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March 17, 2016 4:14 PM Age: 5 yrs
CSR CERTIFICATE PROGRAM - FACULTY / COURSE UPDATE: What is "Materiality"? Why Is It important? How Do I Assess What ESG Issues are Strategically Important?Category: AC Alerts, AC GAI Billboard, AC RSS Feeds, AC Whats New, CSR News, CG News, ESG Highlights
Source: Governance & Accountability Institute, Inc.
An Interactive Course to Answer These Questions Led by Louis D. Coppola
Rutgers Business School’s Institute for Ethical Leadership and G&A Institute joined forces to develop and offer a Corporate Social Responsibility Certificate Program for corporate professionals. The first executive education program classes begin on Wednesday, April 27 and Thursday, April 28 at the Rutgers Business School campus in Newark, New Jersey. The two-day program features a deep dive into CSR and the related fields of philanthropy, sustainability, risk management, supply chain management, and ethics.
Materiality, as the U.S. Supreme Court defined it under the scope of U.S. securities law (and as the Securities & Exchange Commission generally applies it to corporate disclosure and reporting) along these lines: The materiality of particular information is whether there is a substantial likelihood that a reasonable investor would consider the misstated or missing information as having significantly altered the total mix of information that was available.
With the dramatic expansion of disclosure and reporting of ESG performance data (environmental, social and governance), the range of information being made public by companies is bringing about a vigorous dialogue (especially among investors) focused on the materiality of information.
Focusing on the critical ESG issues that will enable the company to better manage risk, take advantage of opportunities, better engage with important stakeholders, and position itself to be a winner in the 21st Century business environment is what a well thought out ESG Materiality process is all about.
Various important players have helped to shape the discussion around this important topic including the Global Reporting Initiative with its G4 framework, and the intensified focus on materiality. GRI considers materiality to be a stakeholder inclusive process beyond the investor stakeholder including customers, employees, supply chain, communities, academics, and NGOs. A more recent player in this field is the Sustainability Accounting Standards Board (SASB) which uses the US regulatory definitions of Materiality.
Participants in the Corporate Social Responsibility classes will have an opportunity to learn the various players and approaches to materiality. They will be guided through group exercises with their peers to examine materiality and they will learn through real world practical examples from leaders in the field.
Participants will be able to directly relate to the content and material, allowing them to apply their learning to their current work place immediately.
Registration includes breakfast, lunch, dinner Wednesday evening, parking, and course materials. Upon completion of the 2 day program, participants will be awarded a certificate in executive leadership. The program runs from 9:00 am to 5:00 pm, on Wednesday, April 27 and Thursday, April 28, at the Rutgers University Business School in Newark, NJ.
ABOUT GOVERNANCE & ACCOUNTABILITY INSTITUTE
G&A’s sustainability-focused services and resources include: counseling & strategies for the corporate sustainability journey; sustainability reporting assistance; thorough materiality assessments; stakeholder engagement; benchmarking; enhancing investor relations; sustainability communications; manager coaching, team building and training; issues monitoring & customized research; advice on third party awards and recognitions. Visit G&A at www.ga-institute.com
ABOUT THE INSTITUTE FOR ETHICAL LEADERSHIP
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