How can financial disclosures support sustainable business?

GLF Live with Nicoletta Centofanti, Jingdong Hua and David Craig

Read the highlights from this interview here. Alternatively, listen back on Spotify, Apple Podcasts or Amazon Music, or via the audio player below.

In the arena of corporate sustainability, there is a wide variety of language and jargon when discussing sustainability standards. How can a company reconcile these different languages as it embarks on its journey of financial reporting? 

In this GLF Live, find out how a robust set of standards for sustainability disclosures could help highlight opportunities for investors and how various financial reporting standards can work together to achieve sustainable food systems. 

This discussion will highlight the role of transparency, how to instigate change by redirecting financial flows and disclosing to find alternatives, and the goal of developing a unified language to achieve the Sustainable Development Goals and Paris Agreement goals. 

This conversation features David Craig, co-chair of the Taskforce for Nature-related Financial Disclosures (TNFD) and Jingdong Hua, vice-chair of the International Sustainability Standards Board (ISSB), moderated by Nicoletta Centofanti, general manager of the Luxembourg Sustainable Finance Initiative (LSFI).

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David Craig is co-chair of the Taskforce for Nature-related Financial Disclosures (TNFD). He has 30 years of experience in financial market data and technology and sustainable markets. David is the founder and former CEO of Refinitiv, one of the largest data and technology platform providers to financial markets. He was previously founder and CEO of the Governance, Risk and Compliance (GRC) business and head of strategy at Thomson Reuters and Reuters plc. He spent eight years as a partner at McKinsey focusing on technology and financial services clients.

David is an executive fellow at the London Business School Strategy and Entrepreneurship faculty. He is co-chair of the India UK Financial Partnership for TheCityUK, member of the City of London Competitiveness Advisory Board, member of the MAS ITAP (Monetary Authority of Singapore International Advisory Panel), and on the advisory board of the Sustainable Markets Initiative (SMI). He is also the founder of Natural Capital Technologies, providing news, information and insights for investing in technologies harnessing natural capital to drive sustainability.

Jingdong Hua was appointed as vice-chair of the International Sustainability Standards Board (ISSB) in August 2022, effective 1 October 2022. In this role, Mr. Hua has a special focus in overseeing the development and implementation of the ISSB’s strategies to support and include stakeholders in emerging and developing economies as well as small and medium-sized companies.

Mr. Hua brings a wealth of international finance and development expertise to the ISSB. He is the former vice president and treasurer of the World Bank, where his responsibilities included green bond initiatives and sustainable finance capacity-building programmes. He also served as the administrator of the World Bank Group Pension Fund. Before joining the World Bank, he served as vice president and treasurer of the International Finance Corporation, where he led innovative bond issuances in several emerging markets. He has also previously served as deputy treasurer of the Asian Development Bank and has held positions at the United Nations Development Programme and the African Development Bank.

Nicoletta Centofanti is the general manager of LSFI. She is an environmental engineer and holds an executive MBA from Bocconi University in Milan. She is a sustainability expert committed to support financial players and companies transition towards increased sustainability and impact. She is an expert on sustainable finance and has extensive experience in in-depth corporate social responsibility review and implementation within companies around the globe. Nicoletta is enthusiastic about impact investing, social businesses and environmental social governance drivers: in short, anything that contributes to a better world.

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