ESG Disclosure Regulations
Implementation Challenges and Solutions

The volume of regulatory requirements related to ESG can sometimes be daunting. This applies to both – the Financial Sector and Investee Companies.

 

Only this year, the Financial Sector needs to get to grips with the requirements under the Task Force for Climate-Related Disclosures (TCFD), Directive 2014/65/EU, commonly known as MiFID 2 (MifidII), while absorbing the implementation of EU taxonomy and preparing for phase two of the Sustainable Finance Disclosure Regulation (SFDR). On the other side of Atlantic, alongside its new proposals, the U.S. Securities and Exchange Commission (SEC) is increasing its scrutiny regarding disclosure practices involving ESG investments.

 

Yet experts warn that the lack of expertise to make these disclosures may be causing investors to be presented with misleading information on the sustainability of their portfolios and so exposing Asset Managers to mis-selling and misclassifying risks. Corporations face pressure from investors and financiers alike for high quality, verifiable disclosures.

 

The Corporate Sustainability Reporting Directive (CSRD), which will be replacing the Non-Financial Reporting Directive (NFRD), sets a clear direction of travel for Corporate Disclosures. Yet, what does it mean in practice?

Overview

The panel explores the following questions and more:

  • How prepared are organisations for the implementation of the regulatory requirements?
  • Does the implementation of disclosure regulations, change the strategy and operations of an organisation?
  • What is the impact on the organisational Structure and what are the timelines?
  • What metrics should be used?
  • How verifiable are they?
  • What are the sources of ESG data, and does the cost matter?
  • How do you ensure consistency of ESG claims across departments?
  • How do you approach Supply Chains?
  • What are the Regulator’s expectations?

Who should watch

  • Directors
  • C-suite / executives
  • CFOs, accountants, investment managers and analysts
  • Assurance providers including audit, risk and compliance
  • Operational managers including information officers and IT leaders
  • Stakeholder relationship managers including investor, employee and corporate relations

What you will learn

forewarned is forearmed

Attendees will be provided with a high-level understanding of the challenges organizations will face, anticipated and realised, when approaching sustainability reporting. In addition, attendees will hear of available solutions to both pre-empt and respond to these challenges. 

Speakers

Dana Hanby

Managing Director at ESG Nexus

Dana Hanby is the Founder of ESG Nexus – a portal that brings experts and users together, fostering innovation through Sustainability and facilitating the development of solutions, which not only respond to but also create new trends. Dana has experience in New Market Entry, Business Expansion and Development with the expertise in Sustainability and Financial Environmental markets.

 

Her responsibilities have included Global Sales Lead for Energy and Environmental products and services for the second largest derivatives exchange in the World; Development and management of Global ESG implementation program for an industrial PLC; She has also worked closely with the World Bank to put forward financial solutions with the aim of increasing liquidity and efficiency in the Climate Market in her role as Chair of “Ratings and ICaR (Reserve)” Group for the Climate Market and Investment Association.

 

Dana holds an MBA with the focus on Strategy and Finance and a Masters of Science (EE). She also holds PMI accredited qualifications in Project Management. As behavioural science permeate multitude of sectors – from Financial to Consumer facing Industries, she has also obtained a Diploma in Cognitive Behavioural Therapy and has become a Silver Member of the International Association of Neuro Linguistic Programming and Coaching.

Tjeerd Krumpelman

Global head of advisory, reporting & engagement / Group Sustainability, ABN AMRO

Tjeerd is Global Head of Business Advisory, Reporting & Engagement at ABN AMRO. With more than 18 years of experience in the banking sector he started as a private banker, investment advisor and later on as Head of Investment teams.

Recently he has been working within ABN AMRO’s Corporate Strategy & Sustainability department. He heads up a team that offers advice on sustainability and is responsible for integrated thinking & reporting.

Tjeerd is Chair of the Integrated Thinking & Strategy Group of the Value Reporting Foundation. This special interest group brings together companies, partners and supporters to further develop the concept of integrated thinking and focuses on ‘integrated thinking and strategy‘. The group offers world-renowned and innovative organizations the opportunity to share thinking about developing strategy across multiple capitals, learn from world leaders and co-create a common view of integrated thinking that is globally relevant to help build resilient, future-fit businesses.

Tjeerd is also a member of the Competent Boards faculty which is comprised of global leaders and experts from around the world that contribute directly to the organizations’ program content.

Carolynn Chalmers

Chief Executive Officer, Good Governance Academy

Carolynn has spent the last 20 years assisting leaders and leadership teams to understand and apply governance principles and generate value for their organizations. She uses of her expertise and experience in corporate governance, organizational strategy, Digital Transformation and systems thinking to do so.

 

Carolynn has extensive management and governance experience and has held various Chief Information Officer, Chief Technology Officer, Board, Board Committee and Executive roles for international, listed, private and public organizations. This spans many industries, including financial services, health, energy, construction, education, tourism, media, non-profit and the public sector.

 

Carolynn is co-editor of the ISO standard for the governance of organizations (ISO 37000), co-convenor of the Governance Maturity Technical Committee (ISO 37004) and Chairperson of the associated South African Bureau of Standards mirror committee, TC309, where she also represents South Africa’s King Committee.

 

Carolynn is well known for her successes in designing and leading large, complex strategy and organizational transformation implementations – she attributes this success to the application of effective governance principles.

 

Carolynn has received numerous national and international accolades for public speaking.

Mark Manning

Technical Specialist, Sustainable Finance and Stewardship, Financial Conduct Authority

Mark Manning is a Technical Specialist at the Financial Conduct Authority (FCA), focusing on sustainable finance and investor stewardship.

Mark is leading the FCA’s work on climate-related financial disclosures and also represents the FCA on both the Treasury’s joint taskforce on Task Force on Climate-Related Financial Disclosures (TCFD) implementation and the issuer disclosures workstream of IOSCO’s Sustainable Finance Taskforce. Prior to joining the FCA, Mark spent a long career in central banking at the Bank of England and the Reserve Bank of Australia.

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