The video of this conference is available below (scroll down)

Read article: Beyond greenwashing, towards global standards for business

Thursday, 15 April 2021 | 14:00 – 15:00 BST (15:00 – 16:00 CEST | 09:00 – 10:00 EDT)

ABOUT THE EVENT

This online event discussed the guiding principles of international sustainability standards based on enterprise value where Lucrezia Reichlin, Professor of Economics at the London Business School, was joined by the former Governor of the Bank of England, Mark Carney. Elias Papaioannou, co-Academic Director of the Wheeler Institute and Economics Professor at London Business School hosted the discussion.

The event underlined the importance for the public interest of reporting standards that address enterprise value, which captures expected value creation for investors in the short, medium and long term and is interdependent with value creation for society and the environment, noting that sustainability standards should focus on information that is material to the decisions of investors, lenders and other creditors.
 

Mark Carney is currently the UK Prime Minister’s Finance Adviser for COP26 and UN Special Envoy for Climate Action and Finance. This role focuses on embedding climate into every finance decision and creating a more sustainable financial system to support the path to net zero. Mark was previously Governor of the Bank of England from 2013 to 2020, and Governor of the Bank of Canada from 2008 to 2013. Internationally, Mark was Chair of the Financial Stability Board from 2011 to 2018, Chair of the Global Economy Meeting and Economic Consultative Committee of the Bank for International Settlements from 2018-2020, and was First Vice-Chair of the European Systemic Risk Board from 2013-2020. He is Vice Chair of Brookfield Asset Management and a member of the Global Advisory Board of PIMCO, the Group of Thirty, the Foundation Board of the World Economic Forum, as well as the boards of Bloomberg Philanthropies, the Peterson Institute for International Economics and the Hoffman Institute for Global Business and Society at INSEAD.

Lucrezia Reichlin is Professor of Economics at the London Business School and Chair of the European Corporate Governance Institute. She is a Trustee of the International Foundation for Reporting Standard (IFRS) and Chair of the steering committee for the IFRS project on Sustainability Reporting. Lucrezia is a Fellow of the British Academy and of the Econometric Society. She received a Ph.D. in Economics from New York University.

Elias Papaioannou is co-Academic Director of the Wheeler Institute and Economics Professor at London Business School, focusing on international finance, political economy, applied econometrics, growth, and development.