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Materiality

information for investor decision making

  • 13 July 2023

This is the second in our Tech Talks series which will take place on the second Thursday of every month.

Tech Talks provides a window on the work of the Technical Committee – what global experts are debating and the answers that are emerging.

In December 2022, The International Sustainability Standards Board (ISSB), operating under the International Financial Reporting Standards Foundation (IFRS), published its approach to the concept of sustainability and its articulation with financial value creation.

 

 

“Sustainability … is the ability for a company to sustainably maintain resources and relationships with and manage its dependencies and impacts within its whole business ecosystem over the short, medium and long term.” ISSB

 

 

The ISSB believes that “By referring to this articulation of the value creation process, a company will be better placed to explain to its investors how it is working sustainably within its business ecosystem—addressing the impacts, risks and opportunities that can affect its performance and prospects—to ultimately deliver financial value for investors.”

 

Who should watch this video

  • Board, Audit, Risk and Sustainability Committee members
  • CEOs, CFOs and executive management
  • Legal counsel and compliance officers
  • Sustainability officers
  • ESG practitioners

What you will learn

forewarned is forearmed

This video will equip you with the ability to explain the various approaches to materiality determination and to understand the considerations for such in the context of the ISSB Standards and other international sustainability reporting standards.

Watch this video to learn how to:

  • Explain the various approaches to the determination of materiality i the context of enterprise value creation
  • Understand the considerations for such from the perspective of the ISSB standards and other international standards.

Hosted by:

PeadarDuffyPic Square

Kindly sponsored by:

Expert Guests

Sue Lloyd Head and Shoulders
Rod Carr
Tjeerd-Krumpelman

The ESG Exchange is an initiative of the Good Governance Academy

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Johannesburg, 2193, South Africa

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Peadar Duffy

Global ESG Practice Lead at Archer Integrated Risk Management

Chair of the Technical Committee

Peadar Duffy is Archer’s Global ESG Practice Lead, and is responsible for leveraging his thought leadership in the organizational risk and governance domains to provide strategic direction and collaboration across Archer’s internal and external partners in the design and development of Archer’s ESG solutions. 


He currently represents Ireland on the ISO technical committees for Risk Management (TC 262) and the Governance of Organisations (TC 309) where he is involved in the development and revision of various guidelines, reports and technical specifications.


Most recently Mr. Duffy had been involved with other international experts in the development of the first global governance guideline which emphasizes organizational purpose and other ESG-sustainability principles underpinning performance and long-term viability. Mr. Duffy began his 25-year career in risk management spanning multiple industry sectors in Ireland, the US and Middle East following 15 years in the Irish military.

Sue Lloyd

Vice-chair of the International Sustainability Standards Board

Member of the Advisory Committee

Sue Lloyd became the Vice-Chair of the International Sustainability Standards Board (ISSB) in March 2022.

 

She served as a member of the International Accounting Standards Board (IASB) from 2014 and as IASB Vice-Chair from 2016. She also served as Chair of the IFRS Interpretations Committee from 2017.

In addition to her IASB responsibilities, she played a leading role in the establishment of the ISSB from 2020, including as a member of the Technical Readiness Working Group, which was created by the Trustees to give the ISSB a running start.

 

Prior to becoming an IASB member, Sue worked for the IFRS Foundation as a senior technical director, leading the development of new IFRS Accounting Standards, and as director of capital markets with responsibility for the IASB’s reform of accounting for financial instruments. She also worked for the IFRS Foundation from 2002 to 2004 as a technical project manager.

 

Sue has held various positions in investment banking both in the UK and in Australia and has served as a member of the Australian Accounting Standards Board (AASB). She has a Master’s degree in accounting and finance from the University of Auckland in New Zealand.

 

Sue stepped down from the IASB when she joined the ISSB.

Rod Carr

Member of the Governing Council

Dr. Rod Carr was appointed Chair of He Pou a Rangi Climate Change Commission in December 2019. Prior to that he had spent ten years as Vice Chancellor of University of Canterbury, five years as Chief Executive of Jade Software Corporation Limited and in his time served as Deputy Governor, Acting Governor, non Executive Director and Chairman of the Board of the Reserve Bank of New Zealand. His first career was in Banking and Finance with the Bank of New Zealand and National Australia Bank. Since 2018 he has been a director of ASB Limited, the wholly owned New Zealand subsidiary Commonwealth Bank of Australia. He Chairs ASB’s Risk and Compliance Committee.

 

Rod served for five years as the founding chair of the National Infrastructure Advisory Board and for ten years as a director of the Canterbury Employers’ Chamber of Commerce. He was a director of Taranaki Investment Management limited during the time it owned Tasman Farms Limited which ran 12,000 dairy cows in North West Tasmania.

 

Rod holds a PhD in Insurance and Risk Management and an MA in Applied Economics and Managerial Science, an MBA in money and finance and both an honours degree in law and an honours degree in economics. He was a director of Lyttelton Port Company for ten years and is currently a director of Crown Entity Otakaro which has overseen a billion dollars of construction in Te Pae, the Christchurch Convention Centre, and Metro Sports Centre in Christchurch. Rod remains the founding trustee of the $100 million Christchurch Earthquake Appeal Trust and is a Trustee of the Christchurch Arts Centre which has been involved in a decade long $220 million restoration after the 2011 Christchurch earthquakes.

Tjeerd Krumpelman

Global head of advisory, reporting & engagement / Group Sustainability, ABN AMRO

Member of the Advisory Committee

Tjeerd is Global Head of Business Advisory, Reporting & Engagement at ABN AMRO. With more than 18 years of experience in the banking sector he started as a private banker, investment advisor and later on as Head of Investment teams.

 

Recently he has been working within ABN AMRO’s Corporate Strategy & Sustainability department. He heads up a team that offers advice on sustainability and is responsible for integrated thinking & reporting.

 

 

Tjeerd is Chair of the Integrated Thinking & Strategy Group of the Value Reporting Foundation. This special interest group brings together companies, partners and supporters to further develop the concept of integrated thinking and focuses on ‘integrated thinking and strategy‘. The group offers world-renowned and innovative organizations the opportunity to share thinking about developing strategy across multiple capitals, learn from world leaders and co-create a common view of integrated thinking that is globally relevant to help build resilient, future-fit businesses.

 

Tjeerd is also a member of the Competent Boards faculty which is comprised of global leaders and experts from around the world that contribute directly to the organizations’ program content.

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