What is ESG and Why It Matters Now
Investors, lending institutions, shareholders, and donors are increasingly using Environmental, Social, and Governance factors to evaluate companies on how far advanced they are in promoting sustainability.
Canadian Boards of Directors and CEOs need to take note that the federal banking regulator has recently put financial institutions on notice to prove they can be trusted to adequately adjust for the risks posed by climate change. If they don’t they will be mandated to keep more capital and hence reduce lending. On May 26, 2022 OFSI released draft guidelines to mitigate the risks of climate change as the country’s financial institutions prepare for mandatory disclosures starting in 2024.
Our half-day ESG workshop, including a case study, will help participants and their organizations review ESG requirements in a holistic manner and using appropriate ESG metrics.
Who Should Attend
- Board of Directors members responsible for finance, safety, governance, compliance and risk management.
- Safety and risk management middle managers.
- CFOs and investment managers.
- Public relations/communications specialists.
What You’ll Learn
- To recognize when strategies need an overhaul.
- Awareness of the various standards bodies which are key players in financial and sustainability reporting requirements.
- To identify which practices associated with key future risks and how they can be developed into opportunities for competitive advantage, to either protect or generate value to shareholders and stakeholders.
- To help develop an ESG statement of purpose that would be clearly stated on the digital footprint and communicated to stakeholders and regulators, where applicable. This statement would be supported with appropriate metrics and a robust reporting mechanism.
- To reassure investors that it’s thinking ahead, so they continue to invest in it.