Who We Are
We are a team of forward-thinkers, who are driven by a shared passion to progress impact investing to the next level.
ImpactARC is powered with 90+ years of collective cross-sector experience in sustainable finance and investment.
Our team members have:
Established and expanded an award-winning fixed income firm.
Created the eligibility criteria for the first green bond (issued by the World Bank) and managed the first green bond fund.
Developed and refined the process for impact verification, impact reporting and engagement for sustainable investment strategies.
Led corporate responsibility teams, implementing sustainability reporting, operational efficiency improvements and carbon accounting.
Engaged in corporate and shareholder advocacy.
Coordinated projects to optimize corporate supply chain logistics to maximize efficiency and reduce waste.
Conducted training for diverse public and private clients on corporate sustainability, green and social finance and what ESG means in practice.
Our Team
We are pioneers in the intersection of sustainability and finance applying holistic thinking to global challenges.
Judith Moore
41 years’ experience
Head of Verification and Impact at Affirmative Investment Management
Head of World Bank Corporate Responsibility team
PhD in Regional Planning from MIT
MSc in Forest Science, from Yale School of Environment
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Partnered with World Bank Treasury’s Capital Markets Department from 2007 until 2013 on the development of the Green Bond, including defining the criteria for eligible projects and selecting the underlying projects for the portfolio.
Established and led the World Bank’s Corporate Responsibility team for 6 years until 2011, tracking the environmental impacts of the World Bank’s day-to-day operations; reporting on sustainable operations based on international standards, such as GRI and CDP; and advised the UN on their Sustainable UN initiatives.
Lead author: Furthering World Bank Group's corporate environmental sustainability, 2010
Worked with the World Bank’s Europe and Central Asia and East Asia and Pacific regional units advising in national environmental action plans, environmental policy, and landscape ecology.
Alya Kayal
28 years’ experience
Partner, Verification and Impact; and Client Engagement (US) at Affirmative Investment Management
Director of Policy and Programs at US SIF
VP, Sustainability Research at Calvert Investment
JD from University of Minnesota Law School
Member of the Bar of the District of Columbia, US
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Co-Authored the Human Rights Indicator chapter of the Calvert-Henderson Quality of Life Indicators representing the first comprehensive effort in the US to redefine overall quality of life using a systems approach.
Contributing author (lead for Asia) for a U.S. Department of Labor report to The United States Congress: By the Sweat and Toil of Children: The Use of Child Labor in American Imports.
Authored The Forty-Fourth Session of the UN Sub-Commission on Prevention of Discrimination and Protection of Minorities and the Special Session of the Commission on Human Rights on the Situation in the Former Yugoslavia published in Human Rights Quarterly.
Coauthored International Human Rights published in International Lawyer.
Coordinated with First Peoples’ Worldwide to help create the first Indigenous Peoples’ Rights Investment Screen in the United States for Calvert Investment fund.
Stuart Kinnersley
33 years’ experience
Co-Founder, Managing Partner, and CEO at Affirmative Investment Management
Chief Investment Officer and CEO at Nikko Asset Management Europe
Managing Director at LTCB Foreign (F&C)
Fixed Income Economist at ANZ Merchant Bank
BSc in Economics (First Class Honors) from London School of Economics
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Created the world's first green bond fund in conjunction with World Bank in 2010.
A leading advocate for responsible investing in the Fixed Income impact bond space.
Article (ClimateAction): Stuart Kinnersley from AIM talks impact investing.
Speaker at major industry conferences on a variety of issues from Emerging Markets to Asset Allocation, and in the field of sustainable finance and green bonds.
Acted as senior advisor on a multi-billion dollar supranational pension fund.
Monika Kumar
18 years’ experience
Environmental Specialist at World Bank South Asia
Sustainability Coordinator at World Bank Corporate Responsibility Program
Sustainability Advisor at Ichcha – a social enterprise
Project Collaborator at Holcim Group
Advisor at Women’s Network for a Sustainable Future (WNSF) in New York
Masters in Environmental Management (MEM) from Yale School of Environment
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In 2020, created a forum for sustainability professionals working across public and private sectors to develop actionable recommendations and resources from the Covid-19 crisis: Sustainability Professionals for a Resilient Future (SPRF).
Was part of a small working group that laid out five principles around a 2030 vision to guide organization’s efforts to build back stronger: A Framework for the Future: Moving Beyond Recovery to Create Organizations that Thrive.
Co-authored the report Sovereign Climate & Nature Reporting: Proposal for a Risks and Opportunities Disclosure Framework.
Advised the Government of Bangladesh on a Plastics Action Plan and supported subsequent implementation action.
Co-authored study analyzing the impact of plastic pollution due to Covid-19: Unmasking the pandemic’s impact on plastics waste management across South Asia.
Contributing author to report Beyond the Balance Sheet - IFC Toolkit for Disclosure and Transparency.
Co-led a Community of Practice on Integrated Reporting in the World Bank to further the implementation of the framework in emerging and developing countries. Contributed to report Focusing on Value Creation in the Public Sector.
Led the development of the World Bank Corporate Responsibility Strategic Plan 2016.
Coordinated World Bank Sustainability Reviews and GRI Index from 2008-2020.
Daisy Nicholls
5 years’ experience
Analyst and Forecasting Manager at Tesco (Supply Chain)
Deputy Coordinator for Central London at The Felix Project - a charity that redistributes surplus food
Assistant at Veragon Water Solutions
Volunteer for International Citizen Service (Raleigh International), Nepal
MSc in Environmental Technology (Business and the Environment) from Imperial College
Masters in Chemistry (MChem) from Magdalen College, University of Oxford
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MSc thesis: How does current practice in the UK fast food sector compare with good practice?
Supply Chain lead for coordinating £15m of food donations to UK food banks during Covid-19.
Finalist for IGD Supply Chain Excellence Award: worked with suppliers to remove trucks from the road via double-stacking, thereby increasing efficiency and reducing costs and CO2 emissions.
Selected for Oceans19 project: proposal to replace plastic-wrapped multipacks with multi-buy deals implemented in Tesco stores, eliminating 67 million pieces of plastic each year.
Launched the Felix Green Scheme initiative.
MChem research on small heat shock proteins, published in Collier et al., Sci. Adv. (2019).
Our Partners and Networks
We’re a small team with a deep network.
