ESG Risk Management Masterclass

Day 1

ESG and its relevance to our lives

• What is ESG?
• Environmental Risk: Climate Change and Biodiversity Risk
• Social Risk: Diversity and Inclusion
• Governance Risk: Ethics and Board Responsibility
• Why does ESG matter to FIs and Enterprises – the issue of sustainability.
• ESG Case Study & Class Discussion

Day 2

• The Role of Government in Promoting ESG Initiatives
  • A Global Issue requires A Global Effort
  • ESMA Strategy on Sustainable Finance
  • UN Sustainable Development Goals (SDGs)
  • EU Paris Agreement
  • Singapore Budget 2021 and the Green Bonds
    • E: MAS Financial Institutions Climate Related Disclosure Document
    • S: MAS Guidelines on Sustainability Finance
    • G: Revision to the MAS Guidelines on Corporate Governance
  • The Role of FIs and Enterprises in Implementing ESG Initiatives
    • Solving Global Issue starts with the Root Cause
    • Key Stakeholders in the ESG Value Chain
    • Where shall we start – ESG Governance?
    • Where are we heading – ESG Strategy?
    • ESG Case Study: ESG Strategy for a Financial Institution
    • Class to vote on their thoughts on the Paris agreement.

Day 3

• ESG as a Risk Management Tool for Companies
  • Incorporating ESG in Enterprise Risk Management Framework?
  • ESG Risk Culture
  • ESG Risk Management Process
• ESG Applications
  • ESG Risk identification (e.g., identification of GHG sources)
  • ESG Risk quantification (e.g., calculation of GHG emission and removals)
  • ESG Risk mitigation (e.g., GHG emission reduction and removal enhancement)
  • ESG Risk reporting (e.g., GHG inventory boundaries, direct and indirect GHG emissions)
  • ESG Risk Disclosure (example of a Sustainability Report of a company)

Day 4

• Day 2 Class Activity (ESG Workshop)
• Divide the class into groups to discuss:
  • Current ESG practices in their companies
  • Predict the 3 ESG changes that will take place over the next 1-2 years.