Environmental, Social, Governance (ESG) Technical Committee
Purpose
The ESG Technical Committee is responsible for guiding the development and promotion of ESG standards and best practices within the investment industry, including the maintenance and adoption of the Global ESG Disclosure Standards for Investment Products.
Members
Former Managing Director, Head of Sustainability in Active Equities, UBS Asset Management, United States (Retired)
Bruno Bertocci, retired, was the former Head of Global Sustainability in Active Equities at UBS Asset Management, where he led the development of the team's positive screening process. He managed the global equity investment group at Stein Roe & Farnham and worked as a regional portfolio manager and global equity portfolio manager at Rockefeller & Co. Mr. Bertocci represented UBS on committees that include the US Social Investment Forum, the Institutional Advisory Group for the Sustainability Accounting Standards Board, and the Task Force on Climate-related Financial Disclosures. He was also a member of the UBS Sustainability Council. Mr. Bertocci holds an AB degree from Oberlin College and an MBA degree from Harvard Business School.
Senior Director, Wealth Management Solutions, Ameriprise Financial, United States
As a Senior Director of Manager Research at Ameriprise Financial, Ben Becker is responsible for research and coverage of International and Global equity strategies. Ben also leads the Ameriprise Investment Research Group’s sustainable investing effort which includes leading the due diligence process on sustainable investing products and providing sustainable investing thought leadership on firm-wide projects and to Ameriprise advisors and clients.
Ben graduated from the University of Missouri, Columbia with a B.A. in Political Science. He also received his M.B.A. with an emphasis in Finance from the Carlson School of Business at the University of Minnesota, and holds the Chartered Financial Analyst (CFA) designation and Certificate in Investment Performance Measurement (CIPM) designations.
Senior Risk Specialist, Australian Prudential Regulation Authority (APRA), Australia
Prior to joining APRA, Ms. Chang held several roles within Westpac Banking Corporation's institutional division across financial markets trading and corporate advisory areas.
Ms. Chang’s volunteer work with CFA Institute includes exam question reviews and engagement on online member education initiatives. She holds a Commerce degree majoring in Accounting and Finance from Macquarie University (Sydney) and a GARP Financial Risk Manager designation.
Senior ESG Director, Petra Funds Group, United States; Founder and Managing Partner, Close Group Consulting Inc., Canada
Tamara is Senior Director, ESG Advisory for the Petra Funds Group. Prior to Petra she founded Close Group Consulting, a global boutique ESG strategy and due diligence advisory firm for financial and capital markets. She has over 25 years of combined experience in capital markets, risk management, and ESG strategy, and previously spent 10 years in senior leadership roles at PSP Investments as well as various investment management positions for global investment firms. Tamara is an experienced board director, investment committee member and strategic advisor for various firms and foundations.
Consultant, United Kingdom
Clive Emery was Head of Multi Asset Strategies at Invesco, where he focused on sustainable multi-asset solutions, and he was one of two Net Zero investment champions at the firm. He launched the Summit Responsible Range, five risk-targeted responsible multi-asset funds, for which he pioneered Responsible Asset Allocation (RAA), a separate and additional step to the traditional tactical and strategic asset allocation processes. He is a member of the Sustainability and Responsible Investment (SRI) committee of the Investment Association, a contributor to the UK Sustainable Investment and Finance Association’s policy vision, a member of TISA’s SRI committee, and a member of the Disclosure & Labelling Advisory Group developing sustainable disclosure regulation for the UK fund industry with the Financial Conduct Authority and Her Majesty’s Treasury.
Managing Director, Sustainable Finance Americas, S&P Global Ratings, United States
Michael Ferguson is a Managing Director and the Team Leader for the Sustainable Finance group at S&P Global Ratings. He manages a team of 20 North American and LatAm Sustainable Finance Analysts. He has been involved in the development, roll-out, and updating of our Climate Transition Assessment, and is responsible for the inclusion of ESG risks into our credit ratings. He also supports our efforts on Second Party Opinions (SPOs). He is responsible for developing the learning curriculum on ESG throughout S&P Global Ratings. Much of his thought leadership research revolves around energy policy and labor issues, especially in the United States.
Michael joined S&P Global Ratings in December 2011 and was in the North American Energy Infrastructure practice as a credit analyst for approximately seven years, covering project financings and power companies. Previously, he worked as a forensic accounting consultant with FTI Consulting in Washington, DC. He worked on a wide array of cases, ranging from stock option backdating and revenue recognition to embezzlement and Ponzi schemes. Michael also worked in the Financial Services Assurance practice at Ernst & Young LLP; he audited hedge funds, insurers, and banks, as well as government agencies.
Michael graduated from the University of Notre Dame in 2005 with a Bachelor of Business Administration degree in Finance and a Bachelor of Arts degree in Political Science. He also received an International Business Certificate. He received a Master of Science degree in Accountancy from the University of Virginia in 2006 and a Master of Business Administration degree from Duke University in 2011, as well as a Masters of Liberal Arts in Sustainability from Harvard University in 2023. Michael is a Chartered Financial Analyst, a Certified Public Accountant, a Chartered Alternative Investment Analyst, and a Certified Fraud Examiner. He also holds the CFA Institute ESG Investing Certificate.
Head of Sustainability, Seviora Group, Singapore
Kenneth is Head Sustainability at Seviora Group, leading the firm's enterprise-wide Sustainability strategy across Investments and Corporate Sustainability. He also leads Seviora Group's Sustainability Centre of Excellence and advises the investment teams on Sustainability and ESG related matters throughout the investment process across a variety of asset classes. From 2014–2021, he led multi-asset investments across Consumer and Internet subsectors at SeaTown. He began his career as a research analyst at Goldman Sachs.
Kenneth graduated as Valedictorian, Summa Cum Laude, from Singapore Management University (Finance and Economics). He holds a Certificate in Sustainable Finance from the University of Cambridge and the Certificate in ESG Investing from the CFA Institute. He also serves on the Principles of Responsible Investment Advisory Committees for Listed Equity and PRI In Person.
Lead Engagement Manager, Generali Asset Management, France
François leads the Engagement practice at Generali Asset Management (€500 billion in assets under management), a role he has held since founding the initiative in 2017. Previously, François spent seven years in Generali AM’s Sales and Marketing Department, where he has overseen client service and support. François is a recognized expert in stewardship, particularly in corporate engagement. His work is distinguished by a focus on influencing companies—primarily in listed markets—through strategic engagement. In addition to his role at Generali AM, François serves on the Steering Committee of Climate Action 100+ (CA100+) since 2022, further underscoring his commitment to sustainable finance and corporate accountability. François Humbert has more than 14 years of experience in the asset management industry, with roles spanning sales, client service, and active ownership. In addition, he has 5 years’ entrepreneurship experience in local crowdfunding/impact investing.
Director, Global Industry Standards, CFA Institute, United States
Deborah contributes to the development, maintenance, and promotion of CFA Institute industry codes and standards, including the Global ESG Disclosure Standards for Investment Products. She has authored ESG curriculum for the CFA Level I and II exams and the Climate Risk, Valuation, and Investing Certificate. Deborah’s most recent publications include coauthoring two research papers, Climate Data in the Investment Process and Net Zero Investing Solutions: Benchmarks, Incentives, and Time Horizons. Deborah is also a co-host of the Sustainability Story podcast. Prior to joining CFA Institute in 2019, Deborah was a senior fixed income portfolio manager for institutional and public funds with Boyd Watterson Asset Management, LLC. Deborah has a Bachelor of Arts degree from Ursuline College and is a CFA charterholder.
Founder, Humaterra Advisory, Poland
Brunno Maradei is the founder of Humaterra Advisory, a boutique consultancy helping investors and institutions mobilise capital for social and environmental transformation. A recognised leader in sustainable finance, Brunno was previously Global Head of Responsible Investment at Aegon Asset Management, where he led global ESG strategy and engagement.
He brings over 25 years of international experience across private and public finance—including at Morgan Stanley, JPMorgan, the IFC, EIB, and the European Commission—with deep expertise in blended finance, emerging markets, and sustainable investment innovation.
Brunno is a trusted voice in policy circles, advising on sustainability frameworks as a member of consultation groups at ESMA, EFRAG, and the IFRS Foundation.
A CFA charterholder, he holds degrees from the London School of Economics and London Business School. Brunno speaks widely on aligning capital with purpose, driving systems change, and making sustainability core to investment strategy.
Prior to MSIM, Kate worked at BSR (Business for Social Responsibility) where she primarily advised private equity firms on ESG integration, including impact investing and ESG due diligence. Kate also worked with consumer goods and food and agriculture companies to design and implement supply chain sustainability and women’s empowerment programs. Before working at BSR, Kate was the lead ESG Analyst for the Materials sector at Sustainalytics where she conducted company and sector-level research, advised clients on ESG integration and contributed to the firm’s research methodology development.
Kate holds a Master of Public Policy from the University of Toronto and a Bachelor of Arts in International Relations from the University of British Columbia.
Client Portfolio Manager, Western Asset Management
Brishni Mukhopadhyay is a Client Portfolio Manager and Sustainable Investment Specialist at Western Asset Management, a specialist investment manager of Franklin Resources, Inc., the holding company for Franklin Templeton Investments and its subsidiaries. Prior to this, Brishni worked at Lazard Asset Management, J.P. Morgan Asset Management and J.P. Morgan Investment Bank.
Brishni holds a M.S. in Operations Research (Finance) from Columbia University, M.Eng. in Mechanical Engineering from the University of Sheffield, and is a CFA charterholder. Brishni previously served as Chair of the advisory panel responsible for the CFA Certificate in Sustainable Investing and as vice chair of the working group involved in the launch of the CFA UK ESG Certificate since 2017. He also served as Co-Head of CFA UK’s Value Investing special interest group.
Head of ESG, The New Development Bank, Hong Kong
Roman Novozhilov is the Head of ESG at the New Development Bank, a Shanghai, China-based multilateral development bank established by BRICS countries for financing infrastructure projects in emerging markets. He has over 20 years of global experience in ESG and impact investing and is responsible for integrating ESG aspects into NDB’s credit and equity investment products, as well as delivering ESG advisory services to NDB’s clients.
Before joining NDB, Mr. Novozhilov was with the International Finance Corporation (IFC) with postings in Washington, D.C., Johannesburg, and Hong Kong, focusing on developing IFC Performance Standards on Environmental and Social Sustainability and managing ESG risks of IFC’s investments in Asia, Africa, and Latin America. Before that, he held various roles in sustainability policy research at the World Bank in Washington, D.C.
He holds a Ph.D. from American University (Washington, D.C.) and an M.A. from Lancaster University (UK). He is a Chartered Alternative Investments Analyst (CAIA) and Certified ESG Analyst (CESGA).
Head of Sustainability Operations, LuxFLAG, Luxembourg
Ahmed joined LuxFLAG in 2020 where he is Head of Sustainability Operations. He is responsible for the operational translation of LuxFLAG's strategy, the label developments and leads the team that reviews label applications. Prior to joining LuxFLAG, Ahmed spent his career in asset management in Luxembourg and in the United Arab Emirates, where he held business implementation and product management and development roles. Ahmed also intervened as guest teacher in Sustainable Finance at NEOMA Business School (France) in the M.Sc. International Finance - Real Estate and Wealth Management track.
Senior Vice President and ESG Practice Leader, Callan, United States
Thomas H. Shingler is a senior vice president and Callan’s ESG practice leader. Based in Callan’s New Jersey consulting office, Tom leads the firm’s ESG research and education efforts, providing ESG support to Callan consultants and creating solutions for Callan’s clients. He also collaborates with Callan’s ESG subject matter experts to develop research and insights into trends for the benefit of clients and the industry.
Tom works with a variety of clients, including public and corporate defined benefit and defined contribution plans, as well as endowments and foundations. His responsibilities include strategic planning, investment implementation, manager evaluation, education, and special projects. Tom chairs Callan’s Manager Search Committee, is a member of the Management Committee, and is a shareholder of the firm. He is also the co-chair of the Investment Consultants Sustainability Working Group (ICSWG-US) Steering Committee and a member of the CFA Institute ESG Technical Committee.
Prior to joining Callan, Tom was co-head of consulting at Orion Consultants, a consulting firm serving the fixed income divisions of global investment banks, where he worked for 11 years. He was responsible for managing several client relationships, new business development, and leading the firm's market research studies.
Tom earned an MBA from the University of Pennsylvania Wharton School and a BA in history from Princeton University.
Director of Investment Research, Morningstar, Canada
Ian Tam is Director of Investment Research, for Morningstar Canada, a wholly owned subsidiary of Morningstar, Inc. In his current role, Tam is tasked with evangelizing Morningstar’s thought leadership across multiple stakeholder groups within Canada’s investment industry inclusive of individual investors, advisors, asset managers, industry trade bodies, and regulators. In 2021, he was the elected Chair of the Canadian Investment Funds Standards Committee (CIFSC.org), a cross-industry organization that oversees mutual fund, ETF, and segregated fund classifications in Canada. The CIFSC recently announced the launch of a framework that helps Canadian investors identify investment funds with ESG-related approaches written in their prospectus disclosures. Tam holds a Bachelor of Applied Science in Mechanical Engineering from the University of Waterloo.
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