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About the event

ICGN is proud to be hosted by Andra AP-fonden (AP2) for our 2023 Stockholm Conference, to be held at the Radisson Blu, Stockholm.

The event will cover sustainability standards and reporting, looking specifically at the evolution of this space and next steps for companies and investors. With so much going on - such as the growing demand for meaningful sustainability reporting, the global consolidation of sustainability reporting standards and new approaches to materiality - ICGN plans to convene various regulators and key industry stakeholders in one place to provide informative and practical updates.

Save the date: 7th & 8th March 2023.

Register your interest now

 

For our registration terms and conditions click here

Please contact Karel Krticka via karel.krticka@icgn.org, for branding or sponsorship opportunities. 

Date

-

Location

Stockholm Waterfront Congress Centre & Radisson Blu

Fee

Members: £500* 
Non-Members £750*  

*Delegate rates will be subject to 25% Swedish Tax

Registration will open in 2023. Complete this form to be alerted as soon as registration opens. 

Agenda

  • 7 March 2023 - ICGN Stockholm Conference Day 1

    08:30 – 09:00
    Delegate Registration
    09:00 – 09:15
    Opening remarks

    Kerrie Waring, CEO, ICGN
    Andra AP-fonden / AP2

    09:15 – 09:30
    Morning keynote
    09:30 – 10:30
    Plenary 1: Unique Characteristics of the Nordic Model of Corporate Governance

    Nordic corporate governance is often characterized as being shareholder-led, allowing for controlling shareholders to influence the long-term strategy and direction of investee companies. Dual class share structures in Nordic companies are common and, in Sweden, shareholder-based Nomination Committees provide an alternative approach to shareholder influence on investee companies. But what protections are afforded to the rights of minority shareholders? How are conflicts managed to mitigate overt control from a significant shareholder?   This session will explore unique characteristics of corporate governance in Nordic countries in comparison with other models.

    10:30 – 11:00
    Networking refreshments
    11:00 – 12:00
    Plenary 2: Convergence of sustainability reporting standards and frameworks

    This year was awash with public consultations on corporate sustainability reporting standards including from the International Sustainability Standards Board, the European Financial Reporting Advisory Group, and national standard setters such as the US SEC. Globally harmonized standards will serve to reduce the reporting burden on companies while equipping investors with rigorous, comparable, and verifiable sustainability information, backed by regulation and enforcement. How feasible is a global baseline as a reality? What aspects are likely to be subject to regional / national fragmentation?  What efforts are underway for collaboration to ensure realization of a global baseline within a reasonable timeframe?

    12:10 – 13:10
    Hosted sessions

    Session 1 - Hosted by Pomerantz LLP

    Session 2

    Session 3

     

    13:10 – 14:10
    Networking Lunch
    14:10 – 15:10
    Plenary 3: New Era for Investor Disclosure: Implementing EU Sustainable Finance Disclosure Regulations (SFDR)

    First applied in March 2021,SFDR is designed to promote sustainable investment across Europe as part of a broader EU Sustainable Finance Action Plan.  It aims to standardize terminology for sustainable investment products and reduce greenwashing. Financial products are tiered according to category, the most relevant being Article 8 demonstrating ‘ESG characteristics,’ and Article 9 focused on ‘sustainable investment.’ Any investor that markets products within the EU is subject to reporting requirements at both fund and product level. This includes policies on how sustainability related risks are incorporated in investment decision-making and statements of due diligence around principle adverse sustainability impacts. In doing so investors must verify the degree to which their portfolio companies demonstrate ‘good governance practices’ and adhere to sustainability standards. How has disclosure evolved as investors prepare for a second round of reporting by June 2023.  What are the challenges and how can efficiencies be gained?

    15:10 – 16:10
    Plenary 4: Preparing for EU’s Corporate Sustainability Reporting Directive (CSRD) – what companies need to know

    First introduced in April 2021, the CSRD replaces the EU Non-financial Business Reporting Directive and will be effective from January 2024. Once approved by the European Parliament and Council, the Directive will influence the drafting of standards by the European Financial Reporting Advisory Group (EFRAG), mandatory for over 50,000 of the largest EU companies and as well as non-EU based companies with EU-based subsidiaries, or securities on EU-regulated markets. CSRD aims to drive consistency and comparability of sustainability related information and notes specifically human rights, diversity, anti-corruption as well as wider environmental and social aspects. Importantly, the ICGN Global Governance Principles are referenced, as an authoritative global framework of governance information of most relevance to users. What does this mean in practice? How should ‘governance’ be universally defined? How will this impact investor and company engagement? What are the challenges and opportunities?

    16:10 – 16:20
    Day One Closing Remarks
    16:20 – 18:00
    Networking Drinks Reception
  • 8 March 2023 - ICGN Stockholm Conference Day 2

    08:30 – 09:00
    Registration
    09:00 – 09:10
    Welcome back remarks
    09:10 – 10:10
    Plenary 5: Financial accounting and assurance for sustainability reporting

    While global consolidation of sustainability reporting standards is evolving, many investors are calling on companies to demonstrate how sustainability-related factors can materially impact asset values, earnings, contingent liabilities, and statements of going concern. To help improve the quality of climate related corporate reporting and auditing, standard-setters and regulators have issued guidance. To what extent is this guidance being followed by companies and auditors? What are the challenges companies face in demonstrating net-zero accounting disclosures on critical assumptions, scenarios and judgements? How is this information currently being audited or assured?

    10:10 – 11:10
    Plenary 6: Leveling the playing field with harmonized remuneration disclosure

    Early next year the European Commission will publish Guidelines which specify a standardized presentation of the remuneration reports across Europe to facilitate consistency and comparability of information across companies and countries.  Additionally, investors are calling for more information around the process for remuneration setting as well as the rationale for individual awards. Long-term incentive plans have become ever more complicated, often combined with claw back arrangements, net holding requirements and performance-based deferrals of cash bonuses. This is coupled with a lack of clear alignment with sustainability related key performance indicators to demonstrate progress towards achieving objectives such as net-zero emission targets. To what extent are Remuneration Committees fit for purpose in the 21st century?  What impact will systemic events such as rising inflation, food and energy shortages and Russia’s war against Ukraine have on executive remuneration? What do we expect to see in the new wave of corporate remuneration reporting from March 2023?

    11:10 – 11:30
    Networking refreshments
    11:30 – 12:30
    Plenary 7: Investor Stewardship Codes - latest developments

    Stewardship Codes continue to provide a helpful roadmap for investors around how to implement responsible investment practices focused on investee company monitoring, voting and engagement. This includes disclosure around the governance arrangements of investors themselves and reporting requirements to clients, beneficiaries, and the public in general.  Over the past 12 months, the Code for Responsible Investing in South Africa has been updated while new Codes will soon be released in New-Zealand and Spain. What are the latest innovations? Where is there convergence among regions / countries? How are the Codes applied or enforced? How do investors handle public policy advocacy in ways that support fiduciary duties and enhance their stewardship responsibilities? What does effective stewardship disclosure look like and what are its essential elements?

    12:40 – 13:40
    Hosted Sessions

    Session  4

    Session 5

    Session  6

    13:40 – 14:40
    Networking Lunch
    14:45- 15:45
    Plenary 8: Long-Term Responses to Systemic Risks

    While some organisations are actively preparing for a downturn, others are looking to adjust to what they see as a new market reality. Both companies and investors are considering whether current factors such as de-globalization, trade wars, tariffs and their impact on global and domestic companies are reflective of a world which has fundamentally changed for the long-term or the result of shorter-term political plays. This panel will discuss how companies and investors manage systemic threats, factoring in their long-term goals.

    15:45 - 16:45
    Closing Keynote Remarks