Course description
Free Webinar: A Reshaping of Finance Through Standardized Sustainability Reporting
Sustainable finance – the incorporation of environmental, social and governance (ESG) factors in investment instruments and decision-making – has now entered the mainstream. In Canada alone, ESG-related assets have now reached $3.2 trillion, representing a growth of 48% since 2018. Larry Fink, CEO of the world’s largest asset manager Blackrock, in his 2020 Letter to CEOs, highlighted that climate change is now a “…defining factor in companies’ long-term prospects.” He predicted that this will lead to a significant reallocation capital “…sooner than most anticipate.”
Key to such a reallocation is likely to be reliable and comparable information on companies’ sustainability risks and opportunities. Companies have been reporting sustainability information for many years, but the use of a wide range of different frameworks and methodologies have made market comparison problematic. Driven by demand from institutional investors, this is rapidly changing. In late 2020, the five leading sustainability reporting organizations — including the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) — announced they plan to work together to develop a comprehensive global corporate reporting system. In addition, the International Financial Reporting Standards Foundation, whose financial reporting standards are followed in over 140 jurisdictions, has just concluded a global consultation on establishing a new Sustainability Standards Board to facilitate global sustainability standards.
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Upcoming start dates
Training content
Join us on March 11 for a livestream event hosted by The Ivey Academy and theIvey Centre for Building Sustainable Valuethat will unpack these developments and their implications:
- What will be the short and long term market impacts of aligned global corporate sustainability reporting standards?
- Is the availability of comparable information sufficient to drive major changes in investor decision making?
- What other changes are required for the capital markets to be truly a mechanism for enabling sustainable development?
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The Ivey Academy at Ivey Business School
The Ivey Academy is Canada’s leader in management education and professional development. We work with organizations in business and government to build leadership teams and drive strategic change. As a full-service learning and development provider, we design and deliver talent...