Acer CSR Forum David St Maur Sheil David St. Maur Sheil ASrIA November 2009 Association for Sustainable & Responsible Investment in Asia www.asria.org
The ESG Agenda • The Universal Declaration of Human Rights • The International Labour Organization's Declaration on Fundamental Principles and Rights at Work • The Rio Declaration on Environment and Development Development • The United Nations Convention Against Corruption Association for Sustainable & Responsible Investment in Asia www.asria.org
The UN Global Compact 人权 原则 1 ：企业界应支持并尊重国际公认的人权； 原则 2 ：保证不与践踏人权者同流合污 原则 2 ：保证不与践踏人权者同流合污。 全球契约 全球契约 劳工标准 原则 3 ：企业界应支持结社自由及切实承认集体谈判权； 原则 4 ：消除一切形式的强迫和强制劳动； 6,700 原则 5 ：切实废除童工； 原则 5 ：切实废除童工； Si Signatories t i 原则 6 ：消除就业和职业方面的歧视。 环境 原则 7 ：企业界应支持采用预防性方法应付环境挑战； 原则 8 ：采取主动行动促进在环境方面更负责任的做法； 原则 8 ：采取主动行动促进在环境方面更负责任的做法； 原则 9 ：鼓励开发和推广环境友好型技术。 反腐败 原则 10 ：企业界应努力反对一切形式的腐败，包括敲诈和贿赂。 Association for Sustainable & Responsible Investment in Asia www.asria.org
Responsible Investing Association for Sustainable & Responsible Investment in Asia www.asria.org
Environmental Challenge: About ASrIA Conferences, workshops, 100+ members – global seminars and local membership association 1 Awareness raising – Research – issues and website, media opportunities 1 Sister organisation to EuroSIF and US SIF Association for Sustainable & Responsible Investment in Asia www.asria.org
The Recession – Government Green Stymulus • Governments See Low-carbon as a Key Lever for y Economic Recovery • USD430bn + to key climate change investment S themes (15% of total) • China and the US lead the way • Key infrastructure sectors - transport, water, building and grid-expansion HSBC Global Research, Feb 2009 6 Association for Sustainable & Responsible Investment in Asia www.asria.org
HSBC - Our Perception of the Financial Opportunity… Markets for low-carbon energy Investments in clean energy products by 2050 1 in 2007 2 products by 2050 in 2007 Global market for biofuels Worldwide Solar industry revenues by 2017 3 in 2007 3 Fuel cells and Hydrogen market Global Carbon Market by 2015 3 by end of 2008 4 Sources (December 2007): 1 – Stern, 2 – New Energy Finance, 3 – Clean Energy Trends 2008, 4 – PointCarbon Association for Sustainable & Responsible Investment in Asia www.asria.org
Climate Change is Core SRI Driver Swiss Re says the economic costs of global warming threatens to Swiss Re says the economic costs of global warming threatens to d double to $150 billion a year in 10 years, hitting insurers with double to $150 billion a year in 10 years, hitting insurers with d bl bl $150 billi $150 billi i i 10 10 hi hi i i i i i h i h $30- 40 billion in claims, or … $30- 40 billion in claims, or … …the equivalent of one World Trade Centre attack annually …the equivalent of one World Trade Centre attack annually the equivalent of one World Trade Centre attack annually the equivalent of one World Trade Centre attack annually …and that’s just for starters …and that’s just for starters Source: Reuters, 3 March 2004 Association for Sustainable & Responsible Investment in Asia www.asria.org
Differentiation: ICBC Green Credit Initiative “Green Credit is a major driver guiding the transformation of the bank's j g g business strategy.” Two aspects: o aspec s 1. Strict control of credit to high energy consuming and polluting enterprises During the reporting period, ICBC has exited loans RMB3.522 billion from 152 enterprises of the sectors with high energy consumption and emissions energy consumption and emissions. 2 Provision of credit and support of green enterprises and industry 2. Provision of credit and support of green enterprises and industry As of June 2009, loan balance of RMB 400 billion Association for Sustainable & Responsible Investment in Asia www.asria.org
Asian Government Pension Funds – The Time to Lead is Now Korea - National Pension Corporation Malaysia - Employees Provident Fund Thailand - Government Pension Fund Asian pension funds Asian pension funds opportunity to leapfrog adopt longer time horizons spread ESG practice to regional spread ESG practice to regional asset managers Association for Sustainable & Responsible Investment in Asia www.asria.org
New Asia Focused Funds Impax - Asian Environmental Markets investment trust Russell Investment hire Climate Change Capital – Global Climate Change Fund Russell Investment hire Climate Change Capital Global Climate Change Fund Robeco - TEDA Sustainable Private Equity Fund aims to raise 4bn Yuan ($585m) in China CLSA CLSA – plans Yuen denominated fund focused on Green Investment, joint venture with State- owned Shanghai Guoshen Group. Blackstone plans similar yuen denominated fund. p y Norwegian Government Pension Fund – funding ESG research service in China ESG Indexes Shenzhen Shenzhen Korea – KRX SRI Index Malaysia /Shanghai Stock Exchanges planning Indexes www.asria.org 11 Association for Sustainable & Responsible Investment in Asia
Environmental Challenge: ESG integration is emerging ‘Awareness’ � Push towards longer term investing � Matched with long term risks & opportunities � Push on stricter laws � Push on stricter laws � Major change in global regulation � Push towards more disclosure � Matched with integration to investment analysis � Matched with integration to investment analysis Association for Sustainable & Responsible Investment in Asia www.asria.org
Investors Call for Global Agreement on Climate Change 2009 Investor Statement on the Urgent Need for a Global Agreement on Climate Change at Copenhagen The Statement is supported by 181 investment institutions, managing USD 13 trillion Includes • A global target for emission reductions of 50-85% by 2050 • Developed country emission reductions targets of 80-95% by 2050 with interim targets of 25-40% backed up by effective national action plans l • Developing country action plans that deliver measurable and verifiable emission reductions verifiable emission reductions Association for Sustainable & Responsible Investment in Asia www.asria.org
Responsible Investment in Taiwan SRI in Taiwan Conference 2002 Co-Organisers, ASrIA, BCSD-Taiwan, Bankers Association ROC Survey on the Market & Potential of SRI in Taiwan , Prof. Shih-Mo Lin, Chung 2002/3 Yuan Christian University SRI in Taiwan World Business Council for Sustainable Development SRI in Taiwan, World Business Council for Sustainable Development 2003 2003 Conference BCSD-Taiwan, with support from ASrIA CSR for Sustainability, Taipei, December 2004 2004 BCSD, with ASrIA presentation: Labour Issues in the Investment Strategy of Socially Responsible Investment (SRI) CSR & Taiwan, Taipei 2008 SRI funds in Taiwan ASrIA Keynote on SRI in Asia 2002 1 SRI fund CDP Launch Event, Taipei 2008 2009 30+ SRI/ESG funds Co-Organisers, ASrIA, BCSD-Taiwan ASrIA/BCSD Taiwan, Sustainable Investment Roundtable 2009 Association for Sustainable & Responsible Investment in Asia www.asria.org
“Times they are a-changing” “Finding the new driver of our economy is going to be critical. i i t b iti l There is no better potential driver that pervades all aspects of our economy than a new energy economy .…” Barack Obama, 2008 , “ We have to transform the country We have to transform the country from an information technology centre into an energy technology centre … That is the way of the future. That is the way of the future ” Bruce Cheng, Founder & Chairman of Delta Electronics Inc, IBM Forum Taipei 7 April 2009 IBM Forum Taipei, 7 April, 2009 Association for Sustainable & Responsible Investment in Asia www.asria.org
� It is now abundantly clear that we ha e at o r fingertips all of the tools have at our fingertips all of the tools we need to solve three or four climate crises – and we only need to solve one to solve one Al Gore Our Choice – A Plan to Solve the Climate Crisis (2009) Association for Sustainable & Responsible Investment in Asia www.asria.org
www.asria.org i News News Research Resources Research Resources Membership Membership David St Maur Sheil David St. Maur Sheil Director of Operations david@asria.org Taiwan tel: 09 1878 8722 Association for Sustainable & Responsible Investment In Asia
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