Effective Community Engagement for Promoting Responsible and Sustainable Investment

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Effective Community Engagement for Promoting Responsible and Sustainable Investment Prof.Dr.Aung Tun Thet

Transcript of Effective Community Engagement for Promoting Responsible and Sustainable Investment

Page 1: Effective Community Engagement for Promoting Responsible and Sustainable Investment

Effective Community Engagement for

Promoting Responsible and Sustainable

Investment

Prof.Dr.Aung Tun Thet

Page 2: Effective Community Engagement for Promoting Responsible and Sustainable Investment

Responsible Investment

Importance of environmental, social and

governance (ESG) factors

Long-term sustainable returns

Stable, well-functioning and well governed

social, environmental and economic

systems

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Responsible Investment

Assessing value and performance of

investment over medium and longer term

Wider view

Full spectrum of risks and opportunities

Aligned with short and long-term interests

of STAKEHOLDERS

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Responsible Investment

Differentiated from conventional

approaches to investment in two ways

1. Timeframe

2. Wider contextual factors

Bring sustainability into heart of business

strategy

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Responsible Investment Strategies

Proactive consideration of ESG factors in

investment decision-making

Engagement with community

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Six Principles of Responsible

Investment

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Principles

1. Incorporate ESG issues into investment

analysis and decision-making processes

2. Incorporate ESG issues into policies and

practices

3. Seek appropriate disclosure on ESG issues

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Principles

4. Promote acceptance and implementation

within investment industry

5. Work together to enhance effectiveness in

implementation

6. Report on activities and progress

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Responsible Investment

Balance

Business needs

Community/national needs

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Framework for Responsible

Investment

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Five Pillars

Interrelated

Holistic approach

“Living”

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Five Pillars

Guidance to governments, industry and

other stakeholders

Identify and advance responsible

investment

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Five Pillars

Stakeholders need additional skills,

capacity or resources

Shared vision and common framework

identify opportunities for support

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Five Pillars

1. Transparent and Mutually Beneficial Legal

Framework

2. Long-term Planning and Revenue

Management

3. Leverage Investments for Development

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Five Pillars

4. Promote Human Rights and Integrated

Development

5. Manage Environmental Risks and Impacts

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Shared Goal

Public and private stakeholders

Mutually beneficial

Long-term relationship

Development benefits for population

Reasonable return on investment

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Framework

Mutual responsibility of both public and

private stakeholders

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Initiatives taken by MIC

Encourage investors to allocate 1-5% of

annual net profit to CSR activities in

consultation with the stakeholders

Encourage greater openness and

transparency

Encourage investors to join the UN Global

Compact

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Better Future, Better Myanmar

Action by all

Governments

Corporations

Citizens

Consumers

Workers

Investors

Civil Society

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Thank You!

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Q/A