Heartland Co-Hosts Educational Roundtable, Announces New Book

The SVA’s Heartland Capital Strategies program co-hosted an event in Washington, DC last week with CORPaTH, an international alliance of pension stakeholders who believe working men and women earn and deserve secure retirement income.  CORPaTH facilitates the aggregation of information, ideas, and actions to preserve and strengthen retirement security for working people globally.

Tom Croft, the Executive Director of SVA, announced that SVA/Heartland won a new award from the AFL-CIO to develop a new guidebook on responsible pension investments.  This Responsible Investment Guidebook will enable pension trustees to implement the Responsible Investment language contained in the Federations’s Resolution 11 passed at the 2013 Convention in Los Angeles.   

Speakers and participants included: Ron Auer, Executive Director, CORPaTH; Tom Croft, Managing Director, Heartland Capital Strategies; Monte Tarbox, Executive Director, NEBF; Rob McGarrah, AFL-CIO Office of Investment; Kathleen Kennedy Townsend, Rock Creek Group, Past Lt. Governor, MD; David Blitzstein, Blitzstein Consulting; and Deborah Nisson, ULLICO Investment Advisors.


Infrastructure Investment: New Policy Momentum & Opportunities

By Leanne Tobias

This is part of a series on the explosion of interest in energy efficiency and retrofitting in the commercial and residential real estate space, and industrial facilities, by Leanne Tobias, CRE, FRICS, LEED AP, managing principal of Malachite LLC, a green real estate and energy efficiency advisor.  Leanne brings over 20 years of commercial real estate and portfolio management experience to green and energy-efficient properties.  She has served as a senior manager and Investment Committee member for union-backed institutional real estate investment funds with assets of over $3 billion, has advised the U.S. government on the energy-efficient retrofit of its 1.9 billion square foot portfolio, and helped to develop Washington, DC’s new energy retrofit finance program. 

As of mid-2014, U.S. infrastructure investment is beginning to rise on the priority list of federal, state and local policymakers.  It is an arena in which socially-responsible institutional impact investors, including pension funds and private equity investors, have much to contribute.

Increasing policy attention has been drawn to infrastructure investment for a number of reasons.  First, the need for new investment is critical.  As I reported in an earlier blog for Heartland,  the latest national infrastructure report card of the American Society of Civil Engineers rates the condition of American infrastructure a D+.  ASCE estimates that $3.6 trillion of new investment is needed by 2020 to improve the nation’s infrastructure to a grade of B, and that the annual gap between available and required financing stands at $210 billion.


Roundtable Discussion with CORPaTH

Earlier this year, the AFL-CIO hosted a CORPaTH and Heartland Investment Strategies Roundtable discussion in the Lewis Room of the AFL-CIO offices in Washington, D.C. Dialogue focused on invigorating defined-benefit retirement income plans for workers and increasing responsible investments within these plans.


A Special Interview with Heather Slavkin Corzo, New Director of the AFL-CIO Office of Investment

heather slavin resized

Heather Slavkin Corzo has been named the Director of the AFL-CIO Office of Investment, the department which gives workers a voice in capital markets by leading corporate governance shareholder initiatives and advocating legislative and regulatory reform.

In her previous role as Senior Legal and Policy Advisor for the Office of Investment, Corzo advocated for Wall Street reform in response to the 2008 financial crisis.

Corzo received her Juris Doctor from the Boston University School of Law in 2005 and was admitted to the Massachusetts Bar in the same year. She was also admitted to the Washington, D.C. Bar. 


©2014 Heartland Capital Strategies