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COP26 and net zero by 2050: How does the African ESG and transition story fit within a global context?

Broadcast on Jun 15, 2021 from Livestream: ESG & Capital Markets Africa 2021 - Virtual

Gold Sponsor

Absa

Silver Sponsor

KPMG

Silver Sponsor

Nedbank

Silver Sponsor

Proparco

Silver Sponsor

Standard Bank

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

Moody's Investors Service

Bronze Sponsor

Rand Merchant Bank (RMB)

Bronze Sponsor

S&P Global Market Intelligence

Investor Partner

Emerging Markets Investors Alliance

Subscribe for access:

  • North vs. South vs. East vs. West: How is a just transition being supported and delivered across Africa? How achievable is “transition” for the continent’s regions?
  • To what extent is the application of global climate change policies affecting the African transition story? Should the continent be following its own path?
  • In what way is there a mismatch between Africa’s needs vs. the rest of the world?
  • Which elements of the EU and (newly created) South African ESG taxonomies could be adopted by other African economies?
Africa

Moderator

Simone Utermarck

Simone Utermarck

Director, Sustainable Finance

ICMA

Simone Utermarck

Simone Utermarck

Director, Sustainable Finance at ICMA

Simone Utermarck is a Director, Sustainable Finance at the International Capital Market Association (ICMA) based in London. She is part of the secretariat that manages the Principles, secretary to the GBP SBP Advisory Council the ICMA Sustainable Finance Committee (SFC) and the Global Sustainable Finance Council (GSFC), and otherwise involved in all of ICMA’s sustainable finance activities. Simone is also a member of the EU Platform on Sustainable Finance (SG4). She is a trained banker with extensive international experience having lived and worked in Europe, the United States, Asia and the GCC. Her previous roles were with Thomson Reuters, S&P Global Ratings, Bloomberg, PwC, Ernst & Young, DaimlerChrysler Global Capital Services.


Simone holds a double degree in International Business from Dublin City University (DCU), Ireland and the ESB Business School, Reutlingen Germany. She also completed the International Certificate in Investor Relations and the CFA Level 1.

ICMA

Speakers

Ahmed Kouchouk

Ahmed Kouchouk

Vice-Minister of Finance for Fiscal Policies

Ministry of Finance, Egypt

Ahmed Kouchouk

Ahmed Kouchouk

Vice-Minister of Finance for Fiscal Policies at Ministry of Finance, Egypt

Ahmed Kouchouk was appointed Vice Minister of Finance for Fiscal Policies & Institutional reform in March 2016. Since then he has been playing a leading role in designing and implementing Egypt’s macroeconomic policies and reforms especially fiscal and debt policies. Mr. Kouchouk he served as the leading negotiator and focal point on behalf of the Government of Egypt with the IMF. Mr. Kouchouk in his capacity, supervises and oversees the work of various policy related units and departments at the Ministry of Finance including Macro Fiscal Unit, Debt Management unit, Public Private Partnership unit, Transparency and Citizen Engagement unit, Public Financial Management unit, and Institutional reform unit. Mr. Kouchouk leads and supervises several work streams at the Ministry of Finance including engagement with International institutions, Rating agencies, Investment Banks and portfolio investors. He also supervises and manage the process of setting and updating the Macro Fiscal Framework including setting fiscal & debt targets over the medium‐term, preparing the annual budget, monitoring budget implementation, managing fiscal risks, and overseeing debt strategy and related policies. Mr. Kouchouk serves as Egypt representative at the Asian International Infrastructure Bank Board (AIIB). In addition, he is the Ministry of Finance nominated focal coordinator with monetary authorities. He served as a Board Member at the Central Bank of Egypt from April 2016 to June 2018. He also leads Egypt’s inter‐ministerial task force managing annual economic dialogue with the EU. Mr. Kouchouk is currently a board member at the Arab African Investment Bank, Egypt National Academy for Training, and Egypt Air Holding Company. Mr. Kouchouk is a professional economist and policy advisor with more than 18 years of applied experience. He worked as a senior economist for the World Bank from June 2013 to March 2016. He worked as an Economic Advisor to the Minister of Finance and Director of the Macro Fiscal Unit from 2012‐2013 and served as the Executive manager of the Macro Fiscal Policy Unit at the Ministry of Finance from 2007‐2008 and 2010‐2012. He also worked for Egypt Ministries of External Trade and Economy. Mr. Kouchouk earned his master’s degree in public policy from Harvard Kennedy School of Government in 2010 and earned a master degree in economics from York University in the United Kingdom in 2002. He has a B.S, in Economics in 1999 from the American University in Cairo. Mr. Kouchouk is married to Amal El‐Sayed (Banker and executive coach). They have two kids Salma (13 years) and Omar (11 years).

Ministry of Finance, Egypt

Nicole Martens

Nicole Martens

Director, Martens Impact Advisory and Acting Head of Africa & Middle East,

UNPRI

Nicole Martens

Nicole Martens

Director, Martens Impact Advisory and Acting Head of Africa & Middle East, at UNPRI

I am passionate about sustainable development in general and about developing pragmatic and impactful strategies for Africa’s just transition to a low carbon economy in response to the climate emergency.

As a Development Economist, I have dedicated my career to the provision of strategic advisory services in the development space. I have worked with local and international clients across the public and private sector on the design and implementation of strategies aimed at achieving large-scale developmental impact. My work includes a special focus on the identification of innovative finance mechanisms for generating financial return and impact, specifically with reference to integration of environmental, social and governance (ESG) factors into investment processes i.e. responsible investment.

In recent years, my focus has been on identifying and addressing the needs of African investors with respect to integrating ESG into investment processes in an effort to foster the maximisation of long-term sustainable financial returns across the continent. I have specialised in the initiation and management of key stakeholder relationships and partnerships across the region, including those with investors as well as with policymakers and regulators, academic institutions and mission driven organisations.

My work has included the design and roll-out of initiatives to build capacity amongst investors and other organisations on ESG integration and responsible investment approaches – specifically, developing content for and then facilitating workshops, webinars and online learning tools.

I currently sit on a number of committees and working groups where I provide insight on international trends and developments with respect to responsible investment and represent the needs of African investors in this regard. These include:

UNPRI

Simon Howie

Simon Howie

Co-Head South Africa & Africa Fixed Income

Ninety One

Simon Howie

Simon Howie

Co-Head South Africa & Africa Fixed Income at Ninety One

Simon is a co-head of SA & Africa Fixed Income and is responsible for the SA and Africa Credit team at Ninety One. He joined in 2005 when he was tasked with building its credit business and capabilities. Ninety One now holds a leading position in managing diverse institutional credit portfolios, including both the listed and unlisted markets. These strategies include the Emerging Africa Infrastructure Fund, a donor-funded debt strategy that supports sustainable infrastructure and the multi-vintage Ninety One Credit Opportunities range which targets private and illiquid credit in South Africa and the rest of Africa.

Simon was previously with Investec Bank where he was responsible for debt origination (including corporate bonds, structured credit and securitisation) and was involved in the Southern African debt capital markets from its infancy in the late 1990s.

Simon holds a Bachelor’s degree in Architecture from the University of Natal, a Master’s degree in Business Administration from Nijenrode University in The Netherlands, and is a CFA® Charterholder.

Ninety One

Nigel Beck

Nigel Beck

Head of Sustainable Finance & ESG Advisory

Rand Merchant Bank (RMB)

Nigel Beck

Nigel Beck

Head of Sustainable Finance & ESG Advisory at Rand Merchant Bank (RMB)

Nigel leads RMB’s Sustainable Finance and ESG Advisory business. He has pioneered the development of sustainable finance on the African continent, executing several innovative and award-winning products.

He is the longest standing Chair of the Equator Principles steering committee, lead at the International Chamber of Commerce (Sustainable Trade Finance) and member of the Impact Investing National Task Force.

He holds a number of qualifications including a MSc & DIC (Environmental Technology) from Imperial College, University of London and an MBA from Wits Business School.

Previously, he was the Global Managing Director of Sustainable Finance & ESG Advisory at Standard Bank.

Rand Merchant Bank (RMB)

Nigel Beck

RMB at a glance

Rand Merchant Bank (RMB) is a leading African Corporate and Investment Bank and part of one of the largest financial services groups (by market capitalisation) in Africa – FirstRand Bank Limited. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

At RMB we are passionate about solving problems for our clients by seeking solutions beyond the obvious. We are innovative in our thinking and turn challenges into opportunities. We call ourselves Solutionist Thinkers who deliver on Traditional values. Innovative ideas.

Our ability to think differently, our collaborative spirit, our client-centric approach and our belief that great minds don’t always have to think alike, is what sets us apart from our competitors. The emerging and necessary focus on ESG as a tool for capital allocation will lead to more effective and efficient capital markets when principles are adopted by stakeholders. RMB continues to embed ESG principles into our frameworks so that we can deliver relevant solutions that are valued by our clients in the markets in which we operate.

As the Corporate and Investment arm of FirstRand Bank Limited (which is wholly-owned by FirstRand Limited), we have access to a network of retail banks in 25 African countries, including representative offices and branches in the UK, India and China.

For more information please visit: www.rmb.co.za