FONT

MORE STORIES


Tobias Read invites state and national investment experts for session next month in Portland.

COURTESY PHOTO - Tobias Read takes his oath of office as state treasurer, with his family watching. Oregon State Treasurer Tobias Read is convening a Sustainable Investing Summit in Portland next month, bringing heavy hitters from some of the world's largest investment firms.

Featured guests include executives from Blackrock, Goldman Sachs Asset Management, KKR & Co., Calvert mutual fund company and others.

Gina McCarthy, the former EPA director, is one of the keynote speakers.

COURTESY OREGON STATE TREASURY -     There's been a sea change in the field as more data demonstrates the financial benefits of investing in companies that are transparent and socially responsible, said James Sinks, Treasury Department spokesman.

Read, who oversees state investments made on behalf of the Oregon Public Employee Retirement System, has been supporting, and in some cases filing, shareholder resolutions at corporations' annual meetings, seeking more transparency and other corporate reforms, Sinks said. A coalition of shareholders that included Oregon achieved a breakthrough last year when Blackrock, the world's largest investment firm, supported one of those resolutions at Exxon's annual meeting.

"It changed the conversation overnight," Sinks said. "The world is different now."

Past Oregon treasurers, including Jim Hill, were stymied at advancing social goals for investments, because they were hard-pressed to prove those were the most prudent ways to invest other peoples' money.

But newer research is showing where such goals can mesh with best investment practices, Sinks said.

COURTESY PHOTO  - Anna Totdahl Read hired Anna Totdahl as a Treasury investment officer specializing in environmental, social and government factors. She will seek to integrate new data on the benefits of such investing into Oregon's public investments, Sinks said.

Speakers at the summit will highlight the business case for sustainable investment practices and case studies, including such innovations as Green Bonds, and how investments can be done to advance climate-related goals.

"Sustainable investing is the future, and the future can't wait," Read stated in a press release.

The event kicks off with a networking reception Wednesday evening, Sept. 5, at Widmer Brothers Pub, at 955 N. Russell St.. That will be followed by an-day session Thursday, Sept. 6 at the Leftbank Annex, 101 N. Weidler St.

For more information: www.oregon.gov/treasury/Pages/summit.aspx

This email address is being protected from spambots. You need JavaScript enabled to view it.

971-204-7866

@SteveLaw/Trib

facebook.com/portland.sustainable.life

To get Sustainable Life news delivered weekly to your inbox:  bit.ly/2Isfz1F 

Go to top
Template by JoomlaShine