ESG and the Social Taxonomy | 29 September 2021

Romeo Effs leads this roundtable discussion as a part of intentions week, which will focus on the growing significance of the social element of ESG and will delve into practical ways in which companies can act upon it. We will bring forward the concept of social taxonomy and its role in helping companies measure their social impact and define their social objectives.

The social element of ESG is steadily gaining more attention, as regulators request disclosure on social factors and investors are looking to direct resources towards socially responsible businesses. If companies are aiming to achieve long-term and sustainable growth, it is essential that their social impact and objectives are clear.

However, the question often arises about how the Social element it is being measured and how consistent standards of reporting can be achieved, in order to avoid ‘social washing’. In our discussion, we will explore how social taxonomy can address this issue and unify the ways in which social aspects are being measured, ensuring meaningful and reliable reporting.

About Romeo

Romeo brings over 25 years’ experience as a boardroom level corporate executive and business owner to those with whom he works. He is guided by the core belief that true leaders strive to bring out the greatness that lies within both themselves and others. Romeo’s varied experience and staunch beliefs give him the unique advantage of knowing first-hand what it takes to grow professionally and develop a mind-set for success.

In addition to his current role as CEO of Lumorus, Romeo is Chair of the IBRIE Foundation, a charitable foundation that seeks to equip underserved communities in the UK, Jamaica and Ghana with tools which help them generate and use new ideas. He is also Chair of the Wandsworth Oasis (the UK’s 3rd largest HIV Charity), Trustee of the Youth Business International (founded by Prince Charles). Additionally, Romeo is Advisor to the Board of Banx for Institutions and a lecturer at London South Bank University.

Romeo holds a dual MSc in Finance, Supply Management & Trade from Cass Business School. An avid believer in continuous development, Romeo has trained as an executive coach with the Tavistock Institute and continues to deepen his understanding of organisational leadership at the Saïd Business School, University of Oxford.