Nature Risks and the Boardroom: How to Avoid Lawsuits and Protect Margins

Joy Williams leads the Taskforce for Nature-related Financial Disclosures (TNFD)'s work on nature-related opportunities. She brings a multi-disciplinary approach to climate change and nature strategy. Having moved from traditional engineering to climate change and then finance over 20 years ago, she has since worked in government, policy, strategic consulting, and private markets. In finance, Joy worked across asset classes as a climate change and low carbon economy subject matter expert for large, mature asset owners such as Ontario Teachers’ Pension Plan and the New York State Common Retirement Fund. Most recently, Joy was a technical lead in the Glasgow Financial Alliance for Net Zero (GFANZ) on the flagship report "Financial Institution Net-zero Transition Plans". Joy is a Professional Engineer and a Chartered Alternative Investment Analyst.

Bertrand Millot steers the development of La Caisse’s sustainable investing strategies, including its climate policy. As such, he is responsible for defining the major strategic orientations in this area and asserting the organization’s leadership in sustainable investing with internal and external stakeholders. He participates in major global forums and maintains open dialogue with civil society. He also represents the organization before the Board of Directors, depositors and other partners on climate issues. Lastly, he contributes to La Caisse’s international outreach on sustainability.

Mr. Millot is one of the architects of La Caisse’s climate strategy and a seasoned investor in infrastructure and corporate debt in growth markets, where sustainability considerations have always been at the forefront. He joined La Caisse in 2015 and has held several positions in sustainable investing and risk management, including supporting the Fixed Income, Capital Solutions, Infrastructure and Cross-sectoral Risk teams.

Prior to joining La Caisse, Mr. Millot was CEO and Chief Investment Officer of Cordiant Capital, a fund manager specializing in corporate debt in emerging markets. In his early career, he worked in infrastructure project financing at the European Bank for Reconstruction and Development in London and BNP Paribas in Paris.

He holds an MBA from McGill University and a Master’s Degree in Engineering from École nationale supérieure d’arts et métiers, Paris, and is a member of the Institute of Corporate Directors (ICD.D). Since 2022, Mr. Millot has worked with Competent Boards as an expert, providing courses and training for corporate directors and executives. He sits on the Québec government’s Advisory Committee on Climate Change, as well as on the Boards of Ceres, a U.S. NGO leader on sustainability issues, the Datamars Sustainability Foundation and the Sustainable Infrastructure Foundation (SIF).

Lisa is Senior Partner and CEO at Resilient LLP. She co-authored a landmark legal opinion on Nature-related risks and the duties of directors of Canadian corporations, published by the Commonwealth Climate and Law Initiative (CCLI) in July 2025. Lisa is called to the bar in Canada and England and repeatedly recognized as a global expert in climate and energy law with three decades of experience in the sectors. Lisa is a director of the boards at the Toronto Hydro Corporation, the International Emissions Trading Association (IETA), MaRS Discovery District, and member of Climate Economy Strategic Council and of the Expert Advisory Group of Voluntary Carbon Market Integrity initiative (VCMI).

Natalie is the Executive Director at the Commonwealth Climate and Law Initiative (CCLI). She leads the organisation’s work to bridge the gap between existing legal frameworks and mainstream understanding of corporate and investor duties to address climate and nature risk. She brings over a decade of environmental law experience across the private, public, non-profit and academic sectors.

Before joining CCLI, she was the global ESG knowledge lawyer at an international law firm and led the work on fiduciary duties with an environmental law NGO. She is a UK and Canada qualified lawyer.