理解负责任投资：投资者的观点 - 28页

About ACCA. We are ACCA (the Association of Chartered Certified Accountants),a globally recognised professional accountancy body providing Meet the academic team leading the academic research in this ACCA and Founded in 1904 to widen access to the accountancy profession,we’ve long championed inclusion and today proudly support a diversecommunity of over257,900members and530,100future members Dannielle Cerbone Joseph Clay University of the Witwatersrand University of Leeds Our forward-looking qualifications, continuous learning and insightsare respected and valued by employers in every sector. They equipindividualswith the business and finance expertise and ethical Dannielle Cerbone is an accomplished professionalwith a passion for excellence in academia andaccounting. He currently serves as an AssociateProfessor at the University of the Witwatersrand, wherehe shares his knowledge and expertise with the next Joseph Clay is a recent graduate of LeedsUniversity Business School, having completed hisundergraduate dissertation on responsible investment. Guidedby our purpose and values,our vision is to developtheaccountancy profession the world needs.Partnering withpolicymakers,standard setters,the donor community,educators Find out more ataccaglobal.com Dannielle’s research interests revolve around valuecreation, materiality determination, business modeldevelopment, and integrated thinking. His work hasbeen published in,iter alia,Meditari Accountancy Contents. Warren Maroun Dusan Ecim University of the Witwatersrand University of Leeds & University of the Witwatersrand Dusan Ecim is an Associate Professor at the Schoolof Accountancy, University of the Witwatersrand.He previously served in different capacities at DeloitteSouth Africa and Deloitte Central Europe. Dusan isthe author of multiple full-length academic papersand book chapters dealing with different aspects of Warren Maroun is a Professor of Accounting andAuditing at the University of the Witwatersrand andLeeds University Business School. He consults widelyon matters related to financial accounting, auditingand integrated reporting. Warren serves as the editorofMeditari Accountancy Researchand is an Before joining academia, Warren served in differentcapacities at PricewaterhouseCoopers. He hasserved on different task forces, working groups andcommittees for the Integrated Reporting Committeeof South Africa, the Independent Regulatory Boardfor Auditors and the Chartered Governance Institute Environmental and social matters arefundamentally interconnected withan organisation’s financial success –making sustainability considerationscentral to effective capital allocation. Together, these interconnected components form anintegrated thinking model for responsible investment.This model builds on ACCA’s previous research on ■Screening methods:Use avoidance and adaptivescreening approaches to evaluate and assess sustainability reporting and connectivity of information1.At the model’s core is the approach to integrating ESGissues into decision-making processes and policiesdeveloped to formalise the investor’s sustainabilitystrategy. Regulatory requirements and industry ■Investor proactivity:Exercise active ownershipusing stewardship actions, stakeholder engagement,and collaborative initiatives to influence positive ■Strategic purpose:Define clear sustainabilityobjectives and develop policies to formalise and ensure ■Selection of investment options:Match appropriatefinancial instruments with specific sustainability goalsand investment needs, ensuring alignment with the This report synthesises the expanding body of literatureonresponsible investmentto establish a comprehensiveframework for integrating sustainability considerationsinto investment decision-making. Drawing from academic This framework is not intended to relegate financialreturns to a secondary consideration – but rather to ■Regulatory compliance and standards:Maintainawareness of evolving sustainability regulations,disclosure requirements, industry best practices, and Given the dynamic nature of responsible investment, theproposed framework should be viewed as a foundation as ■ESG integration:Systematically incorporate materialenvironmental, social and governance (ESG) factors into ■Outcomes:Develop, monitor and reportcomprehensive metrics that capture both financial ■changing regulatory landscapes■innovations in financial instruments■advances in scientific understanding■growing stakeholder expectations ■Sustainability frameworks:Leverage establishedframeworks to identify, measure and report on material 1. Introduction2. A logical starting point is the term ‘sustainabledevelopment’. This was formally defined in 1987 by theWorld Commission on Environment and Development(WCED) as progress that ‘meets the needs of the presentwithout compromising the ability of future generations tomeet their own needs’ [1]. This foundational concept hasbecome central to global discus