ESG Fundamentals (Webinar by Plan A)
Ringkasan
TLDRLa sessió de la presentació es focalitza en els conceptes clau i la implementació dels criteris ESG en les empreses. Comença explorant per què resulta rellevant per una companyia considerar aquests criteris, i prossegueix amb una anàlisi sobre diversos marcs de treball i estàndards reglamentaris associats a ESG, com el NFRD i CSRD, especificant com afecten les empreses de diferent mida i ubicació geogràfica. A més, es discuteix l'impacte dels marcs obligatoris i voluntaris a través d'exemples de regulacions, i es presenta un enfocament pràctic per integrar els criteris ESG, incloent aspectes tècnics i de comunicació per alinear-los amb els valors corporatius. Finalment, es proporciona un resum visual i estructurat de com implementar i comunicar el rendiment ESG.
Takeaways
- 🌱 ESG és crucial per a les decisions d'inversió i estratègies empresarials.
- 📈 Els inversors ara prioritzen les inversions sostenibles, afectant les normatives.
- 📜 Els requisits de reporting ESG varien segons marcs i estàndards específics.
- 🔄 La comparabilitat entre empreses és clau per evitar el "greenwashing".
- 🇪🇺 La regulació europea CSRD ampliarà l'abast dels informes ESG.
- 💼 El tamany i ubicació geogràfica influeixen en les obligacions de reporting.
- 🛠️ Iniciar la integració ESG requereix definir els motius i l'abast.
- 📊 Les empreses han de comunicar clarament els seus esforços ESG al públic.
- 🤝 Col·laboració interna és clau per aconseguir dades ESG efectives.
- 🔍 Els informes ESG ajuden a avaluar fortaleses i àrees de millora.
Garis waktu
- 00:00:00 - 00:05:00
La sessió comença amb una introducció sobre la importància de l'ESG (ambiental, social i de governança), destacant la seva creixent rellevància en els negocis des dels anys 1960. Els impulsors principals inclouen inversors, legislació i pressions del consum públic i dels empleats. Es mencionen marcadors com Bloomberg amb previsió de 53 bilions en actius ESG per 2025. Els consumidors també influeixen destacablement, sent un de cada quatre a vegades canviant de marca per preocupacions ESG.
- 00:05:00 - 00:10:00
Els impulsors implícits com la competència empresarial també es destaquen. Lisa pren la paraula per discutir els estàndards/reporting de l'ESG, introduint la complexitat dels acrònims i la confusió entre marcs, estàndards i regulacions. Explica com l'ESG Frameworks guia les empreses amb principis mentre l'ESG Standards ofereix requisits detallats i replicables.
- 00:10:00 - 00:15:00
Es presenta una matriu de marcs, estàndards, i regulacions populars, diferenciant entre aplicacions globals, UE, UK o EUA. Es destaca que no totes obliguen igualment a totes les empreses, depenent del país, empleats o ingressos. La Directiva de Reportatge No Financer (NFRD) introdueix obligacions fins al 2018 per grans empreses, però amb guies no estandarditzades, causant confusió.
- 00:15:00 - 00:20:00
L'NFRD es convertirà en la Directiva de Reportatge de Sostenibilitat Corporativa (CSRD) ampliant el seu abast i requisits de reportatge. La CSRD inclourà l'impacte doble i requerirà auditoria obligatòria com a mesures per millorar la transparència. Es detalla el cronograma de fases d'aplicació des de 2025 fins 2029 per empreses no UE.
- 00:20:00 - 00:25:00
La Regulació de Divulgació de Finances Sostenibles (SFDR) requereix que el mercat financer divulgui l'impacte en decisions d'inversió. Les entitats hi han de divulgar governs de sostenibilitat, amb desglossament d'Articles 6, 8 i 9, relacionats amb fons financers i l'alineament amb la taxonomia esmentada. Es menciona el canvi envers els estàndards amb més estructura.
- 00:25:00 - 00:30:00
El Registre Taxonòmic de la UE ofereix criteris per activitats econòmiques sostenibles en sis àmbits ambientals. No obliga alineament sinó divulgació d'aquest. Es destaca que això facilita a empreses i inversors en fer decisions d'inversió sostenibles. S'enumeren exemples de com s'apliquen les directrius i marcs a nivell global, amb focus en el Regne Unit o altres regions.
- 00:30:00 - 00:40:06
Reiki introdueix l'ESG en acció, ressaltant la necessitat d'una motivació clara i responsabilitat. Aconsella determinar els estàndards o marcs adequats atenent factors com ubicació i regulacions. Explica aspectes tècnics en construir i enviar enquestes sobre temes ESG, i la importància d'un procés eficient de recol·lecció i reflexió sobre dades per competitivitat a llarg termini.
Peta Pikiran
Video Tanya Jawab
Per què importen els criteris ESG per a una empresa?
Els criteris ESG importen perquè impacten en les decisions d'inversió, compliance legislativa i preferències de consumidors i empleats.
Quin és el paper dels marcs ESG?
Els marcs ESG són guies sobre com estructurar la informació que es vol reportar, però poden ser interpretats de diferents maneres pels usuaris.
Què ofereixen els estàndards ESG?
Els estàndards ESG són més específics i ofereixen requisits detallats sobre què s'ha de reportar, assegurant comparabilitat i consistència.
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- 00:00:04welcome
- 00:00:05to this friday morning session on esg
- 00:00:08we're going to start with
- 00:00:10why does esg actually matter to your
- 00:00:12company like why is it a topic that you
- 00:00:14could or even should look into
- 00:00:16um then we're gonna hand over to lisa
- 00:00:19who's gonna cover it the esg frameworks
- 00:00:21and standards and we're gonna go into a
- 00:00:23deep dive into some of them uh before we
- 00:00:26then actually move to a topic which we
- 00:00:27call esg in action which should give you
- 00:00:29a better overview of how to approach
- 00:00:31actually something like this
- 00:00:33i will hand it over to our lovely
- 00:00:35speakers today to introduce themselves
- 00:00:39hello everyone i'm lisa i'm the esd
- 00:00:42reporting associate here at plan a that
- 00:00:44means i uh look in all to
- 00:00:47into all the existing esg frameworks and
- 00:00:50standards and but not only the voluntary
- 00:00:53ones mainly or like
- 00:00:56importantly of course also the
- 00:00:58regulations around esg reporting because
- 00:01:00there's more and more coming up and yeah
- 00:01:03i'm at plan a the one that looks into it
- 00:01:05see how like how we can support clients
- 00:01:07and customers
- 00:01:08or the entire community with it and see
- 00:01:11how we can
- 00:01:13what ways we can go to offer it under
- 00:01:15product
- 00:01:17and hello everyone my name is rachie and
- 00:01:19i work in the customer success team at
- 00:01:21planet and supporting and helping all
- 00:01:23the companies and clients along their
- 00:01:26sustainability journey and prior to
- 00:01:28joining plan plan i work as an analyst
- 00:01:31in the paris-based think tank with focus
- 00:01:33on
- 00:01:34climate strategy and disclosure
- 00:01:37today together with lisa and we are
- 00:01:39going to give you an overview to all of
- 00:01:42you who are maybe curious interested
- 00:01:44where would like to embark on the
- 00:01:46reporting yesterday reporting journey
- 00:01:48and all the fundamental information
- 00:01:51that's necessary for for you to embark
- 00:01:53on the journey
- 00:01:55um yeah so far so good so let's
- 00:01:57jump into the topic next slide please
- 00:02:05so first we're going to start off with a
- 00:02:07very fundamental question for the esg
- 00:02:09fundamentals
- 00:02:11why does it matter to your business well
- 00:02:13why are we all gathering here today for
- 00:02:16this session
- 00:02:17obviously it matters to every one of us
- 00:02:19to some extent more or less no matter
- 00:02:21whether
- 00:02:22you you you know the reason where you're
- 00:02:24not aware of it yet
- 00:02:26this notion becomes very popular
- 00:02:29in a business arena since 1960s
- 00:02:32and it has been increasingly important
- 00:02:34and embedded in every aspect of the of
- 00:02:36your business are in
- 00:02:39recent years
- 00:02:40next slide please
- 00:02:42um so
- 00:02:43in general we kind of categorized all
- 00:02:45the drivers of esg reporting into two
- 00:02:48parts the explicit drivers for example
- 00:02:51all the drivers that undoubtedly putting
- 00:02:53a pressure on your business for example
- 00:02:55investors those people who put money in
- 00:02:57your business
- 00:02:59now more and more investors have
- 00:03:00realized the importance of this topic
- 00:03:02and kind of consider it as a very
- 00:03:04fundamental and crucial factor when
- 00:03:06they're analyzing
- 00:03:08evaluating
- 00:03:09business whether they are resilient or
- 00:03:12not in the future to the future changes
- 00:03:14or whether they're healthy enough or not
- 00:03:16for a long-term development
- 00:03:18for example according to a bloomberg
- 00:03:20report apparently by
- 00:03:222025 the esg asset might hit
- 00:03:2753 trillion dollars and that's a lot of
- 00:03:29potential on the investment site and the
- 00:03:32next driver is legislation and lisa is
- 00:03:34going to dive in a little bit deeper in
- 00:03:36the next chapter
- 00:03:38but just
- 00:03:39look at how the wind turns around among
- 00:03:41investors and and by definition eesg
- 00:03:44literally it obviously haven't political
- 00:03:46financial or social impact and that will
- 00:03:49lead to
- 00:03:50the introduction of the wreck
- 00:03:52of a lot of regulations gradually moving
- 00:03:55forward which actually already happening
- 00:03:58and now let's look at the other side the
- 00:04:00implicit drivers so those are the driver
- 00:04:02that might not compe communicate with
- 00:04:04you loudly we're putting a pressure on
- 00:04:06you but they are entirely part of your
- 00:04:09business so to some point you have to
- 00:04:11address it and deal with it more or less
- 00:04:14voluntarily for example consumers just
- 00:04:16like investors they put money in your
- 00:04:18product
- 00:04:19and use your product and now more and
- 00:04:21more consumers also started to want to
- 00:04:24have a sustainable life themselves for
- 00:04:26example according to a research one out
- 00:04:28of four consumers in the uk
- 00:04:31us and australia they actually have
- 00:04:33claimed that they actually switch or
- 00:04:35stop the use of one brand that has esg
- 00:04:37concerns
- 00:04:39and the next one is employees well this
- 00:04:42is pretty obvious i guess
- 00:04:44all of us
- 00:04:45are in our employees we're at least once
- 00:04:48employees and we all would like to work
- 00:04:50for a business with good causes
- 00:04:53for example a fairer incentive
- 00:04:55structures or
- 00:04:58inclusive environment or culture
- 00:05:00it does not only make us more feel more
- 00:05:02rewarded or more motivated or it also
- 00:05:06make us be more productive efficiently
- 00:05:08working for our employers so this is
- 00:05:10also a good bonus for employer the
- 00:05:13company point of view
- 00:05:15and then last but not least because all
- 00:05:17the drivers that i've set so far they
- 00:05:19actually all have an impact on your
- 00:05:21business and actually have the same
- 00:05:23impact on all the other competitors and
- 00:05:25peers in the market too
- 00:05:27um so for uh and as a fact actually this
- 00:05:30year the yesterday market has set double
- 00:05:34and there are more and more companies
- 00:05:36just like you
- 00:05:37starting to consider this problem and
- 00:05:39also from the competition point of view
- 00:05:41too
- 00:05:42and so now i will hand it over to lisa
- 00:05:45to dive in a little bit deeper on the
- 00:05:46regulatory access
- 00:05:51thank you rachie um yeah so now that we
- 00:05:54have um looked into why is your esg
- 00:05:57reporting or even the assessment of esg
- 00:06:00criteria might be important for your
- 00:06:02business let's take a closer look into
- 00:06:04the
- 00:06:05existing reporting standards or
- 00:06:07frameworks that exist and that you might
- 00:06:10want to or may have to report on
- 00:06:13next slide please
- 00:06:15so yeah when you start looking into esg
- 00:06:17reporting you encounter a number of
- 00:06:20different abbreviations like i'm sure
- 00:06:22you've heard of cdp
- 00:06:24cstrd
- 00:06:26sfdr all those abbreviations and um not
- 00:06:29only do you encounter different
- 00:06:31abbreviations you even encounter
- 00:06:32different words for esg reporting like
- 00:06:34there's esg frameworks
- 00:06:36he has esg standards lately even esd
- 00:06:39regulations
- 00:06:40and
- 00:06:41i'm sure this is very confusing and
- 00:06:43overwhelming at the start so we actually
- 00:06:45want to help you there a little bit and
- 00:06:47start explaining the difference
- 00:06:49between a framework and a standard and
- 00:06:51also look into how frameworks and
- 00:06:53standards might correlate with
- 00:06:55regulations
- 00:06:56or regulatory requirements
- 00:07:00as a start and easy framework so the esd
- 00:07:02framework is more
- 00:07:04a bit more of a guideline that um
- 00:07:07provides principle-based guidance on how
- 00:07:11the information that you want to report
- 00:07:12on or that you should report on
- 00:07:14according to this framework is
- 00:07:16structured how it should be repaired and
- 00:07:18also what broad topics should be covered
- 00:07:20broad topics as an environmental social
- 00:07:22and governance but there's
- 00:07:24might be also others but yeah those are
- 00:07:27the three main topics
- 00:07:28and um frameworks are a bit less
- 00:07:32valuable um in regards to comparability
- 00:07:35because the framework is more up to the
- 00:07:36interpretation of an individual user of
- 00:07:39this framework so it still leaves like
- 00:07:41room for confusion
- 00:07:43for the market or for investors or
- 00:07:45whoever is interested in your esd
- 00:07:47performance
- 00:07:48whereas an esg standard is a bit more
- 00:07:51straightforward because esg standards
- 00:07:53provide specific detailed and replicable
- 00:07:55requirements and for what should be
- 00:07:58reported in each topic including the the
- 00:08:01metrics that you need that you need or
- 00:08:03should report on
- 00:08:05and therefore an esg standard is way
- 00:08:07more valuable in regards to
- 00:08:08comparability consistency and also
- 00:08:10reliability and disclosures
- 00:08:14both frameworks and standards can be
- 00:08:16mandatory or voluntary we'll take a
- 00:08:18closer look into that in the coming
- 00:08:20slides
- 00:08:21and
- 00:08:22maybe one more thing to say on that
- 00:08:24remarks if you look at it right now i
- 00:08:26would say there's
- 00:08:28there's more frameworks than standards
- 00:08:30on the market but um with the fight
- 00:08:32against queen washing and the growing
- 00:08:34interest of the market investors and
- 00:08:37regulators um
- 00:08:39for
- 00:08:40for esg reporting and and the importance
- 00:08:43of it um and the comparability of it and
- 00:08:46through transparency and the trend is
- 00:08:48leading more towards standards
- 00:08:51so yeah whether an esg standard or
- 00:08:53framework applies to your business
- 00:08:54mainly depends on the country you
- 00:08:57operate in or the jurisdiction in
- 00:08:59the case of the european union um
- 00:09:02or region even
- 00:09:04the number of employees and your annual
- 00:09:06turnover or balance sheet
- 00:09:10and if you could go to the next slide
- 00:09:12nicole
- 00:09:17yeah we have created this
- 00:09:20matrix of the most popular or important
- 00:09:24um not only frameworks and standards but
- 00:09:26also upcoming or existing regulations i
- 00:09:29understand that this can be a bit
- 00:09:30overwhelming now so this should just
- 00:09:32give you a little overlook you see here
- 00:09:34there's
- 00:09:35frameworks or regulations or standards
- 00:09:37that are globally um
- 00:09:39usable um there's also ones that are
- 00:09:41only applied for the eu or the uk or us
- 00:09:44i'm sure also of other countries but we
- 00:09:46have to we had to make some choices here
- 00:09:48so we went for the for the
- 00:09:51like ones that are most important for us
- 00:09:53as a company and of course our like our
- 00:09:55clients
- 00:09:56um
- 00:09:57yeah unfortunately we don't so yeah just
- 00:09:59as a start you see here um
- 00:10:02you see some of them are still in
- 00:10:04progress um indicated by those little
- 00:10:06lines some of them are already in place
- 00:10:08um you see here
- 00:10:10the number of companies who have to
- 00:10:12report them then or who do report on
- 00:10:14them in case of the involuntary ones
- 00:10:18but yeah like we of course we don't have
- 00:10:20the time to dive deep into all of them
- 00:10:22and into the matrix so we had to make
- 00:10:24some choices and
- 00:10:25um
- 00:10:26which one we want to dive a bit deeper
- 00:10:28in
- 00:10:30to and we decided to go for the um
- 00:10:33regulations that are in the european
- 00:10:35union
- 00:10:36mainly because um
- 00:10:39they some of them don't only require eu
- 00:10:42companies but also non-agent companies
- 00:10:44to report on them but more on that
- 00:10:47in the following slides
- 00:10:49the first one that we want to talk about
- 00:10:51briefly is the non-financial reporting
- 00:10:53director
- 00:10:55the non-financial reporting directive
- 00:10:57has required companies in scope since
- 00:10:592018 to publish a non-financial report
- 00:11:02on their esg performance together with
- 00:11:04their management report
- 00:11:07companies who have to
- 00:11:09report on the nfrd are eu company
- 00:11:12largely companies of public interest
- 00:11:15large in that case means they need to
- 00:11:17have more than 500 employees and a
- 00:11:20balance sheet of more than 20 million or
- 00:11:22a turnover of more than 40 million you
- 00:11:25need to
- 00:11:26fulfill two out of those three criteria
- 00:11:29to be in scope and you need to be of
- 00:11:30public interest meaning you have to be
- 00:11:32listed in one of the member states stock
- 00:11:35exchanges or you have to be a bank or an
- 00:11:37insurance company
- 00:11:40um
- 00:11:41the required indicators that you have to
- 00:11:43report on in your est report and your
- 00:11:46nfrd est report reach from environmental
- 00:11:49to social human rights and
- 00:11:51anti-corruption and bible refactors
- 00:11:54and there is um and now we're coming
- 00:11:58back to the framework and standard topic
- 00:12:01for the nfrd there is no clear reporting
- 00:12:03standard
- 00:12:04but only eu guidelines on the reporting
- 00:12:07and those guidelines um yeah are more or
- 00:12:09less like a framework so they give you
- 00:12:12ideas on
- 00:12:14on they they give you those for those
- 00:12:16four big sectors like environmental
- 00:12:18environmental social human rights and
- 00:12:20anti-corruption and bribery
- 00:12:22but
- 00:12:23they don't give you like a clear
- 00:12:25standard they don't tell you you have to
- 00:12:26report on on this indicator in in that
- 00:12:29format they just give you ideas if
- 00:12:31you're of this industry you might want
- 00:12:33to report on this so it's actually very
- 00:12:35again up to the interpretation of the
- 00:12:38individual users and
- 00:12:41that leaves businesses confused and
- 00:12:44maybe maybe not necessarily confused but
- 00:12:47if you look at it if you look at
- 00:12:49existing and nfrd reports they actually
- 00:12:52most of them look very different and
- 00:12:54that
- 00:12:55also leaves the market confused that
- 00:12:57leaves investors confused and also
- 00:12:59leaves auditing and insurance companies
- 00:13:01confused
- 00:13:02um
- 00:13:03[Music]
- 00:13:04and as it is a directive um
- 00:13:08an eu directive how it works is it needs
- 00:13:10to be translated into the single member
- 00:13:12states national law so there might be
- 00:13:14even slight differences between the
- 00:13:15different member states
- 00:13:17so yeah as you can see it is not a clear
- 00:13:19standard and it still leaves room for
- 00:13:21computer confusion and there's actually
- 00:13:23a lot of room for improvement
- 00:13:25and this is why if you could go to the
- 00:13:27next slide
- 00:13:31the nfrd currently is being amended
- 00:13:35into the corporate sustainability
- 00:13:37reporting directive
- 00:13:39the corporate sustainability reporting
- 00:13:41directive amends the scope and the
- 00:13:42reporting requirements of the nfrd
- 00:13:46and about the scope um other than the
- 00:13:49nfrd in the case of the csrd companies
- 00:13:52with more than 250 employees will be in
- 00:13:55scope
- 00:13:56that have either a bigger children over
- 00:13:58than 40 million again or a bigger
- 00:14:00balance sheet of 20 million again and
- 00:14:02also again here like for the nfrd you
- 00:14:04actually have to profile two out of
- 00:14:06those three criteria
- 00:14:08so if you have more than 40 million or
- 00:14:10more than 20 million you don't even have
- 00:14:12to meet the 200 plus 250 employees
- 00:14:15criteria
- 00:14:17other companies and scope here are all
- 00:14:20listed companies they are all listed
- 00:14:22companies except micro enterprises this
- 00:14:25is enterprises with less than 10
- 00:14:27employees
- 00:14:28and um and here is the global aspect of
- 00:14:32this regulation coming into place
- 00:14:34um non-even companies with subsidiaries
- 00:14:38and also have to report on the csrd if
- 00:14:41they make more than 150 million turnover
- 00:14:43in the market
- 00:14:46and so yeah again the csid as you can
- 00:14:49see um it like widens the scope of the
- 00:14:52of the um
- 00:14:55companies who have to report but it also
- 00:14:57introduces more detailed reporting
- 00:14:59requirements and a wider
- 00:15:01scope of reporting requirements
- 00:15:04so additionally to the um things that
- 00:15:06you have to report on and your nf id
- 00:15:08report or businesses have to report on
- 00:15:11in their nf id report they also have to
- 00:15:14start looking into the double
- 00:15:15materiality
- 00:15:17that means they don't only have to
- 00:15:18report on the
- 00:15:20impact they make as a company on
- 00:15:22sustainability factors they also have to
- 00:15:25report on how sustainability factors can
- 00:15:28impact them as a company
- 00:15:30as one example and it's a very
- 00:15:33simple and maybe sydney one but
- 00:15:35i just want to make sure that that i
- 00:15:38that i
- 00:15:39can explain it well
- 00:15:40one example of
- 00:15:42um
- 00:15:43of it would be you are a construction
- 00:15:46company and you build a lot of houses
- 00:15:48around the seaside
- 00:15:49um
- 00:15:50and this actually means that your
- 00:15:53financial performance might be in peril
- 00:15:55because of climate change because the
- 00:15:57sea levels are rising so you might have
- 00:15:59to decide to put less houses on the on
- 00:16:01this um because it's on the seaside or
- 00:16:03another example could be more on the
- 00:16:05social side
- 00:16:06that
- 00:16:07you
- 00:16:08might be a clothing company and you
- 00:16:10don't look a lot into the human rights
- 00:16:12in your supply chain
- 00:16:14and this could cause
- 00:16:16you a loss of um
- 00:16:18of
- 00:16:19income because more and more customers
- 00:16:22are looking into
- 00:16:23um humans right human rights in the
- 00:16:25supply chain or sustainability and
- 00:16:27clothing
- 00:16:31um so besides this double materiality in
- 00:16:34your csid report and you will also have
- 00:16:37to start
- 00:16:39including more forward-looking
- 00:16:40information like including targets that
- 00:16:42you might set as a company but also the
- 00:16:44progress you make on those targets
- 00:16:46and
- 00:16:49a huge step in comparison to the nfrd is
- 00:16:51that companies will have to start
- 00:16:54reporting according to mandatory eu
- 00:16:56sustainability reporting standards so
- 00:16:58this is to then actually have the
- 00:17:01the comparison to
- 00:17:03other companies
- 00:17:05and therefore it also makes it easier
- 00:17:07for for audit and insurance companies um
- 00:17:09and there will be with the csid also the
- 00:17:12introduction of mandatory audit and
- 00:17:14insurance standards because for the nfrd
- 00:17:17currently
- 00:17:18um for example in germany the um
- 00:17:21[Music]
- 00:17:23there's only a check if you include a
- 00:17:25non-financial report in your management
- 00:17:27report they don't even check the content
- 00:17:29of it
- 00:17:30and that will change with the csid there
- 00:17:32will be a standard for the auditing and
- 00:17:35also the ddd content check of of what
- 00:17:37you publish
- 00:17:40and the application date will start to
- 00:17:42be phased in from 2025 and that means
- 00:17:45that companies who are already reporting
- 00:17:47on the nfrd will have to start reporting
- 00:17:49in 2025 for the year 2024
- 00:17:52and then the other large companies will
- 00:17:54have to start reporting in 2026 for the
- 00:17:57year 2025.
- 00:18:00and
- 00:18:01small and medium-sized enterprises will
- 00:18:03have to start reporting in 2027 for the
- 00:18:06year 2026 since i'm almost done if you
- 00:18:09are a non-eu company you will only have
- 00:18:11to start reporting in 2029
- 00:18:15so yeah
- 00:18:16there was it about the cse da csid i
- 00:18:19would love like to now
- 00:18:21look a bit closer to the to one of the
- 00:18:24regulations that is actually industry
- 00:18:25specific and if you could go to the next
- 00:18:28slide
- 00:18:30that is the sustainable finance
- 00:18:32disclosure regulation and maybe you've
- 00:18:34heard of it maybe not the sustainable
- 00:18:36finance disclosure regulation requires
- 00:18:38financial market participants to
- 00:18:40disclose how they consider
- 00:18:42sustainability related impacts in their
- 00:18:44investment decision
- 00:18:48it is
- 00:18:50that the companies in school are all
- 00:18:52financial market participants but not
- 00:18:54only the ones in the eu but also all the
- 00:18:57ones that offer financial products on
- 00:18:58the market
- 00:19:00so if for example you are in us based vc
- 00:19:03and one of your funds also
- 00:19:06finances a u-based company you also have
- 00:19:09to look into sftr reporting
- 00:19:12um
- 00:19:12this is why as a region we put even plus
- 00:19:15global and and the status says plus mine
- 00:19:18is affected meaning that some of the
- 00:19:20reporting requirements are already in
- 00:19:22place some of them will start to be
- 00:19:25reported on in
- 00:19:26january 2023
- 00:19:29the sfdr aims to provide more
- 00:19:31transparency on sustainability within
- 00:19:34the financial markets also in a
- 00:19:36standardized way so we have a standard
- 00:19:38again to reorient capital flow flows
- 00:19:41towards sustainable investments and
- 00:19:43therefore prevent and also prevent queen
- 00:19:45washing and ensure comparability
- 00:19:48and the reporting
- 00:19:50requirements of the sfrd and will be
- 00:19:54both on entity and product level um and
- 00:19:57there will be reporting standards for
- 00:19:59both
- 00:20:00entity level meaning um
- 00:20:03if you're a financial market participant
- 00:20:05and you you will have to report for
- 00:20:07example
- 00:20:09or disclose the policies and that you
- 00:20:12use on the integration of sustainability
- 00:20:15risk and investment decisions but you
- 00:20:17also have to report on the principal at
- 00:20:19vs impact that you make as an entity on
- 00:20:23sustainability factors
- 00:20:25and product level disclosures means that
- 00:20:28again if you are abc and you offer funds
- 00:20:30you have also have to look into the
- 00:20:33sustainability of this fund and this
- 00:20:37actually is i think this is the most
- 00:20:39challenging bit because that means that
- 00:20:42you will need sustainability data from
- 00:20:44all your portfolio companies in order to
- 00:20:47report on the sustainability of your
- 00:20:49product
- 00:20:51and just a tiny
- 00:20:54little deep dive into the product level
- 00:20:56disclosure we don't have the time to get
- 00:20:58too deep into it but probably if you're
- 00:21:01a financial market participant you've
- 00:21:03heard of the article 6 8 and 9 different
- 00:21:06differentiation
- 00:21:07because there's actually a
- 00:21:08differentiation between those
- 00:21:10differently classified financial
- 00:21:12products in regards of the reporting
- 00:21:14requirements
- 00:21:15and a little
- 00:21:18a small look into it is just that
- 00:21:20article six products uh financial
- 00:21:23products that do not claim any
- 00:21:25environmental or like any esg objective
- 00:21:28whatsoever then there is the arctic aid
- 00:21:31products they are called the light cream
- 00:21:33products
- 00:21:34those are products that promote somehow
- 00:21:37environmental social factors
- 00:21:39and then there is the arctic inline
- 00:21:41products that are products that actually
- 00:21:43have um
- 00:21:45sustainable investment as their core
- 00:21:47objective and one of the differences
- 00:21:49between reporting for rtq6 products and
- 00:21:52in comparison to article 8 and 9
- 00:21:54products is the disclosure of your
- 00:21:57taxonomy alignment you have to do that
- 00:21:59for eight and nine
- 00:22:00and uh that leads me to the next slide
- 00:22:04d eo taxonomy um
- 00:22:08taxonomy is a classification as it's a
- 00:22:11it's um from
- 00:22:13regulation too and it the taxonomy is a
- 00:22:16classification that sets criteria to
- 00:22:20determine whether an economic activity
- 00:22:22significantly contributes to the sixth
- 00:22:24environmental objectives that are
- 00:22:27defined by the regulations
- 00:22:29those
- 00:22:30environmental objectives being climate
- 00:22:32change mitigation climate change
- 00:22:34adaptation sustainable use and
- 00:22:36protection of water and marine resources
- 00:22:40transition to a circular economy
- 00:22:42pollution prevention and control and
- 00:22:44protection of healthy ecosystems
- 00:22:49the eu taxonomy is
- 00:22:52applicable for all companies that are in
- 00:22:54the scope of the nfrd or in the coming
- 00:22:57csrp and also our companies that are in
- 00:23:00scope of the sfdr
- 00:23:02so i feel like that many people think
- 00:23:05that the eu taxonomy will require an
- 00:23:07additional
- 00:23:10report but that is not the case detects
- 00:23:12the disclosures that you are required to
- 00:23:15do in accordance to the eu taxonomy will
- 00:23:18have to be disclosed with your
- 00:23:19non-financial report that you do for the
- 00:23:21nfid or csid or that you do for the sftr
- 00:23:26and um yeah the eu taxonomy is a tool to
- 00:23:29help companies and investors make
- 00:23:31sustainable investment decisions
- 00:23:33and
- 00:23:35also i feel like this is also a
- 00:23:37misunderstanding and subjects to the eu
- 00:23:40taxonomy are obliged to report on their
- 00:23:42in taxonomy alignment they are not
- 00:23:44obliged to
- 00:23:46be taxonomy aligned
- 00:23:51yeah so this was our little um deep dive
- 00:23:54into the four main regular four
- 00:23:55regulations around esg reporting in the
- 00:23:58eu if you could go to the next lightning
- 00:24:00call
- 00:24:07yeah just to get back to this matrix you
- 00:24:09see we only covered like a minimum of
- 00:24:12what is out there and there is um of
- 00:24:15course i'm not sure if um if any of you
- 00:24:18are from the uk
- 00:24:20uh you see we also have the sccr that is
- 00:24:23very um relevant for the uk also now
- 00:24:26since april 2022 dtcfd
- 00:24:29um so if you have any questions on those
- 00:24:32please feel free to reach out and we're
- 00:24:34happy to help also use the q a session
- 00:24:37in the end of this webinar
- 00:24:43maybe we can use this slide to quickly
- 00:24:45take a break to see if there are any
- 00:24:47questions or if people are ready to
- 00:24:49continue to the next part of the session
- 00:24:56okay if everything is clear thanks a lot
- 00:24:59lisa then i think the next part will be
- 00:25:02reiki
- 00:25:07um so just now lisa
- 00:25:10covered the regulatory point part of
- 00:25:13this topic and now i'm going to be
- 00:25:15responsible for the practical
- 00:25:17aspect of this topic yes she in action
- 00:25:20so how to get started on on this journey
- 00:25:23what steps are needed etc
- 00:25:26next step please
- 00:25:30so as i talked about earlier at the
- 00:25:32beginning of this session the in the
- 00:25:34explicit and and implicit factors so now
- 00:25:37they are very important because they
- 00:25:38cert they serve as the trigger
- 00:25:41to kick off the whole esg reporting
- 00:25:44journey and as a first step next slide
- 00:25:46please nicole thanks
- 00:25:50so
- 00:25:51as the first step
- 00:25:54it's also the most fundamental step
- 00:25:56actually uh because that defines really
- 00:25:59the direction and trend and the
- 00:26:00tractatory of your esg reporting process
- 00:26:03moving forward
- 00:26:04um which is
- 00:26:06determining motivation and
- 00:26:07accountability this is very important
- 00:26:09because just as you can see just now
- 00:26:11from
- 00:26:12lisa's session that yesterday market
- 00:26:14right now is still
- 00:26:16quite voluntary uh there's obligation
- 00:26:19but there's some obligation for some
- 00:26:21certain
- 00:26:22criteria depending on the frame
- 00:26:23framework and region so in general it's
- 00:26:26still quite voluntary uh and it's not
- 00:26:28much very clearly defined as lisa i just
- 00:26:31now mentioned there's a lot of
- 00:26:33interpretation situation going on and
- 00:26:36there's not also not a lot of defined
- 00:26:37pathways so here is why it's very
- 00:26:39important to do from the first step to
- 00:26:41understand and checking with your own
- 00:26:43company and checking with yourself why
- 00:26:45you're wanting to doing it what is your
- 00:26:47goal what is your motivation and
- 00:26:50what who do you want to showcase this to
- 00:26:52which means aka your stakeholder that
- 00:26:55you care the most
- 00:26:56about for example is it um simply a
- 00:26:59reaction or response to an investor
- 00:27:02request or is it a customer feedback or
- 00:27:06is it a mandate um by your board members
- 00:27:09or simply just pressed by a certain
- 00:27:11regulation
- 00:27:12no so whatever the reason is or maybe
- 00:27:14it's also in like internal engagement
- 00:27:17right so whatever the the reason is it's
- 00:27:19really important to check in with
- 00:27:21yourself and reflect on this topic um so
- 00:27:24that you can stick with your company
- 00:27:26value and also stay true of your own
- 00:27:28company in this kind of fast changing
- 00:27:30and fast growing market
- 00:27:33um so ideally
- 00:27:35um it should be start like like start
- 00:27:37off with um with a strategy report like
- 00:27:40a proper esg strategy so that you can
- 00:27:42company wise align on your value
- 00:27:45strategy inflammation operation
- 00:27:47operation etc
- 00:27:48but if you haven't have it yet uh
- 00:27:51keeping at least a list of the checkoff
- 00:27:54boxes
- 00:27:55of your core values is also very
- 00:27:57important for you to do to stick with
- 00:27:59yourself and with your own company's
- 00:28:00value and also that will also help you
- 00:28:02as a first step to
- 00:28:04use to improve and develop your esg
- 00:28:06strategy
- 00:28:08next step please
- 00:28:11and now we know where we're going to go
- 00:28:13and which direction we're like we want
- 00:28:15to have and what is our general
- 00:28:17expectation then this time to choose an
- 00:28:19appropriate esg standard or frame
- 00:28:21framework or regulation so this uh step
- 00:28:24i call what uh lisa talked about just
- 00:28:27now in the previous session
- 00:28:29um all these factors um as as you can
- 00:28:32see just now he mentioned like she
- 00:28:34mentioned there's a lot of factor that
- 00:28:35influence your your geographical
- 00:28:38location for example so just like when
- 00:28:41you want to do online shopping like get
- 00:28:43a birkenstock shoes and then you then
- 00:28:45you have to use them like the filtering
- 00:28:47function to narrow down whether it's
- 00:28:49free delivery what texture
- 00:28:51um whether it's sustainable etc etc
- 00:28:54there are also a series of factors that
- 00:28:57can help you narrow down
- 00:28:59for example a next slide please nicole
- 00:29:04so
- 00:29:05for example your geographical location a
- 00:29:08certain framework or regulation is
- 00:29:10applicable in certain region but it's
- 00:29:12not applicable in other regions or for
- 00:29:16example whether it's obligatory or not
- 00:29:19and that's links to a lot of other
- 00:29:20factors for example the just as lisa
- 00:29:23said
- 00:29:24the revenue the size of your company the
- 00:29:26legal status etc etc
- 00:29:29and in general the bigger the company is
- 00:29:32your organization is where the more
- 00:29:34revenue you have there's a higher
- 00:29:36likelihood that you're gonna have more
- 00:29:38obligation to comply
- 00:29:40but for the smes the small and and
- 00:29:43medium enterprises um maybe you will be
- 00:29:46a bit lost on which option to fit in
- 00:29:48because there might be less obligation
- 00:29:50for you then in this case this is where
- 00:29:52the first step kicks in right then you
- 00:29:55can check in with your own corporate
- 00:29:57roadmap your strategy your stakeholders
- 00:30:00and listen to their opinion and to
- 00:30:02figure out maybe there's a certain topic
- 00:30:04that you would like to cover that people
- 00:30:05care the most about that you can also
- 00:30:07use this as the criteria to choose a
- 00:30:10framework or or standard that suits you
- 00:30:13because this is what
- 00:30:15you really care about actually
- 00:30:18and next step
- 00:30:20please and then once you know what you
- 00:30:23want and the next step is actually um a
- 00:30:27bit more technical because now you know
- 00:30:28what you want and all you need to do is
- 00:30:30just get a tool to get it to disclose
- 00:30:32what you want to disclose so usually
- 00:30:35right in the market we usually use a set
- 00:30:37of like a selection of questions to
- 00:30:39cover the esg topics that you care the
- 00:30:41most about
- 00:30:42um so that those set of questions will
- 00:30:45have to be responded so in the end it
- 00:30:47will be a esg re
- 00:30:49report so in this case we call this
- 00:30:52selection of questions a survey so just
- 00:30:54so you know you're not going to be
- 00:30:56confused moving forward when i call
- 00:30:57something a survey so this step is
- 00:31:00mainly about building and sending out
- 00:31:02the survey about your esg performance or
- 00:31:05if you're a financial institution you're
- 00:31:07the esr performance of your portfolio
- 00:31:09company
- 00:31:10um next slide please nicole
- 00:31:14and uh and yes so in this case it will
- 00:31:17be a bit more technical um so you will
- 00:31:20need to uh so so this is a time for you
- 00:31:23you can seek for third-party um
- 00:31:26help for example at plan day we also
- 00:31:28help on this but whoever you are working
- 00:31:30with it's also important to realize that
- 00:31:33the final decision making just lies in
- 00:31:35your hand you also need to consider
- 00:31:37before you find or seek for other
- 00:31:39people's help just to build a survey for
- 00:31:42for example what is the capacity on your
- 00:31:44site
- 00:31:45dedicated to this report for example if
- 00:31:48you are a company or your investor who
- 00:31:50want to request from your portfolio
- 00:31:52company then it's time to think about
- 00:31:54what kind of effort you expect from
- 00:31:56people who fill out those questions
- 00:31:59what how much time you would like them
- 00:32:00to allocate to filling it out
- 00:32:03and how much time of the notice you
- 00:32:05would like to ask so all this question
- 00:32:06is very important to help you to develop
- 00:32:08a survey for example if you know that
- 00:32:10you you don't have a lot of expectations
- 00:32:12and people don't do much then maybe you
- 00:32:15can make then maybe you will realize
- 00:32:17that having a whole survey of 100
- 00:32:19questions might be a little bit
- 00:32:20uh unrealistic for you etc etc so here
- 00:32:24this step the building and sending out
- 00:32:26survey is pretty technical but also
- 00:32:28there's something that you have to
- 00:32:29consider moving forward
- 00:32:32and then the next step once you send out
- 00:32:33the survey then now is the time to
- 00:32:35consolidate and validate your responses
- 00:32:39and i can see here most of you are
- 00:32:42already in a process of collecting data
- 00:32:44for carbon
- 00:32:45emissions where already have reached the
- 00:32:47first milestone of your baseline your
- 00:32:49carbon
- 00:32:50emissions so you guys might already have
- 00:32:52an idea of how how it looks like when
- 00:32:54you're collecting data for your carbon
- 00:32:56emissions so these things kind of go
- 00:32:58from here too you're collecting
- 00:33:00data regarding your esg performance no
- 00:33:02matter from your company also from your
- 00:33:04portfolio company
- 00:33:06so
- 00:33:07when we're then let's just think about
- 00:33:08the structure when you're collecting
- 00:33:09data for your carbon emissions the first
- 00:33:11step is to inform others and mobilize
- 00:33:13other people so that they know why
- 00:33:15they're doing it and what they're
- 00:33:17working for
- 00:33:18and also the second step is also of
- 00:33:20course to set up a structure with
- 00:33:21deadline
- 00:33:22accountability responsible people so
- 00:33:25that you can create a structure that can
- 00:33:27make the whole consolidation process
- 00:33:29more efficiently
- 00:33:31so here are the keywords
- 00:33:33next slide please
- 00:33:35so here the keyword is uh
- 00:33:38mobilization
- 00:33:40so now it revert back to the first um
- 00:33:43step again right we talk about explicit
- 00:33:46trigger and implicit trigger they're
- 00:33:47having an impact on you so that makes
- 00:33:50you want to diving deeper on the esg
- 00:33:53esg topic so the same goes for people
- 00:33:55who are going to fill out that report
- 00:33:57too so now it's also this is
- 00:34:00important for you to convey this message
- 00:34:01for them knowing that this is not a
- 00:34:03random question for administration this
- 00:34:06is actually a
- 00:34:08selection of questions that actually
- 00:34:10want to
- 00:34:11to have something for long-term
- 00:34:13resilience and development
- 00:34:16and next step please
- 00:34:19i know it's a little bit tricky that
- 00:34:21you have to go step by step
- 00:34:23and uh yeah and then once you collect
- 00:34:25all your um responses for esg uh then
- 00:34:29it's time for you to take a deep look at
- 00:34:31it
- 00:34:32and then to what's going on
- 00:34:34and then here the key words is insight
- 00:34:37and reflection
- 00:34:39uh next slide please
- 00:34:42and
- 00:34:43why
- 00:34:44because just as i said
- 00:34:46that esg market right now is still
- 00:34:49fast developing and there's so there's
- 00:34:51it's not really clearly defined so every
- 00:34:53step you make it's actually you're
- 00:34:55exploring yourself and then find a
- 00:34:57better way to be better react to the
- 00:34:59future and not only you everybody else
- 00:35:01is like this even the regulatory market
- 00:35:03is is like this so so this so the inside
- 00:35:06here is very very important so that you
- 00:35:08figure out where you stand what's your
- 00:35:10pain point what are you good at
- 00:35:13uh if you're a company who want to
- 00:35:15report for yourself then now you it's a
- 00:35:17time that you can straightforwardly have
- 00:35:18a look and how is your esg performance
- 00:35:22on topic that you really care about like
- 00:35:24strategically speaking
- 00:35:26um maybe there will be some surprise
- 00:35:28popping up and you realize oh wow like
- 00:35:30this is actually i took it for granted
- 00:35:32it's actually working like this and
- 00:35:33actually it's not working like that and
- 00:35:34now it's the time for you to realize
- 00:35:36okay maybe i should moving forward work
- 00:35:38on this
- 00:35:39and if you are an investor you requested
- 00:35:42reports from your portfolio company and
- 00:35:45now you will have an aggregation of the
- 00:35:47of all the reports and then you can
- 00:35:49either choose to dive in deep into each
- 00:35:52one of your portfolio company to check
- 00:35:54how is it going to each one of them or
- 00:35:57you can go also aggregate everything
- 00:35:58together and then take a deeper look at
- 00:36:01how is the general situation of esg
- 00:36:03performance in your portfolio in general
- 00:36:05so that you can also strategically have
- 00:36:07a look at okay is it does it really fit
- 00:36:10into where i want to go in the future
- 00:36:12and then if it doesn't fit how can i
- 00:36:14move forward or okay maybe during the
- 00:36:17course of the data collection of the esg
- 00:36:19report collection there's a lot of other
- 00:36:21things going on you have more strategy
- 00:36:23coming out more market player coming out
- 00:36:26with more regulation coming out then you
- 00:36:27can strategize okay this is where i
- 00:36:29where i'm from and what i how i can
- 00:36:31improve moving forward
- 00:36:34so it's all like a building up
- 00:36:36process
- 00:36:38next step please
- 00:36:40and yeah and the last step is
- 00:36:43communication uh well we are all
- 00:36:45business who want to have a good cause
- 00:36:46and who want to live up to the purpose
- 00:36:48but
- 00:36:49at the end of the day we also want to
- 00:36:50showcase all the efforts to the
- 00:36:52stakeholders that we care about right
- 00:36:54um communication on the esg
- 00:36:57performance help us to build up a
- 00:36:59reputation to our audience
- 00:37:01publicly
- 00:37:02and also help you to be more
- 00:37:04transparency internally externally and
- 00:37:07also yes she also help you to prove that
- 00:37:09or you you are making an
- 00:37:11effort to live up to what you want to be
- 00:37:14um so this is very important and when
- 00:37:17you communicate it's also again let's
- 00:37:19highlight the first step
- 00:37:21look back to your motivation and your
- 00:37:23original story and to take a look
- 00:37:26at what you want to communicate and so
- 00:37:28that and who would you would like to
- 00:37:30communicate so be so be sure that it's
- 00:37:32still aligned with your whole corporate
- 00:37:34strategy so you're not doing this for
- 00:37:36someone else and you're actually doing
- 00:37:38this for yourself actually that helps
- 00:37:40you to be more resilient moving forward
- 00:37:42too so you can co so you can convey the
- 00:37:45right message to the right audience
- 00:37:49uh next step please
- 00:37:51so
- 00:37:51uh here
- 00:37:53i i actually give some uh examples of
- 00:37:58the reports the yesterday report and
- 00:38:01what you can build into in the end and
- 00:38:03on the right side as you can see many of
- 00:38:05you by very familiar the first one is
- 00:38:08the carbon emissions report
- 00:38:10from our carbon emissions uh calculator
- 00:38:13and this is actually definitely can be
- 00:38:15of use of part of your question of the e
- 00:38:18environmental questions and the other
- 00:38:20two pages i just took a screenshot of um
- 00:38:23of of our esg report uh generated from
- 00:38:26esg model but what we can but you can
- 00:38:29definitely it's very flexible how how
- 00:38:31you would like to use all those data for
- 00:38:33example on the left side i also uh
- 00:38:36give some examples of some publicly
- 00:38:38disclosed reports from other company
- 00:38:41for example on the on the on the top
- 00:38:43side there's you can definitely use all
- 00:38:45those uh performance results as the
- 00:38:48performance uh annex in any one of your
- 00:38:51report that you would like to disclose
- 00:38:53and on the on the left bottom quarter
- 00:38:56you can also use it as just like a
- 00:38:58regulation compliance report for example
- 00:39:01this example is tcfd and also the right
- 00:39:04corner
- 00:39:05bottom corner is also something you can
- 00:39:07also use from your inside that you
- 00:39:09derive from the
- 00:39:11from the uh from your yesterday
- 00:39:13performance and make it part of your esg
- 00:39:15strategy or even annual report and just
- 00:39:18you wanted to know that all the sample
- 00:39:19that we create is there's no like stance
- 00:39:21that we said they're the best it's just
- 00:39:23to give you have an overlook like an
- 00:39:25overview of okay you actually have some
- 00:39:27flexible use of it and that's really
- 00:39:30depending on you and again that's really
- 00:39:32still go back to your own story and your
- 00:39:34own narrative
- 00:39:36um yeah and this is actually just the um
- 00:39:39end of my
- 00:39:40my part and the next slide i think is a
- 00:39:42key takeaway
- 00:39:44and if anybody have questions feel free
- 00:39:46to ask it out
- 00:39:51thanks a lot for watching this webinar i
- 00:39:53wish you a wonderful rest of your day
- 00:39:55and feel free to reach out if you have
- 00:39:57any questions
- ESG
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