effective community engagement for promoting responsible and sustainable investment
TRANSCRIPT
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Effective Community Engagement for
Promoting Responsible and Sustainable
Investment
Prof.Dr.Aung Tun Thet
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Responsible Investment
Importance of environmental, social and
governance (ESG) factors
Long-term sustainable returns
Stable, well-functioning and well governed
social, environmental and economic
systems
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Responsible Investment
Assessing value and performance of
investment over medium and longer term
Wider view
Full spectrum of risks and opportunities
Aligned with short and long-term interests
of STAKEHOLDERS
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Responsible Investment
Differentiated from conventional
approaches to investment in two ways
1. Timeframe
2. Wider contextual factors
Bring sustainability into heart of business
strategy
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Responsible Investment Strategies
Proactive consideration of ESG factors in
investment decision-making
Engagement with community
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Six Principles of Responsible
Investment
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Principles
1. Incorporate ESG issues into investment
analysis and decision-making processes
2. Incorporate ESG issues into policies and
practices
3. Seek appropriate disclosure on ESG issues
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Principles
4. Promote acceptance and implementation
within investment industry
5. Work together to enhance effectiveness in
implementation
6. Report on activities and progress
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Responsible Investment
Balance
Business needs
Community/national needs
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Framework for Responsible
Investment
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Five Pillars
Interrelated
Holistic approach
“Living”
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Five Pillars
Guidance to governments, industry and
other stakeholders
Identify and advance responsible
investment
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Five Pillars
Stakeholders need additional skills,
capacity or resources
Shared vision and common framework
identify opportunities for support
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Five Pillars
1. Transparent and Mutually Beneficial Legal
Framework
2. Long-term Planning and Revenue
Management
3. Leverage Investments for Development
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Five Pillars
4. Promote Human Rights and Integrated
Development
5. Manage Environmental Risks and Impacts
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Shared Goal
Public and private stakeholders
Mutually beneficial
Long-term relationship
Development benefits for population
Reasonable return on investment
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Framework
Mutual responsibility of both public and
private stakeholders
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Initiatives taken by MIC
Encourage investors to allocate 1-5% of
annual net profit to CSR activities in
consultation with the stakeholders
Encourage greater openness and
transparency
Encourage investors to join the UN Global
Compact
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Better Future, Better Myanmar
Action by all
Governments
Corporations
Citizens
Consumers
Workers
Investors
Civil Society
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Thank You!
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Q/A