Ahupua`a Summit Agenda

The Ahupua`a Investment Summit was an outcomes-oriented endeavor to develop an ESG and Impact Investment ecosystem on Maui that is replicable globally. In order to ensure that community concerns were authentically represented and that participants attended for the purpose of “doing the work,” there was no charge for attendance. However, space was limited.

Mahalo to all who attended this amazing gathering of community and ESG investing experts!


Thursday, January 30, 2020

Pre-Summit Working Group Meetings:


  • Ahupua‘a Impact Investment Models for Community-Controlled Water Systems
  • Sovereign Wealth Fund and Hawaiian Resources
  • EVs in the Kuleana Economy: Community-Based Electrification of Transportation
To see the full lists of speakers and their bios, go to the "Summit Participants" page. To see videos of panel discussions, go to the "Ahupua`a Summit Videos" page.

Friday, January 31, 2020

University of Hawaii Maui College ‘Ike Le’a Lecture Hall

8:30-9:30am: Check in
Light Refreshments: coffee, pastries, fruit

Morning Session

9:30- 9:50am: Welcome to the Summit and Opening Remarks

Chancellor Lui K. Hokoana, EdD, UH Maui College

History and Future of Investment

Talk Story: A Brief History of Investment in Hawaii

Keani Rawlins-Fernandez, Maui County Council
Dennis “Bumpy” Kanahele, Nation of Hawaii
Neil Hannahs, Hoʻokele Strategies LLC

The history of investment and speculation in Hawaii, in the context of the overthrow of the Hawaiian kingdom, cultural loss and resurgence, language, and geography.

Fireside Chat: Labor Unions & Institutional Investment

Kehaulani Filimoe`atu, Hawaiian Community Assets
Michael Perri, Lincoln Crow Strategies

In the mid-90s unions from both the public and private sectors began to engage in what are now called capital stewardship campaigns. The question that unions sought to answer was, “Can the long-term interests of workers be aligned with investors or must labor and capital be in opposition even in the use of labor’s capital?”

Panel Discussion: Ahupua`a Values and Examples of Kuleana Investment

Lance Collins, Attorney
Neil Hannahs, Hoʻokele Strategies LLC
Brandon Maka’awa’awa, Nation of Hawaii
Kili Namau’u, Pūnana Leo O Maui
Mary Spadaro, Slow Money

What can ESG/impact investors learn from the Hawaiian Ahupua‘a system of natural resource management and governance and the value of kuleana as a cross generational and holistic approach to fiduciary duty?

11:40-11:50am: Break

Ahupua`a Values as a Catalyst and Global Model

Panel Discussion: What is Investing with Impact and How Do We Drive Capital Towards Positive Change in Hawaii?

Moderator: Imogen Rose-Smith, Ahupua`a Investment Summit
Michael Frerichs, Illinois State Treasurer
Phil Glynn, Travois
Lisa Kleissner, Toniic Institute
Eva Zlotnicka, ValueAct Capital

A model for comprehensive, multi-sector capital allocation that can prototype globally relevant investment theses at an island scale focused on climate and inequality while pursuing positive community impact and adhering to locally relevant ESG standards.

Panel Discussion: Maui County, a Catalyst for Greater Impact

Moderator, Ian Chan Hodges, Ahupua`a Investment Summit
Christina Borsum, New Energy Nexus
Mahina Martin, Hawaiian Electric
Zoltan Milaskey, Mana Energy
Katrina Niehaus, Goldman Sachs
Ben Prochazka, Electrification Coalition

Each of the three major islands that make up Maui County is geographically isolated with closed power, transportation and communications grids. Despite its isolation, Maui County receives millions of visitors annually. Maui County’s geographic isolation and global exposure make it an ideal locale to catalyze moving impact investment with ESG integration to the next level.

End of Morning Remarks
Mayor Michael Victorino

1:30-3:00pm:  Lunch Discussions

Pa`ina Building (Culinary Arts Center)

Participants will be assigned to lunch tables for specific facilitated topics to build on the momentum of the morning discussions and lead in to dynamic conversations at afternoon panels.

You will receive topics and table assignments at check-in Friday am.

Afternoon Session

Ahupua‘a Values and Beneficiary Engagement


Panel Discussion:

Discussions about ESG and institutional investment often leave out the beneficiaries themselves. Pension fund beneficiaries will discuss their priorities when it comes to ESG models, and will recommend strategies for ongoing beneficiary engagement.

  • Moderator: Michael Perri, Lincoln Crow Strategies
  • Michael Kramer, Natural Investments
  • David Okamoto, Hawaii Employees Retirement System (ERS)
  • Inez Okamura, Retired Teacher and CalPERS beneficiary
  • Tamara Paltin, Maui County Council Member
  • Kaleo Waia`u, Teacher, Hawaii Department of Education

Navigating the Storm of Climate and Inequality


Panel Discussion:

The twin crises of climate and inequality are nearly universally recognized as an existential threat to asset owners, investment managers and the beneficiaries they serve. How do investors navigate risks and opportunities in the allocation of assets to address both?

  • Moderator: Shane Sinenci, Maui County Council Member
  • Mark Campanale, Carbon Tracker
  • Morgan LaManna, Ceres
  • Ian Monroe, Etho Capital
  • Damon Silvers, AFL-CIO

4:20-4:30pm: Wrap-Up, Reminders for Day Two

4:30- 6:00pm: Pau Hana

Relax with us for afternoon pupus and “talking story.” 

Class Act

Saturday, February 1, 2020

University of Hawaii Maui College Pilina Student Lounge

8:30-9:30am: Check in
Light Refreshments: coffee, pastries, fruit

Morning Session

9:30-9:45am: Welcome and Synthesis of Day One

A Robust Discussion Among Policy Makers, Stakeholders, and ESG Practitioners Focused on Concrete Models for Addressing Maui's Investment Needs

Working Group participants who have begun the process of analyzing and exploring specific ESG impact investment projects, which can serve as working models for applying Ahupua`a values, will present and discuss their initial findings, identified opportunities, points of leverage, potential challenges, recommendations, and next steps.

Water Governance and Finance:
Sam Akoi, Hana Aha Moku
Eva Blumenstein, Maui County
Lynn DeCoite, Hawaii State Legislature
Lucienne de Naie
Eric Glass, AllianceBernstein
Phil Glynn, Travois
Michael Kramer, Natural Investments
Ian Monroe, Etho Capital
Alexandra Pavlovskis, Arabesque S-Ray
Dr. Gitanjali Swamy, IoTask
Alohalani Smith, Aha Moku O Kaupo
Michael Willams, Maui Tomorrow
Eva Zlotnicka, ValueAct Capital

Electrification of Transportation:
Lauren Armstrong, Maui Metropolitan Planning Organization
Alex deRoode, County of Maui
Blossom Feteira, Hawaiian Community Assets
Gregg Kresge, Maui Electric Company
Zoltan Milaskey, Mana Energy
Katrina Niehaus, Goldman Sachs
Ben Prochazka, Electrification Coalition
Nicolette Van Der Lee, UH Maui College
Tina Wildberger, Hawaii State Legislature

ESG /Ahupua`a Investment Models to Discuss

Community-controlled water systems, including models for impact financing, governance structures, and transparent, stakeholder driven accountability models

ESG impact business models for community-based electrification of transportation, including significantly increasing the number of electric vehicles on Maui, promoting their use by visitors, and creating economic opportunities that can sustain Maui families.

11:30-11:40: Break

A Maui or Hawaii-based Sovereign Wealth Fund, including models for building the fund, investing it with ESG impact objectives, and allocating returns for community benefit based on transparent, stakeholder driven governance.

Steve Marks, WHATiF 88
Serge Devieux, WHATiF 88
Kehau Filimoe`atu, Hawaiian Community Assets
Dennis “Bumpy: Kanahele, Nation of Hawaii
David Michael Karabelnikoff, Native Nation Building
Angus McKelvey, Hawaii State Legislature
David Wilton, Zheng Partners
Nicholas Winfrey, Maui United Way

12:20-1:30pm Lunch: Student Lounge

Afternoon Session

Applying Ahupua`a Values to a 3rd Party Beneficial Model


Panel Discussion: Modeling of community/culturally sourced 3rd Party Metrics based on Ahupua`a values. How do we develop a transparent and clearly articulated engagement and standards enforcement framework based on Ahupua`a values that will address tendencies for impact washing while creating wealth (waiwai).

  • Moderator: Dawn Lippert, Elemental Excelerator
  • Makena Coffman, University of Hawaii
  • Michael Foley, Oceanit
  • Kelly King, Maui County Council Member
  • Marcus Oshiro, Hawaii Labor Relations Board

Innovative Private Investment Models for Equitable Solutions


Exploring the development of alternative private market investment models for more fairly distributed rewards. Panelists will discuss ways in which private equity for example can be restructured to be better aligned with the needs and values of stakeholders and seek positive impacts through their own organizational operations.

  • Moderator: Imogen Rose-Smith, Ahupua`a Investment Summit
  • Rob Day, Spring Lane Capital
  • Michael Frerichs, Illinois State Treasurer
  • Eric Gill, UNITE HERE Local 5
  • Delilah Rothenberg, Predistribution Initiative
  • Damon Silvers, AFL-CIO

Break: 3:00-3:10pm

Religion as a catalyst for ESG / impact investing


Panel Discussion: What role will religious institutions, which have served as a catalyst for values based investing internationally have in growing the breadth and depth of ESG/impact investment? How does this role intersect with Hawaiian cultural and spiritual practices, which are serving as an ethical barometer and a force for change locally?

  • Moderator:  David Wood, Initiative for Responsible Investment
  • Lindy Backues, Eastern University
  • Joyclynn Costa, United Church of Christ
  • Tasha Kama, Maui County Council Member

Final Panel Discussion: The Next Generation


Maui is well-positioned from a geographic, cultural and policy perspective to grow into a center for making, managing and measuring ESG investments as we engage in economic transformation for the common good. 

What are the next steps?

  • Moderator: Shay Chan Hodges, Ahupua` Investment Summit
  • Kainoa Horcajo, Grand Wailea
  • Napua Hueu, Hana Highway Regulation
  • Keoni Lee, Hawaii Investment Ready
  • Brandon Maka`awa`awa, Nation of Hawaii
  • Kelsey Ota, UH Maui College
  • Melissa Uhl, Elemental Excelerator

4:40-5:00pm Host Final Remarks

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