Assessing and Reporting on Climate Risks

Evolving LP expectations and industry standards highlight the vast array of physical and transitional climate risks inherent in investing in today’s global markets. This fund manager training presented models for assessing climate risks in portfolios and includes practical first-hand insights from GPs at the company level.  
 
In this training, leading practitioner faculty members: 

• Described how frameworks, such as TCFD, can help with not only disclosure/reporting but with climate risk management  
• Considered how to conduct effective scenario analysis 
• Heard from fund managers on how they assess and report on climate risks  

Practitioners

Bence brings 15 years of decarbonization related investment experience to Navis. At Navis, he is responsible for ESG across portfolio companies, as well as sustainability and decarbonization-related equity and credit investments. Prior to joining Navis, Bence was a Director at SUSI Partners Asia for 4 years, where he was instrumental in raising the SUSI Asia Energy Transition Fund and executing its initial investments across Asia. He has extensive experience in Sustainability and Energy Transition, Corporate Equity, Mezzanine and Asset Level Equity.

Prior to SUSI Partners, he was a Director at Sunseap Group, responsible for the company’s international arm, acquiring, financing and executing over 400MW of solar PV projects. Prior to Sunseap, Bence worked for SEPCOIII Electric Power Construction Corporation in Beijing, PR China, and KPMG Corporate Finance in Europe and Singapore.

Bence holds a BSc. in International Business Management from Avans Hogeschool and also BA in Business from Oxford Brooks University.

Raj Pai is a Founding Partner of GEF Capital Partners and co-head of the South Asia investment practice. He is based in Mumbai, India where he focuses on middle market growth equity opportunities in South Asia.

Mr. Pai joined Global Environment Fund as a Managing Director in 2008 before founding GEF Capital Partners in 2018. While at Global Environment Fund, Mr. Pai worked across multiple portfolios and was involved in the establishment of the South Asia investment program. In addition to overseeing guidance and operations of the South Asia program, including as ESG coordinator, Mr. Pai served as the nominee representative for several portfolio companies, including IEX (exited via IPO in 2017), iClean (sold to Takasago Thermal, Tokyo) and others. He participated in the exit of Reva Electric Car to Mahindra Electric.

Mr. Pai has over 23 years of professional experience spanning entrepreneurial, operational and venture investing activities in India and in the US. Prior to joining Global Environment Fund, Mr. Pai was a Managing Director at CID Capital, a 30-year old growth equity investment firm investing growth and expansion stage capital in the US. During this period, Mr. Pai oversaw and/or worked on a number of the firm’s investments, leading efforts in technology, life sciences and clean technology. Prior to CID, Mr. Pai worked in consulting and in operational capacities for various Fortune 1000 technology companies globally, including American Management Systems (AMS), British Telecom and AT&T.

Mr. Pai currently serves on the board of directors of ESDS, Inc. and is also the nominee representative for Global Environment Fund for Concord Enviro, Rishabh Instruments and Prince Pipes.

Mr. Pai received a B.S. in Computer Engineering from the University of Bombay, a Master of Computer Science from Arizona State University and an MBA from the University of Chicago. He is a dual US–India citizen and speaks three native Indian languages as well as English.

Charissa Bosma is a sustainable finance professional with 10 years of experience working in development finance. Currently, she is a Sustainable Finance Officer at FMO, where she works as a green finance expert. She also worked on fundraising, setting up, and managing the FMO-managed Dutch Fund for Climate and Development in her past positions at FMO. In addition to her work at FMO, she is doing a PhD at Wageningen University and Research on public and private investments in climate adaptation and biodiversity. She holds master’s degrees in Financial Economics and Environmental Sustainability.