Master
2022/2023
Responsible Business and Sustainable Development
Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Type:
Compulsory course (Science, Technology and Innovation Management and Policy)
Area of studies:
Management
Delivered by:
Department of Educational Programmes
When:
1 year, 1 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Ekaterina A. Makarova
Master’s programme:
Governance of Science, Technology and Innovation
Language:
English
ECTS credits:
3
Contact hours:
32
Course Syllabus
Abstract
Profit is the main goal of commercial firms while all other issues seem to be on the second place. However, the phenomenon of responsibility (social and environmental) became one of the most important pillars of business strategies nowadays. And nowadays responsibility shifts from desirable advantage to necessary requirement to companies that try to be successful. The course provides an overview of an ESG and Sustainability framework and how it is integrated in a company’s business processes It examines each component (Environmental, Social and Governance) in detail, and provides an analysis of the way sustainability issues influence companies’ value, brand and financial results
Learning Objectives
- to provide students with understanding of environmental and social issues impact on business and economy
- to improve students’ skills to analyze nonfinancial reports of a company and to determine ESG-related factors influencing it's price
Expected Learning Outcomes
- examine applied measures in ESG area and analyse its' efficiency
- define key elements of business responsibility, ESG and SDGs approaches
- analyse and interpret sustainabitily statements of companies
- elaborate recommendations to companies that allows to increase responsibility and reach financial sustainabitility
- identify measures related to ESG-strategy that influence companies' value and financial statement
- describe evolution of corporate responsibility concept
Course Contents
- Corporate Responsibility, Sustainable Development and ESG: key issues and Evolution of the Concept. Economic Externalities
- Green Transformation of the Global Economy
- SDGs as Pillars for Corporate Sustainability Strategies
- Corporate Responsibility and Company’s Value: Linkages and Interconnections. Reputational Risk and Green Lobbying
Bibliography
Recommended Core Bibliography
- McWilliams, A., & Siegel, D. (2001). Corporate Social Responsibility: A Theory of the Firm Perspective. Academy of Management Review, 26(1), 117–127. https://doi.org/10.5465/AMR.2001.4011987
- Strategies for the green economy : opportunities and challenges in the new world of business, Makower, J., 2009
Recommended Additional Bibliography
- Rasul, G. (2016). Managing the food, water, and energy nexus for achieving the Sustainable Development Goals in South Asia. Environmental Development ; Volume 18, Page 14-25 ; ISSN 2211-4645. https://doi.org/10.1016/j.envdev.2015.12.001