Our purpose
Providing insights to investors that will contribute to a better understanding of how sustainability should be considered in investment approaches
We commission research on sustainability issues, looking in detail at a specific topic from different viewpoints.
This research will help investors, individuals, companies, policy makers and regulators better understand how their decisions can contribute to better outcomes for the environment and society.
The institute aims to provide research on topics that can advance sustainable investing. This will include examining market trends and practices that the investment industry must address if it is to make an active and positive contribution. These topics may include behavioural, societal, cultural, macro and systemic changes, impacts of regulation and how such trends impact the performance of companies, sectors, and economies, and influence the allocation of capital by investors.
Mark Steinberg, CEO First Sentier Investors
Introduction video
We introduce the background and objectives of the Institute in this short video.
Click below to find out more about its value to stakeholders within the investor eco-system.
SII Introduction English
Who we are
The Institute is jointly supported by First Sentier Investors (FSI) and Mitsubishi UFJ Trust and Banking Corporation, a consolidated subsidiary of MUFG. Representatives of both organisations will provide input to the activities of the Institute.
An Academic Advisory Board will advise the Institute on sustainability and sustainable investment research initiatives. The Academic Advisory Board will comprise prominent leaders from academia, industry and non-governmental organisations in the fields of Responsible Investment, climate science and related ESG endeavours. The Board will provide independent oversight to ensure that research output meets the highest standards of academic rigour.
SII Team Members
Sudip Hazra
Director of the First Sentier MUFG Sustainable Investment Institute
Sudip Hazra is Director of the First Sentier MUFG Sustainable Investment Institute. Previously Director of ESG Research at Invesco and Head of ESG Research at financial services firm Kepler Cheuvreux in London and Paris, he has worked to lead teams at the forefront of sustainable investing. At Bloomberg in London, his team launched ESG functionality on the terminal globally. Prior to this, Sudip worked with Arthur Andersen, 3M and Henkel.
He has a BA from Oxford University and an MA from QMUL and was a student mentor at these universities.
Elena Zharikova
Research Analyst
Elena is a Research Analyst at the First Sentier MUFG Sustainable Investment Institute. Prior to joining SII, Elena worked as a Senior ESG Consultant at a boutique corporate advisory firm in London. In that role, she was responsible for the development and execution of the ESG research strategy, including several thought leadership publications. Her responsibilities also covered product development and advisory services across a wide range of ESG topics.
Elena holds a PhD in Law and an LLM in International Business and Commercial Law from the University of Manchester.
Yuichi Nakao
Manager at the First Sentier MUFG Sustainable Investment Institute
Yuichi Nakao is a Manager at the First Sentier MUFG Sustainable Investment Institute. He joined the Institute from Mitsubishi UFJ Trust and Banking Corporation (MUTB). Prior to this he was a Senior Manager at MUTB where he provided a range of client services including portfolio management of Japanese equity, management of client portfolios, system development.
He holds a Bachelor’s degree in Science and Technology from Keio University and certificates in ESG Investing from the CFA UK and is a certified member analyst of the Securities Analysts Association of Japan (CMA).
Steering Committee
Satoshi Someya
Executive Officer and General Manager, Asset Management and Investor Services Planning Division, Mitsubishi UFJ Trust and Banking Corporation
Satoshi Someya is responsible for leading the company’s asset management and the administration/custody businesses. Prior to the current role, he led global asset management business of the company, as well as an overarching role with respect to the business related to First Sentier Investors via Mitsubishi UFJ Trust and Banking Corporation.
He joined the company in 1994, and since then he has built his career in the company’s asset management business, including 8 years as a Japan equity analyst and also 11 years in asset management strategy and corporate business development. He also held a position as General Manager for Hong Kong Barnch.
He has a Bachelor’s degree from the Hitotsubashi University, Faculty of Commerce.
Jun Taguchi
Head of Global Asset Management Office, Mitsubishi UFJ Trust and Banking Corporation
Jun is responsible for leading the global asset management business of Mitsubishi UFJ Trust and Banking Corporation, as well as business related to First Sentier Investors, including overseeing the internal control framework and seeking business synergies between MUFG Group and First Sentier Investors.
Since he joined the company in 1997, he has built up his career and held a number of projects in acquisition and global corporate structural changes in the MUFG Group companies to satisfy global regulatory requirements, including 9 years of working experience in New York. He also gained a marketing skill set through his experience of sales promotions to institutional and retail clients.
Jun holds a Bachelor’s degree from Hitotsubashi University, Economics, Japan.
David Allen
Global Head of Investment Management, Product and Responsible Investment, First Sentier Investors
David Allen was appointed to the role of Global Head of Investment Management in November 2021. More recently, in 2022, David assumed responsibility for both the Product and Responsible Investment businesses at FSI.
David has over 20 years’ global asset management experience, where he specialised in building investment businesses and leading investment teams.
Prior to First Sentier Investors. David spent five years at AMP Capital as Global CIO, Equities and previously held senior investment leadership roles at Sarasin & Partners, Fidelity International, and Pioneer Investments. In these roles he has led teams across a wide range of capabilities, including equities, fixed income, multi-asset, ESG, dealing, risk management and operations.
David holds a Masters Degree in Chemical Engineering from Imperial College, London, and spent the early part of his career in the oil and gas industry.
Ken Mitsutani
Chief Research Officer, MUFG Asset Management Sustainable Investment
Ken Mitsutani has led the engagement team of MUFG Asset Management since April 2023. After working in a wide range of roles within the asset management businesses of Mitsubishi UFJ Trust and Banking for many years, he joined First Sentier Investors' Responsible Investment team based in London from 2019 as the Head of Responsible Investment EMEA. He also established the First Sentier MUFG Sustainable Investment Institute, a collaborative initiative between First Sentier Investors and MUFG focused on responsible investment which has published various reports on topics relating to sustainable investment.
He is a member of the Advisory Committee of PRI Japan.
Ken holds a Bachelor of Economics from the University of Tokyo and certificates in ESG Investing, and Climate and Investing from the CFA UK.
Kate Turner
Head of Responsible Investment, First Sentier Investors
Kate Turner is a leading figure in the responsible investment and sustainable finance space in Australia. As Global of Head of RI at First Sentier Investors, Kate combines an impressive legal background with significant experience in structuring sustainable finance deals and advising investment professionals on applying an RI lens to their strategies.
Kate’s dedication to acting on critical issues including climate change and modern slavery has made Kate a well-known figure in the investment sector. This includes her role as Chair of the Steering Group for Investors Against Slavery and Trafficking APAC – a forum in which she has been a driving force.
Harry Moore
Global Head of Distribution, Marketing & Communications, First Sentier Investors
Harry Moore was appointed Global Head of Distribution of First Sentier Investors in May 2020 to provide oversight of sales and to manage client relationships globally In 2022, Harry’s role expanded to include responsibility for the Marketing & Communications function.
Harry is a member of the executive leadership team. Prior to this role, he was Managing Director, Australia, New Zealand & Japan with responsibility for business development and client service in these markets.
Before joining the firm in June 2010, Harry spent six years at Russell Investments as a consultant in the Institutions and Governments team, providing strategic investment advice and implementation to domestic and pan-Asian clients. Harry has also worked as a client advisor and analyst at UBS Wealth Management Australia and Johnson Taylor Potter.
Harry holds a BA Honours from the University of Melbourne.
Yoshiki Ueno
Deputy Chief Executive Officer, First Sentier Investors
Yoshiki Ueno was appointed Deputy Chief Executive Officer in March 2022. He has been working for First Sentier Investors since August 2019, and was appointed Head of US Governance in September 2021. As part of his role, he worked closely with Managing Director, Americas, Bachar Beaini, as he managed the US consultation and reporting process with FSI’s US parent companies - MUFG Americas and MUFG Fund Services (USA).
Prior to his time at FSI, Mr. Ueno spent over 20 years at FSI’s shareholder Mitsubishi UFJ Trust and Banking Corporation in a variety roles including corporate finance, strategy planning for asset management and investor services business, and project management office of integration projects.
Mr. Ueno has a MBA from the International Corporate Strategy, Hitotsubashi University and a Bachelor's degree in Political Science from Waseda University.
Kazuhiro Kikuchi
General Manager, Asset Management Division, Mitsubishi UFJ Trust and Banking Corporation
Kazuhiro Kikuchi is an accomplished professional with a proven track record in asset management. As the General Manager of the Asset Management Division at Mitsubishi UFJ Trust and Banking Corporation, he has led portfolio management for pension funds and corporate client funds.
With over 26 years of experience in global investment, he developed a deep understanding of a wide range of products and markets.
He joined the company in April 1992 and has since held various key positions, showcasing his expertise. His performance led to his appointment as a senior fund manager for banking accounts at both the Tokyo head office and London branch. He also served as the Chief Portfolio Manager for the Singapore Branch.
In addition to his investment expertise, he possesses a good understanding of ESG issues. During his tenure as the head of the Credit Risk Management Office in the Corporate Administration Division, he played a pivotal role in shaping MUFG Environmental and Social Policy Framework.
He holds a Bachelor’s degree in Law from Aoyama Gakuin University and is a Chartered Member of the Security Analysts Association of Japan (CMA).
Academic Advisory Board
Alex Edmans
Professor of Finance, London Business School
Alex Edmans is Professor of Finance at London Business School. Alex graduated from Oxford University and then worked for Morgan Stanley in investment banking (London) and fixed income sales and trading (New York). After a PhD in Finance from MIT Sloan as a Fulbright Scholar, he joined Wharton in 2007 and was tenured in 2013 shortly before moving to LBS.
Alex’s research interests are in corporate finance, responsible business and behavioural finance. He is a Director of the American Finance Association; Vice President of the Western Finance Association; Fellow, Director, and Chair of the Ethics Committee of the Financial Management Association; Fellow of the British Academy; and Fellow of the Academy of Social Sciences. From 2017-2022 he was Managing Editor of the Review of Finance, the leading academic finance journal in Europe.
Alex has spoken at the World Economic Forum in Davos, testified in the UK Parliament, presented to the World Bank Board of Directors as part of the Distinguished Speaker Series, and given the TED talk What to Trust in a Post-Truth World and the TEDx talks The Pie-Growing Mindset and The Social Responsibility of Business with a combined 2.8 million views. He has written for the Wall Street Journal, Financial Times, Harvard Business Review and World Economic Forum and been interviewed by Bloomberg, BBC, CNBC, CNN, ESPN, Fox, ITV, NPR, Reuters, Sky News, and Sky Sports.
Alex serves as a Non-Executive Director of The Investor Forum, on the World Economic Forum’s Global Future Council on the Future of Responsible Investing, on Royal London Asset Management’s Responsible Investment Advisory Committee, and on Novo Nordisk’s Sustainability Advisory Council. The UK government appointed him (jointly with PwC) to study the alleged misuse of share buybacks and the link between executive pay and investment. Alex previously served as Mercers’ School Memorial Professor of Business at Gresham College, giving a four-year programme of lectures to the public. His series were on The Principles of Finance (2021/2), The Psychology of Finance (2020/1), Business Skills for the 21st Century (2019/20) and How Business Can Better Serve Society (2018/9).
Alex’s book, Grow the Pie: How Great Companies Deliver Both Purpose and Profit, was featured in the Financial Times Best Business Books of 2020 and won the Financial Times award for Excellence in Sustainable Finance Education; it has been or is being translated into Arabic, Chinese, French, Italian, Japanese, Korean, Portuguese, Russian, and Turkish. He is a co-author of Principles of Corporate Finance (with Brealey, Myers, and Allen). His latest book, May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases – And What We Can Do About It, was published by Penguin Random House in April 2024.
Alex was named Professor of the Year by Poets & Quants in 2021. He has won 26 teaching awards at Wharton and LBS, won the Finance for the Future award for Driving Change in the finance community, and featured in Thinkers50 Radar.
Norichika Kanie
Professor, Graduate School of Media and Governance, Keio University
Professor Norichika Kanie is a representative of xSDG Laboratory, Keio Research Institute at SFC, and an Adjunct Professor at United Nations University Institute for the Advanced Study of Sustainability (UNI-IAS).
Before joining Keio, he worked at the Graduate School of Decision Science And Technology, Tokyo Institute of Technology, and Department of Policy Studies, the University of Kitakyushu. From August 2009 to July 2010, he had been Marie Curie Incoming International Fellow of the European Commission and a visiting professor at Sciences Po, Paris.
He serves various committees and steering groups, including: co-chair of Future Earth SDG Knowledge-Action Network (KAN); a scientific steering group member of the Earth System Governance project; a commissioner of the Earth Commission; a member of the SDGs Promotion Roundtable Meeting, established by the Japanese government under the SDGs Promotion Headquarters; a member of the Expert Study Group for the Promotion of SDGs by Local Governments for Japanese Cabinet Office.
His research focuses on International Relations, Sustainability, and Earth System Governance. During FY2013 to FY2015, he was a project leader of the “Project on Sustainability Transformation beyond 2015(POST2015)”, with support from the Environment Research and Technology Development Fund, Ministry of the Environment, Japan.
He has participated in the formulation of the Sustainable Development Goals (SDGs), the common goals adopted by the United Nations, from the conception stage. He is a leading authority on the SDGs, and is striving to balance research and practice.
He has been appointed by the UN Secretary-General as a member of fifteen independent scientists to prepare the 2023 Global Sustainable Development Report.
His recent publications are 「SDGs(Sustainable Development Goals)」(Chukoshinsho, 2020, in Japanese), and “Governing through Goals: Sustainable Development Goals as Governance Innovation” (MIT Press, 2017, co-edited with Frank Biermann).
He received his Ph.D. in Media and Governance from the Keio University.
Timo Busch
Professor, School of Business, Economics and Social Science of University of Hamburg. Senior Fellow, Center for Sustainable Finance and Private Wealth of University of Zurich
Timo Busch is a full professor at the School of Business, Economics and Social Science of University of Hamburg and Senior Fellow at the Center for Sustainable Finance and Private Wealth of University of Zurich.
He is member of the steering committee on the Science Platform Climate Protection advising the German government. He teaches courses on corporate sustainability, business strategy & the environment, and sustainable finance. Before joining University of Hamburg he worked as lecturer for ETH Zürich and project manager for the Wuppertal Institute for Climate, Environment and Energy. His research interests include strategies towards a low-carbon economy, the business case for sustainability, corporate eco-efficiency, and sustainable finance.
About MUFG
For more information about MUFG, please visit https://www.mufg.jp/english
About the Trust Bank
For more information about the Trust Bank, please visit https://www.tr.mufg.jp/english
About First Sentier Investors
First Sentier Investors (formerly First State Investments) is a global asset management group focused on providing high quality, long-term investment capabilities to clients. We bring together independent teams of active, specialist investors who share a common commitment to responsible investment and stewardship principles. These principles are integral to our overall business management and the culture of the firm.
All our investment teams – whether in-house or individually branded – operate with discrete investment autonomy, according to their investment philosophies.