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Using Public Policy to Enhance the SRI Industry

Using Public Policy to Enhance the SRI Industry. Louis D. Coppola Senior Vice President Governance & Accountability Institute US Data Partner for the Global Reporting Initiative. Public Policy Is Important For All Of Us. We all play a part – however big or small

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Using Public Policy to Enhance the SRI Industry

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  1. Using Public Policy to Enhance the SRI Industry Louis D. CoppolaSenior Vice President Governance & Accountability Institute US Data Partner for the Global Reporting Initiative

  2. Public Policy Is Important For All Of Us • We all play a part – however big or small • Important for investors, consultants, activists, community, faith-based investors and society as a whole • SRI practice becomes more efficient, accurate, and effective • Systematic change – Dramatic impact on abilities

  3. Investor Coalitions & Initiatives Power in Numbers Issue Specific Examples

  4. Most Important Public Policy Initiative:Mandatory Corporate ESG Disclosure • Global Financial and Economic Crisis • Recession Economy • Climate of Distrust • Relationship between Business and Society • Sustainability Crisis • Threatens Global Stability and Prosperity • Limited Natural Resources Must Be Managed(And therefore Measured) • Could Mandatory Disclosure and Transparency be a Solution to Both Crises?

  5. Benchmarking Disclosure Public Policy In Action Around The World • Carrots & Sticks • 30 Country’s Regulations Researched • 142 National Standards • Two-thirds (2/3) are mandatory • One-third (1/3) are voluntary • Some Complementary • Integrated Reporting • Assurance Standards

  6. Benchmarking Disclosure Public Policy In Action Around The World(continued) • Regulated Groups • Companies listed on a stock exchange (with or without limitations on size of assets or employees) • State owned companies • Large emitters, energy intensive companies • Public agencies • NGOs • Policy Approaches • Accounting Standards(ex. FASB, IASB, U.S. GAAP) • Financial Services / Securities (ex. SEC, NYSE, Securities Act etc) • Environmental Law (ex. EPA) • Climate Change Disclosure Law (multiple regulatory agencies) • Social/Employment Law (ex. OSHA)

  7. Stock Exchange Initiatives – Shared Value • Business Drivers for Stock Exchanges • Reputation protection • Increasing competition • New products and services • Actions Being Taken • IPO Requirements • Listing Requirements • SRI Index Creation • Self Disclosure • Sustainable Stock Exchanges UN (June 2, 2012 UN Earth Summit - Rio de Janiero, Brazil)

  8. Existing Public Policy Disclosure Initiatives: YOU Can HELP • US SIF • CERES • Sustainable Stock Exchanges - PRI • Corporate Sustainability Reporting Coalition • GRI Organizational Stakeholder • G4 Public Comment Period • International Integrated Reporting Committee (IIRC)

  9. Resources • Governance & Accountability Institute (www.ga-institute.com) • Global Reporting Initiative (www.globalreporting.org) • US Social Investment Forums (www.ussif.com) • CERES Investor Coalition (www.ceres.org) • International Integrated Reporting Committee (www.theiirc.org ) • PRI Sustainable Stock Exchanges (www.unpri.org/sustainablestockexchanges) Contact Information • Louis D. Coppola – Senior Vice President Governance & Accountability Institute • 215 Park Ave South, 10th Floor | New York, NY 10003lcoppola@ga-institute.com | 646.430.8230 ext 14

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