SEA EXPERT FORUM, 14 AUGUST 2014
Topic: “Sustainable Finance and Value Creation – State of the Art and New Perspectives!”
First Annual Conference, GLOBAL CORPORATE GOVERNANCE INSTITUTE
University of Surrey, Surrey, U.K.
RM 3 (72 MS 03)
- Ron Cambridge
- London Metropolitan University, SEA Endorser
- Nick Capaldi
- Legendre-Soulé Distinguished Chair in Business Ethics , Loyola University, New Orleans
- Karen Wendt
- International Expert, Responsible Investment Banking
- Samuel O. Idowu
- London Metropolitan University, Editor in Chief, Encyclopaedia of CSR
- Thomas Walker
- International Expert, Integrative Management and CSR
- Christian Rauscher
- Senior Editor Springer, Journal and Series of CSR
- René Schmidpeter
- Chair of International Business Ethics and CSR, Cologne Business School (CBS)
Surrey, United Kingdom, 14 August 2014 – The first annual conference on International Corporate Social Responsibility (CSR), Sustainability, Ethics and Governance of the Global Governance Institute was opened with the 4th SEA Expert Forum on Sustainable Finance and Value Creation moderated by René Schmidpeter, Chair of International Business Ethics and CSR at Cologne Business School (CBS) and member of the SEA jury. Sitting on the expert panel was Ron Cambridge, Senior Lecturer and Course Leader at London Metropolitan University and SEA Endorser, Nick Capaldi, Legendre-Soulé Distinguished Chair in Business Ethics at Loyola University New Orleans, Samuel Idowu, Senior Lecturer at London Metropolitan University and Editor in Chief of the Encyclopedia of CSR and member of the SEA jury, Christian Rauscher, Senior Editor at Springer for the Journal and Series of CSR, Thomas Walker, International Expert for Integrative Management and CSR and Karen Wendt, International Expert for Responsible Investment Banking.
The 4th SEA forum, which was intended to bridge the gap between academia and practice, began with discussions on the meaning of sustainable entrepreneurship and how businesses and academics can work together to create added value and develop human capital to prepare for the unknown future. State of the art and new perspectives about commerce and sustainability were developed from a wide variety of international and sectorial perspectives including investment banking, politics, business administration, ethics, global administrative law and entrepreneurial innovation. Key topics included widening participation and the increase in popularity of the sustainability discussion, the problem with a society based on economic models that do not consider depleting resources and environmental capacity, difficulties involved with implementing CSR in developing or corrupt nations and the need for right of property to foster responsibility.
The experts discussed the strategic application of global CSR and the implication culture has on whether a legislative or voluntary approach should be taken to advance sustainability initiatives. A consensus was reached that while there is no perfect, one-size-fits-all solution to the management of global sustainability, there are many broad initiatives based on research, practical cases, diversity, action and community commitment. The forum was concluded with predictions on the future of CSR around the world and insight on what is required to ensure the continued success of the annual International CSR, Sustainability, Ethics and Governance Conference as well as future SEA expert forums.