Wednesday, May 6, 2016—Program
8:00 - 8:30 a.m.
Continental Breakfast and Networking
8:30 - 8:40 a.m.
Welcome and Opening Remarks
Committee and Conference Chair:
- Timothy P. Selby, Joanne Barry
8:40 - 9:10 a.m.
- Barry C. Melancon, CPA, CGMA, President and CEO, AICPA
According to Worldwatch Institute, Senior Fellow Gary T. Gardner, “Unfortunately, the window for shifting to a sustainable economy relatively painlessly is closing, and each year of inaction makes the eventual shift more jarring and costly for a growing number of Americans.”,Join the conversation, and no longer be left in Europe’s sustainability dust!,In this session, Barry will discuss the assumptions, beliefs, and practices that need to be overturned in order for the United States to meet the needs of the global market.
9:10 - 10:10 a.m.
- Sarah Tomolonius
- Barry C. Melancon, Mervyn E. King, Robert G. Eccles., Jane Gleeson-White, Martin Whittaker
The revolution is here!,The nature of capitalism is changing and transforming the way the world does business—don’t be left behind.,Sustainability forces us to go beyond traditional financial and industrial capital, and to consider the benefits and detriments to our natural resources and society. We will discuss the roles that global organizations play in sustainability reporting, as well as the current level of reporting on sustainability issues globally. Organizations include the Sustainability Accounting Standards Board, the Global Reporting Initiative, The International Integrated Reporting Council, the AICPA, the Institute of Chartered Accountants in England and Wales, and others.
10:10 - 10:20 a.m.
10:10 - 11:00 a.m.
Why Is Sustainability of Critical Importance Today?
- Robert G. Eccles
Companies today face a dizzying array of risks—financial, physical, and intangible—all of which are growing in scale, as markets become increasingly global and interconnected. It is critical for outside advisors and corporate managers to understand how these factors inhibit or enhance shareholder value. This session will focus on the global growth of practice in multinationals, international government, and NGOs.,We will look at the International Stock Exchange’s new rules as of October 2015, and components of the S&P 500’s market value.,Speaker will also touch on Bloomberg’s terminal usage stats and the demand for nonfinancial data.
11:10 - 12:10 p.m.
Opportunities for CPAs and Lawyers in Sustainability:
- Lee A. DeHihns III, Esq., Partner (Retired), Alston & Bird LLP
- Roger R. Martella, Jr., Renee Mikalopas-Cassidy, Jane Gleeson-White, Howard P Dorman, Kristen (Beck) Sullivan
Modern corporations drive value by being able to grow intellectual property, customer relationships, brand equity and other intangibles. Amid these developments, CPAs and financial advisors in the United States have been surprisingly absent, although in the European Union and the UK, almost two-thirds of the Global 250 corporations have chosen major accountancy firms to provide guidance in the area of sustainability and sustainability reporting. We will discuss the role that CPAs and advisors need to play in this critically important growth area.,Attendees will walk away understanding sustainability’s touch points within a client’s DNA, as well as how to extend your firm’s marketing practices to service senior client contracts.
12:10 - 1:10 p.m.
1:10 - 2:10 p.m.
How Investors Judge Sustainable Value Added Information
- Erika Karp
- Arthur J. Radin, Curtis Ravenel, Michael Kraten, Georg Kell, Jan C. Childress
Exactly 84% of a company’s DNA is not recorded on its balance sheet. The CFA Institute reported that 73% of investors now take ESG (environmental, social, and governance) issues into account in their investment analysis and decisions. This panel discusses how to evaluate and understand the current information reported according to the various sustainability reporting standards organizations. It also presents case studies in high-impact investing in sustainable enterprises that have generated highly positive ROIs.
2:10 - 3:00 p.m.
Taking the Lead with Sustainability Reporting:
- Mervyn E. King
Sustainability reporting alone cannot have significant social, environmental, and economic impacts.,The continuous growth in integrated reporting is an indication of a major shift to sustainable capitalism.,Mervyn will provide us with a clear understanding of the shift from financial capitalism to sustainable capitalism.
3:15 - 3:15 p.m.
3:15 - 4:15 p.m.
Which Advisors Will Have the Greatest Credibility in the Investment Community—Accountants, Attorneys, or Financial Advisors?
- Georg Kell and Marc L. Rinaldi
- Jan C. Childress, Lee A. DeHihns III, Jane Gleeson-White, Mervyn E. King, Howard Dorman, Edward Mendlowitz
According to the CFA Institute’s ESG (environmental, social, and governance) survey, 69% of investors think it’s important that ESG disclosures be subject to independent verification. This panel presents the rationale for CPAs, attorneys, and financial advisors as fiduciaries and trusted advisors to offer these assurance services.
4:15 - 5:05 p.m.
How Will Advisors Help Clients Navigate Through This Minefield?
- Roger R. Martella
- Lee A. DeHihns III, Erika Karp, Michael Kraten, Kirby Brendsel
Learn how assurance services have evolved globally. Attendees are presented with case studies from extended auditor’s reports in the UK that have won awards. This hands-on session provides a pathway that advisors can follow to help their clients navigate through the minefield in order to provide meaningful and important guidance.
5:05 - 5:15 p.m.
Closing Remarks [and Scholarship Presentation]