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Jonathon Hanks is a founding Partner of Incite (www.incite.co.za), a global advisory network based in South Africa that help its clients build competitiveness by delivering social value, with a primary focus on emerging markets.
Managing Partner; Incite
Definition of Responsible Investment Banking
The promotion of innovation that addresses societal challenges at scale as a business proposition. For the investment and banking sector it requires acknowledging their role in contributing to some the systemic and structural challenges within the current financial system that are undermining the attainment of socially equitable, environmentally sustainable, and financially viable long-term development.
Areas of Expertise
Corporate strategy for sustainability; integrated and sustainability reporting; global standards; climate change policy
Jonathon Hanks is a founding Partner of Incite (www.incite.co.za), a global advisory network based in South Africa that help its clients build competitiveness by delivering social value, with a primary focus on emerging markets. Incite provides strategic advisory and reporting services to many of South Africa’s leading companies. Jonathon is a member of advisory groups to the International Integrated Reporting Council (IIRC) and the South African Integrated Reporting Committee (IRC). He recently chaired an international multi-stakeholder negotiating process that developed a global standard on social responsibility (ISO 26000). He was instrumental in bringing the international Carbon Disclosure Project (www.cdproject.net) to South Africa, in partnership with the National Business Initiative. He lectures on executive programmes for the University of Cape Town, Wits and the University of Cambridge Programme for Sustainability Leadership. In addition to his corporate advisory work, he consults to organisations such as the GRI, ILO, ISO, UNEP, UNCTAD and the UNGC.
The past fifteen years has seen a proliferation of soft law standards aimed at promoting responsible business practice across most business sectors, including specifically banking and asset management. Amongst this profusion of initiatives there are arguably three global standards that cut across all sectors and that enjoy prominence amongst sustainability practitioners looking for international guidance: ISO 26000, the United Nations Global Compact, and the Global Reporting Initiative. This chapter focuses on the potential contribution that ISO 26000 can play in promoting responsible business practice in the investment banking and asset man-agement sectors. After providing a broad introduction to ISO 26000, identifying some suggested unique features that distinguish the standard from other social responsibility initiatives, the chapter reviews how ISO 26000 can and is being used to promote responsible investment practices. The chapter will argue that while these initiatives have a potentially significant role to play in promoting sustainable development, it is critical to recognise their limitations.
Details available on the Incite website: www.incite.co.za/about-us/team-network
Hobbies & Social Engagement
Kite-surfing; skiing, paragliding; photography; hiking