EMIA NOTES 09-11-2023

Date
 
EMIA Notes - September 11, 2023
 

CONTENTS

 

Announcement

Upcoming Webinars

Recordings of Prior Webinars

Volunteer Opportunities

 
 

ANNOUNCEMENT

1. 7th Annual ESG Engagement Conference

 


We invite you to join our 7th Annual ESG Engagement Conference, the longest-running forum dedicated to advancing ESG (Environmental, Social, and Governance) best practices in emerging markets through education and engagement.

November 16 (in-person in New York and online): Presentations by ESG policy experts, issuers, and investors who will delve into corporate and sovereign ESG themes critical to investor engagement, and shed light on best practices.

November 17 (online): Small group meetings with sovereign and corporate issuers to address specific ESG issues and gain valuable insights from industry leaders. Presentations by leading ESG experts.

More details regarding the conference agenda, speakers, and registration will be provided in the upcoming weeks.

 
 
 
 

UPCOMING WEBINARS

Our webinars are open to EMIA members, partners, and affiliates; financial professionals; civil society and multilateral ESG experts; and staff of national governments and publicly listed companies.
Sept
14
10:00 am EDT
3:00 pm BST
1. Financial Inclusion Target Setting, Disclosure and Monitoring 
(Financial Institutions Program Webinar) 
Thursday, September 14, 10 am EDT / 3 pm BS
 
Financial institutions play a major role in promoting and advancing financial inclusion by ensuring all individuals and businesses can access affordable and appropriate financial products and services. As a result, they help create inclusive societies and prosperity for future generations.

The signatories of the Principles for Responsible Banking (PRB) of the United Nations Environment Program Finance Initiative (UNEP FI) commit to making the changes necessary to promote universal financial inclusion and the financial health of their customers. To that end, they set specific, measurable, achievable, relevant, and time-bound targets within 18 months of becoming signatories.

This webinar is about the PRB’s financial health and inclusion framework, more specifically about the targets, indicators and performance measurement the signatories commit to. 

Bancolombia will also present its financial health and inclusion framework, which is considered best-in-class among financial institutions.


Speakers:

Laura Diaz Zea, Senior Coordinator, Principles for Responsible Banking, United Nations Environment Programme Finance Initiative (UNEP FI)

Maria Antonia Escobar, Innovation and Sustainability Analyst, BanColombia

Maria Tinedo, Director, Financial Institutions Program, EMIA (moderator)
 
 
 
Sept
20
10:00 am EDT
3:00 pm BST
2. Setting Net Zero Targets in the Cement Industry 
(Materials Program Webinar)
Wednesday, September 20, 10 am EDT / 3 pm BST
 
Cement is one of humankind's most widely used materials in building infrastructure, houses, and other real estate. Demand for cement is likely to keep growing for decades, with emerging markets being the main consumer. Combine this growth with a complex production process that is difficult to decarbonize, and the task of setting a net zero target will be understandably daunting for any cement or construction company.
 
However, all is not doom and gloom. 
 
SBTi has already developed a set of guidelines on how to set a net zero target. There are some good examples of companies that have had their targets validated and are now working on their implementation. 
 
Join our webinar to learn more about SBTi’s guidance directly from their team. Moreover, you will have an opportunity to ask questions to them and to an EM company that is setting a good example by using this guidance.
 

Speakers:
 
Karl Downey, Head of Sectoral Development, SBTi
 
Aamir Khan, PMO, Sectoral Development, SBTi
 
Fabio Cirilo, Sustainability Manager, Votorantim Cimentos 
 
Pavel Laberko, Director, Materials Program, EMIA (moderator)
 
 
Sept
22
10:00 am EDT
3:00 pm BST
3. How Can Food Companies and Retailers Reduce Food Waste 
(Consumer Staples Program Webinar) 
Friday, September 22, 10 am EDT / 3 pm BST
 
The FAO estimates that each year, approximately one-third of all food produced for human consumption globally is lost or wasted. This amounts to over a billion tons of food and $940 billion in economic losses annually, while one in nine people remains undernourished.
 
Environmentally, food loss and waste inflict a host of impacts, including unnecessary GHG emissions, inefficient use of water and land, and biodiversity loss. Around the world, food waste has been recognized as an urgent issue requiring immediate action – the United Nations, U.S. Government, European Parliament, and global business coalitions such as the Consumer Goods Forum have all set goals to cut food loss and waste in half by 2025 or 2030.

The webinar will explore food waste by sector and food type across the food chain and look into its causes and impacts. It will also outline potential solutions and key action areas where the food manufacturers and retailers should focus their efforts in order to achieve national and international food waste reduction goals.

 
Speakers:

Alexandria Coari, VP of Capital, Innovation & Engagement, ReFED

Nadine Cavusoglu, Director, Consumer Staples Program, EMIA (moderator)
 
 
Sept
25
10:00 am EDT
3:00 pm BST
4. Sustainability Standards and the Utilities Sector (Utilities Program Webinar) 
Monday, September 25, 10 am EDT/ 3 pm BST
 
In July, the ISSB adopted new standards for sustainability-related (IFRS S1) and climate-related (IFRS S2) disclosures. These are intended to help companies communicate to investors and other stakeholders regarding their sustainability-related risks and opportunities and how the companies manage them. The climate-related disclosures are particularly important for the utilities sector since it accounts for a  substantial share (28%) of global carbon emissions. For its part, Enel Chile has been a pioneer in the adoption of an integrated sustainability strategy by rapidly moving to decarbonize its energy sources. 

IFRS will provide an overview of the new S1 and S2 standards as they apply to the utilities sector, while Enel Chile will discuss how it will incorporate the new standards and an overview of its approach to sustainability.


Speakers:

Verity Chegar, Board member, IFRS

Isabela Klemnes, Head of Investor Relations, Enel Chile

Montserrat Palomar, Sustainability and Community Relations, Enel Chile

Lars Schonander, Director, Utilities Program, EMIA (moderator)
 
 
Sept
26
9:00 am EDT
2:00 pm BST
5. GHG Accounting: How Emissions Are Measured, Reported, and Verified (Carbon Transition Initiative and Sovereign Decarbonization Program Webinar) Tuesday, September 26, 9 am EDT / 2 pm BST
 
All of us see the numbers for historical, current, and projected emissions all over the media, but do we really understand where they are coming from? Do we know how these numbers are measured or estimated, how their quality is monitored, and how reliable and comparable they are? The Carbon Transition Initiative and the Sovereign Decarbonization Program invite you to our next event dedicated to GHG accounting. Experts from the UNFCCC Secretariat are going to discuss how carbon emissions are measured, reported, and verified.

Most countries have already submitted their annual climate targets (the so-called “nationally determined contributions”), some of them including long-term emission reduction pledges by 2050, but can we trust these promises and the data they are based on? 

Xuehong Wang, Vitor Gois Ferreira, and Davor Vesligaj from the UNFCCC Secretariat represent the team that is developing the global methodologies for GHG accounting. At this webinar, investors will have an opportunity to hear what they have to say and ask pertinent questions.


Speakers:

Ms. Xuehong Wang, Manager, Transparency Division, UNFCCC Secretariat

Mr. Vitor Gois Ferreira, Team Lead, GHG Inventory Unit, Transparency Division, UNFCCC Secretariat

Mr. Davor Vesligaj, Programme Officer, NC/BR Unit, Transparency Division, UNFCCC Secretariat

Mr. Arturo Porzecanski, Senior Advisor, EMIA (moderator)
 
 
Oct
05
10:00 am EDT
3:00 pm BST
6. Governance Challenges for Oil and Mineral-Producing Economies In Transition
( Sovereign Decarbonization Program) Thursday, October 5, 10 am EDT / 3 pm BST
 
 
Oil and mineral-producing countries face new governance challenges in the wake of ongoing climate change and energy transition. How does the Natural Resource Governance Institute (NRGI) assess the risks these countries face? How does it help civil society and governments to deal with those risks? How does it work with countries to speed up their adaptation to global trends and build more sustainable and inclusive economies? What is the role of objective indicators and regular assessments to drive positive change and promote transparency, accountability, and reform? What lessons has NRGI learned from working in a dozen resource-rich countries in Latin America, Middle East/North Africa, and Sub-Saharan Africa? How can institutional investors be of help?

NRGI is an independent, non-profit organization consisting of 80 professionals who support informed, inclusive decision-making about natural resources and the energy transition. The organization envisions a world where natural resources enable fair, prosperous, and sustainable societies – instead of undermining them. This, achieving inclusive resource governance and a just transition to sustainable economies are vital in resource-rich countries. From optimally governing the extraction of metals needed for green technologies to decisions about the fossil fuels that are overheating our atmosphere, many of the keys to sustainable development lie in resource-rich countries, where NRGI partners with reformers in civil society and government to design and implement just policies based on evidence and citizen priorities.


Speakers:

Ana Carolina Gonzalez Espinosa, Senior Director for Programs, Natural Resource Governance Institute

Arturo C. Porzecanski, Senior Advisor, EMIA (moderator)
 
 
Oct
13
9:00 am EDT
2:00 pm BST
7. Investors’ Risks in the Plastic Sector (Materials Program Webinar) Friday, October 13, 9 am EDT / 2 pm BST
 
Plastics are ubiquitous; they play important roles in many industries and people’s lives. Unfortunately, their wide use has negative side effects and unintended consequences, many of which are now becoming evident. Chemical producers generate significant emissions of GHG, which are hard to abate. Plastic pollution affects biodiversity. On top of these and other adverse effects and hazards, plastics can lead to financial risks for investors and financial institutions exposed to chemicals and other related industries.
 
In this webinar, you will gain insights into the specific risks that investors may incur. Some of these risks may not be fully accounted for by the price of an asset in the plastic value chain. An expert from Planet Tracker will provide an overview of the increasing regulatory action in response to various forms of plastic pollution. Most importantly, you will leave with recommendations and suggested targets that will be useful in your engagement with issuers.
 

Speakers:
 
Thalia Bofiliou, Senior Investment Analyst, Planet Tracker
 
Pavel Laberko, Director, Materials Program, EMIA (moderator)
 
 

RECORDINGS OF PRIOR WEBINARS​

1. Climate Lobbying Assessment Tools and Their Application to Methane Emissions (Extractive Industries Program Webinar), held on September 6, 2023

Decarbonizing the economy is multifaceted; companies have different means and opportunities to effect this change. Many of them can develop new technologies and processes that help mitigate climate change and/or adapt to its consequences. Even more, businesses can reduce their GHG emissions.

However, another often overlooked lever companies have is lobbying governments and regulators at all levels. By engaging with businesses, investors can and should influence this activity to make sure it's helping to transition away from fossil fuels and not creating obstacles to this process.

InfluenceMap is a non-profit think tank that has developed a set of tools that collect and analyze information about lobbying activities. The aim is to help investors, other associations and initiatives, as well as governments and companies, monitor lobbying activities and their impact on the climate and biodiversity crises. A team from InfluenceMap presented the tools, reviewed the situation with lobbying across the world, and focused on emerging markets and methane emissions.

 
 
Other Prior Webinars Our webinar recordings are available to EMIA members and partners. To watch them visit our events page.
 
 

VOLUNTEER OPPORTUNITIES​

1. Volunteer Opportunities

The Emerging Markets Investors Alliance could not function without its many volunteers who contribute their skills to our future. If you want to be part of our project, please send us an email at applicants@emia.org including your resume/ or LinkedIn profile, and mentioning "Volunteer Opportunities" in the subject line.