Кто читает:: Факультет мировой экономики и мировой политики

Статус:: Курс обязательный

Когда читается:: 1-й курс, 4 модуль

Abstract

Investment funds and asset managers worldwide search for innovative products that increase profitability but also create environmental and social value. This course studies finance and sustainability as integrated subjects beginning with an introduction of financial and investment principles and moving through financial analysis, financing, and valuation. The course covers diverse aspects of sustainable financial instruments, including green and social loans, KPI- and rating-based sustainability-linked loans, and green and social bonds. The course builds upon best international standards such as UNEP FI, LMA and ICMA, as well as Russian national taxonomy of green and social projects eligible for sustainable financing. It also looks at sustainable investment practices and tools from negative screening to active ownership. The importance of non-financial information disclosure is also highlighted in this course.

Learning Objectives

introduce the students to core concepts and methodological tools that lay the foundation of green and sustainable finance

Expected Learning Outcomes

define sustainable FinTech business or “green business”
know the ESG principles in Russian Banking
consider the basic principles principles for responsible Investing and for positive impact finance
consider ESG investing strategies
consider the impact of climate risks on the financial sector
learn how to manage ESG risks
conduct ESG assessment of corporate clients
understand the corporate governance structure
determine challenges for implementing ESG principles
learn types of labelled instruments: use of proceeds and KPI-linked
learn how to manage of proceeds
learn how to bring value of ESG investing to individual clients
analyze Russian ESG bond market
analyze international Bond market

Course Contents

Sustainable Fintech
ESG Risk management
ESG in Retail Banking
ESG assessment of corporate clients
ESG-Banking: Organisation and products
Responsible Loan instruments
Bringing Value of ESG investing to individual clients
Sustainable Capital Market Instruments
Sustainable capital market

Assessment Elements

Project
Quiz

Interim Assessment

2023/2024 4th module
0.5 * Project + 0.5 * Quiz

Bibliography

Recommended Core Bibliography

An introduction to sustainable development, Elliott, J. A., 2013
Climate change and sustainable development : global perspective, , 2017
Corporate governance, Mallin, C.A., 2016
Dirk Schoenmaker, & Willem Schramade. (2019). Principles of Sustainable Finance: Vol. First edition. OUP Oxford.
Dirk Schoenmaker, & Willem Schramade. (2019). Principles of Sustainable Finance: Vol. First edition. OUP Oxford.
Environmental business management : sustainable development in the new millennium, Hutchinson, A., 1997
Green business : an A-to-Z guide, , 2011
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).
Sarkar, Runa, and Anup Sinha. Economics of Sustainable Development, Business Expert Press, 2016. ProQuest Ebook Central, https://ebookcentral.proquest.com/lib/hselibrary-ebooks/detail.action?docID=5184983
Victor I. Danilov-Danilyan, N. A. P. (2018). New Challenges in Sustainable Development for Russia and the World. [S.l.]: Cambridge Scholars Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1856846

Recommended Additional Bibliography

An introduction to sustainable development, Elliott, J. A., 2006
Green business process management : towards the sustainable enterprise, , 2012
Wolke, T. (2017). Risk Management. München: De Gruyter Oldenbourg. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1630319

Магистерская программа «Экономика окружающей среды и устойчивое развитие»

Green and Sustainable Finance

Course Syllabus