Boston Carbon Risk Forum 2014

Thank you to everyone who joined us! View speaker presentations below, or click on the above tabs to view agenda, resources, and speaker biographies.

All presentations and Briefing Book materials, as well as information about the attendees and our sponsors, are below.

See full agenda here

Presentations and Briefing Book


Mark Campanale, Carbon Tracker Initiative
Mark Lewis, Kepler Cheuvreux


Energy Transition and Climate Change, Mark C. Lewis, Kepler-Cheuvreux, September 15th, 2014. Read more.

Mark Campanale, Carbon Tracker Initiative  – Mark Campanale is the Founder of the Carbon Tracker Initiative and conceived the ‘unburnable carbon’ thesis. He commissioned and was editor of ‘Unburnable Carbon, are markets carrying a carbon bubble’ report. Mark is responsible for management strategy, board matters and developing our capital markets framework analysis. Prior to forming Carbon Tracker, Mark had twenty five years’ experience in sustainable financial markets. Mark is a co-founder of some of the first responsible investment fund at Jupiter Asset Management in 1989, NPI, AMP Capital, and Henderson Global Investors. Mark served on the World Business Council for Sustainable Development working group on capital markets leading up to the 1992 Earth Summit; was a Member of the Steering Committee of UNEP Financial Sector Initiative (1999-2003), and continues to advise a number of investment funds including Armstrong Energy. Mark was a Founder Director of the UK Sustainable and Responsible Investment Forum (UKSIF), 1990-2006, is a member of the Advisory Council of SASB (Sustainable Accounting Standards Board) and and the UNEP-WRI working group on greenhouse gas emissions and the financial sector. He is the Treasurer of The Rainforest Foundation UK. Mark has a BA in Politics & Economic History and an M.Sc in Agricultural Economics.

Mark Lewis, Kepler Cheuvreux – Mark is Senior Sustainability  Analyst  and Coordinator of Energy Transition & Climate Change research at Kepler-Cheuvreux. In this role he focuses on the overlaps between energy markets and climate, and the transition towards a more sustainable global energy system. Prior to joining Kepler-Cheuvreux, Mark was a Managing Director in Commodities Research at Deutsche Bank, where he was Global Head of Energy Research. His research on EU energy markets was ranked Number 1 by Energy Risk magazine in its 2011, 2010, 2009 and 2008 surveys. Mark has 17 years’ experience as a financial analyst covering European and global energy markets, and worked earlier in his career as an academic at London University. His research on energy markets has frequently been cited in leading publications such as the Financial Times, The Economist, The Guardian, and The New York Times, and since leaving Deutsche Bank last October he has had a couple of op-ed pieces on oil markets published in the Financial Times. Mark is a British Citizen and holds a BA (First-Class Hons) in Modern Languages and Economics from Sheffield University, an MPhil from Cambridge University, and an MA from London University.


Stuart Braman, Fossil Free Indexes
John Fisher, Bloomberg LP
Leslie Samuelrich, Green Century Funds


Stuart Braman, Fossil Free Indexes – Stuart Braman is the Founder and CEO of Fossil Free Indexes. Working as an Adjunct Associate Research Scientist at Columbia University’s Lamont-Doherty Earth Observatory on climate change adaptation, arsenic in drinking water and water conservation issue, he heard Bill McKibben speak in November 2012 about fossil fuel divestment. As index investors, he and his wife went home to find some fossil free indexes to invest in. Two months later they were still looking and Fossil Free Indexes was born. Stuart’s financial services career spans 24+ years at Standard & Poor’s, DRI/McGraw-Hill and Mediant Communications. With assignments primarily in marketing, new product development, business development and strategic partnerships, Stuart retired from Standard & Poor’s as a Managing Director in the Risk Solutions Group. In his most recent financial services position with Mediant Communications he served as the Director of Investment Company Services. Stuart earned his bachelor’s degree from the University of Chicago and his M.A. and Ph.D. degrees in Geography (now Earth and Environmental Sciences) from Columbia University.

John Fisher, Bloomberg LP – John Fisher, CFA is a 16 year veteran and Specialist at   Bloomberg focused on the needs of analysts to uncover and vet  stock ideas.  He publishes quantitative research modeling factors that have historically generated excess returns and brings insight into how savvy managers are finding ideas using real-time news feeds and analytics to harvest the most promising prospects.

Bevis Longstreth, Corporate Finance Lawyer and Professor – Bevis Longstreth is a retired partner of the New York-based law firm, Debevoise & Plimpton. He was twice appointed by President Reagan as Commissioner of the Securities and Exchange Commission, where he served from 1981 to 1984. For several years following retirement, he taught financial market regulation at Columbia Law School. Among many writings on financial matters, in 1986 he wrote Modern Portfolio Management and the Prudent Man Rule (Oxford University Press), which led to the American Law Institute’s revision of the law of prudence for fiduciaries managing money.  He has served extended terms as director of various investment firms, such as College Retirement Equities Fund, GMO and AMVESCAP and is currently serving as trustee for several tax-exempt entities.

Leslie Samuelrich, Green Century Funds  – Leslie Samuelrich is the President of Green Century Capital Management, assessing the Funds’ investment strategies and managers and overseeing Green Century’s sales, marketing and shareholder advocacy programs. Prior to joining Green Century, Ms. Samuelrich served as the Chief of Staff at Corporate Accountability International and Executive Director of Green Corps. Leslie serves on the Advisory Board for the Business Ethics Network and holds a bachelor’s degree in economics from Boston College.

Joseph A. Curtatone, First elected in November of 2003, began his historic sixth term as Mayor of Somerville on January 2, 2014. He had previously served for eight years as an Alderman at Large.

Thirty-eight years old at the time of his first election, Curtatone is the second youngest Mayor in Somerville history.  A 1984 graduate of Somerville High School, he earned his B.A. from Boston College in 1990, a J.D. from New England School of Law in 1994, and a Mid-Career Masters in Public Administration from the Harvard Kennedy School in 2011.  Prior to his election as Mayor, he served as an attorney in private practice and a volunteer assistant football coach at Somerville High School.  As a member of the Board of Aldermen, Curtatone took the lead on a number of major legislative initiatives, including successful efforts to stem gang violence, eliminate graffiti, prevent drug abuse among teenagers, and promote clean and energy-efficient buildings.

As Mayor, he has successfully implemented a wide range of reforms and new programs that have earned Somerville many distinctions by regional and national organizations, including the designation by Boston Globe Magazine as “the best-run city in Massachusetts,” by America’s Promise Alliance as one of the “100 Best Communities for Youth,” and a winner of the 2009 “All America City” award.

Mayor Curtatone established a policy advisory commission headed by former Attorney Scott Harshbarger to develop a comprehensive reform agenda for the Somerville Police, including the decision to remove the position of Police Chief from civil service. He created Neighborhood Impact Teams that combine fire, health and building inspectors – along with representatives of the Council on Aging and the city’s environmental office – in a coordinated effort to monitor and improve the health, safety and appearance of Somerville’s businesses and residential neighborhoods. After inheriting a government in fiscal crisis, he has stabilized city finances and begun a restoration of lost city services and personnel cuts that occurred before he took office – and he led a successful effort to end years of delay in the development of Assembly Square as a transit-oriented, mixed use, Smart Growth project on the banks of the Mystic River.

Delegations from other Massachusetts communities – and from cities as far away as Ireland and Korea – regularly visit Somerville for briefings on the city’s SomerStat program, a data-driven performance management system modeled on Baltimore’s CitiSTAT initiative. In 2006, Somerville became the first city in America to offer both a 311 constituent service center and Connect CTY mass notification technology. By calling 311 from any phone in the city, Somerville residents and businesses can now access information and services from any city department and can track progress on service requests through a publicly accessible work-order system. Under his leadership, Somerville has also earned national recognition for its successful joint effort with Tufts University to implement “Shape Up Somerville,” an effective program to reduce the incidence of childhood obesity among the city’s elementary school children, which was lauded by First Lady Michelle Obama during the launch of her “Let’s Move” initiative. His success in Somerville has earned him the presidency of the Massachusetts Mayor’s Association, a position on the Board of Directors for the National League of Cities, and as a member of the Metropolitan Mayors Association.

Mayor Curtatone lives with his wife Nancy and his sons Cosmo, Joseph, Patrick and James in the Ten Hills neighborhood.


Thomas Kuh, MSCI
Liz Michaels, Aperio Group


Thomas Kuh, MSCI – Thomas Kuh is Executive Director for ESG Indexes at MSCI Inc. Prior to his current role at MSCI Inc., he was Head of ESG Indices at RiskMetrics Group, which was acquired by MSCI Inc. in June 2010. Dr. Kuh joined RiskMetrics in November 2009 through the acquisition of KLD Research & Analytics. During his 17-year career at KLD, Dr. Kuh held a number of positions, progressing from Research Analyst to Business Development Director and finally Managing Director of KLD Indexes. Prior to KLD, he was a Professor of Economics at Simmons College and a Teaching Fellow at Harvard University. Dr. Kuh received his MA and PhD in Economics from the University of Massachusetts at Amherst.

Liz Michaels, Aperio Group – Liz Michaels is Aperio Group’s Chief of Staff and Director of ESG/SRI. Prior to joining Aperio Group, Liz was responsible for the $11 billion defined contribution managed accounts business at Ibbotson Associates, a wholly-owned subsidiary of Morningstar, Inc. Earlier in her career, Liz was the Chief Operating Officer of Morningstar, Inc. and served on the company’s executive committee. Liz was also the President of Jellyvision, Inc., an interactive firm best known for its game, You Don’t Know Jack™ and Associate Dean/Director of the Career Advising and Planning Services office at the University of Chicago. Liz has a BA in Economics and an MBA from the University of Chicago.


Donald P. Gould, Pitzer College Board of Trustees


Donald P. Gould, Pitzer College Board of Trustees – Don Gould is the founder, president and chief investment officer of Gould Asset Management of Claremont, California, which manages more than $450 million for individuals, families and nonprofits. He brings a broad understanding of both the business and the practice of financial asset management, gained over three decades of industry experience. Don is a trustee and chair of the investment committee at Pitzer College in Claremont.  In 2014 he led a college-wide climate action working group that crafted an ambitious multipronged plan to address climate change. Accepting the recommendations of the working group, in April 2014, Pitzer announced its intention to divest its $125 million endowment of substantially all fossil fuel stocks by year-end. Don holds a BA in economics from Pomona College and an MBA from Harvard Business School. He is a visiting lecturer in portfolio management at Claremont McKenna College, and previously taught at the Peter F. Drucker and Masatoshi Ito Graduate School of Management at the Claremont Graduate University. He is a former president the Pomona College Alumni Association and has served on numerous non-profit boards.

Eric Becker, Sterling College Board of Trustees – Eric is chief investment officer at Clean Yield Asset Management in Norwich, Vermont. He has been engaged in social and environmental investing since 1993. He joined Clean Yield in 2009 after 16 years as an equity analyst and portfolio manager for Trillium Asset Management in Boston. Eric is a founding member of the Slow Money Alliance, and until 2013 served as a founding board member of The Carrot Project, a sustainable agriculture finance organization. He is a Trustee of Sterling College in Craftsbury Common, Vermont, which focuses on environmental stewardship and sustainable agriculture. He is also senior fellow of the Environmental Leadership Program. Eric holds a B.A. in Comparative Religion from Haverford College and earned the Chartered Financial Analyst designation from the CFA Institute.

Dan Curran, President of the University of Dayton – Dr. Daniel J. Curran has served as the University of Dayton’s 18th president and first lay leader for the past decade. He is guiding the Catholic, Marianist university through transformational times and presiding over an era of remarkable growth. During his tenure, the University of Dayton earned recognition as a top-tier research university. By almost every measure — from enrollment to research dollars to rankings — the University has grown in stature. Major land acquisitions since 2005 have nearly doubled the size of campus, which now spans both sides of the Great Miami River. The pace of change has been among the most rapid and substantial seen at any American university. Dr. Curran earned a Ph.D. from the University of Delaware in 1980 after receiving a master’s degree from Temple University in 1978 and a bachelor’s degree from Saint Joseph’s University in 1973 — all in sociology. He’s a noted scholar in criminology, juvenile justice and social problems, with a deep interest in international issues.


Reinvestment Possibilities – Ken Locklin, IMPAXKarina Funk, Brown Advisory


Shelley Alpern, Director, Social Research & Shareholder Advocacy, Clean Yield
Craig Altemose, Executive Director, Better Future Project
Jim Antal, Conference Minister and President, Massachusetts Conference, United Church of Christ
Rebecca Bar, Coordinator, Investor Program, Ceres
Edward Bean, Finance Director, City of Somerville, MA
Eric Becker, Chief Investment Officer, Clean Yield Asset Management
James Bennet, Deputy Chief Investment Officer, MainePERS
Shoshana Blank, Senior Research Fellow, The Sustainable Endowments Institute
Stuart Braman, Founder and CEO, Fossil Free Indexes
Dylan Brix, ESG Analyst, Sustainability Group at Loring, Wolcott & Coolidge
Will Brownsberger, State Senator, MA Senate
Nick Buonvicino, Student, Merrimack College
Chris Burns, Deputy Executive Director, Cambridge Retirement System
Ben Caldecott, Programme Director, Smith School, University of Oxford
Mark Campanale, Director & Founder, Carbon Tracker, London
Jay Carmona, Community Divestment Campaign Manager,
Michael Carter, Chief Administrative Officer, City of New Haven, CT
Leland Cheung, Councilor, Cambridge, MA
Jim Coburn, Senior Manager, Ceres
Gary Cohen, President, Health Care Without Harm
Anthony Cortese, Principal, Intentional Endowments Network
Daniel Curran, President, University of Dayton, Ohio
Joseph A. Curtatone, Mayor, City of Somerville, MA
Mark Dailey, Deputy Chief of Staff for Senate Majority Leader Stan Rosenberg, Massachusetts Senate
Stu Dalheim, VP, Shareholder Advocacy, Calvert Investments
Chris Davis, Director of Investor Programs, Ceres
Marjorie Decker, State Representative, Cambridge, MA
Rosamond Delori, Board Chair, World Learning
Sheila Dormody, Acting Policy Director/Sustainability Director, City of Providence, RI
Van Du, Special Assistant/Sustainability Adviser, City of Boston – Environment, Energy, and Open Space
Darcy DuMont, Advocate, 350MA
Jameson Dunn, Student, Merrimack College Financial Group
Paul Ellis, Sustainable Investment Consultant, Beacon, NY/Paul Ellis Consulting
Austin Faison, Director of Operations/Parking Clerk, City of Somerville, MA
Topher Fearey, Business Development, Brown Advisory
John Fisher, Bloomberg LP
Michael Flaherty, Mayor, At-Large Counciler, City of Boston, MA
Brett Fleishman, Senior Analyst,
Emily Flynn, Associate Director, Sustainable Endowments Institute
Jean Foster, Environmental Action Team Chair, Cambridge, MA
Tom Francis, Director, Oil & Gas Research, Fossil Free Indexes, LLC
Sidni Frederick, Co-Coordinator, Divest Harvard
Karina Funk, Co-Portfolio Manager, Brown Advisory
Thomas Gainey, Vice President, Pax World
Eli Gerzon, State Divestment Organizer, Better Future Project
Donald Gould, President, Gould Asset Management LLC
Bradford Goz, Director, Fossil Free Indexes
Vanessa Green, Campaign Director, Divest-Invest Individual
Shannon Gurek, Vice President, Finance and Administration, Mt. Holyoke College
Gilda Gussin, Consultant, Change Producers
Bob Helmuth, Senior VP – Stakeholder Relations, Pax World Investments LLC
Spencer Hendersen, Client Service Representative & Research Associate, Aequitas Investment Advisors LLC
Kathryn Hoffman, Director, Berkeley/ California Student Sustainability Coalition
Wendy Holding, Trustee, The Sustainability Group
Robert Hooper, Trustee, State of Vermont VPIC
James Irwin, Senior Associate, Mayors Innovation Project
Jenny Isler, Director of Sustainability, Clark University
Christine Jantz, President & Portfolio Manager, Boston, MA
Brad Johnson, Reporter, New Republic
Brett Juliano, ESG Research, MSCI
Emily Kirkland, Communications Coordinator, Better Future Project
Emily Koo, Deputy Director of Policy, City of Providence, RI
Thomas Kuh, PhD, Executive Director, MSCI ESG Indexes
Laura Kunkemueller, Investment Consultant, Mercer
Natasha Lamb, Director, Equity Research & Shareholder Engagement, Arjuna Capital
Alex Lamb, Senior Consultant, EY
Stephanie Leighton, Partner & Portfolio Manager, Trillium Asset Management
Mark Lewis, Senior Analyst, Kepler-Cheuvreux
Jason Lewis, State Senate, Middlesex, MA
Kenneth Locklin, Senior Portfolio Advisor, Impax
Bevis Longstreth, Former Commissioner, SEC, New York City
Tim MacDonald, Senior Fellow, Capital Institute
James Maguire, Director, Grants Management & Accounting, Merck Family Fund
Robert Massie, Advisor,
Jessica Matthews, Managing Director, Cambridge Associates
Chloe Maxmin, Student, Divest Harvard
Michael McDonald, Reporter, Bloomberg News
Michael McGinn, Former Mayor, Seattle, WA
Robert Melton, Vice President, MSCI
Liz Michaels, Director, ESG/SRI; Chief of Staff, Aperio Group
James Michel, Trustee, First Church in Jamaica Plain
Aaron Michlewitz, State Representative, House of Representatives
Amy Miller, City and State Divestment Campaigner,
Andy Mims, Trustee, Boston/The Sustainability Group
James Monagle, City Auditor, City of Cambridge, MA
Richard Mott, Environment Director, Wallace Global Fund
Nelson Murphy, Director, Investor Development, United Church Funds
Jaclyn Olsen, Assistant Director, Harvard University Office for Sustainability
Mark Orlowski, Executive Director, Sustainable Endowments Institute
Mark Peters, Principal, Federal Street Advisors
Mark Quercio, Investment Professional, NorthPointe Wealth Management
Susan Redlich, Divestment Team Member,
Kelly Regan, Investment Consultant, NEPC
Satya Rhodes-Conway, Managing Director, Mayors Innovation Project
Dave Rogers, State Representative, Massachusetts House of Representatives
Leslie Samuelrich, President, Green Century Capital Management
Charles Sandmel, Portfolio Manager, First Affirmative Financial Network
Sam Sutter, District Attorney, Bristol County, MA
Andrew Thompson, Client Relationship Manager, Boston Common Asset Management
Leah Turino, Environmental, Social, and Governance (ESG) Associate, Boston Common Asset Management
David Unger, Journalist, The Christian Science Monitor
Austin Williams, Environmental Caucus Chair, College Democrats of Massachusetts
Emily Williams, Communications Intern, Better Future Project
Candace Williams, Legislative Aide to Senator Michael Barrett, MA State Senate
Canyon Woodward, Student Coordinator, Divest Harvard
Michelle Wu, City Councilor At-Large, City of Boston, MA
Seth Yurdin, Majority Leader, Providence City Council
Giovanni Zinn, Project Manager, City of New Haven, CT
Andrew Zucker, Senior Research Scientist, Concord MA / The Concord Consortium