Programs
Home        >    Programs    >     Economic Development
Economic development is one of the main drivers toward achieving sustainable development. Under the 2030 Agenda, its scope has drastically expanded to include the concept of inclusive and just economic growth. Thus, the focus of economic development has moved from ‘how much developed’ to ‘how well developed’. In this new paradigm, ensuring a concerted participation has become one of the most important criteria for sustainable development.

Likewise, CIFAL Jeju/JITC has expanded its scope of workshops to include various aspects of economic development, such as sustainable urbanization, tourism, entrepreneurship, rural and agricultural development, smart city, green finance, and so on.

[Feb. 16-17, 2023] Webinar on Making ESG Work for Sustainability 기사를 twitter로 보내기 기사를 facebook으로 보내기 2024.05.27





 

Making ESG Work for Sustainability

 

-Strengthening Governance to Accelerate ESG Journey-

 

16 & 17 February 2023 (Webinar)

 

14:00 (Korean Standard Time, GMT+9)

 

 

Background

 

Environmental, social, and governance (ESG) issues continue to gain momentum. Businesses worldwide are increasingly recognizing the importance of incorporating environmental, social, and governance (ESG) considerations into their strategies, risk management and governance practices for long-term success.[1] However, when analyzing environmental, social, and governance factors, the “G” component often receives little attention over climate risk, societal responsibility, and other E and S risks and opportunities.

It is fundamental to understand the significance of corporate governance as the driving force behind the other two elements of ESG.[2] Building strong ESG governance practices - the processes and structures that facilitate firms to set targets and measure and report their performance against those targets[3] - is crucial to providing the accountability and support necessary for the successful execution of the ESG strategy.[4]

The "G" relates to the governance factors of decision-making, from sovereigns’ policymaking to the responsibilities among different actors in corporations, including the board of directors, shareholders, managers, and customers. Governance factors point down the rules and procedures for countries and corporations and enable investors to screen for good governance practices as they would for environmental and social factors. Particularly, in the face of firms’ false steps and raising awareness of global diversity and income inequality, corporate governance is a core element of ESG.[5]

In addition, ESG factors can be practically translated to Sustainable Development Goals(SDGs) on the corporate level as parts of ESG considerations can be assigned to all 17 goals. Companies can align their ESG strategy with SDGs, including assessing, mapping and setting goals, strategic integration and collaboration, and reporting. Ultimately, organizations and investors actively focusing on the SDG Agenda 2030 are more likely to improve their ESG scores and discover new growth and development opportunities.[6]

As we near 2030, business portfolios must align with sustainability policies to guide decision-making, while published ESG reports must enhance transparency. Therefore, embedding ESG leadership and accountability across the organizations requires establishing effective governance structures and practices. Without adequate structures to hold key stakeholders accountable, long-term ESG success is prone to be limited.

 

 

Event Objectives

 

For the capacity-building webinar, this event will:

·         Offer a venue for knowledge sharing on current status and issues of leveraging ESG strategies for sustainable future and through good governance

·         Provide an opportunity to gain insights from experts on different forms of good practices regarding ESG governance

 

 

Learning Objectives

 

After this event, participants will be able to:

·         recognize how ESG principals, governing frameworks, and strategies are evolving

·         Integrate ESG factors in conducting fundamental analyses

·         understand that “Governance” as the core of sustainable finance and management system that enables policy-making and businesses to accelerate the shift toward sustainability

 

Target Audience

 

The webinar is open to personnel and representatives from governmental organizations, private sector, non-profit, civil and private sectors, the academia, and research entities, including focal points for:

·         ESG strategy, ESG management, ESG data and reporting, governance over ESG factors.

This event is also open to the public interested in establishing ESG strategies, management, and governance.

 

 


Event Details

 

·         Event type:         Webinar (online event)

·         Date:                  16 & 17 February 2023, 14:00 (Korean Standard Time, GMT +9)

·         Organizer:          UNITAR CIFAL Jeju / Jeju International Training Center

·         Certificate:         UNITAR CIFAL Jeju / JITC will issue a certificate of participation

·         Programme:                                                    

 

Date

Time

Program

SESSION 1

KST

ESG Overview

 

 

16 Feb

(Thu)

 

 

 

 

14:00-17:00

(KST)

 

14:00-14:10

10 mins

Introduction

14:10 – 14:15

5 mins

Opening Remarks

-Hong-ghi Choi, Director of CIFAL Jeju

14:15 - 14:55

40 mins

[Module 1]

Sustainable Finance for ESG in Asia

Mr.  Benjamin McCarron

Founder & Managing Director

Asia Research & Engagement(ARE)

14:55 – 15:35

40 mins

[Module 2]

ESG Transformation: Good Governance

Mr. Steven C Kang

ESG Platform Leader / Deputy Assurance Leader

PwC Korea

15:35 – 15:50

15 mins

Break

15:50 – 16:20

30 mins

[Module 3]

Well-being and sustainability data for the common good

Mr. Vincent Siegerink

Economist/Policy Analyst

Centre for Well-being, Inclusion, Sustainability and Equal Opportunity, OECD

16:20 – 16:50

30 mins

Plenary discussion and Q&A for all speakers

16:50 - 17:00

10 mins

Closing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

Time

Program

SESSION 2

KST

Effective Transition to ESG Governance

 

17 Feb

(Fri)

 

 

 

 

14:00-17:00

(Seoul)

14:00 – 14:10

10 mins

Introduction and Review

14:10 - 14:50

40 mins

[Module 4]

Sustainable Investing: ESG Going to Main Street

Mr. Joon Seok

Executive Director

Morgan Stanley

 

14:50 – 15:20

30 mins

 

[Module 5]

Enhancing Corporate Accountability

Prof. Jennifer Hill

Professor & Bob Baxt Chair of Corporate and Commercial Law, Monash University Faculty of Law

Director of the Centre for Commercial Law and Regulatory Studies

 

Dr. Tim Bowley

Corporate law researcher

Monash University

15:20 – 15:30

10 mins

Break

15:30 – 16: 10

40mins

[Module 6]

Establishing Strong Governance Over ESG Strategy: Global Case Study

Ms. Hyun Jung Kim

Managing Partner

IBM Consulting Korea

16:10 – 16:40

30 mins

Plenary discussion and Q&A for all speakers

16:40 -

Closing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 *The program is subject to change. 

 

 

Organizer

 

UNITAR CIFAL Jeju / Jeju International Training Center http://cifaljeju.org/

 

 

 

Inquiries

 

United Nations Institute for Training and Research (UNITAR)

Centre International de Formation des Autorités et Leaders (CIFAL)

UNITAR CIFAL Jeju

Ms. Sungeun Ann

Program Officer

Tel: 82)064-735-6573

Email: seann.jitc@cifaljeju.org

 

 


[1]S&P Global, ‘What is the “G” in ESG?’

[2]UL Solutions, ‘Governance in ESG Reporting’

[3]NYSE ESG Guidance, Best Practices for Sustainability Reporting

[4]Economist, ‘Making ESG work through good governance’

[5]S&P Global, ‘What is the “G” in ESG?’

[6]ESG the Report, ‘What is SDG and ESG?’





   



copy_area
Jeju International Training Center affiliated with UNITAR ㅣ 227-24, Jungmungwangwang-ro, Seogwipo-si, Jeju-do, 63546 Republic of Korea
TEL : +82-64-735-6585 ㅣ FAX : +82-64-738-4626 ㅣ E-mail : cifaljeju.jitc@gmail.com

Copyright ⓒ CIFAL Jeju. All Rights reserved.