[Day 1] The Master_ From a Conscientious Company to a Great Company
Time | Program | Speaker |
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14:00 | 14:20Welcoming Speech |
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14:20 | 14:40Keynote Speech Consideration for the responsible investment in the ESG era |
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14:40 | 15:50Master Class 1 Korean ESG and cases in other developed countries |
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15:50 | 16:50Master Class 2 Seek insights from Chairpersons of ESG committees |
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16:50 | 17:50Master Class 3 ESG+ Branding¡¤Marketing¡¤Skill |
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[Day 2] Grand Opening_ The Shift of Capitalism: ESG-nomics
Time | Program | Speaker |
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09:00 | 09:30Opening Ceremony |
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09:30 | 10:30Keynote Speech 1 ESG, Capitalism's New Future |
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10:30 | 11:30Keynote Speech 2 Solution of plus (+), rather than minus (-), ESG management and game theory |
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11:30 | 12:30Enterprise Companies that have turned crisis into opportunity |
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12:30 | 13:30Lunch | |
13:30 | 14:00Policy Sustainable society - Should it be left in the hands of the companies? |
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14:00 | 15:10
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15:20 | 16:20Investment ESG transforms the flow of money |
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16:20 | 17:30
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Korean ESG and cases in other developed countries
In the area of corporate management, ESG asks the question of ¡°how?,¡± rather than that of ¡°why?¡±. Companies have entered a phase in which they cannot survive without ESG, whether for the purpose of enhancing their corporate images or ensuring their sustainability. Some might ask how it could be possible for companies, who by nature seek profit, to conduct management by taking into consideration not only their environmental and social responsibilities, but also their governance structures. However, ESG management has proved its true worth recently during the COVID-19 crisis. ESG funds have performed even better than expected, and leading global companies, such as Apple, Tesla, and Unilever, are emphasizing ESG for future growth. In this class, we will examine the current status of ESG in South Korea and in the world at large, and what direction it should take going forward.
Seek insights from Chairpersons of ESG committees
ESG has definitely been making waves in industrial circles this year. Large companies have been scrambling to establish organizations dedicated to ESG, such as ESG committees, and there have also been a considerable number of companies with CEOs that have stepped in to take charge of ESG themselves. There is no disagreement that small and medium-sized companies, who put growth first, should head in the direction of ESG for the future of mankind. The name of the term ESG may change, but there is an increasing consensus that capitalism, which has passed its maturity, has reached a turning point where it is required to evolve into a more sustainable form. Environmental and social issues are no longer at odds with corporate growth, and some even argue that we should solve such issues by actively making use of companies. In this class, we will delve into the coexistence of companies and mankind's future, with insights from experts in fields as diverse as management, policy finance, and law, who currently head corporate ESG committees.ESG+ Branding¡¤Marketing¡¤Skill
Phrases like ¡°the future of capitalism,¡± ¡°essential, not optional,¡± and ¡°a strategy needed for companies for future survival¡± are often used to explain ESG. ESG is emerging as an unavoidable new norm not only in industrial circles but also in the fields of finance and investment. However, the effect of that phenomenon is limited in that the concept itself cannot be understood intuitively. Companies are required to engage in ESG with sincerity, while also applying it strategically to their new projects and brands. It is necessary to effectively communicate that companies are pursuing sustainable growth and also caring for future generations and social values. In this class, we will contemplate how companies should communicate with consumers with regards to the concept of ESG, taking perspectives from marketing and brand experts.ESG, Capitalism's New Future
¡°Occupy a future that no one has ever experienced!¡± ESG is a big topic when it comes to the global economy, so much so that it has even generated discussion about digital transformation. However, no one is able to explain what ESG is exactly. Everyone mentions ¡°ESG,¡± but it's rare that people agree unanimously on its meaning. In a sense, ESG is a world that is largely unknown to us. Therefore, we need to try even harder to keep up because it is especially important for us to know what will become even more important in the future. In the keynote lectures at the 12th EDAILY Strategy Forum, futurist Jason Schenker, chairman of Prestige Economics, and innovation icon Chin Dae-Je, chairman of SkyLake Investment, will explore new solutions for an ESG-based neo-capitalist future. Please give them your full attention.Solution of plus (+), rather than minus (-), ESG management and game theory
Six years have passed since the adoption of the Paris Agreement, which is aimed at keeping the average temperature rise within 2 degrees Celsius compared to pre-industrial times. However, not much has improved since. To achieve the goal, we need to cut our CO2 emissions by 45% by 2030, 10 years later from now, and we still have a long way to go. The earth is getting increasingly hotter. This is why Eric Maskin, a game theory expert and professor of economics at Harvard University, who also won the 2007 Nobel Prize in Economics, together with Yun Sun-jin, South Korea¡¯s foremost environmental and energy policy expert and chairman of the Sustainable Society Subcommittee of the Policy Planning Committee, will put their heads together. In this session, the two world-renowned scholars, professor Maskin, who argues that we should make appropriate interventions with regards to protecting the environment, rather than simply relying on the power of the market, and chairman Yun, who has been emphasizing the necessity of energy transition to cope with the climate crisis, will share their wisdom with you.Companies that have turned crisis into opportunity
¡°The sole social responsibility of business is to increase profits so long as it stays within the rules of the game.¡± This famous argument above, made 50 years ago by neoliberal economist and 1976 Nobel laureate Milton Friedman, is hard to agree with today. In the era of ESG, which focuses on sustainability, it is difficult to imagine a management practice that only pursues profits disregarding both environmental and social contributions. In this class, Hyundai Motor Company, which has become the first in the world to mass produce eco-friendly hydrogen vehicles, and LG Chem, which is going beyond the confines of its petrochemical-focused business model and is transforming into an ESG-based company, will present to us their innovative growth strategies. Furthermore, KG ETS, which creates new value by recycling waste, will talk about its ESG strategy.Sustainable society - Should it be left in the hands of the companies?
It is often said that carrots and sticks are needed to further spur on a running horse. The same goes for ESG. Of course, companies are those who conduct ESG, but the driving force behind that practice may well be effective support and policies that contain appropriate regulations. Considering that ESG must be backed by a strong social consensus, of particular importance are the roles of the government, politicians, and civil society organizations in particular, which generate policies and public opinion. South Korea¡¯s foremost environmental scholar Hong Jong-ho, head of the Graduate School of Environmental Studies at Seoul National University who has been emphasizing an earth-friendly law to protect the environment, will assume the role of chairman for this class. He along with other officials including congressmen Kim Sung-joo and Cho Hae-ji, who co-chair the South Korean Congress¡¯ ESG Forum as representatives of South Korea¡¯s ruling and opposing parties, will put their heads together for policies that will further drive ESG.ESG transforms the flow of money
Larry Fink, CEO of BlackRock, the world's largest asset manager with an $8 trillion (8868 trillion KRW) fund, published an annual letter in 2020 that says, ¡°BlackRock will use sustainability as a criterion.¡± In other words, BlackRock, a firm that is said to be the largest shareholder of all the listed companies on the planet, has declared that it will put ESG first. BlackRock's letter gave a clear direction to the investment industry, which up until recently had still been hesitating between profit and ESG. Precipitated by the COVID-19 pandemic, global funds are moving even faster toward ESG, and its worth has already been proven with the high rates of return. This class will feature a talk between Institute for Global Economics chairman Jeon Kwang-woo and Former BlackRock senior executive Leo Tilman, with some sharp advice on investing in ESG from top experts form South Korea and around the world, including CEO Kim Yong-hyun from Hanwha Asset Management, a firm that is taking the lead in ESG investment among South Korean asset managers, and value investment maestro Lee Chae-won , who serves as advisor for Korea Investment Value Asset Management.