Sustainable Finance

2020/2021

Учебный год

ENG

Обучение ведется на английском языке

5

Кредиты

Кто читает:

Школа финансов

Статус:

Курс по выбору

Когда читается:

2-й курс, 1, 2 модуль

Преподаватель

Иванцова Ольга Михайловна

Course Syllabus

Abstract

Responsible or sustainable investing has seen a growth in interest from investment community in recent years. Investors are trying to understand whether ESG (environmental, social and governance factors) enhances companies’ performance and investment returns as a result. Investment firms create funds that specialize in ESG and sustainability. This course reviews the key concepts and frameworks of sustainable finance and ESG, motivations behind the increased awareness of ESG by investors and the public, discussions on data materiality and approaches to incorporating ESG in the investment process. The course also contains discussions of practical cases of ESG reporting by companies and integrating ESG in the investment decision making process by investment firms. We discuss new sustainability-oriented financial instruments and impediments for incorporating ESG factors in traditional investment analysis. Ссылка на онлайн-курс: https://unccelearn.org/course/view.php?id=51&page=overview

Learning Objectives

• - Provide students with an understanding of key concepts in sustainable finance and ESG and explain the motivation to include ESG factors in the investment analysis
• - Provide students with a summary of existing frameworks that coordinate and promote ESG reporting and implementation
• - Explain the existing methods and approaches to incorporate sustainability in the investment process
• - Provide students with a list of sources of ESG information and discuss advantages and disadvantages of these sources
• - Prepare students to analyze ESG reporting by the company andintegrate ESG factors in the investment analysis

Expected Learning Outcomes

• Analyze and identify key sources of value creation for organizations in the context of sustainability and green economy.
• Identify, determine, and evaluate the impact of sustainability on different types of capitals.
• Develop understanding about the role of regulatory institutions in the context of sustainable finance.
• Prepare the assessment of the company’s sustainability profile in the process of investment decisions.
• Identify key research direction in the area of sustainable finance development.

Course Contents

• 1. Introduction to ESG & Sustainability.
  1.1. Key definitions 1.2. ESG components 1.3. Motivation to integrate ESG 1.4. ESG scandals
• 2. Frameworks & Data.
  2.1. ESG frameworks 2.2. Concept of materiality 2.3. Data sources 2.4. Variety of factors in company’s ESG profile
• 3. Methods & Approaches.
  3.1. Methods 3.2. ESG Integration framework 3.3. Cases from institutional investors of ESG integration
• 4. ESG Implementation.
  4.1. ESG products 4.2. Limitations

Assessment Elements

• Final assignment in the form of group presentation (distantly)
• Assignments in the form of group presentation

Interim Assessment

• Interim assessment (2 module)
  0.6 * Assignments in the form of group presentation + 0.4 * Final assignment in the form of group presentation (distantly)

Bibliography

Recommended Core Bibliography

• Amel-Zadeh, A., & Serafeim, G. (2017). Why and How Investors Use ESG Information: Evidence from a Global Survey.

Recommended Additional Bibliography

• MSCI ESG Research LLC. (11 C.E. 2019). MSCI ESG Research Makes MSCI ESG Ratings of Over 2,800 Companies Publicly Available. Business Wire (English).