ET Quality Assurance Panel
The Quality Assurance Panel consists of professionals from different disciplines and backgrounds who review the ET Carbon Ranking methodology, assisting the process of integrating new rules as and when they become feasible and appropriate.
The Panel meets at least once a year to discuss, review and vote on any changes made to the methodology. The Panel also has a responsibility to deal with submissions under the ET Carbon Ranking Appeal Procedure.
ET Index Research distinguishes between issues of methodology and issues of data accuracy. In the case of a methodology submission, such as comments on disclosure categories or the inference methodology employed, these will be presented to the Panel for review and determination.
In the case of a Data Appeal where a company feels its publicly reported information has been inaccurately represented in the Carbon Rankings (e.g. a decimal place is in the wrong place) the Chairman of the Panel will act as the arbiter in any case where ET Index Research and the company in question cannot resolve the issue under the existing Appeal Procedure.
Michael Mainelli, Panel Chair
Alderman Professor Michael Mainelli is Emeritus Mercers’ School Memorial Professor of Commerce at Gresham College, having held the chair from 2005 to 2009. His first degree was in Government from Harvard, followed by mathematics and engineering studies at Trinity College Dublin and a PhD from the London School of Economics in chaotic systems, where he was also a Visiting Professor.
Professor Mainelli is Executive Chairman of Z/Yen, the City of London’s leading commercial think-tank and venture firm, which he co-founded in 1994 to promote societal advance through better finance and technology. A qualified accountant (FCCA), securities professional (FCSI), computer specialist (FBCS) and management consultant (FIC), Michael began his career as a research scientist in aerospace (rockets) and computing (architecture & mapping). He later became a senior partner with accountants BDO Binder Hamlyn directing global consulting projects. During the 1990s he worked for the UK Ministry of Defence as Corporate Development Director for Europe’s then largest R&D firm, the Defence Evaluation & Research Agency leading to two privatisations. Career highlights include directing Z/Yen’s Long Finance initiative with Gresham College and the City of London Corporation asking “when would we know our financial system is working?” as well as creating the Global Financial Centres Index, Global Intellectual Property Index, London Accord and Farsight Award. Michael also conceived and produced the first complete digital map of the world in 1983, Mundocart (a 1980’s Google Earth), and the $20 million Geodat consortium cartography project.
Michael is non-executive Director of the United Kingdom Accreditation Service (UK’s national body for standards and laboratories) and AIM-listed Wishbone Gold Plc.
Adam Rose, Panel Secretary
An LSE (London School of Economics and Political Science) economic geography graduate, with postgraduate qualifications in management, marketing and corporate governance. Adam is an experienced provider of research services for government, corporate bodies and the investment sectors and has specialized in Risk Management and Socially Responsible Investment research techniques for over 10 years. He has built up several research teams, has been a freelance consultant and research advisor for the SERM Rating Agency, and is now currently corporate governance executive and ratings officer at Pensions Investment Research Consultants Ltd (PIRC). He is co-author of The Handbook of Business Risk Management: A sustainable approach (CIMA/Elsevier), and is contributor to The Due Diligence Handbook (CIMA/Elsevier). He is currently writing on the subject of corporate governance risk and developing training material for a Sustainable Enterprise Risk Management framework. Adam is also an Affiliate Member of the Institute of Chartered Secretaries and Administrators.
Cary Krosinsky, panel member
Cary Krosinsky is Executive Officer of the Network for Sustainable Financial Markets. He is lead editor of Evolutions in Sustainable Investing, (along with NSFM participants Nick Robins & Stephen Viederman), a recent book (Wiley, 2012) on the positive strands of SRI, including 15 case studies, regional perspectives and thought leadership from Dan Esty, Paul Hawken, Rory Sullivan, Roger Urwin and a host of others. Cary is also co-editor of a previous book on this subject – Sustainable Investing: the Art of Long Term Performance, also with Nick Robins (Earthscan, 2008).
Until October 2012, Cary was Senior Vice President & member of the Management team for Trucost, which has become the recognized global leader in corporate environmental data & analysis including advising the respected Newsweek Green Rankings. He also teaches sustainability & investing at Columbia University’s Earth Institute, and an MBA course on the same subject at the University of Maryland’s Robert H. Smith School of Business, and is a frequent speaker on the intersection of sustainability & ownership. He was a member of the Expert Group that helped create the United Nations Principles for Responsible Investment.
Cynthia Cummis, panel member
Cynthia Cummis is the Deputy Director of GHG Protocol within WRI’s Climate and Energy Program. In this role she manages GHG Protocol’s corporate work which includes activities related to the Corporate, Scope 3 and Product Life Cycle Standards.
Cynthia is a well-known expert in GHG accounting and brings more than 15 years of experience working on the issue of global climate change. Prior to WRI, Cynthia was the Director of Carbon Management at Clear Carbon Consulting where she managed carbon quantification and management projects for multiple Fortune 500 clients as well as large public institutions. Ms. Cummis was the Founding Director of U.S. EPA’s Climate Leaders Program, a voluntary program that partnered with businesses to develop corporate-wide greenhouse gas inventories and reduction goals. For more than 5 years, she led the design and implementation of the program and oversaw the growth of the program to more than 90 corporate Partners.
Cynthia holds a MPA in environmental policy from Columbia University in New York City and a B.S. from Cornell University in Ithaca N.Y.
Stanislas Dupré, panel member
Stanislas Dupré initiated the 2° Investing Initiative and now serves as Director.
Previously Stanislas Dupré was Executive Director of Utopies (a CSR consultancy) after a career as CSR consultant and R&D manager. Stanislas has been working on 2° investing topics since 2007 when he developed the first assessment methodology for ’financed emissions’ of banks and diversified portfolios (for Caisse d’Epargne/Natixis, the ADEME, WWF and Friends of the Earth). In 2010, he wrote a book about the role of financial institutions in financing the energy transition.
Stanislas is also Non-Executive Director of a green private equity fund (NEF-CEM), lecturer at Paris-Dauphine University and member on the expert committees of the NYSE-Euronext Low-Carbon Index and Novethic. He holds stakes in several specialized consultancy firms.
Julie Raynaud, panel member
Julie Raynaud is a senior sustainability analyst in Kepler cheuvreux’s ESG team, specialising in environmental research. Prior to this, she was a research analyst for Trucost helping organisations measure and manage the environmental impacts associated with their own operations, supply chains and investment portfolios.
Julie is an expert in greenhouse gas emissions accounting, assurance and Life Cycle Assessments. She has worked with Puma to produce an environmental profit and loss account, quantifying and valuing in financial terms the cradle-to-gate environmental damages of 19 products and the cradle-to-grave environmental damages of 6 products. She has regularly performed limited assurances (AA1000) of GHG emissions for reporting to the Carbon Disclosure Project, and has screened Life Cycle Assessments in partnership with NSF and the Carbon Fund for GHG compensation and offsetting. Julie was responsible for the data analysis, quality control and communication with 65+ largest companies by market capitalization within the consumer good sectors for the Newsweek Green Ranking which had 1.5 million hits on its webpage
Matthew Brander, panel member
Matthew is a Senior Research Fellow at the Centre for Business and Climate Change at the University of Edinburgh’s Business School. He has moved to academia from a career in consultancy, with over seven years’ experience in greenhouse gas accounting and climate change policy appraisal.
He has worked on projects for the UK’s Department for Energy and Climate Change (DECC), the Department for Transport, the Scottish Government, and the Government of Norway, as well as for numerous corporate clients. He is on the peer-review panel for Defra’s conversion factors for company reporting.
Matthew is a member of two GHG Protocol technical working groups, one for the forthcoming Policy and Actions Standard, and the second on green power accounting.
He has a MSc in Environmental Sustainability from the University of Edinburgh, an MSc by research in philosophy, and an MA in philosophy. He is currently undertaking his doctoral research on the application of consequential methods to corporate greenhouse gas accounting.
Julian Poulter, panel member
Julian Poulter is the Founder and Executive Director of the Asset Owners Disclosure Project. He is also Business Director of research and advocacy group The Climate Institute, based in Australia. Julian is an experienced business executive with his primary experience in strategy and change consulting combined with several CEO and director roles. He has managed companies and projects in many diverse industries including investment, finance, manufacturing, energy, oil and gas, distribution, retail, telecoms, IT, tourism, transportation, commercial property, and media. He is a stakeholder council member of the Global Reporting Initiative and Chair of the GRI Investor Working Group.