Panel Discussion One
Meeting Investor Needs through a Strong ESG Proposition
Transparency is more and more being seen as a key driver of competitive advantage in business. With a myriad of ESG standards, regulatory and reporting frameworks available, communicating a company’s ESG proposition can be problematic despite the fact that global investors see ESG as a reliable indicator as to a company’s sustainable growth potential. This panel will look at the extent to which business strategies are being aligned to sustainable development ESG models and how an integrated reporting framework can help companies strengthen their corporate governance and ultimately value creation.
Roger Munnings CBE
Chairman, RBCC Board of Directors
Roger Munnings is the current Chairman of the Board of RBCC and now lives in the UK, having lived with his family in Moscow between 1996 and 2008.
Roger is also currently a member of the Boards of Directors of LUKoil, NorNickel and Sistema, three of Russia’s largest companies. On both Boards he has the status of Independent Director. He chairs the Board Human Resources Committee of LUKoil and the Board Audit, Finance and Risk Management Committee of Sistema. He has also been an Independent Director of SUEK, Russia’s largest coal-producing company. In December 2016 he was voted Laureate Independent Director of the Year in the Russian Federation.
Lord Barker of Battle
Chairman of the Board of Directors, En+
& former UK Energy and Climate Change Minister
Rt. Hon Lord Barker of Battle is Executive Chairman of EN+ Group (LSE: ENPL; MOEX: ENPG), a global leader in aluminium and renewable power generation with production assets on five continents and a strong operational hub in the Russian Siberia. After an early career in corporate finance in London, Lord Barker served as a Conservative member of the UK Parliament from 2001 to 2015. Between 2010 and 2014, Lord Barker served as UK Energy and Climate Change Minister in the coalition government led by David Cameron. He now sits in the House of Lords.
Lord Barker was appointed as the Independent Chairman of the En+ Group Board of Directors in October 2017, immediately prior to En+ Group’s successful IPO in London. In February 2019, he was appointed as Executive Chairman of the Board of En+ Group. He currently holds this position at En+ Group and leads En+ Group ESG agenda.
Protecting the environment is at the core of En+ Group’s green business model. Since 2017, En+ Group has integrated the accounting of GHG emissions into the assessment procedures of projects efficiency and has been applying an internal carbon price at its Metals segment.
As a leading international corporate champion of climate action, En+ Group has set the most ambitious 2030 carbon reduction targets of any aluminium producer worldwide. In January 2021, En+ Group announced its ambition to reach net-zero by 2050 and to reduce greenhouse gas emissions by at least 35% by 2030, with 2018 serving as the benchmark.
En+ Group is a part of the Race to Zero, launched by the COP26 Climate Champions. Lord Barker is in close contact with the Climate Champions teams and leads discussions on how the Climate Champions and the COP26 team can support the Aluminium industry to greater climate commitments ahead of COP26.
In his recent opinion piece for the Financial Times “Decarbonising aluminium will require a united front” Lord Barker mentioned that while we are making advancements in emissions reduction technology and other innovations, one business alone would not make a dent in the decarbonization of our sector. We need a united front within the industry, with other sectors and with global policymakers.
Lord Barker is a trustee of The Climate Group.
Charles Tilley OBE
International Integrated Reporting Council
Charles Tilley is the CEO of the International Integrated Reporting Council (IIRC). Prior to that role at the IIRC, Mr. Tilley served as Chair of its technical task force and Senior Advisor to the IIRC Board Chair. Mr. Tilley also served as Chair of the IFAC Professional Accountants in Business (PAIB) Committee 2014-2019.
Following his retirement as the Chief Executive of the Chartered Institute of Management Accountants (CIMA) in 2016, Mr. Tilley is now the Executive Chairman of the CGMA Research Foundation.
A prominent advocate for global reform of corporate reporting, and a commentator on a wide range of business issues, at CIMA Mr. Tilley has led advocacy to effect change on finance, governance, and accountancy issues with government, regulators, standard setters, and the World Bank, among other organizations. He continues to direct CIMA’s thought leadership activity, focused on governance, the development of effective external and internal reporting, performance management, and developments in the finance function. Under his leadership, CIMA formed a joint venture with the American Institute of CPAs to establish the Chartered Global Management Accountant (CGMA) designation.
Global Head of Business Advisory, Reporting & Engagement,
Tjeerd leads the work within IIRC’s special interest group on Integrated Thinking & Strategy, which consists of around 40 companies and knowledge partners. The focus of the group is to offer world-renowned and innovative organizations the opportunity to share thinking about developing strategy across multiple capitals, learn from world leaders and co-create a common view of integrated thinking that is globally relevant to help build resilient, future-fit businesses.
Tjeerd is also working for ABN AMRO in Amsterdam, as Global head of Business Advisory, Reporting & Engagement, and a member of the Group Sustainability Management team. With more than 20 years of experience in the banking sector he started as a private banker and investment advisor and later on as head of investment teams. For the last seven years he has been heading up a team that offers advice on sustainability and is responsible for integrated thinking and reporting.
He is also a member of the advisory board for the Center for Corporate Reporting in Zurich.