Water's Impact on Investing (Ended)
While roughly 71 percent of the Earth's surface is covered by water, only about 1 percent is readily accessible freshwater, much of which is in snow and glaciers. Many parts of the world, and even parts of the United States, have experienced prolonged water shortages, which impact economic growth and can even lead to conflict. From the financial analyst's standpoint, how should water be assessed as a risk factor and what steps can be taken to hedge against supply shortages?
- Examine water as a resource and quantify water intensity in industrial production
- Assess the current and potential breadth of water scarcity and its implications
- Evaluate the impact of water scarcity on geopolitical and economic factors
- Analyze water as a risk factor in securities analysis and discuss potential investment implications and risk mitigation approaches
Michele Wucker - Policy Analyst and author of The Gray Rhino
Dr. Bruce Gockerman - President, Standard Deviation Econometrics, Ltd.
Dr. Dinah Koehler - Executive Director, Sustainability Research, UBS Asset Management
Lauren Smart - Managing Director, Global Head Financial Services, Trucost, part of S&P Dow Jones Indices
Members - $45 or FREE with Function Ticket
Student Members - $10
Nonmembers - $65
(member pricing underwritten by CFA Society Chicago)
*Limited sponsorships available, contact Kim Augustyn at firstname.lastname@example.org
CFA Institute Qualified Activity: Eligible for 1.5 credit hours
Attire: Business Casual
4:00 pm - 4:30 pm: Registration & Networking
4:30 pm - 6:00 pm: Program
Hosted by: Education Advisory Group
Michele Wucker (www.thegrayrhino.com) is an award-winning global thought leader with experience in strategy, public policy, crisis management and anticipation. Her third book, The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore, is an international best seller that has influenced high-level financial and policy decision makers and in July sent Chinese stocks tumbling after a front-page editorial in the official government newspaper warned about the need to deal with financial gray rhinos. She founded Gray Rhino & Company in 2015 to help decision makers and investors strategize responses to "gray rhino" risks that are neglected despite - and all too often because of- their obviousness. Recognized as a Young Global Leader of the World Economic Forum and a Guggenheim Fellow, Wucker has been featured often in major international media and has delivered presentations on five continents. Her previous leadership positions include Vice President for Studies at The Chicago Council on Global Affairs; President of the World Policy Institute; and Latin America Bureau Chief at International Financing Review.
Dr. Bruce Gockerman is a practitioner-scholar bridging the gap between the worlds of academia and business practice. He also is an experienced lawyer, businessman, consultant and teacher. He specializes in the use of cross-disciplinary analytics to understand and address complex issues and environments. In addition to his consulting work he is a faculty member at Illinois Tech Stuart School of Business. His research interests include governance of common pool resources, corporate governance, corporate valuations and applied analytics. Gockerman earned his undergraduate degree in Economics from Eastern Michigan University, J.D. from Wayne State University Law School, MBA from the University of Chicago Booth School of Business and Doctorate of Management in Decision Sciences from the Weatherhead School of Management, Case Western Reserve University.
Dr. Dinah A. Koehler leads the Sustainable Investors team's impact measurement research project and whitepaper development. She also has primary responsibility for the overall product positioning and development of Sustainable Equity Strategies, ESG database development, as well as marketing and communication to existing and prospective clients globally. Koehler is a recognized researcher on corporate sustainability and won the 2005 Academy of Management Organization and the Natural Environment Division's Best Dissertation Prize. Koehler has been invited to present her research at the University of Michigan, Yale, the Wharton School, Columbia and Harvard, and has published in peer-reviewed journals and books. She has advised Harvard and Wharton on academic programs and research databases related to corporate sustainability. Over the course of her career she has worked in and advised large global corporations, national governments and international organizations on sustainability issues. Prior to joining UBS Asset Management in February 2015, Koehler worked as a sustainability researcher at Deloitte and The Conference Board, responsible for thought leadership and managed a webcast series dedicated to corporate sustainability. She managed a research program at the US EPA's Office of Research and Development for four years and did postdoctoral work at Wharton. Koehler earned her BA from Wellesley College, MA from Tufts University and ScD from Harvard University.
Lauren Smart, Managing Director - Global Head Financial Institutions Business with Trucost (part of S&P Dow Jones Indices), provides data and analysis on risks and opportunities relating to climate change, natural resource constraints and broader ESG factors, enabling companies and financial institutions to understand exposure to ESG factors and identify the transformative solutions of tomorrow. Smart leads Trucost's financial institutions business, managing teams of research, delivery and business development specialists globally. She is an expert in sustainable finance and over the last decade has advised leading fund managers, pension funds, and commercial and development banks globally on how to integrate climate change and natural capital analysis into their investment decision making. Prior to joining Trucost, Smart was a Senior Investment Associate in Global Equity Research at Putnam Investments specialising in fundamental equity analysis for the pan-European Pharmaceuticals sector. She was also a consultant at DFID (UK Department for International Development) in the policy team working on the Millennium Development Goals, which preceded the Sustainable Development Goals (SDGs). She is also a regular speaker and respected commentator on environmental finance issues. Smart holds a BA (Hons) and MA from Cambridge University in Archaeology and Anthropology and an MSc in Anthropology and International Development from the London School of Economics.
*Special Notes Regarding Fees:
Regular, Candidate, and Affiliate Members may apply function tickets as payment for Non-member or Student-Member. Credit card required to guarantee ALL reservations except for reservations using Function Tickets. Day-of-event registrations accepted on-site only if applicable and space available. There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, September 20.
Members of any CFA society may attend at the CFA Society Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.
CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.
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