8
Fund Performance and Strategy David G. Creighton President and CEO Cordiant Capital Inc. TBLI 2008 Europe November 13 & 14 Amsterdam 1

The Benefits of ESG Investing in Emerging Markets - CEE/SEE

Embed Size (px)

DESCRIPTION

A presentation by David Creighton at TBLI CONFERENCE EUROPE 2008.

Citation preview

Page 1: The Benefits of ESG Investing in Emerging Markets - CEE/SEE

Fund Performance and Strategy

David G. CreightonPresident and CEO

Cordiant Capital Inc.

TBLI 2008 EuropeNovember 13 & 14

Amsterdam

1

Page 2: The Benefits of ESG Investing in Emerging Markets - CEE/SEE

What Is Cordiant?

• Montreal-based manager of Emerging Market private equity and debt funds

• $1.4 billion of subscriptions since founding in 1999

- three debt funds: CELF I, CELF II & CELF III- one private equity fund: Canada Investment Fund for Africa

• Fund participants include a selection of the world’s top institutional investors

• Over 130 investments in more than 50 emerging countries

• All investments are screened and monitored for SRI

2

Page 3: The Benefits of ESG Investing in Emerging Markets - CEE/SEE

3

Gas pipeline

RealEstate

Container Port

Oil & Gas

Tire plant

SupermarketsPower GenerationBankCar LeasingOutdoor Advertising

Power Transmission

Gold Mine

Stainless Steel

Hotels

Water Utility

GeothermalPowerGeneration

Pig Breeding

Chemicals

Wood Products

Cement

Soybean Crushing & Logistics

Private PowerGeneration

Glass Factory

Oil & Gas Pipeline

Car LeasingNecktie Manufacturer

Banks

Oil & Gas

Banks

Bank

Regional Infrastructure Bank – Latin America

Toll Road Operator

Fertilizers

Ammonia Plant

Gas power plant Cosmetic

packaging

Potash Mine

Oil & Gas

Oil & Gas

Construction

Building Material Manufacturer

Mobile Telecom

Bank

Diesel Power Generation

Galvanized Steel

Electricity Distribution

Gold mineOil & Gas

Electric Power Generation

Banks

ConsumerPaper

Steel

Petrochemicals

Cordiant Investments

Petrochemicals

Mobile Telecom

Construction EquipmentLeasing

Page 4: The Benefits of ESG Investing in Emerging Markets - CEE/SEE

Does ESG Screening Add Value in EM?

• Focus on all the potential risks

• Demonstration effect

• It’s good business

4

Page 5: The Benefits of ESG Investing in Emerging Markets - CEE/SEE

5

Environmental Risks

• Peru: Yanacocha, Gold Mining

- Tailings Management

Page 6: The Benefits of ESG Investing in Emerging Markets - CEE/SEE

6

Social Considerations

•Nigeria: Eleme, Petrochemical

- Employee Ownership

Page 7: The Benefits of ESG Investing in Emerging Markets - CEE/SEE

7

Governance:The Demonstration Effect

• Kazakhstan: Bank Turen Alem

- Enlightened Management

Page 8: The Benefits of ESG Investing in Emerging Markets - CEE/SEE

8

TBLI 2008 Europe November 13 & 14, 2008

Cordiant Capital Inc.Suite 24001010 Sherbrooke Street WestMontreal, QC, Canada H3A 2R7www.cordiantcap.com