Green Finance (intensive course)

EM023M2MB1

Program
PGE
Visitants
UE
Green Finance
Semester
B
Discipline
Finance
Contact hours
27 H
Number of spots
45
ECTS
5
Open to visitors
Yes
Language


Pedagogical contribution of the course to the program

Développer un management à impact grâce aux connaissances et aux outils les plus récents dans les domaines du management

Evaluate sustainable managerial practices using managerial concepts and instruments as well as digital tools
Design solutions adapted to organizational problems by applying relevant methodologies

Développer des compétences managériales de niveau avancé se traduisant par un leadership responsable

Recommend decision making by taking a critical approach to driving change in organizations
Effectively argue his ideas orally and in writing with a professional posture

Mettre en place un management responsable par des pratiques reflétant les valeurs d’éthique, de diversité et de développement durable

Critically assess issues related to diversity, ethics and sustainability in the context of their professional practice

Pratiquer un management à impact dans un environnement multiculturel et international, porté par un "European mindset"

Communicate in a professional context in (foreign) languages, in writing and/or orally

Description

This course provides introduction and overview of sustainable and green finance to understand the process of incorporating environmental, social, and governance (ESG) as well as climate change risk into corporate decision and investment decision. The lecture, class discussions, daily student report, a group project and presentation, and final exam will analyse recent developments in financial instruments as well as investment strategies that incorporate ESG criteria, sustainability, and the impact on climate change according to the Intergovernmental Panel for Climate Change (IPCC) and how these instruments are aligned with the United Nations Sustainable Development Goals (UNSDGs) are highlighted. This course also provides students’ hands-on experience to work on a group project and presentation analysing a company or a topic related to green finance and providing thoughtful opportunities and challenges for corporations and investing stakeholder to play significant roles in fostering actions toward protecting earth from climate change and achieving the Paris Agreement and 17 goals of the UN SDGs.

Teaching methods

Face-to-face

- Lectures

In group


- Oral presentations
- Projects

Interaction

- Discussions/debates

Others

No items in this list have been checked.

Learning objectives

Cognitive domain

Upon completion of this course, students should be able to
  • - (level 1) present the basic concepts and terminologies of sustainable finance, green finance, ESG investing, etc. and the principal reasons and factors explaining growing global responses and importance for transitioning low carbon emission economy
  • - (level 2) explain the assessment of ESG performance and reporting and justify the underlying reasons for stakeholder value maximization
  • - (level 2) illustrate the alignments between sustainable bonds and green bonds and the UN SDGs and Paris Agreement
  • - (level 2) summarize opportunities and challenges of green and sustainable finance
  • - (level 3) compute the returns (yields) from sustainable bonds and green bonds and compare them with conventional bond yields
  • - (level 4) categorize the climate and environmental risk management approaches to identify how green finance and impact (ESG) investing can address climate and environmental risks compared to the traditional approaches

Affective domain

Upon completion of this course, students should be able to
None affective domain have been associated with this course yet

Outline

I. General Introduction (3h): 1. Introduction to terminologies: sustainable finance, green finance, ESG investing, Paris Agreement (COP), UNSDGs, IPCC, TCFD, etc.; 2. Climate change and transitioning toward low carbon emission economy. II. Building Sustainable Financial Systems (6h): 1. Global policy responses for climate change; 2. Financial sector initiatives on green and sustainable finance; 3 Monitoring and measuring sustainability reporting standards III. Responsible and Sustainable Investing and Valuation (6h): 1. ESG investing; 2. Measuring performance of ESG investing; 3 Green and sustainable bonds valuations IV. Climate and Environmental Risk Management (6h): 1. Pricing climate-related and environmental risks; 2. Promoting sustainability through insurance; 3. Climate risk insurance V. Generating Ideas for Group Project (3h): 1. Opportunities and challenges of green finance; 2. How corporations, investors, and global policy responses can actively participate in transitioning toward low carbon emission economy; 3. Green banking VI. Group Project Presentation (2h) VII. Final Exam (1h)

No prerequisite has been provided

Knowledge in / Key concepts to master

Finance background (Bond Valuation and Stock Valuation, Capital Asset Pricing Model, etc.)

Teaching material

Mandatory tools for the course

No items in this list have been checked.

Documents in all formats


- Case studies/texts

Moodle platform

No items in this list have been checked.

Software

- Pack Office (Word, Excel, PowerPoint, Access)

Additional electronic platforms

No items in this list have been checked.

Recommended reading


1. THOMPSON, Simon. (2023): Green and Sustainable Finance: Principles and Practice in Banking, Investment and Insurance. Kogan Page, 2nd Edition. 2. EDMANS, Alex. (2021): Grow the Pie: How Great Companies Deliver Both Purpose and Profit. Cambridge University Press, Updated Edition.


• FRIEDE, G., BUSCH, T., BASSEN, A. (2015). ESG and Financial Performance: Aggregated Evidence from more than 2000 Empirical Studies. Journal of Sustainable Finance & Investment, Vol. 5 No. 4, pp. 210-233. • FLAMMER, C. (2021). Corporate Green Bonds. Journal of Financial Economics, Vol. 142 No. 2, pp. 499-516. • AMEL-ZADEH, A., SERAFEIM, G. (2018). Why and How Investors Use ESG Information: Evidence from the Global Survey. Financial Analysts Journal, Vol. 74 No. 2, pp. 87-103.

EM Research: Be sure to mobilize at least one resource

Textbooks, case studies, translated material, etc. can be entered
No reading material has been provided.

Assessment

List of assessment methods

Intermediate assessment / continuous assessment 1Other (date, pop quiz, etc.) : -
Written / Individual / English / Weight : 20 %
Details : Daily student report from class lecture : due every day (1 hour) - upload online
Intermediate assessment / continuous assessment 2Class no. -
Written / Group / English / Weight : 25 %
Details : Group Project Report to be handed in – due at Day 9 (last class)
Intermediate assessment / continuous assessment 3Other (date, pop quiz, etc.) : -
Oral / Group / English / Weight : 25 %
Details : Group Presentation– due at Day 9 (last class) – 2 hours =
Final evaluationOther (date, pop quiz, etc.) : -
Written / Individual / English / Weight : 30 %
Details : Written Final Exam – due at Day 9 (last class) – 1 hour =
No assessment methods have been attributed to this course yet.