Environmental, Social and Corporate Governance (ESG) – New Disclosure Rules for Financial Services Industry (FSI) in 2021

Facilitator: Bruce Gahir, CIMA – Presenter/Trainer, Board Member of the ACCA Global Ethics Forum, Senior Lecturer & Associate Head of Finance and Accounting Dept, Prague College

These new ESG initiatives seek to direct investment flows to issuers and sectors with more sustainable business and operational models, and to place ESG at the forefront of the investment process, alongside returns.

The new disclosure requirements for investment managers and advisers with respect to their environmental, social and corporate governance (ESG) policies will apply in the European Union from 10 March 2021. New climate-related disclosures will apply to investment managers in the United Kingdom under a UK disclosures regime that is expected to be phased in from 2022. Although the finer details implementing the new frameworks have not yet been finalised, it is clear that the EU and the UK have ambitious plans for enhancing ESG disclosure in the financial sector.

The new rules are part of the EU’s Sustainable Finance Action Plan and the European Green Deal, which seek to transition the EU to a more resource-efficient and sustainable economy, and to build a financial system that supports sustainable growth. The new rules will form part of the “Green Finance Strategy” and the “Roadmap towards mandatory climate-related disclosures”. These requirements are complementary to the disclosure requirements regarding governance and shareholder engagement introduced by the second Shareholder Rights Directive, and echoed in the revised Stewardship Code. These initiatives seek to direct investment flows to issuers and sectors with more sustainable business and operational models, and to place ESG at the forefront of the investment process, alongside returns.
This online course will offer participants an understanding of these new ESG initiatives with a particular focus on the reasons behind their introduction and possible methodologies of implementation.

LEARNING OUTCOMES

● Understand the reasons that underpin the new proposed ESG disclosure rules for 2021.
● Understand the scope of these new ESG rules and the role of investment/finance managers.
● Understand the possible consequences and different approaches that could be adopted in their implementation.
● Gain insight and planning into best practices in ESG reporting and assessment.

CONTENT

I. What are the new EU ESG Disclosure requirements?
1. Structure of the new ESG disclosure requirements
– Background to the rules
– Shareholder engagement
– What changes are required?
2. Implementation and scope of the new ESG disclosure requirements
– When do the new rules apply?
– Which investment managers are in-scope of these new rules?
– What are the new EU requirements?
– Next steps…

II. Sustainable finance and the implementation of the new ESG Disclosure requirements

1. Sustainability risk in investment decision-making
– What factors need to be considered for sustainability risk due to the new ESG disclosures?
– Changes to the obligations of investors and asset managers

2. How to prepare for the implementation of the new ESG disclosure requirements?
– Key disclosure requirements
– Pre-contractual disclosure requirements
– Website disclosures
– Detailed guidance and checklist for asset managers
– Examples

TARGET AUDIENCE: Directors and Managers of Investment and Risk Management and any Stakeholder with an interest, implementation or responsibility in the areas of ESG. Specific titles and functions that are of particular relevance include: ESG Management Strategies, ESG Implementation in the Financial Sector, ESG Disclosure Management Regulatory and Economic Capital, Finance and Treasury, Regulation & Compliance, Internal Control, Audit, Financial Institutions Advisory, Bank Supervision and Regulation, Sustainable Financial Stability and Economic Analysis. etc.

NUMBER OF PARTICIPANTS: limited to max. 12
The webinar will be highly interactive, based on discussions and case studies.

FACILITATOR/LECTURER: 
After graduating from University of London, Bruce first worked in the international banking environment before diverting to the study of philosophy and teaching at Prague College. He is currently Associate Head of the Schools of Business, as well as a Principal Lecturer in both schools, where he teaches Financial Accounting, Business Ethics with Corporate Governance and Business Strategy.
Bruce’s research interests are in the areas of Virtue Ethics, Finance, and Business Strategy. Currently his research focuses on Business Ethics with a special interest in decision-making models using the framework of Virtue Ethics.
Other areas of interest, together with those of Head of School Stefano Cavagnetto, are to do with Portfolio Theory, CAPM, algorithmic trading, behavioural finance, and efficiency of financial markets.

Bruce holds MSc in Applied Mathematics from the University of London, Queen Mary College, MPhil in Philosophy (Business Ethics), and BA (Hons) in Philosophy from the University of London, Birkbeck College as well as BSc (Hons) in Mathematics/Physics from the University of London, Bedford College. He also holds CIMA Qualification from the Chartered Institute of Management Accountants and PGCE – Postgraduate Certificate in Education from the UK Department of Education. He has also completed the Fintech Programme at the University of Oxford’s Said Business School.
Currently he is a Board Member of the ACCA Global Ethics Forum.
Facilitator: Bruce Gahir, CIMA
Presenter/Trainer, Board Member of the ACCA Global Ethics Forum, Senior Lecturer & Associate Head of Finance and Accounting Dept, Prague College

WHEN:
March 16 – 17, 2021 (9:30 – 11:30 & 11:45 – 13:45)
DURATION: 8 hours (net) – 2 sessions of 4 hrs. /day REGISTRATION: by March, 15 2021
The webinars will be hosted and delivered using ENVISIA Online Platform, Powered by KNOLYX, a secured e-learning platform, allowing the virtual participation, both from home or from work, with no risks associated, using just a browser. After the registration to the course, one day before the webinars took place, the participants will receive a link to access the virtual classroom.

A digital CERTIFICATE OF ATTENDANCE will be issued under the aegis of ENVISIA – Business School & IASE – International Association for Sustainable Economy.

CONTACT US:
Gabriela HÂRȚESCU, PhD
COO & Dean ENVISIA Business School
Tel: 0040.748.886.800
E-mail: gabriela.hartescu@envisia.eu

Gabriela Hârțescu
Gabriela Hârțescu este Decan & COO la Envisia – Boards of Elite. Are peste 20 de ani de experiență în domeniul formării profesionale și al educației academice în domeniul financiar-bancar, deținând diferite funcții manageriale și responsabilități atât în România, cât și la nivel european: Director General al Institutului Bancar Român, membru al Consiliului de Administrație și președinte al Comitetului EFCB-Triple E la European Banking & Financial Services Training Association etc. Este, de asemenea, trainer/formator autorizat și susține seminarii în domeniul finanțării comerțului internațional. Gabriela este: Membru afiliat al Chartered Institute for Securities and Investment UK (CISI) Membru al Asociației Analistilor Financiari și Bancari din România (AAFBR) Președinte al Comisiei Bancare – ICC (CCIR), Președinte al Comitetului Academic din cadrul International Association for Sustainable Economy (IASE). Este Doctor în Finanțe, titlu obținut la Academia de Studii Economice.

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