Academic webinar on ESG and Real Estate

Summary:

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This webinar features some of the newest and most practitioner relevant research on ESG and Real Estate. Dr. Tessa Hebb will present her paper on “Responsible Property Investing in Canada: Factoring both Environmental and Social Impacts in the Canadian Real Estate Market”. This paper explores responsible real estate investment in Canada by examining both environmental and social factors and their potential impact on such investments. Assistant Professor Nils Kok will present his latest paper on “Sustainability and the Dynamics of Green Building”. This paper is the follow-up of “Doing Well by Doing Good: Green Office Buildings” and analyzes the dynamics of green building and the private returns to the surge in investments in energy-efficient office buildings during the recent downturns in property markets. After the two presentations an academic and an investment practitioner will comment on the papers while leaving the last 15 minutes of the webinar open to questions from the participants.

Dr. Tessa Hebb, Director at the Carleton Centre for Community Innovation (3CI), Carleton University Dr. Tessa Hebb’s research focuses on the financial and extra-financial impact of pension fund investment in Canada and internationally. The Carleton Centre for Community Innovation is a leading knowledge producer on Financing for Civil Society. Dr. Hebb is also a senior research associate at the Labor and Worklife Program, Harvard University and the Oxford University Centre for the Environment. Listen to recording:

She is researching the role of US public sector pension funds and urban revitalization as lead investigator on a three-year Rockefeller and Ford Foundation grant. Her doctoral work at Oxford University examined the impact of pension fund corporate engagement on the corporate governance, social and environmental standards of firm behaviour.

Assistant Professor Nils Kok, Maastricht University Assistant Professor Nils Kok currently holds positions as visiting scholar at the Haas School of Business, UC Berkeley and as assistant professor in Finance and Real Estate at Maastricht University, the Netherlands. His main research focus is on sustainability issues in the real estate sector, concentrating on the economic implications of energy efficiency in buildings – residential as well as commercial – in the marketplace. Listen to recording:

Besides scientific work at Maastricht University, where he also teaches courses in Corporate Finance and Real Estate Finance, Kok works with institutional property investors, such as APG and PGGM, on the implementation of sustainability policies. Nils Kok communicates his ideas and findings in the international arena as a frequent speaker on academic and industry conferences, and actively shares his expertise through workshops with investment practitioners and policy makers. His research has appeared in leading academic journals such as the American Economic Review, Real Estate Economics and the Journal of Real Estate Finance and Economics.

Marcin Kacperczyk, Assistant Professor of Finance, Stern School of Business, NYU Marcin Kacperczyk joined New York University Stern School of Business as an Assistant Professor of Finance in September 2008. Prior to joining NYU Stern, Professor Kacperczyk was an Assistant Professor of Finance at the University of British Columbia. Professor Kacperczyk’s research interests focus on institutional investors, empirical asset pricing, mutual funds, socially responsible investing and behavioral finance. Listen to Recording: Listen to recording:

His research has been published in the Journal of Finance and the Review of Financial Studies. Two of his papers have been nominated for the Smith Breeden Prize. Professor Kacperczyk earned his M.A. in Banking and Finance from the Warsaw School of Economics, Poland, and his Ph.D. in Finance from the University of Michigan, Ann Arbor.

Mathieu Elshout Senior Investment Manager Real Estate Europe, PGGM Investments Mathieu Elshout joined the PGGM Private Real Estate team in 2008 as Senior Investment Manager for Europe. His special focus is on sustainability within Real Estate. Before joining PGGM he was working at Grontmij Capital Consultants. Listen to recording:

PGGM Private Real Estate consists of three regional teams covering Europe, Asia-Pacific and the America’s. On behalf of its clients, Dutch pension funds, the team runs a well diversified core global real estate portfolio of approximately €6.0 billion of which €2.5 is invested in Europe. The PGGM Private Real Estate Fund has a track record of high and stable returns. One of their investment beliefs is ‘sustainability pays of’.

Elshout holds a Bachelor in Environmental Management and earned a Master of Real Estate degree form the Amsterdam School of Real Estate. His expertise is on real estate investment management and consultancy in real estate, infrastructure, urban development and environmental management.

Date: 14 April 2010

Timing:

PST/San Francisco 07:00
EST/New York 10:00
Brasil 12:00
BST 15:00
CET 16:00
South Africa 17:00

Company ID: 5522
Participant code: 763496
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For more information please contact:

Christina Gehring, PRI Secretariat
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