This report was co-authored with Thomas Ruspil, student at SKEMA Business School.
The different European regulations are compelling companies and organisations to adapt their governance to achieve the objectives of corporate social responsibility (CSR). While the aim of the EU taxonomy is to establish harmonised criteria for environmentally sustainable economic activity, the aim of the regulations is much broader, since they seek the implementation of a governance adapted to achieving all CSR objectives, a governance that will itself be scrutinised, hence the need for accurate and reliable measurement tools.
The “Sustainable Finance: Governance and Metrics” conference sought to bring some answers to these new paradigms.
The speakers, in order of appearance:
- Philippe Kunter, Director of Sustainable Development and CSR at Bpifrance
- Claude Revel, Director of SKEMA Publika
- Dhafer Saidane, Professor of Finance and Director of the MSc Sustainable Finance & Fintech at SKEMA Business School
- Arnaud de Bresson, Senior Advisor to the President of Paris EUROPLACE
- Marc Wormser, CEO of Banque Wormser Frères and Chairman of the OCBF’s Climate and Sustainable Finance Committee
- Diane de Saint-Affrique, Law Professor at SKEMA Business School
Top from left to right : Philippe Kunter, Dhafer Saïdane
Bottom left to right : Arnaud de Bresson, Philippe Kunter, Dhafer Saïdane, Marc Wormser, Diane de Saint-Affrique
All participants agreed on the need for a radical change in the approach of companies and the finance sector. There have already been some concrete initiatives and others are underway. Suggestions were made regarding the possibility of self-regulation by economic agents, within the confines of the law, and regarding a measurement tool essential for gauging the satisfaction of all stakeholders.
The full conference report is available for download.