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

Member of the Advisory Committee

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.

Carolynn Chalmers

Chief Executive Officer of The ESG Exchange

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.

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