Beyond the Bottom Line: ESG Ratings – Procurement’s New Moral Compass
The world of procurement is undergoing a significant transformation, propelled by the growing importance of Environmental, Social, and Governance (ESG) factors.
Home » Future-Proofing Trade Finance Event: 15th June 2022
In partnership with Global Trade Review, Allen & Overy, and The Institute of Export and International Trade, this free-to-attend event will continue discussions around the crucial role of ESG in future-proofing the trade finance industry and provide an ideal platform to connect with leading members of the trade and trade finance community.
The afternoon will seek to develop and progress this important conversation among practitioners and policymakers alike, taking in an ever-widening range of market issues and priorities, from achieving diversity in trade and supply chains to enable greater access to the global system for women and minority-owned businesses in particular, to the importance of adhering to and complying with sanctions in a fast-moving global landscape, to the role technology solutions can play in tracking and proving sustainability compliance (ESG scoring for trade).
Invitations to this free event are limited! If you wish to attend, please complete the form on the GTR website via the Book Now button below.
Key info:
13.00-14.00 – Registration and coffee
14.00-14.15 – ESG within the context of future-proofing trade
Kicking off the first in-person event in this series for nearly three years, Shannon Manders (GTR Editorial Director) and Eleanor Wragg (GTR Senior Reporter) will reflect on how the conversation around sustainability – and the coverage in GTR – has shifted, not least in the face of the Covid-19 pandemic, considering the practical implications of the new priorities identified in the intervening period and the extent to which they signal an evolution in the thinking around ESG principles.
14.15-15.05 – Levelling the playing field – adopting a more sustainable approach
As the ESG conversation continues, over-preoccupation on environmental issues has evolved to encompass social and governance issues, to the extent where many global institutions are absorbing diversity and inclusion issues into their ESG strategy, with various reports and surveys determining that a range of systematic factors hold back women-backed and minority-led exporters from successfully conducting trade, a situation only further exacerbated by the Covid-19 pandemic.
This discussion will reflect on this trend and seek to find solutions, from advancing inclusivity and resiliency across the supply chain to ensuring that minority-owned businesses and SMEs have fair access to secure credit lines. The session will also highlight and consider the significance from the various industry initiatives in place to address these challenges, from supply chain offerings from the likes of Walmart, JP Morgan and even Meta, to how export credit agencies are expanding their offerings to tackle discrimination and support the under-supported.
15.05-15.35 Networking break
15.35-16.15 In conversation: Complying with the sanctions landscape
Current geopolitical uncertainty poses many challenges for businesses, with firms needing to navigate increased trading restrictions in line with broader ESG objectives. For those companies involved in cross-border trade, ensuring compliance with the regulatory environment requires many checks, on customers, suppliers, agents, distributors or any other intermediaries against an increasingly long and fast-changing sanctions list.
This session will emphasise the importance of ensuring that trading companies of all sizes (and SMEs in particular) have access to the right information, advice and guidance to ensure compliance, highlighting the important role that technology tools have to play in sourcing, analysing and presenting data from a range of different sources all in the one place.
16.15-17.05 ESG scoring for trade: Tracking and proving sustainability compliance
March 2022 saw the launch of the first iteration of a new environmental, social and governance (ESG) scoring tool, developed in consultation with a range of industry partners, which seeks to enable trade financiers and exporters to better address the challenge of tracking and proving compliance with sustainability standards, through creation of an ESG ‘passport’ for trading goods of any kind.
Coming at a time when trade finance is seeing a huge growth in ESG standards but few tools to allow the industry to measure how those standards are being satisfied accurately and objectively, this discussion will highlight the importance of providing a comprehensive and standardised automated score across the world of trade, as well as the wider significance of what many see as the best opportunity the market has seen so far to overcome this critical challenge to ESG investment in the face of accusations of greenwashing.
17.05-17.10 Closing remarks followed by evening networking
Our Sustainability tracking solution is currently in being tested by our Kosmos Working Group (KWG): a non-competitive working group, including banks, insurers, and professional bodies. Click here to learn more about the KWG. We expect to open the solution up to a wider audience towards the close of 2022.
Submit your details and we will add you to our database and update you on the progress of development and the release date of version 2.0. Alternatively, contact us directly here.
Please note, that your online safety and security are important to us. We understand the sensitivity of your data and will never pass your information on to any third party. Your data will be added to our private database so that we can notify you of any upcoming releases and send you our monthly updates.
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