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 Group 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
Associate Analyst
Elena is an Associate 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.
Tomohiro Enomoto
Manager at the First Sentier MUFG Sustainable Investment Institute
Tomohiro Enomoto 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 joining the Institute, he spent nine years in the Asset Management Division as an equity portfolio manager and analyst, covering both global and Japanese equities across a broad range of investment approaches, including bottom‑up active, quantitative and index strategies.
He holds an MBA from Hitotsubashi University and a Bachelor of Laws from Chuo University. He is a Certified Member Analyst of the Securities Analysts Association of Japan (CMA).
Steering Committee
Norikazu Yuba
Executive Officer and General Manager, Asset Management Business Division, MUTB
Norikazu Yuba currently serves as Executive Officer and General Manager in the Asset Management Business Division at Mitsubishi UFJ Trust and Banking Corporation (MUTB). He is a seasoned leader in the asset management industry, with over two decades of experience spanning portfolio management, business development, and strategic planning.
His career in asset management began in 1999 when he joined MUTB. Since then, he has held a variety of pivotal roles, including Portfolio Manager for manager active equities, Senior Manager for global strategic planning, and Co-Head of the Project Management Office and Head of Substantial Shareholdings at First Sentier Group. His expertise lies in driving innovation and delivering results in global asset management businesses.
His overseas experience includes serving as a Portfolio Manager at Mitsubishi UFJ Trust International Ltd. in London and as seconded Business Development Manager at Aberdeen Asset Management. These roles have equipped him with a deep understanding of global financial markets and the ability to navigate complex investment landscapes.
He holds a Bachelor of Engineering degree from The University of Tokyo, Japan
Jun Taguchi
Senior Executive Shareholder Representative
In the role of Senior Executive Shareholder Representative based in Sydney, Mr Taguchi is responsible for facilitating engagement with our shareholder by serving as a liaison between Mitsubishi UFJ Trust and Banking Corporation and the Executive Committee, ensuring effective communication and governance compliance. Mr Taguchi was previously the Head of Global Asset Management (GAM) Office at Mitsubishi UFJ Trust and Banking Corporation, a position he has held since April 2022. Mr Taguchi joined the GAM office in August 2019 as Deputy General Manager.
Mr Taguchi has led various projects since joining Mitsubishi UFJ Trust and Banking Corporation in 1997, which have focused on acquisitions and global corporate structural changes within Mitsubishi UFJ Financial Group, Inc (MUFG). His experience includes nine years in MUFG’s New York office.
Wataru Kawasaki
Chief, Global Regulatory Engagement, Fellow, Sustainable Investment Division, MUTB
Wataru Kawasaki brings extensive multidisciplinary experience spanning the private sector and the United Nations, with a strong track record at the intersection of finance, sustainability, and international diplomacy. He currently leads global regulatory engagement for sustainable investing at Mitsubishi UFJ Trust and Banking Corporation (MUTB), following a distinguished career as a United Nations international civil servant.
He joined MUTB in 2022 and has since played a central role in shaping and leading MUFG Asset Management’s group-wide regulatory strategy and engagement. He represents the organisation in major international initiatives, including the Glasgow Financial Alliance for Net Zero (GFANZ), contributing to the advancement of MUFG Asset Management’s global sustainability agenda.
Prior to joining MUTB, he served nearly two decades with the United Nations, holding leadership roles across global, regional, and country levels. His experience includes leading global urban policy forums and working in post-conflict and post-disaster development contexts. He began his UN career in Asia-Pacific regional development operations, followed by a coordination role at the UN country office in Afghanistan. He subsequently played a key role in organising major United Nations processes shaping global agendas, including contributions related to the Sustainable Development Goals (SDGs).
He holds a BA in International Relations from the University of Minnesota (USA) and an MSc in Development Studies from the London School of Economics and Political Science, University of London (UK).
Harry Moore
Chief Executive Officer, First Sentier Group
Mr Moore is the Chief Executive Officer (CEO) of First Sentier Group, assuming the position in January 2026 and is based in Sydney.
Before his appointment as CEO, Mr Moore was the Chief Commercial Officer where he managed a number of global investment teams, global product and the responsible investment function. Prior to this position, he was based in London and served as Global Head of Distribution, Marketing and Communications, providing oversight of the Group’s client and consultant relationships, managing global sales activity, and overseeing Marketing and Communications activities.
Before joining First Sentier Group in June 2010, Mr Moore 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. Mr Moore has also worked as a client advisor and analyst at UBS Wealth Management Australia and Johnson Taylor Potter.
Mr Moore holds a Bachelor of Arts (Honours) from the University of Melbourne.
Ken Mitsutani
Fellow, Asset Management Division, MUTB
Ken Mitsutani serves as an in-house strategist in pension investment, where he is engaged in asset allocation and broader investment strategy. Subsequently, he gained experience in investor relations on the corporate side, providing him with a dual perspective that integrates both investor and corporate viewpoints in equity analysis and engagement.
In 2019, he was seconded to First Sentier Investors (London), where he worked in Responsible Investment across the EMEA region and was involved in the establishment of the First Sentier MUFG Sustainable Investment Institute.
Following his return to Japan in May 2023, he has been leading initiatives to build and enhance sustainability and engagement frameworks at Mitsubishi UFJ Trust and Banking, while also strengthening corporate engagement and research capabilities.
He served as a member of the PRI Japan Advisory Committee from 2023 to 2026. He holds the CFA Institute Certificate in Sustainable Investing and received his B.A. in Economics from the University of Tokyo, Japan.
Keisuke Koriyama
Chief Manager, Pension Fund Management Division, MUTB
Keisuke Koriyama currently serves as Chief Manager of the Pension Fund Management Division, where he is engaged in client services for public investors.
He has over 20 years of experience in the asset management business. He started his career at MUTB, providing client services for public investors. He subsequently gained a wide range of investment experience, including global bonds, foreign exchange, and asset allocation strategies.
He worked at Mitsubishi UFJ Asset Management UK, located at London as Head of Multi Asset Management from 2018 to 2024. He contributed to the expansion of the fund business by managing UCITS funds and providing investment solutions.
He holds an MBA from Hitotsubashi University and Bachelor’s degree of the Faculty of Economics from Keio University
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.
Emi Sugawara
Professor, Osaka University of Economics and Law
Emi Sugawara is a professor at Osaka University of Economics and Law and a director of Japan Research Institute on Business and Human Rights. She has been a member of the Governmental Working Group since 2022 and of the Roundtable for Promoting the National Action Plan on Business and Human Rights since 2025.
Dr Sugawara’s area of expertise is international law (specializing in international human rights law). She has a keen interest in international community movements related to business and human rights, as well as the cross-border implementation of international human rights standards for companies. She received her LL.M. from Kobe University and Notre Dame Law School and obtained her Ph.D.in International Public Policies from Osaka 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 mufg.jp
About the Trust Bank
For more information about the Trust Bank, please visit tr.mufg.jp
About First Sentier Group
First Sentier Group (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.