BA 560 Ethics & Sustainability. September 11, 2017

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1 September 11, 2017

Anne Wittman Adjunct Professor UBC School of Public Policy and Global Affairs Prior to joining UBC, Anne was the Director of Law and Policy at the Shareholder Association for Research and Education,

2 Anne Wittman Adjunct Professor UBC School of Public Policy and Global Affairs Prior to joining UBC, Anne was the Director of Law and Policy at the Shareholder Association for Research and Education, a Vancouver-based responsible investment organization. She previously managed and contributed to human rights and rule of law programs in the Balkans and Asia for the United Nations and other agencies.

Christie Stephenson Executive Director, Dhillon Centre for Business Ethics UBC Sauder School of Business christie.stephenson@sauder.ubc.

3 Christie Stephenson Executive Director, Dhillon Centre for Business Ethics UBC Sauder School of #DhillonEthics Prior to joining UBC Sauder, Christie spent more than 15 years at leading socially responsible firms including Sustainalytics and NEI Investments (Ethical Funds), where she was the Manager of Evaluations and Research.

4 BA 560 Business Ethics and Sustainability September 11, 2017 Agenda A Brief History of Corporate Social Responsibility Drivers of Responsible Business Practices Focus on Responsible Investment In-class Assignment and Discussion

5 BA 560 Business Ethics and Sustainability September 11, 2017 Credit: PBS Learning

6 BA 560 Business Ethics and Sustainability September 11, 2017

7 BA 560 Business Ethics and Sustainability September 11, 2017 Credit: The Independent

8 BA 560 Business Ethics and Sustainability September 11, 2017 Some definitions of corporate responsibility: the voluntary activities undertaken by a company, over and above legal requirements, to operate in an economically, socially and environmentally sustainable manner Government of Canada, current website The social responsibility of business encompasses the economic, legal and discretionary expectations that society has of organizations at a given point in time. Carroll, 1979 Legal Voluntary - Philanthropic

9 BA 560 Business Ethics and Sustainability September 11, 2017 Drivers of Responsible Business Practices Desire to make business a force for good Long-term sustainability Expectations of stakeholders (investors, customers, employees, communities) Legal obligations Defensive: avoidance of risk (reputational, financial, operational) Defensive: avoid further regulation

11 BA 560 Ethics and Sustainability: Responsible Investment Definitions Responsible Investment ESG Investing, Sustainable Investing, Ethical Investing, Green Investing, Divestment

13 BA 560 Ethics and Sustainability: Responsible Investment Definitions Source: Responsible Investment Association

15 Source: 2015 Canadian RI Trends Report, Responsible Investment Association Canada Source: 2014 Report on US Sustainable, Responsible and Impact Investing Trends, US SIF Foundation

17 Environmental, Social and Governance (ESG) Issues

18 Source: UN Principles for Responsible Investment

20 Source: UN Principles for Responsible Investment

22 Source: UN Principles for Responsible Investment

24 Corporate Reporting and ESG Data

25 ESG Ratings Source: BrownFlynn Ltd.

26 ESG Reporting Frameworks

27 Responsible Investment Strategies Portfolio Construction Engagement Public Policy

28 Portfolio Construction

29 Engagement

30 Advocacy

Responsible Investment Workshop November 19, 2016

Responsible Investment Workshop Co-hosted by Peter P. Dhillon Centre for Business Ethics, UBC Sauder School of Business & Centre for Corporate Governance and Sustainability, SFU Beedie School of Business