![]() ![]() Ian Callaghan, co-founder of NDCi.global: and become a focal point as it looks to fully green its investments in people and planet". To celebrate the life of Tessa Tennant and others working in 'green finance', a sculpture is to be commissioned in the City of London "to inspire the finance community. When running the Ecology Fund, she had to fight her ground against Jupiter founder John Duffield – frequently described in the City as 'a colourful character' – and when heading to Hong Kong to set up ASrIA, she shrugged off a friend's warning that: "you'll end up in a body-bag at the bottom of Victoria Harbour". In addition to her imagination, charm and determination, she was also brave. That "inspired a whole wave of supply of socially responsible investment funds," and was subsequently replicated in many other countries, Waygood added. As a result of Tessa's pressure, this reform required defined benefit pension schemes to set out policies on ethical, social and environmental issues, he noted. One of her most significant achievements, he noted, was the 1998 reform of the UK Pensions Act. "Everyone who works in the responsible investment industry has her to thank for their jobs," said Steve Waygood, chief responsible investment officer at Aviva Investors. She remained a valued contact and sounding board.Īmong numerous honours, she received the OBE (Order of the British Empire) this year and in June was awarded the inaugural Lifetime Achievement Award in the Financial Times/IFC Transformational Business Awards. ![]() ![]() She had "a very distinct voice of activism, change, insight, building things and drawing people together," said Mark Campanale, founder of the CTI.Įnvironmental Finance benefitted directly from her enthusiasm and insights during discussions with the founders back in 1999 when the publication was still at the concept stage. ![]() Many of these initiatives evolved from discussions with like-minded friends and colleagues over the dining table in Glen House, her home in the Scottish Borders. She also served on the board of several funds, companies and not-for-profits, including the US Calvert Social Funds, the UK's Green Investment Bank, and Syntao Green Finance in China, and on the advisory board of the Carbon Tracker Initiative (CTI).įollowing the signing of the Paris Agreement on climate change in 2015, she devoted much of her time to NDCi.global, which aims to help translate countries' emission reduction commitments into investment-ready projects, and the Climate Finance Accelerator. Her many accomplishments include co-founding the UK's first green investment fund – the Merlin (now Jupiter) Ecology Fund – in 1988 the UK Social Investment Forum the Carbon Disclosure Project the UNEP Insurance Initiative the Association for Sustainable and Responsible Investment in Asia (ASrIA, now part of PRI) and The Ice Organisation, which rewards green consumerism. Tessa Tennant, a pioneer of the responsible investment industry, and a good friend of Environmental Finance, has died of cancer at the age of 59. ![]()
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