Managing Partner, Summa Equity
Reynir Indahl is a Managing Partner at Summa Equity, a Nordic private equity fund with €1.4B in assets under management that he founded in 2016. Previously, he was Partner with Altor Equity Partners, which he joined at inception in 2003. Prior to this, he was CEO of Ignis Photonyx, Investment Director with Kistefos Venture Capital, and Engagement Manager with McKinsey & Company. Indahl has an MBA from Harvard Business School.
Co-Head of ESG Research - EMEA, J.P. Morgan
Jean-Xavier Hecker is a Co-Head of ESG Research for the Europe, Middle East, and Africa (EMEA) region for J.P. Morgan. He has spent his entire career in the field of sustainable finance. Most recently, he was an ESG analyst at Exane BNP Paribas, where he oversaw environmental and climate-related research. Hecker has a double master’s degree from Sciences Po Bordeaux and the University of Stuttgart.
Session Moderator - Bhakti Mirchandani
Director of Responsible Investing, Trinity Church Wall Street
Bhakti Mirchandani is Director of Responsible Investing at Trinity Church Wall Street. Previously, she was managing director at FCLTGlobal, ESG advisor at Corbin Capital Partners, investment management strategist at One William Street Capital Management and Lehman Brothers, and sustainable finance banker at Barclays Investment Bank and Unitus Capital. Mirchandani has master’s degrees from Harvard University.
Funding is disappearing from the industries involved in extracting fossil fuels. By one count, individuals and institutions have already committed to divesting more than $14 trillion from these industries.
While the price of crude oil hovers around $40 a barrel, clean power stocks are up 45% this year. The writing is on the wall: Investors are turning their backs on industrial companies that can’t show a clear commitment to sustainability, and the turbulence of 2020 is only accelerating this development.
In this session, we’ll follow the money to learn what’s driving investors’ decision-making processes. We’ll take an unvarnished look at where fossil fuel companies are falling short in investors’ eyes and explore how oil and gas and other industries can secure the funding needed to supercharge a sustainable transformation.