Introduction to DJSI & RobecoSAM s Corporate Sustainability Assessment. Zurich, March 2014

Transcription

1 Introduction to DJSI & RobecoSAM s Corporate Sustainability Assessment Zurich, March 2014

2 Agenda Introduction to RobecoSAM and Dow Jones Sustainability Indices (Ida Karlsson, Head Sustainability Application & Operations) Introduction to the assessment process and the online framework (Manjit Jus, Sustainability Operations Manager) Timeline, next steps and some points for a successful submission (Ida Karlsson, Head Sustainability Application & Operations) Q&A 2

3 Dow Jones Sustainability Indices (DJSI) Overview Cooperation with S&P Dow Jones Indices for the publication and licensing of the DJSI, launched in 1999 Currently, more than 45 investment products in 15 countries are based on the DJSI Methodology Integrated assessment of economic, environmental and social criteria with a strong focus on long-term shareholder value Rules-based methodology and use of primary research Focus on best-in-class companies. Yearly review of component selection and continuous monitoring of companies Assurance of the assessment process by Deloitte 3

4 DJSI: Most Recognized Sustainability Index Which ratings and rankings are experts at least somewhat familiar with? Source: SustainAbility (2013) Rate the Raters 2013 Polling the Experts 4

5 Holistic Analysis: RobecoSAM s Integrated Research Approach Methodology development Corporate Sustainability Assessment Sustainability Analysis Fundamental company analysis and modeling RobecoSAM Indices Cooperation with S&P Dow Jones Indices RobecoSAM Asset Management Theme Equity Strategies Core Equity Strategies Clean Tech Private Equity RobecoSAM Sustainability Services Company Benchmarking Industry and sector studies Investment decisions RobecoSAM Publications Industry Studies Sustainability Studies Robeco Responsible Investment Products Sustainability Foresight & Insight 3rd Party Cooperation Research Cooperation 5

6 RobecoSAM s Industry-Based Analysis Over 130 cross- and industry-specific criteria and dimension weights Economic Dimension Corporate Governance Risk & Crisis Management Codes of Conduct & Corruption Customer Relationship Management Supply Chain Management Innovation Management Industry Specific Criteria > 50% General Criteria < 50% 33% 33% 33% Environmental Dimension Environmental Reporting Climate Strategy Operational Eco-Efficiency Product Stewardship Environmental Policy & Management Systems The breakdown between industry specific and general criteria and the dimension weights are indicative only and may deviate for each of the 59 different industries analyzed by RobecoSAM. Social Dimension Social Reporting Labor Practice Indicators Human Capital Management Talent Attraction & Retention Corporate Citizenship & Philanthropy Stakeholder Engagement 6

7 RobecoSAM s Unique Model: Company-Sourced Data Corporate participation via the DJSI questionnaire Sustainability Services Feedback & Insight Data Provided Directly by Companies RobecoSAM SI Research Industry Expertise Topic expertise Data Methodology SIMS3 Database Unique insights from companies are essential High-quality and detailed information 7

8 Continuous Methodology Development RobecoSAM SI Research Industry Expertise Topic Expertise Company Feedback Methodology Development Methodology Collaborations - CDP - London Benchmarking Group - EcoVadis 8 8 8

9 Benefits of Participation Benchmarking reports overview of sustainability performance Reputation and brand DJSI Member Logo & potential Sustainability Yearbook Inclusion Greater buy-in from management on importance of sustainability Build-up of internal network Improvement on sustainability performance and reporting 9

10 RobecoSAM CSA: Participation Trend Increasing participation of companies in DJSI over the years CAGR: + 7.4% 1

11 RobecoSAM Research - Sustainability Assessment Sustainability Methodology Development Analysis of scoring results for improvements Development of new criteria, modification of questions Quality Control of Company Submissions Ensuring validity of company responses Validating supporting evidence Verifying consistency of comments and public disclosures Generation of Sustainability Scores Scores generated from answers based on pre-defined rules and weightings Validation of scoring results 11 11

12 S&P Dow Jones Indices Responsible for Index Calculation Index components chosen based on pre-defined rules in the Index Guidebooks Selections based on Global Industry Classification System (GICS) Companies are compared within their respective industries Dow Jones Sustainability Index Selection Best in Class Top 10% performers in each industry form the basis for selection DJSI Regional Indices select top 20% within each industry 12 12

13 Assessment Process - Overview March 14 April 3 April 3 May 28 May 28 June - August September 11 Invitation & eligibility Register & confirm participation Fill out the questionnaire Submit your response Appraisal & selection Announcement of new members 13

14 Invitation and Eligibility Who is eligible for the Dow Jones Sustainability Indices and is invited to participate in the RobecoSAM Corporate Sustainability Assessment? The 2500 largest companies based on free-float market cap is invited for DJSI World. The starting point for this is the S&P Global BMI. For the regional indices, the top 600 largest companies in the S&P Global BMI For DJSI Emerging Markets, the top 800 largest companies from 23 emerging markets The free-float market cap is considered as of end of December the year before The full list of eligible companies can be found on sustainability-indices.com 14

15 Assessment Process - Overview March 14 April 3 April 3 May 28 May 28 June - August September 11 Invitation & eligibility Register & confirm participation Fill out the questionnaire Submit your response Appraisal & selection Announcement of new members 15

16 Registration & Confirmation of Participation How can I get started and when will I be able to access the questionnaire and start filling it out? The official invitations were sent out on March 14 On April 3, all invited companies will receive an sent out from the online system with instructions For new companies, you will need to register and sign up for an account For returning companies, you only need to confirm your participation The 2014 questionnaire will only become available for editing once you have confirmed your participation by clicking on the link in the you will receive. 16

17 Assessment Process - Overview March 14 April 3 April 3 May 28 May 28 June - August September 11 Invitation & eligibility Register & confirm participation Fill out the questionnaire Submit your response Appraisal & selection Announcement of new members 17

18 How do I login and where can I find additional information about the Sustainability Assessment? 18

19 How do I navigate in the questionnaire? 19

20 What support functions are available for me to get started? 20

21 What support functions are available when I answer questions? 21

22 How can I answer the questions in the best possible way? 22

23 Assessment Process - Overview March 14 April 3 April 3 May 28 May 28 June - August September 11 Invitation & eligibility Register & confirm participation Fill out the questionnaire Submit your response Appraisal & selection Announcement of new members 23

24 Submitting Your Response The deadline for submitting the response is May 28th, midnight CEST Once the submission button is clicked, your data is automatically transferred to RobecoSAM The Approval Form needs to be signed and sent to RobecoSAM within one week after submission Deadline extensions can be granted on an exceptional basis and should be applied for when signing up for the assessment Confidentiality of your supporting evidence is ensured by stringent Use of Information Policy and Disclaimer, which can be found on the website 24

25 Assessment Process - Overview March 14 April 3 April 3 May 28 May 28 June - August September 11 Invitation & eligibility Register & confirm participation Fill out the questionnaire Submit your response Appraisal & selection Announcement of new members 25

26 Measuring Corporate Sustainability Information gathering Criteria Quality control / appraisal Scores Dow Jones Sustainability Indices Products 26

27 Assessment Process - Overview March 14 April 3 April 3 May 28 May 28 June - August September 11 Invitation & eligibility Register & confirm participation Fill out the questionnaire Submit your response Appraisal & selection Announcement of new members 27

28 Announcement of Index Members The new index members are publically announced on September 11 Members have the right to use membership logo the usage guidelines are included in the Approval Form Results are communicated through two useful reports Company Benchmarking Scorecard Industry Overview The top performing companies in each of the 24 Industry Groups are highlighted through sustainability profiles on the website 28

29 Example of Company Benchmarking Scorecard 29

30 Timeline and Next Steps March 14 April 3 April 3 May 28 May 28 June - August September 11 Invitation & eligibility Register & confirm participation Fill out the questionnaire Submit your response Appraisal & selection Announcement of new members 30

31 Recap: How do I answer the questions in the most efficient way? If requested provide supporting evidence that covers all answers that you have marked Remember that the official language of the DJSI is English and that you continously need to update your policy documents If you consider a specific question to not be applicable to you, explain why and specifically show that this is related to your business model Provide explanatory comments if needed Be brief and to the point. Make sure that you provide the most relevant information for the question asked Confidentiality of supporting evidence is ensured by a stringent Use of Information Policy which can be found on the website 31

32 What do I do if I need more help? Most information is available via the assessment portal Extensive FAQ Main methodology changes Use of Information Policy and Disclaimer Confidentiality of Documents Benefits of Participations Approval Form If you still have additional questions do not hesitate to contact our dedicated RobecoSAM DJSI Helpline index@robecosam.com

33 Questions? RobecoSAM DJSI Helpline

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