Advocacy Talking Points 1 September 2020
Timber, Pulp, and ESG Risk
ESG series webinar presented by CFA Institute, ZSL SPOTT, and CFA Society Singapore
Webinar Presentation: Timber, Pulp, and ESG RiskDownload PDF
The fight against climate change will not be won without addressing deforestation. Keeping tropical forests standing could provide up to 30% of the mitigation needed to combat climate change.
The latest SPOTT assessment of 100 of the most significant tropical timber and pulp companies, published by conservation charity ZSL, shows that:
- Over half (54%) do not publicly commit to protect biodiversity (49/90 companies)
- 44% have yet to publicly commit to zero-deforestation
Investors are showing an increased concern for the social impacts of deforestation and how it can affect local communities and indigenous peoples, who depend on forests for their livelihoods. This means that the companies in the timber and pulp sector that do not protect our forest resources may be exposed to financial and reputational risk. An increasing number of financial institutions and major brands are adopting commitments to address deforestation in their portfolios and supply chains, but more action is needed.
This webinar, hosted by the CFA Institute in collaboration with ZSL SPOTT helps financial practitioners understand the main ESG risks posed by the timber and pulp industry. The speakers discuss the challenges and opportunities they meet in the implementation of sustainable planting and forest management practices.
- Charlie Hammans, Forestry TechnicalAdvisor, Zoological Society of London
- Fook Leong Chan, CFA, Executive Director, Advocacy, CFA Society Singapore
- Ashkan Rahmati, Head of Corporate Development and Strategy, Woodbois
- Clara Melot, SPOTT Engagement and Impact Manager, Zoological Society of London
- Alan Lok, CFA, Director, Ethics Education and Professional Standards, Asia-Pacific, CFA Institute
Watch the Webinar
Charlie Hammans leads ZSL’s SPOTT Timber and pulp workstream as the Forestry Technical Advisor, managing activities across Cameroon, Gabon, Republic of Congo, China, and Indonesia. Charlie joined ZSL in the summer of 2019 in the Palm Oil team before transitioning to the forestry team. Before joining ZSL, Charlie worked with various human rights initiatives, with a focus on securing land rights for indigenous peoples. His most recent role was as a Project Officer for the Central African Republic and Republic of Congo at Forest Peoples Programme. He has a BA in History and French from the University of Bristol, and an MA in Human Rights from University College London. Charlie speaks English, French, Spanish and Portuguese.
Mr Chan Fook Leong, CFA is responsible for ethics education in CFA Society Singapore. He puts together ethical courses for practitioners based on the CFA Institute Code of Ethics and Standards of Professional Conduct. He also conducts training on ethics for financial institutions and writes on ethical issues for the CFA Singapore Insights Column in the Business Times.
In his current role, Mr Chan is also involved in thought leadership projects, sector analysis, investor education and protection, undergraduate outreach on ethics and issues relating to ESG and market integrity. He is also the representative in Singapore for Asia Pacific Research Exchange (ARX), a dedicated repository for Asia Pacific specific research and materials. Prior to joining CFA Society Singapore, Mr Chan co-authored a market manipulation research report on Singapore-listed companies
Ashkan is the Head of Corporate Development and Strategy at Woodbois and is part of the overall management team for Woodbois. Ashkan has c.10 years of private equity, investment and corporate development experience in the African and Middle Eastern markets. Prior to Woodbois, Ashkan worked in the private equity space in Iran with Griffon Capital and prior to Griffon was part of the Private Equity team at CDC Group managing and making investments across Africa and South Asia with a particular focus in the Agri-Forestry space.
Clara joined the Zoological Society of London (ZSL) in 2016 where she leads on engagement with the finance sector to promote the ESG assessments of Timber, pulp and palm oil producers and traders provided on ZSL’s SPOTT platform. Clara has an MA from La Sorbonne University and an MSc in Environmental Policy and Regulation from the London School of Economics. Before joining ZSL, Clara worked in the Corporate partnerships department at WWF-France and supported the work of the Climate and Forest team at London-based environmental NGO ClientEarth.
Alan Lok, CFA, researches and writes on investor protection issues and capital market structure and coauthored a CFA Institute position paper on capital market integrity, titled “Portfolio Pumping in Singapore: Myth or Reality”. Mr. Lok has more than 10 years of equity research experience, spanning various industries and sectors.