Does CSR Increase Shareholder Value and Will the Momentum for Voluntary Disclosure Satisfy All Stakeholders and Really Change the Game?
TUESDAY, DECEMBER 4, 2012, 10:00 AM EST
(3:00 PM LONDON) (4:00 PM PARIS) (5:00 PM ATHENS) (11:00 PM HONG KONG)
DURATION: 1 HOUR (PANEL AND Q&A)
LISTEN TO OUR EXPERT PANELIST LIVE FROM YOUR OWN DESK
As the popularity and buzz surrounding Corporate Social Responsibility (CSR) continues to grow, companies and investors are beginning to understand the viability of CSR not only as means of accomplishing corporate governance, but also as a measurable, concrete way to increase shareholder value and profits.
A major obstacle to incorporating CSR effectively has been a lack of information. This panel will attempt to address the following questions:
Introductory Remarks By: Nicolas Bornozis
- Does CSR Increase Shareholder Value?
- How is CSR presently being measured?
- Will it be a Voluntary or Mandated Disclosure or a Combination of the two?
- How will it be enforced? How relevant will Government regulators be in enforcing regulation?
- What is the most Valuable Intangible asset for a company?
- How do you measure Human Capital?
, President, Capital Link, Inc. Moderated By: Joe Sibilia
, CEO, CSRwire Featured Panelists:
- Chad Spitler, Managing Director & COO, Corporate Governance & Responsible Investment, BlackRock
- Steve Lydenberg, CIO, Domini Mutual Fund
- R. Paul Herman, CEO, HIP (Human Impact + Profit) Investor Inc.
- Paul Griffin, Professor of Management, Graduate School of Management, University of California, Davis
A panel format consisting of a moderator and four panelists, the webinar will last for 45 minutes followed by a 15-minute Q&A session. Please note that the webinar will be archived and available for audio replay. Q&A Session - Submitting Questions
Participants can submit questions to the panelists prior to or during the event through the special feature on the event page, by emailing questions@CapitalLinkWebinars.com
, or tweeting @capitallink. The Q&A portion of the webinar is 15 minutes long.
This CSR webinar is organized by Capital Link, a New York-based Investor Relations and Financial Communications firm.
Registrants can download the PowerPoint presentation from this webcast by registering.
A FREE AND INVALUABLE RESOURCE
This webinar will also be available on demand at any time after the live broadcast.
Who Should Attend?
C-level executives from Fortune 500 companies, Chief Sustainability Officers, Socially Responsible Investing (SRI) funds, sustainability consultants, auditors, risk management firms, banks, asset managers, legal firms, hedge/mutual and venture capital funds, analysts, investors, and financial media.
Chief Executive Officer
As a visionary of the socially responsible business movement, Joe Sibilia is founder and CEO of Meadowbrook Lane Capital (MBLC) (www.meadowbrooklane.com), described by the Wall Street Journal as a "socially responsible investment bank" specializing in turning values into valuation.
He is also the CEO of CSRwire, (www.csrwire.com), the social responsibility newswire service that distributes and archives corporate social responsibility and sustainability news and information to journalists, analysts, investors, activists, academics, public relations and investor relations professionals worldwide.
Joe also founded the Gasoline Alley Foundation (www.gasolinealleyfoundation.org), a 501(c) 3 corporation that has incubated forty-three small businesses since 1985 and teaches inner city and/or underprivileged persons to be successful entrepreneurs using socially responsible/sustainable business practices while revitalizing inner city neighborhoods.
Through MLBC, Joe has worked with a number of Socially Responsible Companies and has been widely recognized for his work in attempting to take Ben & Jerry's Homemade Ice Cream private, while creating a private stock exchange for CSR companies. MBLC successfully preserved many of the founders' social initiatives, and advanced the connection between good corporate citizenship and increased share value.
Joe recently co-authored, street smart sustainability: the entrepreneur's guide to profitably greening your organizations DNA, with David Mager.
His long range plan for the CSRwire is to establish a "platform for innovative revenue sharing applications advancing the 'movement' towards a more economically just and environmentally sustainable society and away from single bottom line capitalism."
Chief Investment Officer
Domini Mutual Fund
Steve Lydenberg is Founding Director of the Initiative for Responsible Investment at the Hauser Center for Nonprofit Organizations at Harvard University, and Partner, Strategic Vision for Domini Social Investments LLC. For over three decades he has been active in responsible investment with the Council on Economic Priorities, Trillium Asset Management and KLD Research & Analytics. He is author of numerous articles on responsible investment including, most recently, "Reason, Rationality and Fiduciary Duty" and "On Materiality and Sustainability: The Value of Disclosure in the Capital Markets" (written for the Sustainability Accounting Standards Board). He is also author of several books on responsible investment including Corporations and the Public Interest: Guiding the Invisible Hand (Berrett-Koehler), and with Céline Louche Dilemmas in Responsible Investment (Greenleaf).
R. Paul Herman
Chief Executive Officer
HIP (Human Impact + Profit) Investor Inc.
R. Paul Herman created the HIP (Human Impact + Profit) methodology and scorecard for investors, companies and entrepreneurs worldwide to understand how higher sustainability can drive financial performance.
Herman is a wealth manager and investment adviser for individuals, family offices and foundations -- and manages the HIP 100 portfolio and investment index. "The HIP Scorecard" investment approach is featured in his 2010 book (The HIP Investor; Make Bigger Profits by Building a Better World; John Wiley & Sons,http://bit.ly/HIPinvestorBook), Fast Company magazine, business school curricula, and atwww.HIPinvestor.com. Herman's financial acumen was honed at the Wharton School and McKinsey & Co., and he accelerated social entrepreneurs at Ashoka.org and Omidyar Network. Herman has advised leading corporations (including Walmart and NIKE) and investors, family offices and foundations on how to be more HIP. His insights have been quoted in the Wall Street Journal, The New York Times, Fortune, Forbes, BusinessWeek, and on CNN, Reuters, Morningstar.com and CNBC.
R. Paul Herman is CEO and a registered representative of HIP Investor Inc., an investment adviser registered in California, Washington, and Illinois.
Managing Director & Chief Operating Officer
Corporate Governance & Responsible Investment
Chad Spitler, Managing Director, is the Global Chief Operating Officer for BlackRock's Corporate Governance & Responsible Investment team within the Strategic Product Management Group. He is responsible for the daily operations of the team worldwide and strategic planning. Mr. Spitler is the Proxy Facilitator for the Securities Evaluation Group of the International Standards Organization (ISO), and is a member of the International Corporate Governance Network's (ICGN) Shareholders Responsibility Committee, and the Broadridge Global and Domestic Steering Committees.
Mr. Spitler's service with the firm dates back to 2000, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, Mr. Spitler last managed the Americas proxy voting team, responsible for analyzing and voting proxies, and engaging with the corporations of which BGI was a shareholder. Throughout his tenure he managed the corporate actions, trade operations, cash analysis and central control departments. Prior to BGI, Mr. Spitler was a Senior Market Research Analyst with the Franklin Templeton Group.
Mr. Spitler earned an MA degree in Anthropology from the University of Colorado in 1996, and a BS degree in Resource Management from the University of Michigan in 1992. He is a Series 7, 6 and 63 FINRA Registered Securities Representative.
Professor of Management
Graduate School of Management
University of California, Davis
Paul Griffin is professor of management at the Graduate School of Management, University of California, Davis. Prior to Davis, he served as assistant professor at the Graduate School of Business, Stanford University. He has published over 50 articles in leading accounting and finance journals, four research monographs for the Financial Accounting Standards Board, and two case books on US corporate reporting. His research has had a substantial impact on the profession. According to a study of influential articles, he is one of a small group whose articles are now "classics" in the field. His recent publications in accounting focus on corporate governance under Sarbanes-Oxley, stock option compensation, and SEC reporting under Regulation FD. His latest articles investigate accounting for carbon allowances and how CSR voluntary disclosure relates to shareholder value and other stakeholder interests. Professor Griffin currently serves as co-editor of Accounting Horizons, an academic journal of the American Accounting Association.
Examples of Griffin media mentions re most recent research
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2012, BlackRock's AUM was $3.560 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of June 30, 2012, the firm has approximately 9,900 employees in 27 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com
. ABOUT CSRWIRE
CSRwire is the leading global source of corporate social responsibility (CSR) and sustainability news. Founded in 1999 to advance the movement towards a more economically-just and environmentally-sustainable society and away from single bottom line capitalism, CSRwire has paved the way for new standards of corporate citizenship, earning the international respect of thought leaders, business leaders, academics, philanthropists, activists and the media community. Through innovative techniques and strategic partnerships, CSRwire continues to expand its content, communication technology and distribution channels exponentially.
CSRwire content reaches a broad and highly-engaged audience in the international CSR market through syndication partners, members, subscribers, visitors, mobile technology, databases, newsrooms, social media networks, search engines, financial portals, websites and online communities. As the exclusive distributor of CSR news and information for NASDAQ OMX's Globe Newswire and Marketwire, CSRwire offers more visibility than any other newswire in the world.
Viewership includes a million page views each month. Over 14,500 websites link to CSRwire and our News Alert reaches over 50,000 subscribers. CSRwire is also distributed through a partnership network comprised of multiple leading organizations within the CSR and sustainability sector. ABOUT DOMINI SOCIAL INVESTMENTS
Domini Social Investments is an investment firm specializing exclusively in socially responsible investing. It manages funds for individual and institutional investors who wish to integrate social and environmental standards into their investment decisions. ABOUT HIP (HUMAN IMPACT + PROFIT) INVESTOR INC.
HIP (Human Impact + Profit) Investor Inc. is an internationally recognized investment adviser and portfolio management firm that provides institutions, individuals, families, foundations - and investment advisers - with HIP Scores, HIP Portfolios and HIP Wealth Management. The HIP Scores quantify human, social and environmental outcomes and benefits to people, planet and profit potential. HIP Portfolios are available for equities, preferreds, REITs and fixed income, including muni bonds. When companies create value for society as well as shareholders and bondholders, those firms can be more financially sustainable and form the foundation of a stronger portfolio. The HIP Investor book, published by John Wiley & Sons, is integrated into 14 university and MBA curricula. Build a better world through your investing at www.HIPinvestor.com
. ABOUT UC DAVIS GRADUATE SCHOOL OF MANAGEMENT
Dedicated to preparing innovative leaders for global impact, the UC Davis Graduate School of Management is consistently ranked among the premier business schools in the United States and internationally. The school's faculty members are globally renowned for their teaching excellence and research in advancing management thinking. Each year, the school provides a bold, innovative approach to management education to about 100 full-time MBA students at the UC Davis campus and 425 part-time MBA students in Sacramento and the San Francisco Bay Area. A Master of Professional Accountancy degree program launched in fall 2012. ABOUT CAPITAL LINK, INC.
Capital Link is a New York-based investor relations and financial communications firm, which maintains a strategic focus on Corporate Social Responsibility (CSR).
As part of its commitment to raising the visibility of CSR, Capital Link organizes events in this sector across London, Athens, and New York. The annual CSR Forum in London focuses on the Maritime and Offshore/Oil services industries, whereas the annual CSR Forum in Athens calls attention to the significance of CSR in a country that has been tested by severe economic decline and social unrest.
Its annual New York Forum focuses on "CSR as a Competitive Advantage in Finance & Investing." From the public company perspective, this event aims to showcase how companies can enjoy improved access to the financial and capital markets at a lower cost of capital while, at the same time, expand shareholder value through improved and sustainable market valuations. From the investors' point of view, this event explores the ins and outs of Socially Responsible Investing (SRI) and tackles the challenges of integrating IR, CSR, and corporate communications. Capital Link is a GRI Stakeholder.
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