Acer CSR Forum David St Maur Sheil David St. Maur Sheil ASrIA - - PowerPoint PPT Presentation

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
• n 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

全球契约

原则 2：保证不与践踏人权者同流合污。 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；

全球契约

原则 4：消除一切形式的强迫和强制劳动； 原则 5：切实废除童工；

6,700 Si t i

原则 5：切实废除童工； 原则6：消除就业和职业方面的歧视。

Signatories

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。

Association for Sustainable & Responsible Investment in Asia www.asria.org

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。

Responsible Investing

Association for Sustainable & Responsible Investment in Asia www.asria.org

Environmental Challenge: About ASrIA

100+ members – global and local Conferences, workshops, seminars

membership association1

Research – issues and Awareness raising –

• pportunities

website, media

Association for Sustainable & Responsible Investment in Asia www.asria.org

1 Sister organisation to EuroSIF and US SIF

The Recession – Government Green Stymulus

• Governments See Low-carbon as a Key Lever for

y Economic Recovery

S

• USD430bn + to key climate change investment

themes (15% of total)

• China and the US lead the way
• Key infrastructure sectors - transport, water, building

and grid-expansion

Association for Sustainable & Responsible Investment in Asia www.asria.org 6 HSBC Global Research, Feb 2009

HSBC - Our Perception of the Financial Opportunity…

Investments in clean energy in 20072 Markets for low-carbon energy products by 20501 in 2007 products by 2050 Global market for biofuels in 20073 Worldwide Solar industry revenues by 20173 Fuel cells and Hydrogen market by 20153 Global Carbon Market by end of 20084

Association for Sustainable & Responsible Investment in Asia www.asria.org

Sources (December 2007): 1 – Stern, 2 – New Energy Finance, 3 – Clean Energy Trends 2008, 4 – PointCarbon

Climate Change is Core SRI Driver

Swiss Re says the economic costs of global warming threatens to d bl $150 billi i 10 hi i i i h Swiss Re says the economic costs of global warming threatens to d bl $150 billi i 10 hi i i i h double to $150 billion a year in 10 years, hitting insurers with $30- 40 billion in claims, or … the equivalent of one World Trade Centre attack annually double to $150 billion a year in 10 years, hitting insurers with $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

…and that’s just for starters …and that’s just for starters

Association for Sustainable & Responsible Investment in Asia www.asria.org Source: Reuters, 3 March 2004

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:

• 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

• pportunity 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-

• wned 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

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Malaysia /Shanghai Stock Exchanges planning Indexes

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 Association for Sustainable & Responsible Investment in Asia www.asria.org Matched with integration to investment analysis

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 l plans

• Developing country action plans that deliver measurable and

verifiable emission reductions

Association for Sustainable & Responsible Investment in Asia www.asria.org

verifiable emission reductions

Responsible Investment in Taiwan

2002

SRI in Taiwan Conference

Co-Organisers, ASrIA, BCSD-Taiwan, Bankers Association ROC 2002/3

Survey on the Market & Potential of SRI in Taiwan, Prof. Shih-Mo Lin, Chung

Yuan Christian University 2003

SRI in Taiwan World Business Council for Sustainable Development

2003

SRI in Taiwan, World Business Council for Sustainable Development Conference

BCSD-Taiwan, with support from ASrIA 2004

CSR for Sustainability, Taipei, December 2004

BCSD, with ASrIA presentation: Labour Issues in the Investment Strategy of Socially Responsible Investment (SRI) 2008

CSR & Taiwan, Taipei

ASrIA Keynote on SRI in Asia

SRI funds in Taiwan 2002 1 SRI fund

2008

CDP Launch Event, Taipei

Co-Organisers, ASrIA, BCSD-Taiwan

2009 30+ SRI/ESG funds

Association for Sustainable & Responsible Investment in Asia www.asria.org 2009

ASrIA/BCSD Taiwan, Sustainable Investment Roundtable

“Times they are a-changing”

“Finding the new driver of our i i t b iti l economy is going to be critical. There is no better potential driver that pervades all aspects

• f 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

Association for Sustainable & Responsible Investment in Asia www.asria.org

IBM Forum Taipei, 7 April, 2009

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)

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i www.asria.org

News Research Resources News 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