|SCIENTIFIC DISCIPLINARY SECTOR||SECS-P/11|
After the global financial crisis, the attention on sustainability in financial markets has grown among financial regulators, researchers, and investors worldwide. As a consequence, sustainable finance became one of the most important topics in the business industry, which rapidly recognized its importance to achieve long-term value creation for firms and stakeholders. This course is aimed at providing useful tools to understand sustainable finance dynamics, impacts, and developments for financial markets and institutions, by combining a theoretical and practical approach for students.
The present program aims to investigate the role that financial system can play in addressing economic systems towards a higher degree of climate (and not only climate) sustainability. Using theoretical model, case studies and experts’ contribution it wants to develop the topics labeled as sustainable finance. More in details, moving from the normative framework developed by the “EU sustainable finance action plan” this program will deal with the methods and instruments and useful to guide capital flows towards sustainable investments ; the metrics and process necessary to integrate sustainability factors into risk management and finally the policy necessary to enhance sustainability transparency ( for example EU Taxonomy) and to redirect corporate governance towards stakeholder capitalism systems
The course on Sustainabel Finance provides training combining economic, financial and managerial theories with the recent development on the topic. Particular emphasis is given to the acquisition of practical tools to integrate environmental and social information within the classical firms' financial analysis process evaluation.
The course is taught in English and will cover the following topics:
1) Corporate finance and banking
2) Financial markets and institutions
3) Fixed income instruments
4) Financial portfolio analysis
5) Environmental, Social, and Governance issues
6) Financial regulation
Financial markets and institutions, corporate finance, statistics (entry level).
However, based on the class composition, it will be possible to adapt the program trying to fill the gap among students.
Frontal lessons, case studies, team working groups
Total: 48 hours, 6 cfu, 24 lessons.
Team working phase
LIANG, H. and RENNEBOOG, L. (2017), On the Foundations of Corporate Social Responsibility. The Journal of Finance, 72: 853-910. https://doi.org/10.1111/jofi.12487
Grow the Pie, how great companies deliver both purpose and profit. Alex Edmans.
The first lesson will be the 20 of september 2022.
All class schedules are posted on the EasyAcademy portal.
For attending students : written exam composed by multiple choice questions and open-ended questions (50%) + 50% team working project.
For non-attending students : written exam composed by multiple choice questions and open-ended questions (100%)
For attending students (valid until march 2023): Class material (available on aulaweb) + team working
For non-attending students: Class material + additional readings (available on aulaweb).