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London - March 2013

Registration is closed. Contact gabrielle.osei@icgn.org for further information.

Hosted by Bloomberg City Gate House, 39-45 Finsbury Square, London, EC2A 1PQ


DAY 1: Monday 18 March 2013

 

08:30 - 08:40  Welcome and introductions

 

08:40 - 10:00 Module 1: Overview of ESG in practice and international guidance

  • Evolution of ESG in practice – the history, origins and trigger points
  • Market drivers from systemic risk to climate change
  • Business case for governance in relation to value and risk
  • The investment and accountability chain
  • Review of common corporate models and ownership structures
  • Comparative regulatory frameworks and major market differences
  • Policy trends and priorities for ESG

Presenters: Kerrie Waring, Head of Secretariat, ICGN (UK), Richard Mattison, Chief Executive Officer, TruCost (UK)

 

10:00-10:30 Refreshments

 

10:30– 12:30 Module 2: Managing ESG responsibilities: theory, practiceand international guidance

  • Understanding fiduciary duties
  • Functions of ESG professionals
  • Relationships with portfolio managers
  • Stewardship codes and model documents
  • ICGN institutional investor responsibilities guidance and Model Mandate
  • ESG structure and resourcing
  • Interactions with the board of trustees
  • Reporting: obligation or opportunity?
  • International challenges
  • Success as a journey – not as a destination
  • Overview of OECD principles, ICGN Principles and the Model Mandate Initiative

Presenters: Grant Kirkpatrick, Former OECD (France) & Paul Lee, Director, Hermes Equity Ownership Services (UK)


12:30 – 13:30 Lunch

 

13:30 – 15:30 Module 3: How to conduct an ESG analysis of a company

  • Different approaches to ESG analysis for the investment strategies of integration, engagement, voting and screening
  • Key questions for analysts to ask when executing these approaches
  • Comparing integrated valuation approaches from sell-side brokers
  • Introducing external ESG measurement tools from independent research providers
  • Interpreting analysis given different client aims, as well as diverse global cultural and regulatory environments
  • Developing or adapting internal templates

Presenter: Dr. Steve Waygood, Chief Responsible Investment Officer, Aviva (UK)

 

15:30 – 16:00 Case Study introduction

 

16:00 – 16:30 Refreshment break

 

16:30 – 19:00 ICGN-PRI-EFFAS Forum

 

19:00 – 20:30 Networking drinks & canapés reception


 

DAY 2: Tuesday 19 March 2013

 

08:30 – 10:30 Module 4: ESG and investment decision-making

  • Evaluating costs and benefits of ownership tactics
  • Incorporating ESG into investment time horizons
  • Practical challenges to embed ESG into the investment process
  • ESG integration process : The 'ESG Value approach' vs the 'ESG Risk profile approach'
  • Universal Owner principle: applying market-wide concerns to individual stakes
  • Application of ESG to different asset classes, including debt, property and private equity
  • Investment approaches to ESG: e.g. activist hedge funds, focus funds, relational funds
  • Approaches to ESG in indexed funds versus actively managed portfolios
  • Short selling and governance implications
  • Screening and exclusion strategies

Presenters: John Howchin, Director General, AP funds Ethical Council (Sweden) & Alex van der Velden, Chief Investment Officer, Ownership Capital (The Netherlands)

 

10:30 - 11.00   Refreshment break

 

11:00 - 13:30 Case Study: ESG engagement in practice

Presenters: Karina Litvack, Former Head of Governance and Sustainability Investment, F & C Investments (UK) & Grant Kirkpatrick PhD, Former OECD Head of Corporate Affairs, Consultant (France)

 

13:30 – 14:30 Lunch

         

14:30 – 16:00 Module 5: Managing AGM voting

  • Value of the vote
  • How the proxy voting chain works in different jurisdictions
  • Strategies for AGM presentation
  • Developing, implementing and refreshing voting guidelines on ESG
  • Working with a proxy voting decision makers and portfolio managers
  • Understanding benefits and limitations of outside services
  • International dimensions and cross-border challenges

Presenter: Georgina Marshall, Executive Director, Head of European Research, ISS Governance (UK)

 

16:00 - 17:30  Module 6: Effective engagement and communications

  • Background to developing an engagement strategy
  • Tools of engagement—dialogue, filing resolutions, collective action, media
  • Determining who should be involved in the engagement
  • Evaluating engagements

Presenters: David Trenchard, Vice Chairman, Knight Vinke (Monaco) & Leon Kamhi, Global Head of Engagement, Hermes Equity Ownership Services (UK)

 

17:30 - 17.45 Programme Summary

Presenter: Kerrie Waring, Head of Secretariat, ICGN (UK)



This programme is kindly hosted by: 

Bloomberg