Position Overview:
Any plausible pathway to the goals of the Paris Agreement includes the preservation of the Earth’s natural carbon sinks. On land, the most important of these sinks are tropical forests, which hold nearly half of terrestrial carbon and biodiversity. Their destruction for unsustainable agriculture and timber creates 10-15% of anthropgenic carbon emissions – more than the entire European Union.
Emergent is a mission-focused focused non-profit designed to create a pathway to zero tropical deforestation. Emergent acts as an intermediary between forest countries and the private sector, facilitating transactions of high-integrity carbon credits from national-scale forest protection programmes. Backed by a coalition of governments, NGOs and major corporations, Emergent is catalysing a market that will channel billions of dollars of new funding into tropical forest protection and sustainable development. More information on Emergent and its approach is below.
With credits expected to become available in 2022 and initial transaction volumes in the tens of millions of tons (tCO2e) building to hundreds of millions of tons within a few years, Emergent expects to receive substantial flows of private sector funds underwritten by sovereign guarantees. The Chief Portfolio Officer (CPO) will be an integral member of Emergent’s Executive team and will lead and oversee Emergent’s Portfolio team. This is an exceptional opportunity for a dynamic leader and team player to join an ambitious, mission-focused group working to create a plausible, market-driven pathway to zero deforestation.
Responsibilities
Under the CPO’s leadership, the Portfolio team will (1) negotiate terms, structure agreements and execute transactions; (2) deploy sovereign-backed purchase guarantees; and (3) manage portfolio concentration and counterparty reputational risks. The role may be expanded to include oversight of a specialist team responsible for administering the flow of funds from credit sales to forest jurisdictions, including post-transaction reporting on the use of those funds.
Specific responsibilities:
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Design and implement the resilient and scalable processes, policies, controls, infrastructure and partnerships Emergent needs to manage multi-million dollar transactions safely and with the confidence of its board, customers, suppliers and philanthropic/donor backers.
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Maximise sales and minimise portfolio risk.
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·Oversee ERPA negotiations and contract finalisation, with external legal support as required.
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Execute transactions once ERPAs are signed, including delivery of credits and receipt of funds.
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Develop and manage Emergent’s strategy for credit placement with buyers.
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Establish, develop, and lead Emergent’s Investment Committee.
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Manage and report on Emergent’s portfolio risks.
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Develop and execute Emergent’s strategy for use of its donor-funded floor price guarantee facility.
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Work closely with Emergent’s Origination and Commercialisation teams to ensure that transaction and portfolio management are effectively integrated across Emergent.
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Work closely with Emergent’s Chief Finance & Operations Officer to ensure integrated management of Emergent’s financial position and risk.