EFFAS Commission on ESG

Archive for the ‘Research and Papers’ Category

“The Crisis and Economic Responsibility” (An update to Economic Responsibility 3.0)

Wednesday, June 27th, 2012

Every crisis – be it financial or economic, a crisis of confidence or the debt crisis – demands a comprehensive and responsible approach

  • We live in a global debt crisis
  • Quantitative easing is not showing us a way out of the crisis
  • Rating agencies – yes, but changes are necessary
  • Japan and Germany: suddenly nuclear power is no longer indispensable
  • The future must be founded on innovation and reduction
  • The 50 specific approaches listed in “Economic Responsibility 3.0″ (June 2011) are still valid

Responsibility and the crises – further action and ideas for coping and avoiding

To regain confidence, you cannot “stick your head in the sand” and act as if nothing happened. What’s needed are new, progressive requirements for future financial market regulations.

This link takes you to the report

Author of the report is Fritz Mostboeck, President of OVFA (Austrian Association for Financial Analysis and Asset Management) and Member of the Executive Management Committee of EFFAS (The European Federation of Financial Analysts Societies), the umbrella organisation of all European analyst associations with a total of more than 17,000 members in 27 European member countries. Fritz Mostboeck was watching the crisis over the past years very carefully. The current global environment (the crisis since 2007 has not yet passed) requires a further update on the basis of the 1st, 2nd and 3rd OVFA Publication on Responsibility (November 2004, June 2010 and June 2011).

Environmental, Social and Governance (ESG) indicators in annual reports – An introduction to current frameworks

Wednesday, July 6th, 2011

The debate around the broader disclosure of ESG issues is important. FEE believes it can make a difference to the most necessary transition toward a sustainable economy. This paper aims at providing information on documents prepared by various bodies and most commonly referred to when considering the identification and use of ESG indicators (also Key Performance Indicators (KPIs) and reporting principles).

The document can be found at http://www.fee.be/publications/default.asp?library_ref=4&content_ref=1392

Economic Responsibility 3.0. An Update on General ESG Responsibility.

Wednesday, June 8th, 2011

The financial, economic, and debt crisis, the nuclear catastrophe in Japan, and the crisis in the Arab region highlight the fact that we need to demand comprehensive global ESG responsibility. We cannot carry on like this.

  • The global economy has to be aligned with the ESG criteria – not the least as a result of the crises
  • 50 specific updated approaches to improvement
  • Economic actions have to be adjusted and/or reformed

Responsibility and crises – measures and ideas geared towards avoiding financial, economic, confidence, social, and ecological crises in the future.

This link takes you to the report.

Author of the report is Fritz Mostboeck, Vice-Chairman of OEVFA (Austrian Association for Financial Analysis and Asset Management) and Member of the Executive Management Committee of EFFAS (The European Federation of
Financial Analysts Societies), the umbrella organisation of all European analyst associations with a total of more than 16,000 members in Europe. Fritz Mostboeck was watching the crisis over the past years very carefully. The current global environment (catastrophe in Japan, crisis in the Arab region, commodity prices) required an update on the basis of the 1st and the 2nd OEVFA Publication on Responsibility (November 2004 and June 2010).

EFFAS News December 2010

Friday, January 28th, 2011

Including a Special Report on Environmental, Social and Governance Issues (ESG).

Download EFFAS News

European Combined Reporting Alliance for ESG – Position Paper

Thursday, January 27th, 2011

It was agreed that a joint response to the European Commission on this stakeholder process would be helpful, along with a call for an EU-funded programme to develop on the workshops for the economic stakeholders.
An alliance of economic and capital markets stakeholders joined forces to help improve the outcome from the series of workshops held from September 2009 to February 2010 by the European Commission to address environmental, social and governance (ESG) disclosure. It is apparent that there are common interests and concerns. The ideas of company value and of connected or combined reporting, which are material and strategic, are at the heart of our vision for ESG disclosure.

Download Position Paper

Final version of KPIs for ESG 3.0

Monday, September 20th, 2010

The final version of the the DVFA/EFFAS KPIs for ESG 3.0 is now available for download:

KPIs for ESG 3.0
FAQ

Corporate Responsibility 2.0; From Corporate Responsibility to “General Responsibility”

Friday, June 18th, 2010

A report by Fritz Mostboeck*

The time is ripe for economic change – right now! We all have to take comprehensive responsibility on a sustainable basis. New concepts for the economy.

  • 44 specific approaches to ensure improvement.
  • The magnitude of the crisis requires large-scale, bold measures as well as cuts and understanding.
  • The capital economy should not be called into question; the system has to be reformed but not over-regulated.

Responsibility and crisis – measures and ideas to avoid financial, economic, and confidence crises in the future.

* Fritz Mostboeck is Vice-Chairman of OVFA (Austrian Association for Financial Analysis and Asset Management, www.oevfa.at) and Member of the Executive Management Committee of EFFAS (The European Federation of Financial Analysts Societies, www.effas.net), the umbrella organisation of all European analyst associations with a total of more than 16,000 members in Europe. Fritz Mostboeck was watching the crisis over the past three years now very carefully. This is the outcome. This link takes you to the report.

EFFAS/DVFA launch Exposure Draft KPIs for ESG 3.0

Wednesday, May 12th, 2010

KPIs_EDEFFAS Commission on ESG and DVFA are pleased to publish the Exposure Draft (ED) of KPIs for ESG, the standard reporting framework for ecological, social and Corporate Governance aspects built on requirements of investment professionals. The ED is the result of a 2 year process which included tight collaboration with a network of investment professionals and experts around the globe.

We encourage corporates, investment professionals and experts to submit comments. Comments and suggestion to the ED may be integrated into the final version which will be published later in 2010. Comments on the ED should be submitted in writing so as to be received by 30 June 2010. Respondents are asked to send their comments by mail to kpi@dvfa.de.

In the document you will find:

1. an introduction to the methodology of defining the KPIs
2. how to apply KPIs to corporate reporting
3. a list of KPIs by subsector following the Dow Jones Industry Classification Benchmark

Please note that the document has approx. 200 pages. To make navigation easier for you we have inserted dynamic links in the contents section and the list of subsectors. If you place your cursor on the item in the contents section or a specific subsector a double-click will take you directly to the section in the document.

We are looking forward to your suggestions and comments. Should anything need explanation please do not hesitate to send a mail.

Regards,

Ralf Frank
Managing Director DVFA
& Secretary General EFFAS Commission on ESG

KPIs for ESG

Tuesday, December 2nd, 2008

DVFA German Society of Investment Professionals has designed a set of KPIs for ESG which were published in March 2008 and endorsed by EFFAS in May 2008. Here is the current version 1.2 of EFFAS KPIs for ESG .

Since their publication KPIs for ESG have received much attention from investors, corporates and intitiatives.