Environment Social Governance (ESG) – is the rapidly emerging agenda item in Board discussions, moving out of the “nice to do sustainability report” into hard-line decision making by governments, companies and investors. As governments start implementing their United Nations Sustainable Development Goals, they are expecting companies to support initiatives, and more emphasis will be made on metrics and reporting by large companies.
Global investor groups and financial institutions are not just making policy statements but have developed investment decision models which are now impacting on capital and lending flows. Companies and their stakeholders are seeing an uptick in regulatory questions, investor queries, and community interest. Also, influencers such as accounting standard setters, credit rating agencies and the media are now actively discussing real impacts on business such as emission targets, recyclables, impairment for climate changes, and social matters in supply chain and health.
ESG is not always an external driver – good companies have used the principles for many years to drive internal investments and product development, including the use of inputs, social groups, and decision making on a holistic and sustainable approach.
During this course we will explore the components of ESG, the evolving frameworks and criteria, and how your business should set itself into a new frame of mind to consider opportunities and risks. We will also consider the evolution of Corporate Social Responsibility, as this remains a key component in the GCC and will be the stepping point for many companies.
Corporate Social Responsibility And The Role Of The Board
- Latest definition of CSR
- Issues relating to the current view of CSR
- Shareholder expectations
- Costs and risks
- Regulatory review, if any
- Trends in the GCC
- Regulatory guidance
- International models
- Duties of the Board
- Future of CSR as a concept
ESG And Sustainability Reporting
- Definition and scope of ESG
- International frameworks
- UN Sustainability Development Goals (SDG)
- UN Global Compact
- UN Treaties and other documents
- IOSCO principles
- Financial Stability Board
- Impact of certain international laws and cross border application
- Metrics for compensation
- Moral hazards
- Accounting issues
- Local considerations
Who Should Attend
Board Directors, CEOs, CFOs, Risk Officers, Finance Officers, Investor Relations Officers, Sustainability Managers, External and Internal Auditors, Operational Managers.
Benefits of Attending
- Understand the different components of ESG, and how the elements are evolving at different paces
- Understand how the previously fragmented frameworks are crystallising and harmonising globally
- Discuss the use of metrics and criteria – where to find, what would apply, how to benchmark
- Consider case studies and the impact of events such as COVID-19, Australian bushfires, etc, will shift perceptions and expectations
- Determine an appropriate strategy for introducing or enhancing ESG components
- Review and compare reporting formats, users and outcomes
Sharon Ditchburn is a Fellow of the Governance Institute of Australia and ICSA (UK), a Certified Practicing Accountant, and holds legal qualifications from Australia, as well as an MBA specialising in Corporate Governance, Entrepreneurship and Strategy.
Sharon has been registered as an Authorised Individual by the DFSA since 2007 with a wide range of regulated entities, including investment banks, brokerages, trust companies and wealth managers. Sharon also has wide-ranging experience at senior management level in Australia and the UAE in industries such as energy, mining, IT and banking. Since arriving in the UAE in 2003, she has worked with a wide range of listed, private and government owned enterprises in the GCC, including financial institutions, stock exchanges, private industrial firms, government departments and family owned businesses.
Sharon is a Member of the Australian Institute of Company Directors and Association of Certified Anti-Money Laundering Specialists (USA). She is a recipient of the Solvi Stenbro Prize in Ethics (QUT). She is one of the few individuals in the GCC certified by the IFC/World Bank to deliver their Director Development Programmes.
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