@griausconf_plenary: linking sustainability to strategy, corporate governance and risk - michael...
TRANSCRIPT
Linking Sustainability To Strategy, Corporate Governance and Risk –the role of materiality.
Chair: Stella Whittaker, Senior Executive Sustainability and Climate Change, Manidis Roberts; Vice-Chair, GRI Stakeholder Council.Michael Dundon, Chief Executive Officer, Vic SuperShane Lucas, Group Head of Sustainable Development, ANZAlex Malley, Chief Executive Officer, CPA Australia
VicSuper Pty Ltd ABN 69 087 619 412 AFSL 237333 RSE L0000468 is the Trustee of VicSuper Fund R1000580
Sustainability reporting
Michael Dundon
Chief Executive Officer
VicSuper
GRI Conference on Sustainability and integrated Reporting
Melbourne Convention & Exhibition Centre
Tuesday 27 March 2012
Sustainability and VicSuper
Helping people to meet their income needs in later life
Encouraging new
investment ideas and innovation
Investing to achieve best possible long term returns
Using resources while
minimising our impact on natural
ecosystems
Helping people to meet their
income needs in later life
Influencing actions of
government and business
3
VicSuper’s Central Operating Principle - Sustainability Invested in sustainability leaders
Lead role in Performance Reporting- Introduced GRI Reporting
UN PRI Signatory VicSuper Pty Ltd - Offset climate impact Australian Co’s - engagement on governance risks
International Co’s –engagement on governance risks Measured VicSuper Fund’s carbon footprint
Created low carbon super ‘Member Report’ and ‘Sustainability Report’ combined as
Performance Report Actively participating in ongoing collaboration and
communication
2010/11
Investment review Stakeholder engagement
2007
2006
2004
2001
2009
Our sustainability journey
4
Sustainability Committee
Central Operating PrincipleTo create value for VicSuper stakeholders by building a sustainable
superfund through the integration of economic, social and environmental considerations into all VicSuper’s decision support
systems
FROGS
Focused Recruits Of Global SustainabilityEmployee championsEducation/induction
Board
Opportunity identificationGoals and targets
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Driving Business Strategy
– Key differentiator in a crowded market– Ecommerce– Long term investors– Direct investments
Corporate Governance
– Regnan, ACSI, Hermes, Shareholder influence
Managing Risk
– Fund manager screening– Carbon risk
How we utilise sustainability
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Next steps Integrate
– Decision making
– Stakeholder input
– Report content
More direct investment
– Community focus
More proactive influence- Fund Managers- Stakeholders
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