ICGN Stewardship & Sustainability Programme One Day Agenda

09:00 – 09:30
Registration
09:45 - 10:00
Course Introduction
10:00 - 11:00
Module 1: Overview of Stewardship and Sustainability in theory and practice
  • Gain familiarity with the concept and purpose of investor stewardship
  • Trace how historic, cultural, political and economic drivers give rise to corporate governance and stewardship codes across different jurisdictions
  • ICGN Global Stewardship Principles: a global framework
  • Map the chain of investment from ultimate capital provider to target asset
  • ESG and the sustainability of sustainability
  • Access latest evidence on the business case for Stewardship and ESG as an investment factor in value and risk across asset classes
11:00 – 11:30
Refreshments
11:30 - 12:30
Module 2: Managing stewardship responsibilities and disclosures
  • Understand basic fiduciary duty principles
  • The asset chain and the ecosystem of stewardship
  • Start with the governance of the investment firm itself
  • Discuss the roles, resources, expectations, and goals of ESG professionals within investment organizations and their relations with other parts of the investment firm
  • Consider how effectively to report on stewardship activities
12:30 - 13:30
Module 3: Basic principles of corporate governance: what investors should expect from companies
  • What is corporate governance and why is it important?
  • What is corporate governance and why is it important?
  • Links to stewardship and the governance of sustainability
  • Differing models of governance: global perspective
  • Components of the governance “ecosystem”: Board directors / Executive management / Investors / Stakeholders / Regulators
  • ICGN Global Governance Principles: focus on board effectiveness
  • Governance of sustainability: how directors oversee ESG factors as both risks and opportunities
  • What is the academic evidence about corporate governance?
13:30 - 14:15
Lunch
14.15 – 15:15
Module 4: ESG and investment decision-making
  • Evaluate methods of integrating ESG into investment for different asset classes
  • Assess the implications of ESG integration on asset pricing over different time frames
  • Appreciate the impact of ESG integration and shareowner engagement on investment objectives such as contributing to risk-adjusted financial returns, the institution’s reputation and the integrity of the market as a whole
  • Understanding of the challenges of ESG integration
  • Value the importance of a clear policy, a robust process and a focus on real outcomes
15:15 – 16:15
Module 5: How to conduct an ESG analysis of a company
  • Understand the financial rationale for incorporating ESG into valuation analysis
  • Identify and utilise ESG data, ratings and measurement tools
  • Build appreciation of macro industrial changes into risk assessments
  • Case study of ESG analysis
  • Overcome internal barriers to ESG analysis
16:15 - 16:30
Refreshments
16:30 - 17:45
Module 6: Effective stewardship in practice: monitoring, engaging and voting
  • Understand how stewardship activities fit within investment work
  • Gain practical insight into the issues confronting investors
  • Set realistic objectives for engagement grounded in investment considerations
  • Understand the tools available and the skills required for success
  • Evaluate outcomes
  • Understand the value of the vote
  • Appreciate the structure and complexity of the voting pipeline
17:45 - 18:00
Programme Summary