.
Following 3 years in Brussels representing EcoSecurities Consulting he is now based in Singapore where he oversees the Asian activities of Climatekos. Louis holds an MSc in Environmental Technology from Imperial College (London) and is a qualified actuary in France and the UK. Louis speaks fluent French and English and conversational Mandarin. Louis is a Senior Partner and acts as Chief Financial Officer of Climatekos.
Rob is providing his expertise on low-carbon standards and verification frameworks to develop Version 2.0 of the Climate Bond Standard as well as a range of Guidance Documents and the necessary internal processes for the Certification of Green / Climate Bonds.
Rob provides expert advisory services in green investments and carbon markets through his firm Essential Change Advisory Services. He has a particular focus on ensuring robust outcomes from these investments and interventions, and has been involved in low-carbon standards development since their earliest days.
Rob has over twelve years of experience in low-carbon and green investment, and a heritage of top-tier strategy consulting and finance with LEK Consulting, Booz & Company and smaller firms. He offers his clients a combination of deep insights into this emerging sector of green/low-carbon finance, and premium quality professional services. His clients have included major corporations, international banks, the UNFCCC, national and provincial governments, service providers, industry associations and non-profit organisations.
Rob is based in Australia, and during his professional career he has lived and worked in Melbourne, Sydney, Shanghai, Singapore, Abu Dhabi, Boston, Bangkok, East Kalimantan and country Victoria.
Kathy is a director of Green Innovation Invest, which provides advisory services on renewable energy investments and funding since October 2014.
From 2008 to 2013, Kathy worked as a Senior Institutional Portfolio Manager for Pioneer Investments. She managed a suite of global fixed-income pooled funds (EUR 480 mil), for a number of pension fund clients, and increased funds under management by over 260%.Kathy was also responsible for designing and executing asset optimization and liability driven solutions for pension fund clients and published an article in Euromoney, entitled ‘Restoring Solvency for pension schemes’.
From 2009 to 2012 she established a Global Institutional Portfolio Management Team, managing three other portfolio managers. This initiative resulted in increasing institutional assets under management by 92% (to approx. EUR 1bn) in 18 months, with clients in Asia, Latin America and Europe.
Prior to Pioneer, Kathy spent ten years in Investment banking, and has extensive experience in all aspects of fixed income sales and structuring. She was central to building fixed income business with institutional clients in German speaking Europe, Benelux, Holland as well as the UK and Nordic markets for JP Morgan, CIBC, Société Générale and Calyon.
Kathy holds an M.A. and B.Sc. in management from Trinity College Dublin.
Bridget Boulle, Manager - Market and data analytics (On leave)
Bridget has worked at the Climate Bonds initiative since January 2012 where she has worked on the 2012-2014 State of the Market reports as well as on green bonds market analytics, green securitization and other projects.
She has been working in sustainable investment for 6 years including at Henderson Global Investors in the SRI team where she was involved in the identification and analysis of sustainability issues with investment relevance for the SRI funds. Previously, Bridget worked at PIRC in London and at Kaiser Associates Economic Development Practice in South Africa where she gained experience advising institutional investors on environmental issues and in consulting on economic development projects.
Bridget holds a BSc Environmental Science and BCom Hons Economics from the University of Cape Town.
Climate Bonds Standard Technical Working Groups Experts:
Tanja Havemann, Lead Expert, Agriculture & Forestry Technical (AFOLU) Working Group
Tanja is the lead expert of the Agriculture & Forestry Technical (AFOLU) Working Group developing eligibility criteria for ALOFU related assets and projects that can be used to back Climate Bonds.
With over a decade of experience in the environmental finance sector, Tanja has worked with companies, Governmental, Non Governmental Organisations (NGOs) on investments, research, strategy development and advisory. Tanja established Clarmondial (previously BeyondCarbon) in Zurich in May 2010 to facilitate investments linked to improved natural resource use efficiency, including payments for environmental services (e.g. carbon finance), climate smart agriculture, renewable energy, and sustainable forestry. Tanja previously worked for Climate Change Capital (UK), and has carried out work for organisations including the UN Food and Agriculture Organisation (FAO), GIZ and BAPPENAS, the Indonesian Ministry responsible for planning, the East African Community (EAC) and the World Economic Forum (WEF).Tanja has an LLM in Environmental Law and Policy from University of Kent, and an MSc in Applied Environmental Economics (Imperial College London) and a BSc (Hons) in Tropical Environmental Science from University of Aberdeen.
John H. Matthews, Lead Expert, Water Infrastructure Technical (AFOLU) Working Group
John H. Matthews is the Secretariat Coordinator for the Alliance for Global Water Adaptation (AGWA), which is hosted by the Stockholm International Water Institute (SIWI) and the World Bank. His work integrates climate change adaptation policy and science into practical implementation for sustainable resource management, infrastructure operations, and economic development. John has worked on five continents and some 20 countries.
Current projects include coordinating the technical team for creating standards for water projects that are financed as so-called "green" or climate bonds, and acting as the lead editor for a 12-author publication designed to support the mainstreaming of climate adaptation into water management and planning due to publish in late 2015. He has authored or co-authored recent books, papers, and reports on decision-making frameworks for adapting water infrastructure and ecosystems to climate impacts, resilient approaches to environmental flows, integrating ecological and engineering approaches to robust water management, and using new economic tools to support long-term sustainable planning. He has an ongoing research program funded by the US Geological Survey, as well as a US NSF grant to merge ecological and engineering approaches to water management. He is a Water Fellow at Colorado State University. Previously, John directed the global WWF freshwater climate adaptation program for four years and the Freshwater Climate Change program at Conservation International for four years. He has PhD in ecology from the University of Texas. He lives in Corvallis, Oregon, where he enjoys trail running, timber framing, and finding wild mushrooms.
Gary Hoffman, Lead Expert, Low Carbon Transport Technical (AFOLU) Working Group
Gary is a transportation expert serving on the Climate Bonds Low Carbon Transport Committee, advising on the development of criteria for transportation-related climate bonds. His background is in the operation of transportation systems and the delivery of major transportation infrastructure programs and projects. He was the Director of Planning and Operations on the West Coast Route Modernisation (U.K.) and the National Recovery Program for Network Rail (U.K.), in addition to serving as the Chief Engineer for the New York City Transit system during its major reconstruction program in the 1980s. As a consultant with Parsons Brinckerhoff, he delivered strategic planning efforts for Amtrak (U.S.A.) and the freight rail system in Thailand.
As an independent consultant Gary now supports various efforts, which includes the Climate Bond Initiative and recently the development of standards for urban transport by the China Academy of Transportation Sciences.