EVENING WITH
OCTOBER 17, 2022 . JFK LIBRARY, BOSTON, MA
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Welcome Letter Dear Friends,
Thank you for joining us for Evening with Ceres. Whether you’ve been with us for years or are new to Ceres, we are so glad you are here. As an annual gathering, Evening with Ceres has always been a chance for our community to come together in celebration of our common mission to build a better world. We are particularly thrilled to be back in person for the first time in three years and in our home- town of Boston for the first time in five! The John F. Kennedy Presidential Library could not be a more fitting venue for this reunion. The world JFK faced had many parallels to our world today – perhaps most importantly that courageous leadership is at the forefront of protecting people and the planet, now and for generations to come. In JFK’s words, “It’s time for a new generation of leadership, to cope with new problems and new opportunities. For there is a new world to be won.” Tonight, we honor leaders and visionaries, applaud ambitious climate action, and raise our sights to a bold new future. I hope you enjoy our unique keynote conversation, the Bavaria Award presentation, and the opportunity to mix and mingle with sustainability advocates. On behalf of all of us at Ceres, I want to extend a special thank you to our generous host committee, sponsors, and supporters who help make this evening and our work possible. I hope many more of you will make a gift tonight to support our vital work.
It is a pleasure to raise a toast in celebration with you. May we part inspired, engaged, and fortified for the important work together ahead. Cheers, Susan Sayers Chief Development Officer
Evening with Ceres Program
6:00 pm
Private Museum Access and Cocktail Reception Welcome Kunle Apampa
7:00 pm
Dinner Introduction Keesa Schreane Joan Bavaria Award
Presenter Cheryl Smith / Awardee Napoleon Wallace
Keynote Conversation
Introduction Stephen J. Woerner Sarah Bloom Raskin Representative Jamie Raskin Meghna Chakrabarti
CEO Remarks Mindy Lubber
Sustain-A-Bid Keesa Schreane
9:00 pm
Dessert Reception
Indigenous People Land Acknowledgment Ceres would like to begin by acknowledging the Indigenous peoples of all the lands that we are on today, which we each call home. We do this to reaffirm our commitment and responsibility in improving relationships between nations and to improve our own understanding of local Indigenous peoples and their cultures .
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Featured Speakers Sarah Bloom Raskin , the former deputy secretary of the U.S. Department of the Treasury, is the Colin W. Brown Distinguished Professor of the Practice of Law at Duke University School of Law, faculty director of the Global Financial Markets Center, and a senior fellow in the Duke Center on Risk. She is a member of the Regenerative Crisis Response Committee, a group of leading experts
Representative Jamie Raskin proudly represents Maryland’s 8th Congressional District in the U.S. House of Representatives. The district includes Montgomery, Carroll, and Fred- erick Counties. Congressman Raskin was sworn into his third Term at the start of the 117th Congress on January 3, 2021. This is Rep. Raskin’s third term serving on the House Judiciary Committee, the Committee on Oversight and Reform,
in law, economics, and public policy focused on the use of fiscal, monetary, and regulatory policies in a climate-transitioned economy.
and the Committee on House Administration. This is his second term serving on the Rules Committee and the Coronavirus Select Subcommit- tee. He was also renamed Chair of the Oversight Subcommittee on Civil Rights and Civil Liberties and Chair of the Rules Subcommittee on Expedited Procedures for the 117th Congress. Prior to his time in Congress, Raskin was a three-term State Senator in Maryland, where he also served as the Senate Majority Whip. He earned a reputation for building coalitions in Annapolis to deliver a series of landmark legislative accomplishments. He was also a professor of con- stitutional law at American University’s Washington College of Law for more than 25 years. He authored several books, including the Washington Post best-seller Overruling Democracy: The Supreme Court versus the American People and the highly acclaimed We the Students: Supreme Court Cases For and About America’s Students , which has sold more than 50,000 copies. Congressman Raskin is a graduate of Harvard College and Harvard Law School.
From 2014 to 2017, Raskin was the second-in-command at the Treasury Department, where she was known for her pursuit of innovative solutions to enhance Americans’ shared prosperity, the resilience of the country’s critical financial infrastructure, and the defense of consumer safeguards in the financial marketplace. Earlier, Raskin was a governor of the Federal Reserve Board and a member of the Federal Open Market Committee, where she helped conduct the nation’s monetary policy and promote financial stability. She also served as commissioner of financial regulation for the State of Maryland from 2007 to 2010. Her private sector experi- ence includes having served as managing director at the Promontory Financial Group, general counsel of the WorldWide Retail Exchange, and at the law firms of Arnold and Porter and Mayer Brown. Earlier in her career she served as banking counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Raskin is a graduate of Harvard Law School.
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Featured Speakers Meghna Chakrabarti
Mindy Lubber is the CEO and President of the sustainability nonprofit Ceres. She has led Ceres since 2003, growing its powerful networks significantly in size and influence. As a global thought leader on climate change, she is frequently quoted in top business and financial news outlets and pens a regular column for Forbes.com. In 2020, Lubber was honored with the
serves as host and editor of On Point from NPR and WBUR. She is the former host of Radio Boston , WBUR’s acclaimed weekday local show, the former host of Modern Love: The Podcast , a collabora- tion of WBUR and The New York Times, and was the primary fill-in host for Here & Now , NPR and WBUR’s midday show. Before taking the helm at Radio Boston in 2010, she reported on New England transportation and energy issues for WBUR’s news department. On Point has been honored for best news documentary with the nation- al Gracie Award from Alliance for Women in Media (2022), a regional Edward R. Murrow award (2022) and a national Edward R. Murrow award (2021). Radio Boston has been frequently recognized for journalistic excellence, including a regional Edward R. Murrow award, best large market talk show award from the Associated Press of New England, and for three consecutive years, the national Public Radio News Directors Inc. (PRNDI) top prize for large market talk shows. The Asian American Journalists Association awarded Chakrabarti and her team the national ex- cellence in radio/audio award. She has won awards for individual reporting from both the Associated Press and the Radio Television News Directors Association. A former fellow at the Metcalf Institute for Environmental Reporting, Chakrabarti holds bachelor’s degrees in civil and environmental engineering from Oregon State University (summa cum laude), as well as a master’s degree in environmental science and risk management from Harvard University, and an MBA with honors from Boston University.
United Nations ’Champions of the Earth’ Entrepreneurial Vision award. She was named to Barron’s Magazine’s list of the 100 most influential women in U.S. finance in both 2020 and 2021. Lubber helped catalyze the business support to get the historic Paris Agreement across the finish line, leading Vogue Magazine to name her a “Climate Warrior” in 2015. She has also received the Climate Visionary Award from the Earth Day Network, William K. Reilly Award for Environmental Leadership from American University, and the Skoll Award for Social Entrepreneurship from the Skoll Foundation. Prior to Ceres, Lubber served as a Regional Administrator at the U.S. Environmental Protection Agency under former President Bill Clinton. She also founded Green Century Capital Management and served as the director of the Massachusetts Public Interest Research Group (MASSPIRG). She resides in Brookline, Mass., with her husband Norman Stein. She has two children, Abe and Jessie.
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Sponsor Speakers
Featured Speakers Keesa C. Schreane is author of Gambling on Green: Uncovering the Balance among Reve- nues, Reputations, and ESG (Environ- mental, Social, and Governance) (Wiley, September 2022) and Corporations Compassion Culture: Leading Your Business toward Diversity, Equity, and Inclusion (Wiley, 2021). She is Global Partner Director at London Stock Ex- change Group and a business strategist,
Cheryl Smith, Ph.D, CFA, (Trillium Asset Management ) is an Economist and Portfolio Manager at Trillium Asset Management. She leads the fixed income management process, is Lead Portfolio Manager on Trillium’s ESG Large Cap Core and ESG Growth and Income strategies, and a Portfolio Manager on Trillium’s ESG Core Equity strategy. Cheryl also serves as
co-manager of the Green Century Balanced Fund, for which Trillium is the sub-advisor. She began her investment management career at Trillium in 1987. In 1992 she joined Boston Trust & Investment Management Company (now known as Walden Asset Management) as Vice President and Portfolio Manager, before rejoining Trillium in the fall of 1997.
commentator, and speaker whose expertise includes ESG, risk analysis, sustainable finance, business development, and commercial strategy.
Kunle Apampa ( Capricorn Investment Group ) is the Director and Head of Client Advisory & Partnerships at Capricorn Investment Group. Prior to joining Capricorn, one of the largest mission aligned investment firms in the world, Kunle was Vice President and COO at Goldman Sachs Imprint, an ESG & Impact Investment vertical within the Alternative In-
Schreane is founder, executive producer, and host of London Stock Exchange Group’s Sustainable Growth Podcast . Recognized as an industry leader, the show discusses global ESG trends, regulations, and investment strategies with asset managers, asset owners, and c-suite sustainability and corporate officers. She is also a broadcast television and livestream contributor and writer, who has appeared on numerous outlets including Black Enterprise, Cheddar News, CNBC, CBS, Essence, and Latina. She serves on numerous boards and committees, including Ceres President’s Council. Schreane is a Fundamentals of Sustainability Accounting (FSA) credential holder and is a Certified Anti-Money Laundering Specialist (CAMS). She holds a B.A. from Salem College, an M.A. from New York University and received an Executive Education Certificate from The Wharton School of the University of Pennsylvania in Investment Strategies and Portfolio Management.
vestments & Manager Selection (AIMS) group at Goldman Sachs Asset Management. Kunle spent over a decade at Goldman Sachs, holding several leadership roles within the firm’s Global Markets division as well as the Finance division. Kunle is based in New York City.
Stephen J. Woerner ( National Grid ) is the President of National Grid New England. Stephen joined National Grid on 1 October 2021, bringing over 30 years of experience in the energy industry. As President of National Grid in New England, he leads over 6,000 employees and is responsible for gas and electric operations in Massachusetts, as well as LNG, HVDC, and Transmission in New England.
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Joan Bavaria Award Ceres and Trillium Asset Management congratulate the 2022 Joan Bavaria Award winner: Napoleon Wallace Napoleon Wallace is the Co-Founder of Activest, a fiscal justice research and investment advisory firm. He is also the Co-Founder of Partners in Equity NC, an investment fund focused on supporting owner- occupied commercial real estate for Black- and women-owned businesses. With more than 20 years of experience in finance and community economic development, Napoleon has led and supported numerous successful impact efforts within private, public, and nonprofit sectors. Most recently, Napoleon served as the Deputy Secretary of the North Carolina Department of Commerce. Over the course of his career, he has served as a Social Investment Officer at the Kresge Foundation, on the executive staff at Self-Help, as the turnaround CEO for two troubled CDFIs, and as an investment banker with Wells Fargo Capital Markets. Napoleon is a native of rural eastern North Carolina, the proud son of a teacher and a small-business owner..
About the Joan Bavaria Award Joan Bavaria was a pioneer of social investing, using her vision and passion to help catalyze change in the capital markets. She dedicated her life to exploring and developing all means of so- cial investing and to educating and motivating other investors. Among other endeavors, she founded Trillium Asset Management and Ceres. Her influence is still reflected by their efforts today. In 2008, Ceres and Trillium Asset Management created the Joan Bavaria Award. The award is presented annually to recognize a unique investor or NGO leader who is working to transform the capital markets into a system that balances economic prosperity with social and environmental concerns.
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Evening with Ceres Host Committee
Doug and Marcia Bateson Steven Berkenfeld Loren Blackford Michael and Caryn Bradley Laurie Burt Peter and Abby Coffin Bill Davis Tony Davis Nancy Floyd Gail and Roy Greenwald Steven Hoch Catherine and Tom Hughes Dave and Susan Leathers Mindy Lubber and Norman Stein Dick Marks and Jenny Morrison Rose McKinney-James Peter Miscovich Susan Nickey Bob and Tamsin Rachofsky Tedd and Ella Saunders
Barney Schauble Keesa Schreane Eleanor Mulvaney Seamans and Richard Seamans Adrienne Shishko and Joel Sklar
Adele Simmons Debbie Simpson Sandra Urie and Frank Herron Silda Wall Spitzer
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Our Impact
Ceres has helped pass 23 clean energy, energy efficiency & transportation policies in 17 states across the nation. The Ceres Accelerator for Sustainable Capital Markets has engaged with 90 federal agencies to identify and manage climate risk as a systemic financial risk. So far, these agencies have taken 230 actions. Ceres AgWater Challenge has secured commitments from 11 major food and ag companies to protect freshwater in their supply chains. These commitments will help protect 1.2 million acres of farmland over the next decade. This year, Climate Action 100+ grew to 716 investor signatories with a cumulative $104 trillion AUM.
The 2022 proxy season finished with a record-breaking 110 climate-related commitments resulting from 236 climate-related resolutions filed at North American companies, tracked by Ceres. Ceres has brought more than 330 investors and companies to Washington, DC to meet with lawmakers from both sides of the aisle to advocate for national climate policy through our annual Lawmaker Education and Advocacy Day (LEAD). Among Ceres Company Network members, 59% set reduction targets for their impacts on water and natural resources and 80% implemented human rights policies for their workforce in FY21.
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About Ceres Our Mission
Our Networks Through our powerful networks and global collaborations of investors, companies and nonprofits, we drive action and inspire equitable mar- ket-based and policy solutions throughout the economy to build a just and sustainable future. Ceres Company Network includes 55+ corporations, 70% of which are among Fortune 500, committed to driving sustainable business leadership by taking action to stabilize the climate, protect water and natural resources. We work with companies to integrate sustainability into corporate decision-making, challenge traditional business practices and collaborate towards systems-level change. Ceres Investor Network includes 220+ institutional investors with more than $60 trillion in assets under management working to advance leading investment practices, corporate engagement strategies, and key policy and regulatory solutions. Ceres advances investor action and policy advocacy through a number of key climate initiatives including Climate Action 100+, The Investor Agenda, Net Zero Asset Managers Initiative, and Paris Aligned Investment initiative. Ceres Policy Network (BICEP ) includes 75+ companies, including dozens of leading consumer brands and Fortune 500s, advocating for strong climate, clean energy and water policies at the state, federal and global levels. Ceres also helps to advance corporate action and policy advocacy as a founding partner of the We Mean Business and America Is All In coalitions.
Ceres is transforming the economy to build a just and sustainable future for people and the planet. Our Challenge We work with the most influential capital market leaders to solve the world’s greatest sustainability challenges including advancing climate solutions, protecting global water resources, building a just and inclusive economy, and accelerating sustainable capital markets. Our Theory of Change The scale of the problems require innovation, investment and economic change at a global level. At Ceres, we make the financial business case for sustainability to the largest, most influential investors, companies, policymakers and regulators.
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Support Ceres
Tonight for Evening with Ceres, an anonymous donor is matching all donations up to $100,000.
With your support Ceres leverages the most influential capital market leaders to create just climate solutions, protect water and natural resources, and accelerate sustainable capital markets. Give today for an outsized impact.
Ways to give:
• Visit ceres.org/future or scan the QR code (right) • Send a check to PO Box 843046, Boston, MA 02284-3046 • Email Melita Seibel at mseibel@ceres.org
Gifts of $1,000 or more provide membership in our Ceres 1000 leadership donor community.
For information about sponsoring Ceres events, please contact Sondra Traister at straister@ceres.org.
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Thank You to our Sponsors
Presenting Sponsor
Networking Reception Sponsor
Scholarship Sponsor
Sustainability Sponsor
Catalyst Sponsors
Advocate Sponsors
R
Media Sponsor
Bavaria Award Sponsor
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Ceres Global
March 22 - 24, 2023 | Marriott Marquis Times Square | NYC
500+ Attendees
80+ Speakers
When Ceres Global (formerly known as the Ceres Conference) stakeholders of investors, companies and capital market influencers come together they can drive solutions and take action to address the world’s most pressing sustainability issues. Wednesday, March 22, 2023 Ceres Network Member Day for members of Ceres Investor Network, Company Network and Policy Network (BICEP) to deepen their relation- ships, discuss respective network challenges and concerns, discuss their shared priorities, and set course to take collective action. Thursday, March 23, 2023 Focus on creating greater Impact in the world of sustainability by achieving more just and inclusive economies, adopting policies that will build a better future for the planet, valuing water, and reaching 2030 sustainability goals across multiple sectors. Friday, March 24, 2023 Discussion centers on the work that is being done to harness the power of financial systems, inclusive of private sector leaders, investors and large banks, and strategies to accelerate the decarbonization of the economy.
70% Director-Level and above
2.5+ Days of Learning and Networking
Ceres Global Themes • Just and Inclusive Economies
• Decarbonizing High Emitting Sectors • Sustainable Finance and ESG Investment
• Climate Policy • Valuing Water
Registration is now open! Visit ceres.org/global
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Ceres 1000 Leadership Circle
Your leadership support makes a difference. Please join the Ceres 1000 community. Your presence at Evening with Ceres demonstrates your commitment to building a sustainable global economy and a healthy planet. Now we invite you to take the next step in support of our shared mission by making a gift to Ceres of $1,000 or more.
Special Thanks to the Ceres 1000 Leadership Circle
Anonymous Deborah and John Baldwin Anita and Josh Bekenstein Loren Blackford and Michael Dubno
The Grantham Foundation Gail and Roy Greenwald Klipper Family Fund, a donor-advised fund administered by the Open Space Institute David and Susan Leathers The McCance Foundation The Rands Foundation Martha Records and Richard Rainaldi Peter and Peggy Rosenblum
The Schauble Family Foundation Seiger Family Donor Advised Fund Sharpe Family Foundation Sobecki Family Foundation Christine Stiefel The Timken Matthews Family Foundation Ion Yadigaroglu and Inma Barrero Ana Zacapa and Marcelo Camberos
Branson Family Foundation Stuart and Joanna Brown
Laurie Burt Tony Davis Fund for the Future at the Rockefeller Family Fund Lise Strickler and Mark Gallogly
For more information, please contact Barbara Seymour, seymour@ceres.org or 617-247-0700, ext. 152
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Board and President’s Council
Ceres Board of Directors Georges Benjamin Bill Davis Tony Davis Thomas DiNapoli Veronica Eady Michael Frerichs Marcie Frost Michel Gelobter Alisa Gravitz, Treasurer Kirsty Jenkinson Brad Lander Bob Litterman Mindy Lubber Bertrand Millot Janet Ranganathan, Vice Chair Peter Rosenblum Tedd Saunders
Ceres President’s Council Doug Bateson Steven Berkenfeld Loren Blackford Michael J. Bradley
Keesa Schreane Adele Simmons Silda Wall Spitzer Nicole Systrom Holt Thrasher Sandra Urie Bill Weihl
Laurie Burt Peter Coffin Bill Davis, Chair Rick Eno Nancy Floyd Carolyn Green Jonathan Halperin
Leah Wood Ana Zacapa
Brett Hauser Steven Hoch Catherine McVay Hughes Amir Kirkwood Dave Leathers Rose McKinney-James Peter Miscovich Susan Nickey Robert Rachofsky Eric Redman Bahiyah Yasmeen Robinson
Barney Schauble, Chair Alicia Seiger, Secretary Anne Simpson Vien Truong Ion Yadigaroglu Betty Yee
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Funding the Next Generation of Climate Technology Bay Bridge Ventures is a diverse-owned and managed institutional investment firm ‘Purpose-Built from the Ground Up’ with a focus on accelerating sustainable climate change through the funding of innovative, scalable and impactful technologies. Proven Investment Track Record of 7 Exits and 8 Unicorns Previous Investments:
Our practical 10-year action plan presents a bold vision for sustainable business leadership to help companies move from commitment to impact.
Creating a sustainable, accessible and scalable mode of high-speed, regional transportation for people and goods. Offering homeowners innovative, affordable loans using best-in-class technology to simplify and streamline homeowner finance. An entirely new category of shoes inspired by natural materials, and an ongoing mantra to create better things in a better way.
Exit/IPO
Exit/IPO
Exit/IPO
Andrew Karsh General Partner Previous Firms: CalPERS Credit Suisse Alternative Investments
Joe Blair General Partner Previous Firms: Cota Capital Obvious Ventures
Kim Kolt General Partner Previous Firms: For Good Ventures Goldman Sachs
roadmap2030.ceres.org
www. baybridgevc .com
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WE ARE PROUD TO SUPPORT CERES Congratulations to Ceres for your accomplishments over the past 30 years! Your organization has advanced the vision of a thriving global society driven by the flow of capital to sustainable businesses. Our ability to deliver sustainable investment solutions to our clients is greatly empowered by your work. Thank you for your contributions to creating a better future.
Working to advance a healthier, more sustainable and equitable world In 2020, Biogen launched a bold 20-year, $250 million initiative to address the deeply interrelated issues of climate, health and equity. Healthy Climate, Healthy Lives™ aims to eliminate fossil fuels across the company’s operations, build collaborations with renowned institutions to advance the science to improve human health outcomes, and support underserved communities.
www.brownadvisory.com
biogen.com/hchl
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Investing in a better world We are proud to support Ceres in building a sustainable future for people and the planet.
© 2022 Franklin Distributors, LLC. Member FINRA/SIPC. All rights reserved.
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EVERY INVESTMENT SHOULD IMPROVE OUR CLIMATE FUTURE.
With every action and every dollar invested, we embody the purpose of doing well by doing good for people and the planet. That’s what it means to be 100% focused on investing in climate solutions. And thanks to our employees, clients, investors, and partners, we are proud to stand at the forefront of the transition to a clean energy economy.
Learn more at hannonarmstrong.com
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Forward-Looking Fixed Income Investing
Breckinridge Capital Advisors has been a proud supporter of the Ceres Investor Network since 2012. At Breckinridge, we believe there is a powerful investment case for sustainability. With over a decade of experience integrating ESG analysis into our investment process, it is more than just a product offering for us; rather, it is an investment philosophy that aligns with our tradition of in-depth research and our long-term perspective.
www.breckinridge.com
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How will we solve the most urgent global challenges? Together. For over two decades, we have sought to deliver enhanced, risk-adjusted returns through sustainable investing. We're proud to offer our Outsourced Chief Investment Officer solution: a partnership for investors to catalyze global change.
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