Mercy Berman DeMenno, PhD, MBA
Managing Director, Kaya Partners
Senior Fellow, Duke University
Mercy Berman DeMenno is a Managing Director at Kaya Partners, a boutique climate policy advisory, where she leads the firm’s Climate Finance Practice. She provides strategic advice and subject matter expertise to financial services executives and regulators on climate-related financial risks, sustainable finance opportunities, and associated complex policy, political, and market dynamics from the local to global levels. Her team’s portfolio includes transition planning strategies, climate risk measurement and management frameworks, regulatory and supervisory capacity building, multi-stakeholder convening, and comparative climate-related financial regulation and ESG policy analysis across the US, UK, and EU.
Dr. DeMenno is also a Senior Fellow at Duke University, where she is affiliated with the Center on Risk, Global Financial Markets Center, and Rethinking Regulation Program. A political economist by training, her research, teaching, and thought leadership span four interdisciplinary fields: 1) financial markets and regulation (e.g., micro- and macro-prudential regulation, systemic risk, climate change, and financial stability); 2) energy and environmental policy (e.g., deep decarbonization systems modeling, energy transition policy, grid sustainability and resilience); 3) regulatory governance (e.g., stakeholder engagement, regulatory impact assessment, international regulatory cooperation); and 4) corporate sustainability (e.g., ESG integration, CSR strategy, stakeholder capitalism). Dr. DeMenno’s current work is at the intersection of these topics, focusing on climate-related systemic financial risk, regulatory and market responses, and the implications for economic and environmental resilience. For example, recent work centers on the design, implementation, and evaluation of climate stress tests as a tool to inform regulatory and investment strategies for resilience across banking, electric power, and interdependent infrastructure systems.
Over the last 15 years, Dr. DeMenno has served as an advisor to policymakers at the state, federal, and international levels and to executives spanning multiple sectors and jurisdictions, with a focus on financial services and energy. She has authored numerous articles, chapters, and major governmental and intergovernmental reports, and is a frequent speaker on risk, regulation, and resilience. Dr. DeMenno received a PhD and an MA from Duke University and an MBA and a BA from the University of New Mexico.