The focus on ESG in the boardroom is set to pick up more steam as we head into 2020. The Business Roundtable's August 2019 statement on the purpose of the corporation drives home the need for every board to consider its responsibility to customers, employees, suppliers, the community and the environment, in addition to long-term shareholder value.
ESG is about Risk, and it's about Opportunity. It means something different to every company in every industry. Cyber threats, water scarcity, recyclability, human rights, diverse markets, the list goes on. And with little standardized data on ESG, its hard for investors to compare companies.
How do you complete a robust assessment of your company's potential ESG-related risks?
How do you determine the materiality of those risks?
How do you integrate values, goals and metrics into business strategies to mitigate ESG risks?
How do you tell your ESG story to shareholders?
This half-day boot camp will help your board answer these questions and more through interactive discussions and hands-on exercises with peer directors, investors and ESG thought leaders.
Monday, November 18, 2019
12:30 - 1:00 pm
1:00 - 1:10 pm
1:10- 2:00 pm
What is ESG - A Roadmap for Oversight
Barbara Berlin | Director, PwC's Governance Insights Center
Peter Reali | Senior Director, Responsible Investing, Nuveen, a TIAA Company
Regulators and investors alike see ESG lapses as red flags signaling trouble ahead. Socially responsible investing is exploding, with some $8 trillion-plus in assets now managed using ESG factors. This session will set the context for WHY boards should pay more attention to ESG themes, as well as share HOW to improve the ESG oversight efforts in your boardroom.
2:00 pm - 2:50 pm
Turning Up the Heat on Climate Change Risks and Oversight
Rinaldo Brutoco | Founding President & CEO, World Business Academy; Former Board Member, Tailored Brands (1992- June 2019)
Matt DiGuiseppe | Head of the Americas Asset Stewardship Team, State Street Global Advisors
Veena Ramani | Senior Program Director, Capital Market Systems, Ceres
Climate-related risk is no longer just an environmental concern--stakeholders are assessing and measuring the environment's impact on a company's business models, assets and reputation, as well as the organizational preparedness to cope with an energy shift. How is your board monitoring the risks and impact of climate change across your value chain, including supply chain vulnerabilities, physical assets and consumer demands for change? And how should you be doing it? This session will help your board develop and implement a forward-looking plan of action for climate risk management. You'll build your climate competency and gain tips to integrate climate change into your board's strategic planning and risk oversight processes.
2:50 - 3:10 pm
3:10- 4:00 pm
Oversight of the Silent "HR" in ESG - Diversity and Inclusion, Employee Relations, Misconduct and More
Mary Morris | Investment Officer, Corporate Governance, CalSTRS
No longer a question of corporate citizenship, stakeholders are clear that human capital management is a key fiduciary responsibility for boards—State Street Global Advisors put corporate culture at the top of its list for 2019, and BlackRock’s Larry Fink made it clear that boards should be reviewing and addressing their company’s workforce. In this session, we’ll evaluate regulators’ and investors’ expectations for greater disclosure of human capital management metrics, such as gender pay equity and female talent, as well as share examples of recent shareholder proposals and settlements. You’ll build a framework to:
Establish human capital related KPIs and tie those metrics to executives’ incentive compensation plans
Identify red flags
Measure the status of progress
4:00- 4:50 pm
Getting Materiality Right - Linking Sustainability to Financial Performance
Lauri Shanahan | Board Member, Cedar Fair, Deckers Brands and Treasury Wine Estates
Katie Schmitz Eulitt | Director of Investor Outreach, SASB
What are the key questions your board should be asking management to identify and act on financially material sustainability risks and opportunities? This session will help your board facilitate a more complete and robust assessment of your company’s long-term risks and value creation, and, in turn, inform and enhance your ESG-related dialogue with shareholders. The speakers will provide valuable tips to help your board:
Define business-critical sustainability issues
Link sustainability to financial performance
Streamline efforts to better measure and report on ESG issues that impact value and are critical to investors
Create balanced scorecards and internal dashboards for monitoring performance management and progress
Respond to investors’ ESG-related areas of concern and information needs
4:50- 5:00 pm
Wrap up and Take-aways
5:00- 6:30 pm
Networking Reception with all ESG Bootcamp and Peer Exchange participants