Investor Relations and ESG Reporting in a Regulatory Perspective is a comprehensive and detailed practical guide for financial market participants, focusing on the stock market, written for practitioners by practitioners. The main themes of the book include the challenging integration of investor relations (IR) and the non-financial reporting of environmental, social and governance (ESG). Further, the book provides a comprehensive overview of the complex regulatory framework of the European Union (EU) related to the financial markets, including the expected global trends in this area. This includes financial legislation such as MiFID II, MiFIR and MAR along with non-financial legislation like the EU's taxonomy, CSRD and SFDR. In addition, this book explores the non-financial reporting standards of GRI, TCFD, CDSB, IBC, SASB, IRRC and the upcoming ISSB, and discusses the UN's Sustainable Development Goals (SDGs). In addition, the book provides a practical guide regarding IR inspecial situations, e. g. in connection with takeover response manuals, M&A, investor activism, initial public offerings (IPOs), as well companies' collaboration with e. g. investment banks and corporate finance advisers, financial PR and IR advisers in such situations. The suggested audience of the book includes board members and senior management of in particular listed companies, and companies considering an IPO; professionals working in the fields of IR, ESG and communications; institutional and retail investors; private equity executives; venture capitalists; investment bankers; legal practitioners; accountants and auditors; financial journalists; and politicians. Finally, university and business students may benefit from an insight into the dynamics of the financial markets and the direction they are moving, a possible inspiration for choosing a future career.
Inhaltsverzeichnis
Introduction. - Section 1: The financial markets: An overview. - Chapter 1. 1: The benefits and drawbacks of a stock market listing. - Chapter 1. 2: The formation of stock prices. - Chapter 1. 3: Ethics in the financial markets why a solid IR framework is key. - Chapter 1. 4: Understanding valuation methodology of the financial markets. - Chapter 1. 5: Integrating ESG in equity research. - Chapter 1. 6: Valuation methodology from the perspective of different investor types. - Section 2: The participants of the financial markets. - Chapter 2. 1: Understanding the financial markets' stakeholders and their motivation. - Chapter 2. 2: Understanding the role of institutional investors. - Chapter 2. 3: How to communicate with retail investors. - Chapter 2. 4: The sell-side/equity analysts, brokers and corporate access. - Chapter 2. 5: Corporate finance advisers. - Chapter 2. 6: Considering the role of non-financial markets stakeholders. - Section 3: Major legislation themes related to the European financial markets. - Chapter 3. 1: How is legislation implemented on the European financial markets? . - Chapter 3. 2: Learning from the impact on financial markets of recent legislation. - Chapter 3. 3: How to optimise IR within the existing legal framework. - Chapter 3. 4: The new wave of ESG regulatory framework. - Section 4: Achieving a fair valuation of the company through best-practice IR. - Chapter 4. 1: The IR function. - Chapter 4. 2: Deciding on IR ambitions and its success factors. - Chapter 4. 3: IR within the organisation. - Chapter 4. 4: IR s responsibilities of implementing policies and planning ahead. - Chapter 4. 5: IR tools to engage a company s stakeholders. - Chapter 4. 6: Managing the expectation of the financial community. - Chapter 4. 7: Embracing the digital world of IR activities. - Section 5: IR in special situations. - Chapter 5. 1: Preparation of difference types of IR-related contingencies. - Chapter 5. 2: Developing a take-over response manual. - Chapter 5. 3: Valuation in a takeover situation and strategic alternatives. - Chapter 5. 4: Shareholder engagement and monitoring market activity. - Chapter 5. 5: Investor activism. - Chapter 5. 6: The company before, during and after an IPO. - Section 6 Embracing non-financial/ESG reporting. - Chapter 6. 1: The origin of ESG. - Chapter 6. 2 Stakeholder capitalism and sustainable leadership. - Chapter 6. 3 Institutional investors are embracing ESG strategies. - Chapter 6. 4 Consideration sustainable finance disclosure regulation (SFDR). - Section 7 The framework of best-in-class non-financial reporting. - Chapter 7. 1. Implementing taxonomy. - Chapter 7. 2. Implementing non-financial reporting standards. - Section 8 Preparing the company s first ESG report. - Chapter 8. 1. For the first non-financial report: a checklist to get into gear. - Chapter 8. 2. The importance of mobilising ESG with incentives. - Section 9 Aiming for best-in-class ESG reporting. - Chapter 9. 1: Taking already implemented non-financial reports a step further. - Chapter 9. 2: Encompassing ESG rating agencies. - Section 10 Future trends of financial and non-financial reporting. - Chapter 10. 1: Best-practice IR is about being at the forefront. - Chapter 10. 2: Is the next decade scary or exciting? . - Postscript. - Summary of facts and best practice. - Overview of Nasdaq s ESG reporting guidelines.
