Master
2023/2024
Sustainable Finance
Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type:
Elective course (Strategic Corporate Finance)
Area of studies:
Finance and Credit
Delivered by:
School of Finance
Where:
Faculty of Economic Sciences
When:
2 year, 2 module
Mode of studies:
offline
Open to:
students of all HSE University campuses
Instructors:
Artem Anilov
Master’s programme:
Strategic Corporate Finance
Language:
English
ECTS credits:
3
Contact hours:
28
Course Syllabus
Abstract
The role of financial capitals is crucial in the transition process to net-zero economy and to the achieving the Sustainable Development Goals set by United Nations. The sustainable finance concept emerged from the need to build a financial and economical vehicle towards sustainability, therefore global financial system is restructuring and transforming to the new way of doing business. This course reviews the key concepts and frameworks of sustainable finance and its role to the green economy transition. The sustainable finance course refers also to the different types of sustainable investment mechanisms at different layers at national and regional economies. It contains discussions of practical cases about sustainable issues/investment decisions by financial and non-financial firms. We discuss new sustainability-oriented financial instruments and impediments for incorporating ESG factors in traditional investment analysis.
Learning Objectives
- To understand the instruments of sustainable finance
- To understand the current trends and limitations of sustainable finance
- To understand the goals of sustainable finance
Expected Learning Outcomes
- Understand the limitations of current financial system
- Analyse the role of financial system in sustainable development
- To analyse the current state of sustainable finance
- To understand the existing frameworks for sustainable finance
- To analyze green equity financing
- To understand the opportunities and limitations of green equity
- To analyse sustainable and green bonds
- To understand the opportunities and limitations of green bonds
Course Contents
- THE IMPACT OF FINANCIAL SYSTEM ON ENVIRONMENT AND SOCIETY
- THE CHALLENGES OF REGENERATIVE ECONOMY
- GREEN EQUITY AND IMPACT INVESTING
- SUSTAINABLE DEBT AND GREEN BONDS
Interim Assessment
- 2023/2024 2nd module0.25 * Seminar 1 + 0.25 * Seminar 2 + 0.25 * Seminar 3 + 0.25 * Seminar 4
Bibliography
Recommended Core Bibliography
- Corporate social responsibility : the role of business in sustainable development, Williams, O. F., 2014
- Green business process management : towards the sustainable enterprise, , 2012
- 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).
- Никонец, О. Е., ESG-трансформация и устойчивое развитие: вызовы и возможности для экономики и бизнеса (Сборник по материалам Международной научно-практической конференции) : сборник статей / О. Е. Никонец. — Москва : Русайнс, 2022. — 248 с. — ISBN 978-5-466-00988-0. — URL: https://book.ru/book/945152 (дата обращения: 27.08.2024). — Текст : электронный.
Recommended Additional Bibliography
- An introduction to sustainable transportation : policy, planning and implementation, Schiller, P. L., 2018