gssbsecretariat@globalreporting.org

Item 03 – GRI Sector Standard
Project for Financial Services –Proposed members for CapitalMarkets Technical Committee
For GSSB approval
Date6 July 2023

Meeting20 July 2023

ProjectSector Standard Project for Financial Services

Description

The Global Sustainability Standards Board (GSSB) has identified the GRI Sector
Standards for Financial Services as a priority project. The proposal was approvedin the GSSB meeting of February 2023. This paper presents the list of nominatedmembers of the capital markets technical committee for information and approvalby the GSSB.

This document has been prepared by the GRI Standards Division and is made available to observers
at meetings of the Global Sustainability Standards Board (GSSB). It does not represent an officialposition of the GSSB. Board positions are set out in the GRI Sustainability Reporting Standards. TheGSSB is the independent standard setting body of GRI. For more information visit
www.globalreporting.org.

© GRI 2023

Contents
1.

Background ...................................................................................................................................... 3

2.

Selection process and criteria .......................................................................................................... 33.

Proposed capital markets technical committee composition ........................................................... 5Page 2 of 91

1. Background2

The GSSB approved the project proposal for the GRI Sector Standard Project for Financial Services

3

in its meeting on 16 February 2023. This project will see the development of three Sector Standards:

4banking, insurance, and capital markets. In line with the GSSB’s Due Process Protocol, the GSSB

5

confirmed its intention to form three multi-stakeholder technical committees to provide technical6

advice for developing the Sector Standards for banking, insurance, and capital markets. The three

7

technical committees will benefit from one another through the cross-sector exchange that will take8

place at various points throughout the project.

9

The GRI Standards Division prepared the Terms of Reference for the technical committees and

10provided these to the GSSB with the project proposal in February 2023.

11

This document presents the proposed capital markets technical committee composition for

12

information and approval by the GSSB. All the nominated members have confirmed their availability

13and interest in participating in the technical committee.

14

2. Selection process and criteria

15

In line with the due process protocol, technical committee (TC) members are appointed by the GSSB

16and should reflect a balance of multi-stakeholder constituencies. The TC will aim to have at least one

17

person drawn from each constituency on which the membership of the GSSB is based: business18

enterprise, civil society, investment institution, labor, and mediating institution.

19

The principal criteria for selecting TC members are relevant knowledge and experience relating to the20banking sector and its role in sustainable development. In addition, the Standards Division will also

21

consider the following:

22•

Adequate knowledge of all parts of the capital markets sector

23•Expertise in sustainability reporting in the capital markets sector

24•

Expert knowledge of the impacts of the capital markets sector: economic, environmental, and25
26

socialThe proposed TC membership includes 13 members across the following constituencies:

27•

Business enterprise: six candidates

28•

Civil society: one candidate

29•

Investment institutions: two candidates

30•

Mediating institutions: three candidates

31•

Labor: one candidate

Page 3 of 932

Geographical distribution of membership, gender, and cultural diversity are also considerations. The

33

proposed TC composition has representation from the North American, European, African, Asian, and34

Latin American regions.

35

In line with the due process protocol, the technical committee will report to the GSSB and seek

36

guidance and advice whenever required to advance the revision project or when they cannot reach a37

consensus. When the technical committee is satisfied with a proposed draft Sector Standard ready for

38

public consultation, the draft is presented to the GSSB for approval.

Page 4 of 9

gssbsecretariat@globalreporting.org

39

3. Proposed capital markets technical committee

40

composition

41

Table 1. Proposed capital markets technical committee composition#TitleOrganization

Constituency

Region1Director andGlobal ClimateEngagement
LeadHSCS AssetManagement

BusinessAsia

Extract of background and experience•••2

Corporate
Sustainability
Officer

RobecoBusinessEurope•••••Responsible for leading engagements with key companies globally, fromdeveloping regions in Asia to the UK, including many in the financial services
sectors, with the aim of improving ESG performance and disclosure.
Previously worked as an Associate Director (ESG) for AIA Group, responsible
for the development of the Group’s ESG strategy and reporting andengagement initiatives with both internal and external stakeholders.
Previously worked as a consultant, across sectors, leading in the creation ofsustainability strategies, reporting efforts, policy development, stakeholder
engagement and in conducting materiality assessments for Hong Kong listedcompanies since 2013.
20 years of experience in asset management and banking.
Currently responsible for the sustainability report and corporate sustainability.
Previous experience as project director responsible for the replacement of theglobal HR and finance tooling at Robeco.
Strong skills in sustainability, GRI, International Financial ReportingStandards (IFRS), and managerial finance
Holds an MSc Controlling.

This document has been prepared by the GRI Standards Division and is made available to observers at meetings of the Global Sustainability Standards
Board (GSSB). It does not represent an official position of the GSSB. Board positions are set out in the GRI Sustainability Reporting Standards. The GSSB isthe independent standard setting body of GRI. For more information visit www.globalreporting.org.

© GRI 2023

3

Head of ESG
Reporting andDisclosureState StreetBusinessNorthAmerica•••4

ExecutiveDirector

PredistributionInitiative

Civil SocietyNorthAmerica•••••

5

ChiefEconomist

Finance Watch

Civil SocietyEurope••

Over 15 years experience in the financial sector in various roles, including
audit, consulting, and developing data and analytics solutions.
Participated in various standard setting and regulatory initiatives including inthe International Accounting Standards Board (IASB) working on the Fair
Value and Insurance Contracts standards, in the European Insurance andOccupation Pensions Authority (EIOPA) working on delegated acts for theSolvency II directive.
Gained sustainability reporting experience at Moody’s Analytics, involved indesigning the link between Moody’s climate data and analytics solutions (suchas carbon footprint data, climate scenario analysis, modelling and ESGscores) and the climate risk management and reporting needs of insurance
clients.
Co-Founder and the Executive Director of the Predistribution Initiative (PDI),a multi-stakeholder non-profit supporting investors in aligning their investment
governance, financial analysis, and asset allocation practices with theprinciples of system-level investing and systematic stewardship.
Nearly two decades of experience in finance across asset classes –particularly private capital markets – having worked with private equity
investors, lenders, and project developers on growth financing, ESG
integration, and impact strategy for over 12 years.
Previously worked in sell side equities with Bear Stearns and investment
research with Gerson Lehrman Group (GLG).
Serves on the Council of Institutional Investors (CII) Markets Advisory Group,
the Advisory Panel for the Capitals Coalition; is an advisor to For the Long
Term (public treasurers focused on ESG)
Served on various committees, advisory groups, and working groups for theSustainability Accounting Standards Board (SASB), Principles for
Responsible Investment (PRI), Global Impact Investing Network (GIIN),
among others.
Nearly three decades in the finance sectors in different positions incommercial and investment banking, for BFCE, O’Connor & Associates,
Exane, UBS Ltd, and BNP Paribas. In 2004 he was appointed global head ofequity derivatives of Euronext.liffe and a member of the executive committeesof Euronext in Paris and LIFFE in London.
Co-founded the European NGO Finance Watch in Brussels in 2011 as its first
Secretary General until 2014.

Page 6 of 9••••6Head of Listing
Policy &ProductAdmission andHeadSingapore
Stock
Exchange

Investor

Asia••••
7Vice President
ESG
Methodologies

MoodysInvestorEurope•••

Was a Chairman of the French Sustainable Investment Forum (FIR), a Board
member of the European Sustainable Investment Forum (EUROSIF) andDirector of the economic think tank Institut Friedland.
Member of the Board of the French Financial Markets Authority (AMF)
between 2013-2022, chaired the Climate and Sustainable FinanceCommission and the Market Consultative Commission, was member of theEuropean Commission’s first Platform on sustainable finance between 20202022.
Member of EFRAG’s Sustainability Reporting Board.
Author of several books and numerous articles on finance, financial
regulation, sustainable finance, socially responsible investment and corporatesocial responsibility.
Head of Listing Policy & Product Admission at Singapore ExchangeRegulation (SGX RegCo), a subsidiary of Singapore Exchange (SGX Group)that undertakes frontline regulatory functions and leads the Sustainable
Development Office at SGX RegCo.
Oversees listing policy and rules development, administers the admission ofsecurities products, coordinates sustainability-related issues on theregulatory front as well as leads efforts to promote sustainability acrossstakeholder groups.
Member of the Advisory Board of the NUS Business School’s Centre forGovernance and Sustainability (CGS), a Management Committee memberof Global Compact Network Singapore (GCNS) and member of theEnvironmental, Social and Governance Committee of the Singapore
Institute of Directors (SID).
Co-leads the disclosures workstream of the Green Finance Industry
Taskforce convened by the Monetary Authority of Singapore.
Responsible for the development of methodologies to assess ESG-relatedrisks and opportunities for corporations, private companies and financial
institutions at Moody’s Analytics.
Previous roles as a Research Manager at Vigeo Eiris, Manager of theSustainability practice of Deloitte in Italy, and supported the development of
the G4 Sustainability Reporting Guidelines as Research Assistant at the GRI
in 2012.
Holds an M.Sc. in Accountancy and Control and a B.Sc. in Economics andBusiness Administration.

Page 7 of 9

8Senior
Specialist,
Sustainable
Markets

Principles of
Responsible
Investment(PRI)

Investor

Europe•••••9Head of
Sustainable
Investment

Sura
Investment
Management

Investor

LatinAmerica••••10Fixed IncomeResearchAnalyst

MFS
Investment
ManagementInvestor

NorthAmerica•••

Senior Specialist with the Principles for Responsible Investment (PRI), in its
Driving Meaningful Data team.
Works on investor data needs and leads the development of a framework toidentify decision-useful corporate sustainability data for responsible
investors.
In 2021, led PRI’s research to provide an overview of the ESG reporting
landscape for investors, which completed a high-level review of 120
reporting instruments across nine jurisdictions and five global initiatives.
In 2022, supported the development of PRI’s consultation response on theexposure drafts from the International Sustainability Standards Board (ISSB)
and European Financial Reporting Advisory Group (EFRAG)
Currently working on the ongoing consultation of the draft framework from theTaskforce on Nature-related Financial Disclosure (TNFD).
10+ years working in finance positions in both the private and public sectors,
with a focus on environmental and social impact.
Regional Head of Sustainable Investment of SURA Investment Management,a leading Latin American asset manager, and has led the company’ssustainable investment strategy, developed methodologies to effectivelyintegrate ESG and climate analysis into portfolio management in traditional
and alternative assets.
Led SURA’s working group on corporate sustainability, and has promoted
joint ESG projects with colleagues from Grupo SURA’s insurance and pension
fund businesses.
Co-founder of LANetwork, a research and content platform on sustainabilityin Latin America and member of the advisor committee for PRI Latam
Fixed Income research analyst focusing on ESG issues at MFS Investment
Management, responsible for helping lead the integration effort within thefixed income investment team.
Member of various sustainability working groups that are responsible for
guiding the firm wide ESG investment strategy and assessing global
collaborative initiatives and partnerships.
Previously worked with State Street for a decade culminating as a Senior
ESG Investment Strategist at State Street Global Advisors. Other positions
there included Senior Fixed Income Portfolio Manager in the Global Fixed
Income, Cash and Currency team, and managed portfolios in sectors such

Page 8 of 9

11Partner
Sustainable
Finance

ERM

MediatingAsia••••1213

Head ofCorporate
Finance andFinancial
Disclosure

MoroccoCapitalMarkets
AuthorityMediating
Institution

Senior Investor
Engagement
Advisor

UNI GlobalUnion

Labor

Africa•••Europe•••••

as Global Sovereigns and Agencies, US Investment Grade Credit, and GreenBonds.
18 years of financial markets experience, having worked with leading
investment banks (Barclays, JP Morgan) in London and Singapore withsuccessful delivery of structured investment funds business in EMEA andAsia.
Part of the ERM India leadership team in the Corporate Sustainability andClimate Change practice.
Overseen the strategic growth, sustainable investment and operational
resilience of Swiss Re's reinsurance business in India.
Instrumental in developing the global emerging market investment risk
framework including solvency capital adequacy modelling and stress testingfor multi-asset class EM investments at Swiss Re.
15+ years of experience in at the Morocco Capital Markets Authority
Previously worked as Senior Financial Analyst and head of Corporate Financebefore moving to current role
Co-Chair of the Measurement Working Group of the Sustainable Finance andBanking Network hosted by the IFC
Current role at UNI Global union includes representing 140 trade unions and3 million workers in the finance sector.
Engages with a wide range of actors across capital markets, particularly
regarding their social impacts of their stewardship and investment decisions.
Part of the Network Secretariat of the Committee on Workers’ Capital, and inhas developed resources regarding expectations and responsibilities fordifferent actors across the investment chain.
Coordinates UNI’s work on human rights due diligence, including participatingin relevant dialogue with banks on their human rights due diligence activities.
Previously worked as a Senior Consultant with Impactt and Lead ofShareAction’s Good Work ProgramPage 9 of 9