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Black Box Illuminated: Grasping the ESG Impacts of the Finance Sector

Grand Ballroom 1
14:00 - 15:30

Transparency and accountability are fundamental to aligning financial institutions with sustainable development goals. This includes understanding and making visible the impacts of financial institutions in the context of environmental, social and governance (ESG) issues. Only what is measured can be acted upon and progress be tracked. Over the last decade, much progress has been made on the ESG transparency of companies in the “real economy” as a result of initiatives like the Carbon Disclosure Project (CDP) and the Global Reporting Initiative (GRI). However, the ESG impacts, performance and risk exposure of financial institutions, or the “financial economy”, are too often enclosed in a “black box”. This session will discuss the barriers that deter financial institutions from undertaking robust ESG accounting, disclosure and reporting, and how ESG transparency and accountability can benefit both external stakeholders and financial institutions themselves.

Moderator

  • Mr. Julian Poulter, Founder and Executive Director, Asset Owners Disclosure Project

Speakers:

  • Dr. Astrid Zwick, Head, Corporate Responsibility, Munich Re
  • Mr. Matthew Patsky, CEO, Trillium Asset Management
  • Ms. Frances Way, Co-Chief Operating Officer, CDP
  • Ms. Rosemary Bissett, Head of Sustainability Governance & Risk, National Australia Bank
  • Mr. Robin Edme, Senior Advisor Responsible Finance, French Ministry of Ecology, Sustainable Development and Energy