Global Compact SKH to focus on Sustainability Indices

Monday, 8 August 2011 00:00 - - {{hitsCtrl.values.hits}}

The Sustainability Knowledge Hub (SKH) organised by the Global Compact Network Ceylon will discuss global sustainability indices and the potential for the development of a sustainability index in Sri Lanka.

The third quarterly SKH will be held on 11 August from 5.15 pm onwards at the CIMA Auditorium.

The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption.

UN Global Compact counts over 8700 corporate participants and stakeholders from over 130 countries.

It will include a panel discussion featuring Dr. Rohan Fernando (Director and Head of Business Development & Plantations, Aitken Spence), Ravi Dias (COO, Commercial Bank), Dulindra Fernando (Managing Director, Ceylon Asset Management) and Ravi Fernando (Global Compact Focal Point and Executive in Residence, INSEAD Social Innovation Centre) who will share their views and ideas on the value of sustainability indices.

The industry leaders will be joined by Michael Preiss, a Board Member for the Middle-East and Asia with the American Academy of Financial Management (AAFM) and Advisor on its Global Board of Standards on Wealth Management and Private Banking curriculum, who will deliver the keynote address on the Sustainability Indices and Global Trends.

Following the launch of the Dow Jones Sustainability index (in 1999), FTSE4Good, KLD 400 Social Index and NASDAQ OMX CRD Global Sustainability 50 Index we have seen many sustainability indices being developed in emerging markets.

By identifying companies that maintain superior sustainability standards, sustainability indices have the potential to promote the importance of environmental, social, and governance issues and establish more clearly the link between better sustainability and investment performance.

Global Compact Sustainability Knowledge Hub events aim to “Drive Economic Growth Sustainably” by equipping the Sri Lankan corporate sector with the necessary knowledge and skills required to practice corporate sustainability.

It is organised by Global Compact Network Ceylon, the local network of the world’s largest corporate sustainability network. The event is open to board members, senior management of the corporate and public sector and sustainability champions.