DOCSLIB.ORG

Prospectus of 16 October 2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Prospectus of 16 October 2013 Marine Harvest ASA, prospectus of 16 October 2013 Registration Document Prospectus Marine Harvest ASA Registration Document Oslo, 16 October 2013 Joint Lead Managers: 1 of 50 Marine Harvest ASA, prospectus of 16 October 2013 Registration Document Important information The Registration Document is based on sources such as annual reports and publicly available information and forward looking information based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for the Company's (including subsidiaries and affiliates) lines of business. A prospective investor should consider carefully the factors set forth in chapter 1 Risk factors, and elsewhere in the Prospectus, and should consult his or her own expert advisers as to the suitability of an investment in the bonds. This Registration Document is subject to the general business terms of the Joint Lead Managers, available at their websites. The Joint Lead managers and/or affiliated companies and/or officers, directors and employees may be a market maker or hold a position in any instrument or related instrument discussed in this Registration Document, and may perform or seek to perform financial advisory or banking services related to such instruments. The Joint Lead Managers’ corporate finance department may act as manager or co-manager for this Company in private and/or public placement and/or resale not publicly available or commonly known. Copies of this presentation are not being mailed or otherwise distributed or sent in or into or made available in the United States. Persons receiving this document (including custodians, nominees and trustees) must not distribute or send such documents or any related documents in or into the United States. Other than in compliance with applicable United States securities laws, no solicitations are being made or will be made, directly or indirectly, in the United States. Securities will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The distribution of the Registration Document may be limited by law also in other jurisdictions, for example in Canada, Japan and in the United Kingdom. Verification and approval of the Registration Document by the Norwegian FSA (“Finanstilsynet”) implies that the Registration Document may be used in any EEA country. No other measures have been taken to obtain authorisation to distribute the Registration Document in any jurisdiction where such action is required. The Norwegian FSA has controlled and approved the Registration Document pursuant to the Norwegian Securities Trading Act § 7-7. The Norwegian FSA has not controlled and approved the accuracy or completeness of the information given in the Registration Document. Financial supervision and approval relating solely to the Company has included descriptions according to a pre-defined list of content requirements. The Norwegian FSA has not undertaken any kind of control or approval of corporate matters described in or otherwise covered by the Registration Document. The Registration Document together with a Securities Note constitutes the Prospectus. 2 of 50 Marine Harvest ASA, prospectus of 16 October 2013 Registration Document TABLE OF CONTENTS: 1 Risk factors .................................................................................................................... 4 2 Definitions .................................................................................................................... 12 3 Persons responsible ....................................................................................................... 13 4 Statutory Auditors ......................................................................................................... 14 5 Information about the Issuer ........................................................................................... 15 6 Business overview ...................................................................................................... 16 7 Organizational structure ................................................................................................. 37 8 Trend information .......................................................................................................... 40 9 Administrative, management and supervisory bodies .......................................................... 41 10 Major shareholders ...................................................................................................... 44 11 Financial information concerning the Issuer's assets and liabilities, financial position and profits and losses ....................................................................................................................... 45 12 Third party information and statement by experts and declarations of any interest ................ 47 13 Documents on display .................................................................................................. 47 Cross Reference List ......................................................................................................... 48 Joint Lead Managers’ disclaimer ......................................................................................... 49 Articles of Association, Marine Harvest ASA .......................................................................... 50 3 of 50 Marine Harvest ASA, prospectus of 16 October 2013 Registration Document 1 Risk factors Investing in bonds issued by Marine Harvest ASA involves inherent risks. As the Company is the parent company of the Group and primarily a holding company, the risk factors for Marine Harvest ASA and the Group are deemed to be equivalent for the purpose of this Registration Document. Prospective investors should consider, among other things, the risk factors set out in the Prospectus before making an investment decision. If any of the following risks actually occur, the Company’s business, financial position and operating results could be materially and adversely affected. The Company believes that the factors described below represent the principal risks inherent in investing in bonds issued by the Company. Occurrence of the risk factors described below may cause inability of Marine Harvest ASA to pay interest, principal or other amounts on or in connection with the bonds. 1.1 Risks related to Marine Harvest’s business 1.1.1 Market risks 1.1.1.1 Salmon prices Marine Harvest’s financial position and future development depend to a considerable extent on the price of farmed salmon, which has historically been subject to substantial fluctuations. Farmed salmon is a commodity, and the Company therefore assumes that the market price will continue to follow a cyclical pattern based on the balance between total supply and demand. The demand for farmed salmon is affected by a number of different factors, such as changes in customer preferences, changes in prices and volumes of substitute products and general economic conditions. There can be no assurance that the demand for farmed salmon will not decrease in the future. Marine Harvest may have limited flexibility to adjust its product mix in order to accommodate changing circumstances. Export to Europe accounts for the main portion of the Group’s total sales. Many of the European countries to which Marine Harvest exports its products have experienced an economic downturn the recent years and such economic downturn may continue in the foreseeable future which in turn may adversely affect the demand for farmed salmon. The total supply of farmed salmon fluctuates strongly due to variations in factors such as smolt release, biology and seawater temperatures. As a result of the long production cycle and a limited time window available for harvesting, Marine Harvest and other industry players have limited flexibility to manage their supplies from month to month. Farmed salmon is furthermore generally sold as a fresh commodity with limited time available between harvesting and consumption. Short-term overproduction may therefore result in very low spot prices obtained in the market. The entrants of new producing nations or the issuance of new production licenses could result in a general overproduction in the industry. The market has in recent years experienced a strong growth with an increase in global supply of 22 per cent from 2011 to 2012. Short-term or long-term decreases in the price of farmed salmon may have a material adverse effect on the business, financial condition, results of operations or cash flow of the Group. 1.1.1.2 Feed costs, supply and sustainability Feed costs account for a significant portion, i.e. approximately 50 per cent of Marine Harvest’s total production costs, and an increase in feed prices could have a major impact on the Group’s profitability. The feed industry is characterised by large, global suppliers operating under cost plus contracts, and feed prices are accordingly directly linked to the global markets for fishmeal, vegetable meal, animal proteins and fish/vegetable/animal oils which are the main ingredients in fish feed. Increases in the prices of these raw materials will accordingly result in an increase in feed prices. Marine Harvest may not be able to pass on increased feed costs to its customers. Due to the long production cycle for farmed salmon, there may be a significant time lag between changes in
Load more

Recommended publications
  • Offer to All Non-Us Shareholders of Smedvig Asa to Acquire All Outstanding Shares
    Dear shareholder of Smedvig ASA OFFER TO ALL NON-US SHAREHOLDERS OF SMEDVIG ASA TO ACQUIRE ALL OUTSTANDING SHARES SeaDrill Limited (“SeaDrill”) is pleased to extend an offer to all non-US shareholders to acquire all your class A and class B shares in Smedvig ASA (“Smedvig Shares”) (the “Offer”). · The offered price is NOK 205 per Smedvig class A share (“SME”) and NOK 165 per Smedvig class B share (“SMEB”). · The Offer is subject to only one condition which is that a total acceptance level of more than 50 % of the SME (class A share) is attained. The Offer will be withdrawn if this condition is not either met or waived prior to completion of the Offer. If the Offer is successful, SeaDrill will proceed with a mandatory offer in accordance with the Norwegian Securities Trading Act. · The offer period (“Offer Period”) will last until 18.00 CET on Wednesday 18 January 2006. · Shareholders in Smedvig ASA (“Smedvig”) submitting an acceptance form (the “Acceptance Form”) to Carnegie by 18.00 CET on Wednesday 18 January 2006, by fax +47 22 00 99 60, hand delivery or post will receive cash settlement on or about Monday 23 January 2006 provided they submit necessary settlement details as described in the Acceptance Form. · SeaDrill reserves the right, at its sole discretion, at any time to waive the condition referred to above, and/or to withdraw the Offer at any time if it seems clear that the acceptance level of the Offer will not be achieved, and/or to extend the Offer Period to CET 16.30 on 20 January 2006.
    [Show full text]
  • 2626667.Pdf (1.837Mb)
    BI Norwegian Business School - campus Oslo GRA 19703 Master Thesis Thesis Master of Science Evaluating the Predictive Power of Leading Indicators Used by Analysts to Predict the Stock Return for Norwegian Listed Companies Navn: Amanda Marit Ackerman Myhre Hadi Khaddaj Start: 15.01.2020 09.00 Finish: 01.09.2020 12.00 GRA 19703 0981324 0983760 Evaluating the Predictive Power of Leading Indicators Used by Analysts to Predict the Stock Return for Norwegian Listed Companies Supervisor: Ignacio Garcia de Olalla Lopez Programme: Master of Science in Business with Major in Accounting and Business Control Abstract This paper studies the predictive power of leading indicators used by interviewed analysts to predict the monthly excess stock returns for some of the most influential Norwegian companies listed on the Oslo Stock Exchange. The thesis primarily seeks to evaluate whether a multiple factor forecast model or a forecast combination model incorporating additional explanatory variables have the ability to outperform a five common factor (FCF) benchmark forecast model containing common factors for the Norwegian stock market. The in-sample and out-of- sample forecasting results indicate that a multiple factor forecast model fails to outperform the FCF benchmark model. Interestingly, a forecast combination model with additional explanatory variables for the Norwegian market is expected to outperform the FCF benchmark forecast model. GRA 19703 0981324 0983760 Acknowledgements This thesis was written as the final piece of assessment after five years at BI Norwegian Business School and marks the completion of the Master of Science in Business program. We would like to thank our supervisor Ignacio Garcia de Olalla Lopez for his help and guidance through this process.
    [Show full text]
  • Offshore Blow-Out Accidents - an Analysis of Causes of Vulnerability Exposing Technological Systems to Accidents
    Offshore Blow-out Accidents - An Analysis of Causes of Vulnerability Exposing Technological Systems to Accidents Thomas G Sætren [email protected] Univesity of Oslo Universite Louis Pasteur Assessing and communicating risks Wordcount: 24983 Preface This thesis is about understanding causes of vulnerabilities leading to specific type of accidents on offshore oil and gas installations. Blow-out accidents have disastrous potential and exemplify accidents in advanced technological systems. The thesis aims to reveal dysfunctional mechanisms occurring within high reliability systems whether in organization or socio –technical interaction. Technological systems form a central place in technological development and as such this thesis is placed in the technology and society group part of the STS- field, though describing technological risks and accidents at group, organizational and industrial sector level. The contents are description on developments in offshore technological design, theories on how organisational vulnerabilities occur, empirical analysis on three major blow-out accidents, empirical analysis on one normal project for reference, sosio-technological historic description on development in Norwegian offshore industry and final analysis Keywords Blow-out, Offshore, Vulnerabilities, Accident causes, Technological development, Social construction of technology, Bravo – accident, West Vanguard, Snorre A, Ormen Lange Acknowledgments I am grateful for the help and advice I received from the researchers Ger Wackers (Univ of Maastricht/Univ of Oslo) and Knut Haukelid (Univ of Oslo) during the later stages of the project. I am also indebt to my two fellow students Marius Houm and for assistance and advice during the process The 14 interviewees I owe big thanks for the time they spent talking to me a novice in the offshore industry.
    [Show full text]
  • Storebrand Livsforsikring AS Annual Report 2011
    Annual report 2011 Storebrand Livsforsikring AS ANNUAL REPORT 2011 2 | ANNUAL REPORT STOREBRAND LIVSFORSIKRING AS Contents Page 4 | Report of the board of directors Page 22 | Profit and loss account Page 24 | Statement of financial position Page 27 | Reconsiliation of change in equity Page 28 | Cash flow analysis Page 29 | Notes Page 114 | Actuary report Page 115 | Declaration by the members of the board and the CEO Page 116 | Audit report Page 118 | Control committee’s statement Page 119 | Board of representatives statement Page 120 | Terms and expressions ANNUAL REPORT STOREBRAND LIVSFORSIKRING AS | 3 ANNUAL REPORT 2011 Report of the board of directors Storebrand Livsforsikring primarily operates in Norway and its head office is in Lysaker Park in the Municipality of Bærum. Storebrand’s position as a leading player in the Nordic occupational pension market strengt- hened through 2011. In addition, several strategic and organisational adjustments were im- plemented in order to increase focus on the retail market. The reason for this initiative is the transition from defined benefit to defined contribution occupational pension schemes, where the individual employees have a greater involvement. Business relationships give the Group a strategic advantage in the relationships established with company employees. OUTLOOK Fusion of corporate and retail markets The shift from defined benefit to defined contribution occupational pension schemes has led to both risks and investment options being transferred from employer to employee. In addi- tion, the pensions reform will lead to lower future pension payments for many employees. In sum, this increases both the need and interest in pensions and private savings significantly.
    [Show full text]
  • Capital Markets Day 2021
    Capital Markets Day 2021 Bergen, Norway 17 March 2021 Forward looking statements This presentation may be deemed to include forward-looking statements, such as statements that relate to Mowi’s contracted volumes, goals and strategies, including strategic focus areas, salmon prices, ability to increase or vary harvest volume, production capacity, expectations of the capacity of our fish feed plants, trends in the seafood industry, including industry supply outlook, exchange rate and interest rate hedging policies and fluctuations, dividend policy and guidance, asset base investments, capital expenditures and net working capital guidance, NIBD target, cash flow guidance and financing update, guidance on financial commitments and cost of debt and various other matters concerning Mowi's business and results. These statements speak of Mowi’s plans, goals, targets, strategies, beliefs, and expectations, and refer to estimates or use similar terms. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Mowi disclaims any continuing accuracy of the information provided in this presentation after today. Page 2 Group Management Team Ivan Vindheim (1971), CEO Kristian Ellingsen (1980), CFO Catarina Martins (1977), CTO and CSO CEO from 2019, prior to that CFO from 2019, prior to that Chief Technology and CFO for seven years. He has Group Accounting Director Sustainability Officer from held various executive for four years. He has 2020, prior to that Group positions in the seafood experience from various Manager Environment and industry and other industries. positions in the finance area Sustainability. She has both a including Director at PwC.
    [Show full text]
  • Arctic Norwegian Value Creation Monthly Report August 2019
    Arctic Norwegian Value Creation Monthly Report August 2019 FUND COMMENTS Arcc Norwegian Value Creaon (Class B) fell by 0.3% in August bringing return year to date to 9.9%. Since incepon in August 2014, the fund has returned 69.9% compared to a return of 42.0% for the Norwegian OSEFX benchmark. The largest posive contribuons to fund performance in August came from Schibsted, Veidekke and Lerøy Seafood Group. Schibsted connued to perform well supported by strong share price development for its main asset, Adevinta. Adevinta comprises more than 2/3 of Schibsted’s market value. Schibsted started its buy-back program for up to 2% of the shares in August. The Tinius Trust, its main shareholder, increased its holdings during last month. Veidekke reported Q2 figures ahead of expectaons on both topline and margin. Previously taken measures to improve margins, especially within the Civil Engineering Norway and Industrial segments, are starng to show results, while the order book of NOK 35 billion is at all-me high. With an improving balance sheet, the NOK 5 dividend per share should be intact, offering an aracve yield. The share price of Lerøy benefied from a generally strong senment for the aquaculture sector. Having said that, Lerøy reported a somewhat disappoinng second quarter while salmon prices retreated during the month. The most negave contribuons to performance last month came from XXL, Storebrand and B2 Holding. XXL’s Q2 in July showed weak like-for-like growth in Norway and uncertainty about sales connued last month. Moreover, XXL has manipulated the number of items sold at pre-discount sales prices at some stores in order to jusfy large percentwise campaign discounts.
    [Show full text]
  • TO OUR STAKEHOLDERS I Am Pleased to Confirm That Mowi ASA
    TO OUR STAKEHOLDERS I am pleased to confirm that Mowi ASA reaffirm its support of the Ten Principles of the United Nations Global Compact in the areas of human rights, labor, environment and anti-corruption. In this annual Communication on Progress we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication. Yours sincerely Alf-Helge Aarskog/CEO Global Compact COP report 2018 Human Rights Principles Principle 1:” Businesses should support and respect the protection of internationally proclaimed human rights” Mowi supports and observes the Universal Declaration of Human Rights in our operations. Mowi also requires a similar commitment from our suppliers and participants in our supply chain. Mowi aims to understand and comply with all applicable laws and international conventions on human rights, to which Mowi subscribes and supports. Principle 2:” Make sure that they are not complicit in human rights abuses” Mowi aim to know and understand where our operations, suppliers or supply chains, due to local conditions, custom, practices or otherwise, might represent a potential risk of human rights violations. If allegations occur, we ensure that situations or allegations of human rights violations are investigated and followed up. We are particularly aware in the event of reluctant or unsatisfactory answers to questions from potential business partners, and other ‘red flags’ that might suggest that a party might be avoiding an open and transparent view of their operations or conduct or that of their sub-suppliers.
    [Show full text]
  • 20 Nov, 2020 Seadrill Limited Third Quarter 2020 Trading Update
    Seadrill Limited (SDRL) - Third Quarter 2020 Trading Update Hamilton, Bermuda, November 20, 2020 - Seadrill Limited (“Seadrill” or "the Company") (OSE:SDRL, OTCQX:SDRLF), a world leader in offshore drilling, announces a trading update for its third quarter for the period ended September 30, 2020. Highlights • Technical utilization1 of 94% and economic utilization2 of 92% • Total backlog stands at $2.1 billion • Cash and cash equivalents as at September 30, 2020 was $851m • Stuart Jackson appointed Chief Executive Officer • The role and responsibilities of the Chief Financial Officer are now divided into two new roles: Grant Creed is Chief Restructuring Officer and Neil Gilliver is Chief Accounting Officer Subsequent Events • Following quarter end, approximately $52 million of backlog added: ◦ The Sevan Louisiana was awarded a one firm, plus one optional, well contract with Walter Oil & Gas in US Gulf of Mexico adding $17m backlog over the firm term ◦ The West Neptune has been awarded a one firm well contract with Kosmos Energy in US-Gulf of Mexico, adding $9m backlog ◦ Equinor exercised additional wells on the West Hercules in Norway adding $26m in backlog • Total Angola released the West Gemini from its obligations under the contract. Seadrill is entitled to compensation in the form of a lump sum fee Stuart Jackson, CEO, commented: “Seadrill continues to play its part in establishing a more viable market environment – taking action on scrapping rigs, reducing the cost of operation and support activities, and addressing our capital structure. In doing so, we remain committed to the delivery of safe and efficient operations for our customers.
    [Show full text]
  • Running Hot Accelerating Europe’S Path to Paris
    DISCLOSURE INSIGHT ACTION RUNNING HOT ACCELERATING EUROPE’S PATH TO PARIS Written by CDP Europe Report, March 2021 CONTENTS 03 FOREWORD: 03 Ambroise Fayolle, Vice-President, European Investment Bank 04 Maxfield eissW , Executive Director, CDP Europe 05 EXECUTIVE SUMMARY 07 A €4 TRILLION AMBITION GAP 13 THE TRANSITION IN ACTION 21 THE FINANCIAL SECTOR IS GEARING UP 29 BUILDING INVESTABLE TRANSITION PLANS 38 CONCLUSION 40 CDP DISCLOSURE IN EUROPE 42 THE CDP A LIST 2020 45 THE CLIMETRICS FUND AWARDS 2020 46 APPENDIX Important Notice The contents of this report may be used by anyone provided acknowledgment is given to CDP. This does not represent a license to repackage or resell any of the data reported to CDP or the contributing authors and presented in this report. If you intend to repackage or resell any of the contents of this report, you need to obtain express permission from CDP before doing so. CDP and Oliver Wyman have prepared the data and analysis in this report based on responses to CDP information requests. No representation or warranty (express or implied) is given by the authors as to the accuracy or completeness of the information and opinions contained in this report. You should not act upon the information contained in this publication without obtaining specific professional advice. To the extent permitted by law, CDP and Oliver Wyman do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it.
    [Show full text]
  • Aquaculture 101 – the Scottish Sector
    Aquaculture 101 – the Scottish sector Sarah Riddle & Sam Houston Subsea UK webinar, 04 November 2020 1 2 Aquaculture 101 – Scottish Aquaculture Sector By the end of today’s session, you should be able to describe Scotland’s aquaculture sector; name the key species farmed; appreciate biological aspects relevant to cultivation and have knowledge of the techniques used to culture these food organisms. Contents: • UK (Scottish) aquaculture • Finfish farming – 'the king of fish' • Shellfish aquaculture • Seaweeds – a carbon negative industry? 3 Scottish aquaculture Driving innovative technologies to transform Scottish aquaculture 4 UK aquaculture UK EXPORTS UK FY 2019 UK food & drink H1 2020 UK food & drink 2017 Scotland Values Value (ex-farm) Tonnes Value Share Atlantic salmon £1,050,976,780.00 189,707 96.96% Sea mussels £10,092,432.00 8,232 0.93% Rainbow trout £19,446,550.00 7,637 1.79% Pacific cupped oyster £2,015,000.00 403 0.19% 2017 Marine fishes -not elsewhere identified £947,100.00 77 0.09% Brown trout £165,300.00 57 0.02% European flat oyster £120,000.00 16 0.01% Queen scallop £33,000.00 11 0.00% Great Atlantic scallop £91,632.00 6 0.01% Other Salmonids £12,470.00 4.3 0.00% Grand Total £1,083,900,264.00 206150.3 5 Production geography • Aquaculture is a key industry to the Scottish economy • The sector is primed for sustainable growth • Innovation will play a major part in achieving industry and government ambitions 6 7 Finfish farming Atlantic salmon; trout; halibut; cleaner fish 8 9 Atlantic salmon lifecycle and production Lifecycle,
    [Show full text]
  • Årsstatistikk 2014 – Aksjenorge
    Aksjestatestikk årsskife 14/15 Oversikt: Verdi: 2012 2013 2014 Kvinner: 14,196,427,472 16,189,340,801 15,810,296,390 Menn: 48,396,337,759 58,234,871,293 53,946,681,470 Totalt: 62,592,765,231 74,424,212,094 69,756,977,860 Antall: Kvinner: 113,096 110,700 108,207 Menn: 247,104 242,266 238,180 Totalt: 360,200 352,966 346,387 Verdi totalt, for kvinner og for menn har gått ganske mye ned siden sist årsskifte, nesten tilsvarende opp fra årsskiftet 2012/13. Dette kan vi se i grafen under: Når det kommer til antall aksjonærer har dette gått ned ganske stabilt for kvinner, menn og totalt de siste to årene. Dette sees i grafen under: Selskaper: Top 10 selskaper, antall aksjenærer: Selskaper Antall Selskaper 31.12.2013 Antall 31.12.2014 Selskaper 13.12.2012 Antall STATOIL ASA 92655 STATOIL ASA 97512 STATOIL ASA 99819 NORSK HYDRO ASA 49030 NORSK HYDRO ASA 51450 NORSK HYDRO ASA 51790 ORKLA ASA TELENOR ASA 40636 ORKLA ASA A-AKSJER 41307 A-AKSJER 44147 DNB ASA 40352 TELENOR ASA 41274 DNB ASA 43792 ORKLA ASA A-AKSJER 39542 DNB ASA 39674 TELENOR ASA 42919 GJENSIDIGE GJENSIDIGE FORS. FORS. ASA 34200 GJENSIDIGE FORS. ASA 36587 ASA 41258 YARA YARA INTERNATIONAL 31886 YARA INTERNATIONAL 35384 INTERNATIONAL 36608 RENEWABLE REC SILICON ASA 26061 REC SILICON ASA 27005 ENERGY COR 28206 STOREBRAND STOREBRAND ASA NORSKE SKOGIND. ASA ORD. 22122 ORD. 22273 ASA 24251 NORSKE NORSKE SKOGIND. STOREBRAND ASA SKOGIND. ASA 20964 ASA 21528 ORD. 23300 Litt endringer i passering, men stort sett det samme.
    [Show full text]
  • ESG 100 Oslo Stock Exchange Report
    ESG 100 - THE OSLO An analysis of how the 100 largest STOCKcompanies on the Oslo Stock Exchange report on ESG EXCHANGE 2020 ESG 100 Glossary SUSTAINABILITY THE UN SUSTAINABLE DEVELOPMENT GOALS The concept was introduced in 1987 when the The 2030 Agenda for Sustainable Development, Brundtland Commission defined sustainable adopted by all UN Member States in 2015, sets out development as resource utilisation that meets the 17 sustainable development goals (SDGs). The goals needs of the present without compromising the ability embrace both developing and industrialised of future generations to meet their own needs. countries and have been broadly endorsed by the Corporate sustainability entails managing a business in business community. a manner that ensures that decisions made today regarding economic, environmental, and social CORPORATE SOCIAL RESPONSIBILITY (CSR) conditions will also work in the future. To engage in CSR means that, in the normal course of business, a company is operating in ways that ESG enhance society and the environment, instead of ESG is an acronym for environmental, social and contributing negatively to them. CSR is often used governance factors. CO2 emissions and energy synonymously with sustainability. consumption are examples of environmental factors, human rights and labour conditions are examples of CORPORATE COMMUNITY ENGAGEMENT (CCE) social factors, and compliance with laws and internal This term refers to the activities that a company company control mechanisms are examples of undertakes to enhance its relationships with, and governance factors. contribute to the well-being of, the communities in which it has a presence or impact. CCE often SUSTAINABLE FINANCE involves contributions to charitable organisations, Sustainable finance involves assessing ESG factors in culture and sports, or support for volunteer work.
    [Show full text]