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GTR Training 2024: Integrating ESG Risk into Commodity Trade Finance
Online, Zoom Training Course
March, 19, 2024
ESG and sustainability have become dominating issues in the world economy. But ESG regulation is evolving and to date no internationally recognised standards have emerged. This presents a huge challenge for banks, which are struggling to integrate ESG into their risk management framework. The challenge is especially acute for commodity trade finance, which is exposed to multiple ESG risks that are poorly understood. And with compliance and reporting standards strengthening by the day, the banks that finance commodity trade need to overhaul their risk management approach urgently.
This course has been designed to directly address these challenges, providing bank professionals with the information and context they need to understand how sustainability issues impact commodity trade finance.
Course highlights:
» Sustainability factors and impacts
» The different approaches and frameworks that are being developed to manage ESG risk
» A range of guiding documents and frameworks that can be used to successfully integrate ESG into the risk management of commodity trade finance
Key discussion points:
» The ICC Principles for Sustainable Trade and the industry’s response to them, including the ITFA white paper co-authored by our host, Dr Tedd George, which argues that Western-designed standards will not work in African markets and could end up making the trade finance gap worse, especially for SMEs. Read the publication.
» The likely impact of new EU rules approved that will ban the import of any goods linked to deforestation by the end of 2024, potentially upending existing export models. Read the press release.
The delivery of this course is highly interactive, with plenty of opportunities for students to discuss the topics covered in the course and relate them directly to their own work and experience in commodity trade finance.
» Gain 7 CPD points
This event content is accredited by The London Institute of Banking & Finance as meeting the standard for ongoing CPD towards recertification of International Trade Finance Qualifications
» 10% Early booking discount – Available until February 16
Early booking discount available for new registrations only and not in conjunction with additional discounts. 10% is automatically processed during online checkout or with a GTR team member.
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The training will include a number of polls (using Mentimeter) to gauge student knowledge and expertise, and the discussions will be highly interactive, with plenty of opportunities for students to discuss the topics covered in the course and relate them directly to their own work and experience in commodity trade finance.
09.00-09.10 GMT
Opening words from trainer, Dr Tedd George, housekeeping, course outline and objectives of Day 1, opening polls
09.10-10.10 GMT
Background to Sustainability and ESG
10.10-10.20 GMT
Break
10.20-11.20 GMT
ESG approaches and materiality
11.20-11.30 GMT
Break
11.30-12.20 GMT
Group discussion on how ESG risks impact businesses, clients and services in the commodity trade finance space
This moderated group discussion will explore how ESG factors impact your business. How do these risks manifest, where do they have the strongest impacts (e.g. profitability, cost of risk, reputational damage?), and which sectors are most exposed? Does your business have a sustainability strategy and transition plan, and what tools are at your disposal to address ESG risks and impacts?
12.20 GMT
Wrap up & final questions
12.30 GMT
End of Day 1
09.00-09.10 GMT
Opening words, housekeeping, Quizfire Quiz on Day 1’s material
09.10-10.10 GMT
ESG risks and the transition to a net-zero carbon economy
10.10-10.20 GMT
Break
10.20-11.20 GMT
The evolving ESG regulatory landscape for commodity trade
11.20-11.30 GMT
Break
11.30-12.20 GMT
Group Exercise
Review of case study on a Dubai-based company seeking finance for exports of LNG from the UAE to Germany. Students will be put into breakout groups (4-5 people in each) to review the case study. The exercise will include a comprehensive review the ESG risks and assessment of the impacts, after which students will jointly develop measures to avoid or mitigate these impacts. There will be a focus on looking for opportunities to convert risks into financing and business, as well as on identifying areas where trade finance has unique requirements to integrate ESG factors. Each breakout group will share its findings as part of a broad group discussion, tying together the learnings of the training.
12.20-12.30 GMT
Wrap up & key takeaways
12.30 GMT
End of Day 2
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Name of Data Controller
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In certain circumstances, the Data Protection Act allows personal data to be disclosed to law enforcement agencies without the consent of the data subject. Under these circumstances, Exporta Publishing & Events Ltd, will disclose requested data. However, the Data Controller will ensure the request is legitimate, seeking assistance from the board and from the company’s legal advisors where necessary.
We will occasionally update this Privacy Statement to reflect new legislation or industry practice, group company changes and customer feedback. We encourage you to review this Privacy Statement periodically to be informed of how we are protecting your personal data.
Exporta Publishing & Events Ltd aims to ensure that individuals are aware that their data is being processed, and that they understand.
To this end, the company has a privacy statement, setting out how data relating to individuals is used by the company. This is available on request and available on the company’s website.
We keep this Policy under regular review. This Privacy Statement was last updated in April 2018.