Truman Semans Email & Phone Number

United States

TNFD is a market-led, science-based and government-backed initiative providing organisations with the tools to act on evolving nature-related issues. The Taskforce consists of 40 individual Taskforce Members representing financial institutions, corporates and market service providers with over US$20 trillion in assets. It aims to provide decision makers in business and capital markets with better quality information through corporate reporting on nature that improves enterprise and portfolio risk management. Robust information on nature-related issues allows businesses to incorporate nature-related risks and opportunities into their strategic planning, risk management and asset allocation decisions. Better information in the hands of investors and other capital providers can help shift the flow of global capital to more positive outcomes for nature and society. The Technical Experts Group advises TNFD on matters including creation of a Nature Data Public Utility (NDPU) – development of a strategy and blueprint, nature data standards, data models, and data collection, publication, and uptake.

The Climate Data Steering Committee (CDSC) was established by French President Emmanuel Macron and UN Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg in June 2022 in response to the global climate data challenge. The CDSC aims to accelerate and help build a broadly accessible foundation of high-quality climate data that is critical to delivering the net-zero transition. The Climate Data Expert Advisory Panel (CDEAP) advises the CDSC and the Net Zero Data Public Utility (NZDPU) on strategy; data models; data accessibility, quality, assurance and verification, and governance; and data technology.

New York, Ny, Us

OS-Climate (OS-C) is a membership non-profit “co-op” leveraging open source collaboration to develop advanced analytics, data, and data infrastructure for climate-aligned finance, investing, business, policy and regulation, and economic development. Its mission is to drive progress toward Net Zero and resilience while creating significant business value. Members include Allianz, Amundi, BCG, BIP, Bloomberg, BNP Paribas, Capgemini, Goldman Sachs, the NZAOA, and Red Hat. OS-Climate drives innovation that can scale: its data and code are free and unrestricted public goods, available to incorporate in public, proprietary, or commercial products and services. The Physical Risk & Resilience Tool led by BNP Paribas is a best-in-class scenario analysis solution for financial institutions’ portfolio risk measurement (e.g., credit risk), origination of loans/investments (e.g., real estate, infrastructure), disclosures and regulatory compliance, counterparty engagement, and operational risk management. It covers hazards including fluvial and coastal flood, extreme heat, and fire; in coming months it will cover events such as hurricanes/cyclones. The tool can also be used by intergovernmental organizations, bilaterals, NGOs, and governments to identify and prioritize needs for investment in adaptation and resilience (e.g., to address food security, water, or biodiversity). The Transition Scenario Analysis Modeling Platform led by CapGemini is one of the world’s most powerful integrated assessment models, with supply chain collaboration built in, plus a sophisticated optimization tool. Its uses include climate-alignment and risk management of banking and investment portfolios; corporate strategy and investment decisions in R&D, product development, capital projects, and supply chains; more effective policy, programs, and regulations; economic development; and academic research.Both tools can be invaluable for improved stress testing by central banks.

Washington, Dc, Us

The Subcommittee researched and wrote “Managing Climate Risk in the U.S. Financial System,” the first of-its-kind report from a U.S. government entity. Its findings and 53 detailed recommendations for improving risk management at both the national financial system level and financial sector entity level have been largely adopted by the SEC and other US regulators and agencies. As part of research for the report, Truman engaged directly with non-US regulators as well as the IMF and NGFS members. Challenges and problems analyzed included greenwashing, policy uncertainty, data gaps, and deficits in key capabilities among market participants. Risk categories addressed included credit, market, strategic, insurance, liability, underwriting, operational, and reputational. Research and recommendations addressed setting risk appetite, risk identification, risk assessment and measurement, risk monitoring and management, risk mitigation, scenario analysis, and capacity building for commercial and investment banks, asset managers, and insurers.

Provided analytics and consulting to help investors, asset managers, companies, and governments leverage environmental, social, and governance (ESG) factors for high performance investment strategies, business strategies, and policy solutions. Created nuanced climate divest-reinvest strategies that generate higher returns and greater environmental and social impact than outright fossil fuel divestment. “Smarter Investing. Better Environment.”

Durham, Nc, Us

Intersect was a financial technology company developing an analytic software platform to integrate factors related to climate change, resources, and technology innovation into asset allocation and investment processes. The Intersect platform used advanced data science and machine learning techniques, building on a massive base of proprietary data and algorithms. With a simple interface, its analytics automated research that is very labor intensive, serving use cases of large asset owners, asset managers, banks, investment consultants, investment research groups, etc. The company was not able to break through the incumbency of the large commercial data and analytics providers, winding down in 2018, but laid the groundwork for OS-Climate.

The U.S. Partnership for Renewable Energy Finance (US PREF) is an educational program that provides market-based analysis of renewable energy finance policies and proposed policy concepts. The partnership is made up of a group of highly experienced renewable energy financiers from leading financial institutions, technology companies, project development companies, law firms, and others working together with thought leaders from top non-governmental organizations. Members Truman brought in to the initiative include Citi, Credit Suisse, Deutsche Bank, Madison Dearborn Partners, Morgan Stanley, and NRG Energy.

New York, New York, Us

A boutique strategy consulting group that was globally recognized as one of the top 5 sustainability sustainable business and finance consultancies. GreenOrder helped CEOs and executive teams develop and implement strategies for profitable business opportunities based on environmental sustainability and clean technology. Areas of focused included improving innovation and related business processes; development of new business models, products, and services; building cultures of sustainability; improving communications related to sustainability for employee engagement, marketing, branding, media, and government affairs. GreenOrder clients included GE, GM, Shell, BP, Duke Energy and other utilities, SABIC and other chemicals companies, Bank of America, Morgan Stanley, Google, HP, a major film and entertainment company, Stanley Black & Decker, and Target.

Arlington, Virginia, Us

Led the Center’s Business Environmental Leadership Council (BELC), growing it into the largest U.S. business association devoted to helping Fortune 500 corporations develop business strategies and policy positions to address climate change – 45 companies, combined market value of $2.8 trillion, 3.8 million employees. Serve on founding team and Executive Committee of the U.S. Climate Action Partnership (USCAP), a CEO-led coalition of 27 large corporations and 6 non-profits working with Congress to establish comprehensive national policies for climate, energy, and transportation. Worked closely with Air Products, Alcoa, Bank of America, Baxter, BP, Caterpillar, Citi, DTE, Duke Energy, Dow, Dupont, Deere, Entergy, Exelon, GE, GM, Holcim, IBM, PepsiCo, PG&E, Rio Tinto, Shell, Siemens, Sunoco, Weyerhaeuser, Whirlpool, Xerox, etc.

Founded and served as Managing Partner of Global Sustainability Advisors from 1999-2005 (with pause while at McKinsey 2001-2002). Lead consulting teams to help corporate and non-profit clients drive innovative business opportunities and shape markets for sustainable technologies, products, and services. Example engagements:• For a Guyanese logging company, sized market for “certified sustainable” forest products and analyzed “DIY” pricing in EU and US for certified products; contracted for a second project to assess joint ventures for distribution and marketing. • For an environmental software company, first project focused on capital-raising; then engaged by CEO to join management team for successful wind-down of the company. • For a global non-profit, developed innovative financing mechanisms for renewable energy and energy efficiency projects, as well as supporting government policies and programs.

Us

• Served clients in the transportation, microelectronics and data science, telecom, chemicals, and retail industries. • For a multi-billion dollar retailer, helped overhaul merchandising through data-driven strategies to better match product assortments with customer needs across more than 200 stores in regions with varying drivers of preference (climate, demographics, etc.).• For a regional commission, assessed viability of a 1,115 mile, $20-44 billion high-speed rail network across 5 states.

Washington, Dc, Us

• Advised senior U.S. government officials, foreign governments, the World Bank, and the United Nations on sectoral strategies, investments, regulation, and institution-building for sustainable energy and transport, biodiversity protection, and natural resource management. • Managed inter-agency team of 28 professionals responsible for U.S. oversight of the Global Environment Facility (GEF), a start-up multilateral organization launched at the Rio Earth Summit financing $4 billion in projects for clean energy and biodiversity conservation. Led initiative to overhaul GEF business strategy, investment portfolio, and organization.• Represented Treasury on the U.S. climate change delegation, and worked with White House, U.S. Trade Representative, OPIC, State Department, USAID, DOE, and EPA on trade & investment and sustainable development efforts including the 1997 U.S. - China Summit.

Us

Through research, collaboration with agencies research institutions, and public policy channels, shaped data driven approaches to energy sector development in emerging markets. Elements of energy sector investment policies that my partner and NRDC and I wrote and used Congressional influence to enshrine as World Bank investment policy became part of the investment planning frameworks of international financial institutions and national governments worldwide.

Mba, Business

Ma With Distinction, International Economics And International Relations

Ba, Religion

Education record

Education record