Finance, Biodiversity and Managed Ecosystems by Dr Genevieve Patenaude, University of Edinburgh
Finance, Biodiversity and Managed Ecosystems: Where's the Data?
by Professor David Hill, Chairman of The Environment Bank Ltd
Dr Genevieve Patenaude, University of Edinburgh
Ivo Mulder, Programme Officer at UNEP Finance Initiative
James Stacey, Partner at Earth Capital Partners
Alderman Professor Michael Mainelli, Chairman of Z/Yen Group
Dr Patenaude was awarded a PhD from the University of Oxford in 2006 and has since taken a lectureship position at the University of Edinburgh. Her key research interests are in ecosystem services, forests and carbon management.
She is currently leading a NERC-funded network on forest and finance risks as well as a NERC-DFID-ESRC funded research project on Forest Ecosystem Services and Poverty Alleviation (www.esi.ac.uk/espa). She is also involved in the development of a mission concept for a Spaceborne Multispectral Lidar (NERC NCEO). Dr Patenaude has authored several peer-reviewed publications and is one of the contributing authors to the Nobel Price winning Integovernmental Panel on Climate Change reports (Good Practice Guidance for Land Use Change and Forestry).
In order to build capacity and knowledge of the private sector, Dr Patenaude took a career break in 2008 to pursue an MBA (HEC Mtl, graduated with distinction). She has since contributed strategic expertise to the consulting firm McKinsey & Company; has been involved in setting up Ecometrica Ltd. (www.ecometrica.co.uk) a company of specialists and experts in greenhouse gas (GHG) accounting and ecosystem services; and co-founded cArbomap Ltd. (www.carbomap.com), which develops new technologies for measuring and mapping forest carbon (a key development being a multispectral canopy lidar optimised for forest applications, patent P136237.GB.01/GRAYJ 2008). Her awards and grants total around €0.75M.
David Hill is Chairman and co-founder of The Environment Bank Ltd, Deputy Chair of Natural England and a member of the Board of the UK government’s Joint Nature Conservation Committee. Over the past three years he has been actively involved in promoting new and innovative ways of mitigating for impacts on ecosystem services arising from development and business through the use of habitat or mitigation banking.
He has a doctorate in ecology from the University of Oxford and has worked for a number of NGOs before establishing one of the first environmental consultancies in the UK, which he merged with a plc in 2002.
He has a strong professional interest in biodiversity conservation and, as a result of over 20 years working in the planning and development control sector, believes that the majority of development should pay the true cost of the use of land through implementing a policy for habitat banking, making landscapes more resilient, increasing biodiversity and providing better places for people to enjoy.
The Environment Bank Ltd is the first company of its kind in the UK. It develops the ideas and mechanism for funding enhancements to the natural environment from development and holds a register of potential contributor landowners. It is likely that emerging environmental markets will focus on offsetting ecosystem service impacts and The Environment Bank is working to provide the necessary infrastructure to facilitate these markets.
Ivo Mulder is a Programme Officer for the UN Environment Programme – Finance Initiative (UNEP FI), based in Geneva. UNEP FI is a strategic partnership between UNEP and nearly 200 global financial institutions. He is responsible for managing UNEP FI’s work on biodiversity, ecosystem services and water.
Prior to taking up this post, he worked as a consultant for Triple E – a Dutch advisory firm that operates at the intersection between economy and ecology. He set up a Swiss counterpart of the firm, and acquired projects for the company, and supported these to completion. Mr. Mulder also worked for the Dutch National Fund for Rural Areas (National Green Fund), an organization, which advocates optimum use of government funds for investment in nature and landscape, and the activation of private sources of funding for rural areas in the Netherlands.
Other professional experiences include working as an environmental finance consultant for KPMG Sustainability and Sustainable Finance Ltd., as a junior professional associate for the World Conservation Union (IUCN) in China and Switzerland, for Forest Trends (a Washington D.C.-based NGO), for Wageningen University and the Foundation for Sustainable Development.
Ivo has written numerous articles and other publications on the business rationale to better account for environmental, social and governance (ESG) issues by financial institutions and other businesses. The last few years his focus has centred on demystifying the materiality for financial institutions to better integrate aspects of biodiversity and ecosystem services and water issues in lending and investment policies of banks and other financial institutions. He earned his BSc and MSc degrees in Environmental Sciences from Wageningen University, with a specialization in ecological and environmental economics.
James Stacey is a Partner at Earth Capital Partners LLP (ECP) with responsibility for ECP's sustainable finance strategy and integration of Environment, Social and Governance (ESG) issues into investment analysis and portfolio management and reporting. ECP is an asset manager with a focus on investment in sustainable asset infrastructure, including renewable energy, sustainable agriculture and forestry.
Prior to joining ECP, James was Head of Sustainable Business at Standard Chartered plc, with group wide responsibility for sustainable business, comprising a results/outcomes focused commercial strategy incorporating new products and revenue lines, risk management, operating efficiencies and stakeholder relations. Previously, James was Head of KPMG's Sustainability Consulting Practice and earlier, KPMG's Environment M&A Advisory business. James has over 18 years of broad sector experience in both corporate and consulting organisations. He began his career as an environmental engineer, providing 'construction quality assurance' for waste management and pollution control solutions.
James is currently a member of the BBC's independent Sustainability Advisory Committee; Senior Associate for the University of Cambridge Programme for Sustainability Leadership (CPSL); Faculty for the CPSL 'Climate Leaders Programme'; and member of the Global Impact Investing Network (GIIN) European Steering Committee.
Alderman Professor Michael Mainelli is Emeritus Mercers' School Memorial Professor of Commerce at Gresham College, having held the chair from 2005 to 2009. His first degree was in Government from Harvard, followed by mathematics and engineering studies at Trinity College Dublin and a PhD from the London School of Economics in chaotic systems, where he was also a Visiting Professor.
Professor Mainelli is Executive Chairman of Z/Yen, the City of London’s leading commercial think-tank and venture firm, which he co-founded in 1994 to promote societal advance through better finance and technology. A qualified accountant (FCCA), securities professional (FCSI), computer specialist (FBCS) and management consultant (FIC), Michael began his career as a research scientist in aerospace (rockets) and computing (architecture & mapping). He later became a senior partner with accountants BDO Binder Hamlyn directing global consulting projects. During the 1990s he worked for the UK Ministry of Defence as Corporate Development Director for Europe’s then largest R&D firm, the Defence Evaluation & Research Agency leading to two privatisations. Career highlights include directing Z/Yen’s Long Finance initiative with Gresham College and the City of London Corporation asking “when would we know our financial system is working?” as well as creating the Global Financial Centres Index, Global Intellectual Property Index, London Accord and Farsight Award. Michael also conceived and produced the first complete digital map of the world in 1983, Mundocart (a 1980’s Google Earth), and the $20 million Geodat consortium cartography project.
Michael is non-executive Director of the United Kingdom Accreditation Service (UK’s national body for standards and laboratories), AIM-listed Sirius Minerals plc (potash mining), AIM-listed Wishbone Gold Plc; Alderman for Broad Street Ward (elected) at the City of London Corporation; Almoner for Christ’s Hospital School; Trustee of International Fund for Animal Welfare. Michael has held numerous advisory posts, for example with Hitachi UK, City University and HM Treasury. Michael won a 1996 UK Foresight Challenge award for the Financial Laboratory, 2003 UK Smart Award for prediction software, 2005 British Computer Society Director of the Year, 2011 Technology Strategy Board Challenge Award for financial avatars, and was awarded Gentiluomo of the Associazione Cavalieri di San Silvestro in 2011. Michael is a Liveryman, Worshipful Company of World Traders, Freeman, Watermen & Lightermen, and represents the Financial Services Group of Livery Companies.
Michael has published over 40 journal articles, 150 commercial articles and four books. Michael’s humorous risk/reward management novel, Clean Business Cuisine: Now and Z/Yen, written with Ian Harris, was a Sunday Times Book of the Week in 2000; Accountancy Age described it as “surprisingly funny considering it is written by a couple of accountants”. Their third co-authored book, The Price of Fish: A New Approach to Wicked Economics and Better Decisions, based on his Gresham lectures, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize. Michael plays bagpipes, loves skiing and sailing and, with his wife, Elisabeth, he races and restores the 1923 Thames Sailing Barge Lady Daphne and sits on the world’s oldest sailing racing body, the Thames Match Committee. With an international family, Michael speaks English, German, French and Italian poorly, but even worse Spanish and Chinese.
To access all of Professor Mainelli's previous Gresham College lectures, please click here.