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Risk In The Boardroom – Are You Making The Right Calls?
Webinar

Webinar Recording

Do your board members share the same view on risk around the table? Governance and compliance might focus attention through the risk appetite statement, but ESG and Impact investment throw up new Performance related challenges on the true level of risk understanding.

Funds based on Environment, Social and Governance performance are now established mainstream, with the category catapulted into the limelight by the global pandemic. Some even say Impact investing is now an unsustainable bandwagon, but do we all agree on ‘Sustainability’ anyway?

It is time to look at what ESG can mean for investors, and why the companies seeking to please investors are so nervous about which recipe of ‘alphabet soup’ will quench their appetite. Is there an optimum performance mix spanning all three E, S and G metrics, or is it best to concentrate on one of the three like Climate change?

Isn’t there enough risk in backing investments that lack a solid financial return, why compound this risk using spurious metrics for the good of society or the wider economy? How can investors separate real benefits from ‘Greenwash’ in the absence of any universally recognised system?

In this stimulating and provocative talk we look at how some of the largest asset management firms like Blackrock see risk, and how some big players like the mining giant RTZ have managed to create reputation damage through misinterpreting risk.

Read Garry’s recent blog post on INVESTMENT RISK – THE NEW DILEMMA

Speaker:

Garry Honey was a member of the Centre of Stakeholding & Sustainable Enterprise (CSSE) based at Kingston University at a time when the CSSE worked with the UN Environment Programme on stakeholder engagement. He was also a member of the risk modelling agency SERM (Sustainable Enterprise Risk Management) a pioneer ratings agency for sustainable investment funds looking at reputation risk.

He has designed compliance training courses for bankers and was a visiting professor at the Institute of Banking & Finance in London. He currently works with Henley business school where he designed the risk module for a new programme on Board Practice & Development. This was based on his behavioural economics approach to risk governance: ‘what boards need to know about risk’.

As a consultant, he advises boards on non-financial risks: reputational, political and ethical. Since the EU Non-Financial Reporting Directive (NFRD) came into force in 2018 he has noticed an increase in enquiries about reporting risk relating to Environmental, Societal and Governance (ESG) issues.

Date
Friday, 28 August 2020

Time
15:00 - 15:45 BST

Cost
Free