Building a Sustainable Future: A Conversation with Fiona Ma

By Lindsay Patrick and Patti Shugart, Featuring Fiona Ma
Published March 19, 2021 | 38 min watch

RBC's Patti Shugart, Head of Global Corporate Banking and Lindsay Patrick, Head of Strategic Initiatives and ESG, discuss ESG policy and programs with Fiona Ma, State Treasurer, The State of California at RBC's inaugural Global ESG Conference, on February 24, 2021.

ESG is a journey, not a destination. The way we do business continues to evolve, and our approach to being more socially conscious needs to evolve with it.  Importantly, to make progress, we need to rely on engagement from both public and private sector entities as the ESG imperative develops further.

At RBC’s ESG Conference, Fiona Ma, State Treasurer, The State of California, joined RBC’s Patti Shugart, Head of Global Corporate Banking and Lindsay Patrick, Head of Strategic Initiatives and ESG, to discuss her firsthand experience on the importance of public-private partnerships and ESG policies and programs.

Elected in November of 2018, Fiona Ma is the first woman Certified Public Accountant elected to the position of Treasurer.  In her role as State Treasurer, she provides financing for California’s school system, roads, housing, levees, public health facilities, and other crucial infrastructure projects that better the lives of its residents.

California’s economy is the largest in the U.S. and is the 5th largest economy globally. Treasurer Ma is the state’s primary banker. Her office processes more than $2 trillion in transactions within a typical year and provides transparency and oversight for an investment portfolio of more than $100 billion, $34 billion being local government funds.


Lindsay Patrick and Patti Shugart, Featuring Fiona Ma


Climate ChangeESGGreen BondsInnovationMunicipal FinanceRBC Capital Markets' Global ESG ConferenceState of CaliforniaSustainability