15 October 2013

Take 15: Enhanced ESG Disclosure and Long-Term Investing in Europe (Video)

Posted In: Equity Investments, Portfolio Management

Steve Waygood, chief responsible investment officer at Aviva Investors, explains the European Commission’s adoption of a proposal to enhance transparency of environmental and social issues and the implications for long-term investing. Waygood is also chairman of the SRI Advisory Committee for Aviva Investors and currently lectures in sustainable finance at Cambridge University’s Programme for Sustainability Leadership.

Here is a quick breakdown of the video:

0:56 – 2:15: What is the European Commission’s proposal regarding enhanced disclosure on social and environmental issues?

2:16 – 3:50: What disclosure is expected that is not being made currently?

3:51 – 4:59: What type of companies will have to make the enhanced disclosure?

5:00 – 6:50: If such disclosure is important for investors, why have market forces not lead to it?

6:51 – 8:14: Is there a risk that this disclosure will become a mere tick-box exercise for the companies?

8:15 – 9:44: Does this disclosure relate to integrated reporting?

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

Tags: equities, ESG, Responsible Investing, Socially Responsible Investment (SRI), Sustainable Investing, Take 15, Videos

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About the Author(s)

Usman Hayat, CFA

Usman Hayat, CFA, writes about sustainable, responsible, and impact investing and Islamic finance. He is the lead author of "Environmental, Social, and Governance Issues in Investing: A Guide for Investment Professionals;" the literature review, "Islamic Finance: Ethics, Concepts, Practice;" and the research report "Sustainable, Responsible, and Impact Investing and Islamic Finance: Similarities and Differences." He is interested in online learning and has directed three e-courses for CFA Institute: "ESG-100," "Islamic Finance Quiz," and "Residual Income Equity Valuation." The other topics he writes about are macroeconomics and behavioral finance. He has experience working in securities regulation and as an independent consultant. His qualifications include the CFA charter, the FRM designation, an MBA, and an MA in development economics. He has served as a content director at CFA Institute. He is a former executive director at the Securities and Exchange Commission of Pakistan (SECP) and former CEO of the Audit Oversight Board (Pakistan). His personal interests include reading and hiking.