Encompass HK - CSR Evolution to CSV
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A review of the history of CSR and how the transition to CSV is shaping achievement of the UN SDGs
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Encompass HK - CSR Evolution to CSV
- 2. The History of CSR (1950 – 2000) Source: History and evolution of corporate social responsibility By Mauricio Andrés Latapí Agudelo
- 3. Source: History and evolution of corporate social responsibility By Mauricio Andrés Latapí Agudelo
- 5. Capitalism &Philanthropy Source: Rethinking Capitalism - Paul Tudor Jones - https://www.ted.com/talks/paul_tudor_jones_ii_why_we_need_to_rethink_capitalism?language=en#t-273987 Profits Giving
- 6. Capitalism & Income Inequality Source: Rethinking Capitalism - Paul Tudor Jones - https://www.ted.com/talks/paul_tudor_jones_ii_why_we_need_to_rethink_capitalism?language=en#t-273987
- 7. Porter & Kramer’s concept of Shared Value • Shared value is policies and opera*ng prac*ces that enhance the compe**veness of a company while simultaneously advancing the economic and social condi*ons in the communi*es in which it operates. • Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success. It is not on the margin of what companies do but at their center. • It is not about personal values, nor is it about ‘sharing’ the value already created by firms (aka redistribu*on). Instead, it is about expanding the total pool of economic and social value.
- 9. Governance • ethics • board diversity • shareholder rights • supply chain engagement Environmental • greenhouse gas emissions • water use • waste disposal Social • diversity disclosures • labor rela*ons • product and employee health & safety • community development ESG in Prac*cal Terms
- 11. Source: Sustainable Stock Exchange Initiative database Lookup Your Brands
- 13. Source: Sustainable Stock Exchange Initiative database
- 14. Key Proposals • Introducing mandatory disclosure requirements in the ESG Repor*ng Guide to include: (i) a board statement seing out the board’s considera*on of ESG issues; and (ii) applica*ons of relevant repor*ng principles and boundaries in the ESG report; • Requiring disclosure of significant climate-related issues which have impacted and may impact the issuer; • Amending the “Environmental” key performance indicators (“KPIs”) to require disclosure of relevant targets; • Upgrading the disclosure obliga*on of “Social” KPIs to “comply or explain”; and • Shortening the deadline for publica*on of ESG report to align with the publica*on *meframe of annual report (i.e. within four months (Main Board issuers) or three months (GEM issuers) amer the year-end date). May 2019 Improvements
- 19. Early Adopter Spotlight • Issuing $4.35 billion in corporate green bonds since 2013 • Underwripen $38 billion in green bonds on behalf of 100 clients since 2007 • Renewable energy team responsible for $10.5 billion of renewable energy tax equity financing for wind and solar facili*es • Funding projects that contributed a cumula*ve $35.6 billion to GDP More info: hpp://fortune.com/change-the-world/bank-of-america/
- 21. Governance & Scale Spotlight • Reducing packaging and rerou*ng its trucks saved $200 million as it shipped more products • Act effec*vely as the EPA for their own supply chain, showing the poten*al for free market environmental protec*on • Recently asked congress to raise the minimum wage
- 23. Business links to SDGs These SDGs really fit who we are — they’re accurate reflec*ons of our mission, our purpose in the world and our core business, and we're going to track our progress against these three or four or five SDGs. Nobody's trying to bite off all 17 of them, which is a good thing, but everybody's trying to take a few. Steve Schueth, President and Chief Marke*ng Officer at First Affirma*ve Financial Network
- 25. 17 Sustainable Development Goals Set in 2015 by the United Na<ons 169 specific targets To be achieved by 2030 THE GLOBAL GOALS For Sustainable Development
- 26. Fragmented and compartmentalized approach to resolving issues related to SDGs Investors are looking for ac*ons that go beyond the HKEX ESG Repor*ng Guide (12 KPIs) Limited understanding of SDGs • Limited number of companies commiped to • fulfilling SDGs: 2,900+ /1,300,000 + SDGs are not on the policy agenda SDGs in Hong Kong - Challenges Government Private Sector & Civil Society An environmentally-biased understanding of sustainable development
- 28. Personal Impact THINGS YOU CAN DO FROM YOUR COUCH • Stop paper bank statements and pay your bills online or via mobile. • Turn off the lights. Your TV or computer screen provides a cosy glow, so turn off other lights if you don’t need them. • Stay informed. Follow your local news and stay in touch with the Global Goals online or on social media at @GlobalGoalsUN. • Tell us about your ac*ons to achieve the global goals by using the hashtag #globalgoals on social networks. • In addi*on to the above, offset your remaining carbon emissions! You can calculate your carbon footprint and purchase climate credits from Climate Neutral Now.
- 29. THINGS YOU CAN DO AT HOME • Let your hair and clothes dry naturally instead of running a machine. • Take short showers. Baths are for special treats. • Eat less meat, poultry, and fish. More resources are used to provide meat than plants • Freeze produce and lemovers if you don’t have the chance to eat them before they go bad. • Compost—compos*ng food scraps can reduce climate impact while also recycling nutrients. • Recycling paper, plas*c, glass & aluminum keeps landfills from growing. • Buy minimally packaged goods. • Avoid pre-hea*ng the oven. Unless you need a precise baking temperature, start hea*ng your food right when you turn on the oven. • Replace old appliances with energy efficient models and light bulbs. • Choose a beper diaper op*on. Swaddle your baby in cloth diapers or a new, environmentally responsible disposable brand.
- 33. Encompass-HK EncompassHKAsia warren@encompasshk.com 04 THANK YOU! www.encompasshk.com encompasssdg
- 34. Leader Spotlight: Xylem • Xylem’s mission, to “solve water,” is as broad as it is urgent: By 2025, roughly 25% of the world’s popula*on, or 1.8 billion people, are expected to be living in areas with water scarcity.
- 37. Our Partners