TBLI CONFERENCE™ NORDIC 2014 - Improving CSR Communication - Alyssa Heath - PRI UK
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Transcript of TBLI CONFERENCE™ NORDIC 2014 - Improving CSR Communication - Alyssa Heath - PRI UK
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Paris - 24 February 2014
TBLI Nordic: Workshop 12Alyssa Heath Senior Manager, Reporting and Assessment
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THE SIX PRINCIPLES
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AT A GLANCELaunched in April 2006 at the NYSE, the Principles for Responsible Investment has:
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PRI R&A - Paris - 24 February 2014
Reporting at the PRI
▪ COMMITMENT ▪ Reporting on RI is one of the six Principles
that organisations commit to when they become a signatory to the PRI.
▪ ANNUAL REQUIREMENT ▪ Completing the Reporting Framework is
mandatory for all Asset Owners and Investment Managers signatories to the PRI.
▪ NEW PUBLIC DISCLOSURE ▪ From 2013, a subset of the reported
information will be made public.
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PRI R&A - Paris - 24 February 2014
THE INVESTMENT CHAIN
Dedicated modules
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Paris - 24 February 2014
FINDINGS
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1. To what extent have you experienced that investors are interested in or use CSR information?
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1. To what extent have you experienced that investors are interested in or use CSR information?
Implementation of RI by PRI signatories
0%
25%
50%
75%
100%
Listed Equity Incorporation Engagement (direct) Voting (direct)
RI implementationNo RI implementation
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▪ Country specific legal requirements (including interpretation of fiduciary duty)
▪ Perception of materiality of ESG issues
▪ Long term investment approach
▪ Alignment with investment beliefs
▪ Pressure from beneficiaries/civil society/media
2. Why do some investors use CSR related information, whereas others do not?
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▪ Quantifying the benefits and costs of specific ESG factors
▪ Identifying risks and opportunities that traditional investment research may not
▪ Identifying leaders and laggards
▪ Identifying the beneficiaries of longer-term structural changes in the economy
▪ Assessing company performance against its ESG objectives and targets
2. Why do some investors use CSR related information, whereas others do not?
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2. Why do some investors use CSR related information, whereas others do not?
▪ Within PRI, most signatories report that they are using some form of CSR information
!▪ The reporting data suggests
investors use a combination of sources and different strategies for using the data.
!▪ Many investors are using 3rd party
Service Providers
Signatories using ESG data (Top 3)
0%
23%
45%
68%
90%
Company ratings/Analysis Sector data
0,630,71
0,87
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3. How do you experience that investors obtain CSR information?
▪ PRI Reporting data shows there are 3 key ways Signatories collect CSR related information directly: ▪ Integrated annual reporting ▪ CSR Reports ▪ CDP
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4. How can companies improve their CSR reporting and communication to make it more interesting and "usable" for investors?
Content ▪ Consistency ▪ Materiality ▪ Forward looking ▪ Clearly state timeframes for strategies/targets ▪ Benchmark against previously stated goals
!Practical
▪ Link content through an index, section headings, diagrams, cross-references, process maps, navigation symbols – make it easy to reach.
!Disclosure requests from third parties
▪ Identify those with the greatest reach and make sure the information provided is high quality.
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Thank you