Through a discussion that was interactive, the audience of the CEO Briefing got a lot of insights from the session on how the business perceives the value of non-financial/ESG performance, and on the other hand how the investment’s decision makers’ mindset are changing over times pertaining to the value of Environment, Social and Governance (ESG).
The briefing and dialogue themed as “Is your non-financial performance revealing the true value of your business to investors?” was held by IGCN in collaboration with Ernst & Young (EY) Indonesia on Wednesday, 12 April 2017 at EY Meeting Room, at it's premises at the Stock Exchange Building, SCBD, Jakarta. The event was attended by 21 CEOs and professionals from various industries.
The session was moderated by Sancoyo Antarikso, External Relations Director & Corporate Secretary of PT Unilever Indonesia, Tbk., with Basrie Kamba, Director of Communications & External Affairs of PT Vale Indonesia, Tbk and Mathew Nelson Global & Asia Pacific Leader, Climate Change and Sustainability Services of Ernst & Young (EY) shared their perspectives on business perception on the non-financial reporting/ESG.
The topic discussed was derived from EY’s new global report on investors’ expectations around Environmental, Social and Governance (ESG) reporting. There has been a global trend toward increased interest in non financial information, i.e. ESG on the part of investment professionals. But the question we continue to seek to answer is whether ESG information is, ultimately, influencing investor decisions. In each of the last three years, research undertaken by EY has documented an expanding role of ESG factors in the decision making of investors around the world.
In line with this, UN Global Compact has a mandatory reporting that is known as Communication on Progress (COP) which is a reporting to stakeholders in atransparent and public manner which is fundamental for companies committed to sustainability. This is one of several powerful drivers of non-financial reporting that are pushing companies to act responsibly and report on their actions. For futher information, click Transparancy builds trust in UN GlobalCompact website.
We do believe that we are creating values on the non-financial/ESG reporting through this small discussion. We are hoping to cover similar topics again in the future CEO Briefing sessions. Be alert of when this is coming, which will be be announced through IGCN website: www.indonesiagcn.org
Link to learn more about E&Y's Result in Global Investor Survey