1. ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE
The International University for Peace, Rome delegation of UniPeace-N. U., established a working group composed of representatives of different jurisdictions drawn from representatives of interest groups, academics and professionals from around the world to establish greater compatibility between the published exposure drafts, i.e., open to comment, and ongoing initiatives on the dissemination of sustainability.
As you know, the definition of standards in the field of sustainability-related financial disclosures is developing simultaneously in different parts of the world, and from our point of view, represents an opportunity to align, where possible, the requirements at the jurisdictional and international level to provide the global standard welcomed by public authorities and market participants.
Among the group’s activities are the exposure drafts on ESG issues.
The working group at the starting line covers the following topics:
• ENVIRONMENTAL RESPECT
• SOCIAL WELL-BEING
• OPTIMAL BUSINESS MANAGEMENT PROCESSES
• SOCIAL POLICIES AND INNOVATIVE SYSTEMS FOR THE REDUCTION OF POVERTY
• DIGNIFIED WORK, GENDER EQUALITY, AND REDUCTION OF INEQUALITY. SOCIAL POLICIES AND INNOVATIVE SYSTEMS FOR POVERTY REDUCTION.
Of course other subtopic groups can be opened.
The ultimate aim is to help provide a high-quality global science base of sustainability information, including an initial focus on detailed climate, social and governance (including global) requirements. This framework addresses the needs of capital market participants worldwide and can be used directly by market players on a voluntary basis or incorporated into mandatory requirements of jurisdictions.
The meetings of the working group will be held on a monthly basis via the web in public meetings.
The purpose of the Study Group is to encourage the use of theories and methodologies, even frontier ones, consistent with the Economic-Business tradition, to address the topics under study.
ESG issues can be framed within the scope of studies, among others, of corporate governance, management accounting and control, performance measurement, internal control, risk management.
The Study Group will promote the following activities:
• organize meetings, also involving national and international experts, aimed at comparing participants;
• promote seminars and conferences, also addressed to institutions and market operators;
• create volumes and scientific articles.
Composition of the “ENVIRONMENTAL, SOCIAL, AND GOVERNANCE COMMITTEE.”
Work Group Director: Prof. Enea Franza. The group is divided into the following five (5) subgroups: environmental respect, social well-being, optimal business management processes, social policies, innovative systems for poverty reduction, dignified work, gender equality, and reduction of inequality.
1. ENVIRONMENTAL RESPECT
Responsible: Bruno Grassetti, former Associate Professor of “Operations Research Applications for Economic Planning Issues” at the Faculty of Statistics – Sapienza University of Rome.
Jolanta Kubicka (Poland), PhD Adjunct, Visiting Professor, Doctor of Economic Sciences, Head of the Department of International Relations for several years.
Aikaterini-Sotiria Argyriou (Greece), PhD Candidate in International Economics (West Ukrainian National University).
Marcus Brancaglione, director of the NGO Instituto ReCivitas.
Bruna Augusto, NGO Instituto ReCivitas.
Pedro Theodoro, NGO Instituto ReCivitas.
Shobana Nelasco (India), Development Economist, teaching Graduate and Master students for 31 years, including Research students, and performing social activities through multiple organizations.
Maryna Vahabava, Doctor of Law, Italian qualified Lawyer in Private and International Commercial Law, Phd Student in Comparative Private Law, University of Teramo (Italy).
Xuhui Dong, Ph.D., Professor, Master Supervisor, School of Geographical Sciences and Remote Sensing, Guangzhou University, No. 230 West Ring Road, University Town, Guangzhou.
2. SOCIAL WELL-BEING
Responsible: Rainero Schembri, Journalist.
Francesco Da Riva Grechi, Lawyer, Lecturer at Link Campus University.
Giustino Lo Conte, M.E.F. Executive.
Catia Maietta, M.E.F. Official, Ph.D. in research from the University of Naples Federico II, and Lecturer at Unicusano and Unipace-ONU.
Paolo Patrizio, Cassation Lawyer and Lecturer at Unipace-ONU.
Paolo Iafrate, Lawyer, Lecturer at Roma Tor Vergata University and UniPace-ONU.
Emanuele Paolo Gallo, Certified Accountant.
Marzia A. Coltri, PhD, Arden University, United Kingdom.
Elena Repman, Ph.D., Researcher and Lecturer at Unicusano.
3. OPTIMAL BUSINESS MANAGEMENT PROCESSES
Responsible: Valerio Malvezzi, former Member of the Italian Parliament, member of the Finance Commission, group delegation on banking matters, and Lecturer at Link Campus University.
Michele De Gasperis, Founder and President at Istituto Italiano OBOR.
Pier Paolo Poggioni, Independent Lawyer practicing in Cassation and Higher Jurisdictions. Lecturer at Unicusano and Unipace-ONU.
Monica Peta, Certified Accountant and Auditor, Ph.D. in Business Sciences. Lecturer at Unicusano and Unipace-ONU.
Gianluca Vittorioso, Auditor and Senior Officer at Consob, Lecturer at UniCusano, Rome.
4. SOCIAL POLICIES AND INNOVATIVE SYSTEMS FOR POVERTY REDUCTION
Coordinator: Prof. Daniela Caruso, Adjunct Professor of Chinese Studies at the United Nations – International University for Peace.
Giuliano Luongo, Coordinator WCSA-South & Far East Dept.
Yavi Madurai, PhD: Director at PWA – Partner with Africa, Johannesburg.
Christopher Aloysius, PhD: CEO at LightAce Global Inc. and President of LightAce Global Foundation, Johannesburg.
5. DIGNIFIED WORK, GENDER EQUALITY, AND REDUCTION OF INEQUALITY. SOCIAL POLICIES AND INNOVATIVE SYSTEMS FOR POVERTY REDUCTION
Coordinator: Dr. Roberta Gigli, Labor Consultant.
Prof. Biagio Cacciola, Philosopher, Adjunct Professor at the University of Cassino.
Dr. Graziano Trasarti, Founder and President of ISIPM-Italian Institute of Project Management.
Prof. Riccardo Pellegrini, Lecturer and Zonal Vice President of Uci – Unione Coltivatori Italiani.
Dr. Sarina Biraghi, Journalist
2. CRYPTO ASSET ACCOUNTING TREATMENT
The International University for Peace, Rome delegation of UniPeace-N. U., established a working group composed of representatives of different jurisdictions drawn from representatives of interest groups, academics and professionals from around the world to establish greater compatibility between the published exposure drafts, i.e., open to comment, and the ongoing initiatives on the dissemination and correct understanding of virtual currencies and crypto assets.
The diffusion of cryptocurrencies poses, among other things, important questions on the tax treatment to which to subject them. Naturally, the most important international players in the sector took part in the matter. The last event to report, in chronological order, is the opinion of the IFRS Interpretations Committee in June 2019.
The IFRS has further excluded, for the IFRS, that cryptocurrencies are considered cash or financial instruments. In particular for the international non-profit organization that deals with accounting, it is considered convenient to apply IAS 2 inventories to cryptocurrencies when these are held for sale, while IAS 38 should be applied in the case of investments in Crypto Currency.
This type of assessment, in addition to not being sufficient – there is in fact no obligation to follow the guidelines drawn up by the IFRS – poses considerable problems, starting with the significant volatility of crypto assets and what follows on the annual financial statements.
Components of the “Crypto-asset accounting treatment“:
Giovanni Carlo Coppola – Coordinator, Accountant and Statutory Auditor
Paolo Luigi Burlone – Accountant and Statutory Auditor
Stefano Capaccioli – Accountant and Statutory Auditor
Mauro Finiguerra – Accountant and Statutory Auditor
Monica Concetta Peta – Accountant and Statutory Auditor
Francesco Renne – Accountant and Statutory Auditor