OECD business and finance outlook 2020 : sustainable and resilient finance.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

OECD business and finance outlook.

OECD business and finance outlook

Language:

English

Subjects (All):

Business enterprises--Finance.

Business enterprises.

Physical Description:

1 online resource (195 pages)

Edition:

1st ed.

Place of Publication:

[Paris, France] : OECD Publishing, [2020]

Summary:

The OECD Business and Finance Outlook is an annual publication that presents unique data and analysis on the trends, both positive and negative, that are shaping tomorrow's world of business, finance and investment.

Contents:

Intro

Foreword

Table of contents

Editorial

Environmental, Social and Governance (ESG) investing has grown considerably and is fast becoming mainstream. Yet market participants across the board are missing the relevant, comparable ESG data they need to properly inform decisions, manage risks, m...

Abbreviations and acronyms

Executive summary

1. Environmental, social and governance (ESG) investing

1.1. Introduction

1.2. Dimensions of ESG investing and the financial ecosystem

1.2.1. Dimensions of ESG investing

1.2.2. The financial ecosystem

1.3. ESG rating outputs and methodological challenges

1.3.1. ESG rating outputs

1.3.2. Methodological challenges

1.3.3. Transparency of ESG products alignment with investors' sustainable finance objectives related to financial and social returns

1.4. Critique and empirical assessment

1.5. Policy considerations and conclusions

References

Notes

2. Making sense of the environmental pillar in ESG investing

2.1. Introduction

2.2. Putting the E pillar in context: greening the financial system

2.2.1. Steps taken by central banks and financial regulators

2.2.2. Steps taken by governments

2.3. In practice: E scoring and performance

2.3.1. Alignment between ESG ratings, E pillar scoring and environmental metrics

2.3.2. Understanding E scoring methodologies

2.3.3. Alignment between sustainable indices and carbon emissions

2.4. Supporting low-carbon transition and resilience into an economic recovery

3. Corporate governance and the management of ESG risks

3.1. The corporation, risk management and resilience

3.2. The nature and occurrence of corporate ESG risks

3.3. The G20/OECD Principles of Corporate Governance, risk management and ESG considerations.

3.3.1. Board responsibilities over strategy and risk

3.3.2. Disclosure and transparency

3.4. Evolving practices and challenges in managing ESG risks

3.4.1. Challenges and the need for adaption

3.4.2. Tools for designing the ESG risk management system

3.4.3. The allocation of responsibility and accountability

3.4.4. The board and board committees

Management

Shareholders

3.5. Challenges and evolving practices with respect to recognition and disclosure of ESG risks

3.5.1. The evolving universe of ESG reporting

Reporting mandates

Reporting standards

Reporting frameworks

Practice guides

3.5.2. Selecting and communicating the tools for recognition and disclosure of ESG risks

3.5.3. The selection process

3.5.4. Consistency of messaging to stakeholders

3.5.5. Assurance and audit

4. Integrating ESG factors in the investment decision-making process of institutional investors

4.1. Introduction

4.2. Integrating ESG factors in the investment decision-making process

4.2.1. Level of ESG integration

4.2.2. ESG considerations made by institutional investors

4.2.3. Where ESG responsibilities lie

4.2.4. The level of ESG integration varies among companies

4.3. Strategies used for the integration of ESG criteria

4.3.1. Main strategies to integrate ESG criteria

4.3.2. Relevance of different strategies

4.3.3. Investment characteristics considered when evaluating ESG criteria

4.3.4. Are specific ESG strategies more suitable when targeting specific goals?

4.4. Methods and tools to evaluate ESG criteria

4.4.1. Methodology for in-house ESG analysis

4.4.2. ESG data and analysis tools

4.4.3. Reasons for the use of external ESG data and service providers

4.4.4. Implications of using external providers for ESG analysis services.

4.5. Additional data and information that is currently missing

4.6. Conclusion

5. Promoting responsible lending in the banking sector: The next frontier for sustainable finance

5.1. Introduction

5.2. What is driving ESG in corporate lending transactions?

5.3. Current practices in ESG integration and due diligence in corporate lending

5.3.1. Moving beyond project finance

5.3.2. Current practice in lending transaction

ESG policies

5.3.3. ESG incorporation in Risk Management

Human Resources for ESG analysis

Sustainability Reporting

5.3.4. "Green" and sustainable lending

5.4. Select policy initiatives to enhance ESG in corporate lending

5.4.1. Macro-prudential responses

5.4.2. ESG risk management frameworks for lending activity

5.4.3. Sustainability disclosure

5.4.4. Agreeing on metrics and benchmarks

5.5. Conclusions

Annex 5.A. Questionnaire on current practices in E&amp

S bank policies on corporate lending

6. State-owned enterprises, sustainable finance and resilience

6.1. The quest for environmental, social and governance (ESG) performance

6.1.1. The governance challenge: Companies with a credible commitment to sustainable development

6.1.2. Key elements of national governance frameworks: Transparency and risk management

Transparency and disclosure

Risk management

6.1.3. The environmental and social dimensions

6.2. ESG performance by SOEs: a snapshot of the evidence

6.3. Integrating sustainability considerations into state ownership policy

6.4. But SOEs are not just a force for good: Challenges arising from state ownership

6.4.1. Managing costs, protecting the competitive environment

6.4.2. Ensuring coherence between policy and practice

6.4.3. Fighting corruption in the state-owned sector.

An OECD initiative against SOE corruption

6.5. State ownership, sustainability and resilience after the COVID-19 crisis

6.5.1. The quest for "building back better": What role for the SOEs?

7. ESG and institutional investment in infrastructure

7.1. Introduction

7.2. The relevance of ESG factors and institutional capital in sustainable and quality infrastructure investment

7.2.1. Sustainable and quality infrastructure investment

7.2.2. Institutional investors' investment in infrastructure

7.3. ESG and institutional investment in infrastructure

7.4. Frameworks and tools for ESG analysis for infrastructure

7.4.1. ESG classification for infrastructure

7.5. Institutional investment in green investment and low-carbon infrastructure

7.5.1. Green investment

7.5.2. Low-carbon infrastructure investment

7.6. Conclusions

Annex 7.A. Standards and frameworks related to infrastructure and ESG factors

Notes.

Notes:

Description based on publisher supplied metadata and other sources.

Description based on print record.

Includes bibliographical references.

ISBN:

9789264544536

9264544534

OCLC:

1246578282