Sustainability reporting and impact:
regulation, measurement, impact
November 14 from 10:00 am to 6:00 pm | Handwerkskammer Hamburg, Holstenwall 12, 20355 Hamburg
The Sustainable Finance Research Group at the University of Hamburg organizes this part of the Sustainable Finance Gipfel 2023 in cooperation with the “Wissenschaftsplattform Sustainable Finance (WPSF)” and the scientific accompanying project “Sustainable Finance and Climate Protection (SFCP)” of the BMBF funding measure “Climate Protection and Finance (KlimFi)” as well as the Finance City Hamburg. The research of the WPSF accompanies and informs the process of sustainable transformation at the interface of finance and real economy. The platform’s research agenda is characterized by a strong reference to political and practical discourse and continuously involves its stakeholders. The accompanying SFCP project focuses on the scientific synthesis and networking of 14 collaborative projects in the research areas of climate and sustainable finance. The SFCP project continues to establish a dialog with stakeholders from politics and the financial sector on the research results achieved within the projects.
Participation in the event is free of charge.
| Agenda | |
|---|---|
| 9:00 am | Registration |
| 10:00 am |
Welcome
|
| Part I: Impact Investing | |
| 10:15 am |
Impact Investment: What we (do not) know Prof. Dr. Timo Busch, University of Hamburg |
| 10:45 am |
How do we drive engagement? Michael Schmidt, Managing Director, Green and Sustainable Finance Cluster Germany |
| 11:15 am |
What impact does the private investor expect? Prof. Dr. Christian Klein, University of Kassel |
| 11:45 am |
Impact expectations of foundations and HNWIs Marcus Küster, Head of Foundations & Non-Profit Organizations, HAUCK AUFHÄUSER LAMPE PRIVATBANK |
| 12:15 pm |
Lunch break
|
| Part II: Sustainability Reporting & Regulation | |
| 1:30 pm |
Keynote Speech: The Transformation through the Financial Sector — Banks at the Crossroads of Ambition and Regulation Torsten Jäger, Head of Sustainable Finance, Bundesverband deutscher Banken |
| 1:50 pm |
Panel discussion: EU perspectives on sustainability reporting
Host: Prof. Dr. Alexander Bassen, University of Hamburg |
| 2:45 pm |
Panel discussion: How does sustainability enter the SME sector?
Host: Prof. Dr. Kerstin Lopatta, EFRAG, SRB Vice Chair, University of Hamburg |
| 3:30 pm | Coffee break |
| Part III: Transparency in Sustainable Investment | |
| 4:00 pm |
Panel discussion: More transparency and consumer information in the investment market 5-minute impulse statements
Host: Jan Schulte, Tagesspiegel Background Sustainable Finance |
| 5:30 pm |
Outlook Dr. Andreas Dressel, Senator of Finance of the Free and Hanseatic City of Hamburg |
| Part IV: Get together | |
| 6:00 pm | Get together (drinks & snacks) |
Alexander Bassen is a full professor of capital markets and management at the University of Hamburg, Faculty of Business, Economics and Social Science (Germany). He teaches courses in finance and investment, ESG and capital markets and reporting. Alex is a member of the German Council for Sustainable Development – advisory body of the German Federal Government, the Sustainable Finance Advisory Council of the German Federal Government, and the German Advisory Council on Global Change of the German Federal Government. He is an Honorary Research Associate at the University of Oxford (Smith School of Enterprise and the Environment) and a Visiting Professor at the Hong Kong Baptist University. In addition, he serves as a member on several advisory committees for Sustainable Finance.
Dr. Kati Beiersdorf, CPA is currently Technical Director at the Accounting Standards Committee of Germany (DRSC) where she is working in the area of sustainability reporting. Previously she was a member of the German Financial Reporting Enforcement Panel. Former work experience includes Project Leader in the International Reporting Group of RBS (now Mazars), Project Management at the DRSC and internal auditing in a bank. She also served in the IASB international working group for Small and Medium-sized Entities (SMEs), and EFRAG European working group on that topic. Dr. Beiersdorf received her Diploma from the Humboldt Universität Berlin, holds a doctoral degree from the Technische Universität Berlin (with a thesis on Sustainability Reporting) and is a CPA licensed in Washington State, USA.
Simon Braaksma has been responsible for Philips’ internal and external sustainability reporting, including its integrated Annual Reports for the past 15 years. Next to this, he is responsible for Philips’ engagement with ESG investors and the company’s climate action program. Simon was also involved with the WEF Stakeholder Capitalism framework development and is engaged with the IFRS sustainability reporting standards development. He also has extensive experience with ESG rating agencies and investor surveys. Simon sits on EFRAG’s Sustainability Reporting Board, representing the Dutch standard setter, and leads two ESG working groups in the Netherlands.
Timo Busch is a full professor at the School of Business, Economics and Social Science of University of Hamburg (Germany) and Senior Fellow at the Center for Sustainable Finance and Private Wealth of University of Zurich (Switzerland). He gives lectures at the Swiss Federal Institute of Technology (ETH) Zurich and taught at the Duisenberg School of Finance (The Netherlands). Timo Busch had several research stays including John Molson School of Business (Canada), Amsterdam Business School (The Netherlands), Nanyang Business School (Singapore), and University of Berkeley (US). He was United Nations delegate at the Rio +20 Conference on Sustainable Development. Timo Busch is a member of the Scientific Board of the Association for Environmental Management and Sustainability in Financial Institutions (VfU). He is a member of the editorial board of the journals Organization & Environment, Journal of Business Ethics, and Business Strategy and the Environment.
Alessandro d’Eri joined ESMA as senior policy officer in the Investor Protection and Sustainable Finance Department in 2016. In this capacity, he is responsible for ESMA’s Sustainability Reporting Working Group which gathers on a regular basis European enforcers to discuss common supervisory issues and develop draft ESMA’s positions with respect to sustainability reporting. He also represents ESMA as an officially appointed observer at the Sustainability Reporting Board of EFRAG. Prior to joining ESMA, Alessandro worked in the accounting policy department of a listed insurance group. Before then, he served as research assistant at the University of Roma Tre and as technical staff at the International Accounting Standards Board – IASB. Alessandro holds a PhD in business studies and he is a certified auditor.
Dr. Andreas Dressel has been Finance Senator of the Free and Hanseatic City of Hamburg since 2018. He has been a member of the SPD since 1993 and has held numerous positions there since then. From 2004 to 2018, Andreas Dressel was also a member of the Hamburg parliament, including seven years as chairman of the SPD parliamentary group. He volunteers in various social organizations.
Nahid Ghulami, ESG Advisor at MSCI, supports financial institutions in the DACH region in integrating ESG and climate strategies into their investment processes. She plays an important role in the consideration of ESG factors in investment decisions and risk assessments. In her position at MSCI, she keeps a close pulse on what is happening in the market and follows regulatory requirements in the area of ESG disclosure and reporting as well as global ESG trends and requirements. She is in active exchange with various players in the ESG market.
Dr. Teresa Haller-Mangold is Senior Director Sustainability at Nexperia. There she manages the sustainability-related activities of the global semiconductor manufacturer. Previously, she was responsible for the European sustainability department at Konica Minolta and, as Head of Sustainability, Communications, People & Culture at the medium-sized retail company Hoyer Handel, for sustainability-orientated cultural development, sustainability reporting and strategy, among other things. Dr Haller-Mangold holds a degree in cultural economics (University of Passau), completed her doctorate at the Centre for Sustainability Management (CSM) at the Leuphana University of Lüneburg on the subject of sustainability brand management and is a certified systemic coach.
Nils Hums is heading the Net Zero Banking Alliance Germany (NZBAG) and supports the Cluster as Sustainable Finance expert with a view to the strategic further development of existing and new projects and formats.
He has gained several years of professional experience in the financial industry in the field of sustainability and sustainable finance. In addition, he has accompanied the cluster since its inception in various roles and functions – both operationally and conceptually.
He holds a master’s degree in economic sociology from the University of Trier.
He has gained several years of professional experience in the financial industry in the field of sustainability and sustainable finance. In addition, he has accompanied the cluster since its inception in various roles and functions – both operationally and conceptually.
He holds a master’s degree in economic sociology from the University of Trier.
Torsten Jäger is responsible for Sustainable Finance at the German Bankers Association, where he heads the team of the same name. In this function, he is close to regulation and follows the various Sustainable Finance initiatives at international, European and national level and is in regular exchange with the relevant EU institutions and supervisory authorities (EU-COM, EBA, ECB, BaFin and Bundesbank). He is a member of various working groups of the European Banking Federation (EBF) as well as the International Banking Federation (IBFed). He has 17 years of experience in supervisory law and risk management and previously worked for the management consultancy zeb/, DZ BANK in London and Berliner Volksbank.
Christian Klein is Professor of Sustainable Finance at the University of Kassel. His research interests include measuring the contribution that sustainable investment products can make to achieving sustainability goals and the underlying motivation of investors with a sustainable approach. He is a member of the Wissenschaftsplattform Sustainable Finance (WPSF) and active in several scientific advisory boards of various Sustainable Finance organizations, as well as Chair of the Sustainability Advisory Board of Bayer AG.
Roland Kölsch, former conventional and SRI fund manager, is Managing Director of the Qualitätssicherungsgesellschaft Nachhaltiger Geldanlagen (QNG), which is among others responsible for the German-language SRI quality standard FNG-Siegel. He has been active in the field of sustainable investments since 2005 in Brussels, Germany, Switzerland and Paris. Besides university lectures, he currently also contributes his expertise to EU working groups on Sustainable Finance. In his private life, rowing is his passion.
Marcus Küster is Head of Philanthropy and Foundations at HAL Privatbank and Board Member for Finance and Sustainability at Deutsche Muskelschwundhilfe e.V. Previously, he was Branch Manager at a major bank and then Senior Family Officer for many years. In addition to other voluntary activities at the Lower Saxony Wadden Sea Foundation (Niedersächsischen Wattenmeerstiftung) and the Hamburg Spendenparlament e.V., he is involved in cooperation with the Association of German Foundations and the German Fundraising Association.
Kerstin Lopatta is Chair Professor of Financial Accounting, Auditing and Sustainability at the University of Hamburg. Furthermore, she is affiliated with City University of Hong Kong as a visting professor. She received her doctoral degree from Goethe University Frankfurt. Kerstin has extensive experience in sustainability reporting and financial accounting in practice and research. Before starting her scientific career, she worked as an audit assistant for Deloitte. She is the vice chair of the EFRAG SRB and a member of the Sustainability Reporting Technical Committee of the ASCG. She is on the Sustainable Finance Committee of the German Ministry of Finance and co-reviewed the adaptation of the German Sustainability Code to the Corporate Sustainability Reporting Directive (CSRD) and the EU Taxonomy. During her career Kerstin completed several international research stays including at City University of Hong Kong, New York University’s Stern School of Business, and Copenhagen Business School. In her research, she investigates empirically the effects of environmental, social, and governance factors on business and society. She also covers corporate governance topics such as board structure and diversity. Her work is published in top tier journals like The Accounting Review, Strategic Management Journal and European Accounting Review. Kerstin Lopatta is member of the supervisory board at EQS Group AG, Freenet AG, EUROKAI GmbH & Co. KGaA and chair of the audit committee at EQS Group AG.
Dr. Michaela Ölschläger heads the „Innovation and New Markets“ division at the Hamburg Chamber of Commerce. Her areas of responsibility include the financial and IT sectors, start-ups as well as science policy and transfer. She completed her PhD at the Chair of Economic Policy at the University of Hamburg (dissertation: “Milieus, Lifestyles and Innovation”). Before that, she studied business administration (Dipl.-Kffr.) in Hamburg and agricultural sciences (B.Sc.) in Göttingen.
Michael Schmidt is managing director of the Green and Sustainable Finance Cluster Germany, Senior Advisor to the Board of LAIQON (previously: Lloyd Fonds) and member of the supervisory board of Anthos Fund & Asset Management. Before, he led investment teams, serving on the executive boards of Lloyd Fonds, Deka Investment and Union Investment, after having managed portfolios at DWS. In a voluntary role, he is a member of the Sustainable Finance Advisory Committee of the German federal government and was a member of the EU Commission’s High-Level Expert Group on Sustainable Finance (“HLEG”).
Jan Schulte is a freelance journalist and founder of dreimaldrei Journalistenbüro in Cologne. He writes primarily for the Tagesspiegel Background Sustainable Finance. He also reports for Handelsblatt Business Briefing Nachhaltige Investments, Die Zeit, WirtschaftsWoche and Capital. In his articles, he mostly focuses on the various aspects of sustainability. These include the challenges for the financial and real economy to transform, the legislative processes, the handling of financial supervision as well as the perspective of non-governmental organizations.
Georg Schürmann has been Managing Director of Triodos Bank N.V. Germany since 2009. In 2014, he assumed sole responsibility for the sustainability bank’s German business. Prior to that, he worked at Deutsche Bank for 20 years. After studying economics in Cologne, he began his career as a trainee at Deutsche Bank in 1989. This was followed by various positions within the Group, including regional manager in Munich. In 2005, he was called to the bank’s headquarters and a year later became a member of the Private Banking Germany management team with responsibility for operations. Georg Schürmann is a member of the Sustainability Advisory Board of Barmenia Versicherung and the Diocesan Asset Management Board of the Eichstätt diocese. He has been a member of the Sustainable Finance Advisory Board of the German government since 2019. There, he chairs the ESG Scale working group.
Jegor Tokarevich is Managing Director at SOF (Substance Over Form Ltd.) and is responsible for reporting services including ESG for institutional clients such as insurers, banks, pension institutions, asset managers and capital management companies for alternative investments (infrastructure, real estate, private equity, private debt). He leads the EET working group at the Bundesverband Alternative Investments (BAI) and is the initiator of the continuing education program “CAS Alternative Investments & ESG” at the University of Oldenburg.