Given that it looks like the SEC will mandate ESG disclosure, what should it mandate?
Date
Agenda | Biographies of Speakers & Panelists | Zoom Recording
Moderated by: April Klein, Robert Jackson, and Edward Rock
Roundtable Overview:
Post-election, with a new SEC chair, one of the Commission’s priorities is “ESG Disclosure.” In what should that consist? As with the enactment of the 1933 and 1934 Acts, Securities Regulation works best when it codifies best practices. What are the best practices in ESG Disclosure? What are the most sophisticated asset managers looking for? Looking to avoid? What are the most forward-thinking companies currently providing? What can Finance scholarship tell us about what the market uses?
Welcome & Introduction
Fireside Chat
Session 1: Insights from Finance (April Klein, Moderator)
Materials Referenced:
Papers
Slide Deck
Session 2: Asset managers: What should the SEC do? What should the SEC NOT do? (Robert Jackson, Moderator)
Session 3: What would a “standard-setting” strategy look like? How would it be designed? Implemented? (Edward Rock, Moderator)
Session 4: Issuers: What are forwardly thinking issuers currently doing? What challenges are they facing? Can the SEC help bring order to a chaotic situation? (David Katz, Moderator)
Closing:
NOTE: This roundtable will be recorded and posted to the ICGF and Ross Institute websites.
Moderated by: April Klein, Robert Jackson, and Edward Rock
Roundtable Overview:
Post-election, with a new SEC chair, one of the Commission’s priorities is “ESG Disclosure.” In what should that consist? As with the enactment of the 1933 and 1934 Acts, Securities Regulation works best when it codifies best practices. What are the best practices in ESG Disclosure? What are the most sophisticated asset managers looking for? Looking to avoid? What are the most forward-thinking companies currently providing? What can Finance scholarship tell us about what the market uses?
Welcome & Introduction
10:00 am: Robert Jackson, April Klein, & Edward Rock
Fireside Chat
10:15 am: John Coates (Securities Exchange Commission)
Session 1: Insights from Finance (April Klein, Moderator)
11:00 am: Christian Leuz (Chicago Booth)
George Serafeim (Harvard Business School)
Marcin Kacperczyk (Imperial College, London)
Lucrezia Reichlin (LBS; ECGI)
Sara DeSmith (PricewaterhouseCoopers)
George Serafeim (Harvard Business School)
Marcin Kacperczyk (Imperial College, London)
Lucrezia Reichlin (LBS; ECGI)
Sara DeSmith (PricewaterhouseCoopers)
Materials Referenced:
Papers
Mandatory CSR and Sustainability Reporting: Economic Analysis and Literature Review, Christian Leuz
Economic Analysis of Widespread Adoption of CSR and Sustainability Reporting Standards: Structured Overview of CSR Literature, Christian Leuz
Economic Analysis of Widespread Adoption of CSR and Sustainability Reporting Standards: Structured Overview of CSR Literature, Christian Leuz
Slide Deck
Session 2: Asset managers: What should the SEC do? What should the SEC NOT do? (Robert Jackson, Moderator)
12:30 pm: Jon Bailey (Neuberger Berman)
Ben Colton (State Street)
Dorothy Donohue (ICI)
Adrienne Monley (Vanguard)
Carolina San Martin (Wellington)
Dorothy Donohue (ICI)
Adrienne Monley (Vanguard)
Carolina San Martin (Wellington)
Session 3: What would a “standard-setting” strategy look like? How would it be designed? Implemented? (Edward Rock, Moderator)
1:30 pm: Alan Beller (Cleary Gottlieb)
Amy Borrus (Council of Institutional Investors)
Janine Guillot (SASB)
John White (Cravath)
Janine Guillot (SASB)
John White (Cravath)
Materials Referenced:
Article
Article
2:30 pm: Rudi Bless (Bank of America)
John Finley (Blackstone)
Maria Ghazal (Business Roundtable)
Alex Sabegian (Hess Corporation)
Maria Ghazal (Business Roundtable)
Alex Sabegian (Hess Corporation)
Closing:
3:30 pm: David Katz (Wachtell Lipton)
NOTE: This roundtable will be recorded and posted to the ICGF and Ross Institute websites.