Advocacy Talking Points 28 July 2020
ESG Disclosure Practice and Dialogue
Webinar presented by CFA Institute, GRI, and Business Environment Council
Webinar Presentation: ESG Disclosure Practice and DialogueDownload PDF
The growing recognition of the impact that material ESG factors have on companies’ long-term prospects has resulted in the strong demand for quality ESG reporting from investors, stock exchanges and regulators.
When it comes to ESG reporting we often deal with a list of acronyms, with each representing a different standard or framework. To provide better clarity and consistency for both corporates and investors, there are efforts underway to harmonize these frameworks and standards, while Global standard setter GRI has been producing documents to show linkages between the GRI standards to that of the exchanges.
Do companies face any challenges in complying with these reporting standards? What strategic benefits do they see in producing insightful and top-quality reports? Are investors able to articulate the ESG information disclosed?
- Kelly Lee, Vice President, Policy and Secretariat Services Unit, Listing Department, HKEX
- Anna Krotova, Senior Manager, GRI Standards, GRI
- Siobhan Cleary, Director, Capital Markets Engagement, GRI
- Mary Leung, CFA, Head, Advocacy Asia-Pacific, CFA Institute
- Dr. Nadira Lamrad, Assistant Director, Sustainability and ESG Advisory, Business Environment Council
- Gabriel Wilson-Otto, CFA, Head of Stewardship, Asia Pacific, BNP Paribas Asset Management
- Jessica Chan, Head of Sustainability, MTR Corporation
- Scott Lee, director, Asia-Pacific Research Exchange, CFA Institute
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Ms. Kelly Lee joined Hong Kong Exchanges and Clearing Limited (“HKEX”) in 2013. Ms. Lee has been working in the Policy and Secretariat Services Unit of the Listing Department, and has been involved in HKEX’s major listing policy initiatives in recent years. Prior to joining HKEX, Ms. Lee was a senior associate practicing corporate and securities law in Hong Kong with a leading international law firm. Ms. Lee graduated from the University of Hong Kong with a bachelor’s degree in Business Administration (Law) and a bachelor’s degree in Laws, and is a qualified lawyer in Hong Kong and in England & Wales.
Anna Krotova joined GRI in 2016. She leads the development of GRI Standards covering environmental issues, such as water, waste, and biodiversity, to ensure they help steer organizations towards addressing present-day environmental challenges through clear and transparent sustainability reporting.
Anna’s sustainability expertise builds on diverse roles in consulting, international development and NGOs across Europe. Prior to joining GRI, Anna worked at Metabolic, International Finance Corporation, UNDP, and WWF. Anna holds an MSc in Industrial Ecology from TU Delft and an MA in Environmental Policy from Moscow State University. She is a LEAD Fellow of 2010.
Siobhan Cleary recently joined the Global Reporting Initiative as its Director of Capital Markets Engagement. Prior to joining GRI, Siobhan was Head of Research at the World Federation of Exchanges where she led the WFE’s work in sustainability, SMEs and emerging markets. In this role, she was responsible (amongst other activities) for overseeing the development of the WFE’s Sustainability Principles and research on the role of stock exchanges in promoting sustainable development, in collaboration with UNCTAD. She was formerly the Director of Strategy and Public Policy for the Johannesburg Stock Exchange where she led the development of corporate and business strategy and engaged with national and international regulators on issues of financial policy. She currently serves as a non-executive Director on the Board of the JSE.
Siobhan has an LLB and an MBA from the University of Cape Town, an MA in International Relations and Economics from the Johns Hopkins University SAIS and is currently completing an MSc in Climate Change from King’s College, London. She is a Yale World Fellow of 2011.
Mary Leung, CFA, is the head, standards and advocacy, Asia Pacific, at CFA Institute. She is responsible for the development, maintenance, and promotion of capital markets policy perspectives in the APAC region. She also oversees the promotion and development of CFA Institute professional standards in the region. Mary has over 20 years of experience in the global financial industry, having worked in corporate finance, wealth management advisory, and fund management. Previously, she was with Coutts & Co, where she was director of Business Development and Management for North Asia. Prior to that she was executive director at UBS AG, where she led the Corporate Advisory Group in Hong Kong. With experience in both the buy- and sell-sides, Mary has a strong understanding of the drivers and dynamics of different investor groups, including institutional investors, corporates, family offices, asset owners, and high-net-worth individuals. Mary graduated from Peterhouse, Cambridge with a degree in Engineering. She is a CFA charterholder and speaks English, Putonghua, and Cantonese.
Dr Lamrad leads the sustainability and ESG advisory team at BEC advising corporate clients on how to develop and communicate sustainability strategies, initiatives and performance. She monitors and analyses the latest market and regulatory developments to advise clients on potential ESG risks and opportunities. Dr Lamrad has worked with a number of large and small and medium enterprises providing guidance and advisory services regarding their sustainability strategy, benchmarking, policy development and reporting.
Gabriel Wilson-Otto is the Head of Sustainable Investing Strategy at Fidelity International and based in Hong Kong. Gabriel leads the global development of sustainable investment frameworks, policies, proprietary tools, and product offerings. He works closely with a wide range of internal and external stakeholders to support Fidelity’s sustainable investing ambition and to develop solutions for clients.
Gabriel joined Fidelity in 2021 from BNP Paribas Asset Management where he was the Global Head of Sustainability Research and had previously held the position of Head of Stewardship, Asia Pacific. Prior to BNPP AM, he was an Executive Director in Goldman Sachs’ Global Investment Research division and Head of GS SUSTAIN for Asia.
Gabriel holds a Bachelor of Commerce (Finance and Economics) and a Bachelor of Information Systems from the University of Melbourne. He is a CFA Charterholder.