Bolu Iyiola, an ESG Consultant from EBS Advisory, reflects on her week-long virtual festival on Responsible Investing:
This one-week long digital event, hosted by Responsible Investor, brought together delegates from both the public and private sector to discus the theme of the event, “The Future of Sustainable Finance”. I found the high-level plenary events interesting and highly insightful! Because of how much depth was covered, it makes it near impossible to cover all my key takeaways from the event in one write-up. Two plenaries that stood out for me were, ‘How Corporate Behavior is Responding to Sustainable Development’ and, ‘Getting Practical on the SDGs – 10years Left’.
The following are my takeout points from the event:
- More than ever, we have to use this moment to build resiliency into our social, corporate, economic and governance structure as it is just a matter of time before we experience another shock – that could come from any sector – like the current pandemic.
- Corporate behavior is important for sure, but the driver is a corporate culture. The corporate culture is needed to drive the company in the long term and so, companies need to develop a corporate culture that aligns with the vision and mission of the company.
- We must recognise the scale of the climate challenge that we are facing and be willing to accept much larger trade-offs than we might be accepting.
- We need to bring intentionality to SDG alignment in SDG impact investing.
- In limiting the levels of emissions in the atmosphere, developed countries need to go faster and deeper than they are now or promise to be. There is also a need for more resources to be channeled to developing countries – through climate finance – for them to get where they need to be.
Finally, the event in general made me realize further that the significance of our roles as ESG professionals – especially in these unprecedented times – cannot be underestimated!