Master
2024/2025
Sustainable Finance
Type:
Elective course (Finance)
Area of studies:
Finance and Credit
Delivered by:
Department of Finance
When:
1 year, 4 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Olga Makarova
Master’s programme:
Finance
Language:
English
ECTS credits:
3
Course Syllabus
Abstract
Existing economic models were developed in the age of resources abundance, when natural resources were plenty and carbon emissions were limited. As per social and human problems, they were mainly addressed to the state institutions. New age readdresses environmental and social challenges back to business community that need to take responsibility not just for capital increase, but for the long-term business resilience where the value created considered to be a value for society a s a whole, including non-financial stakeholders. Financial theory does not account impact in firm valuation and mainly focuses on cash flows. These models are still widely used, but no longer tenable. Sustainable development is an integrated concept with three aspects in focus: environmental, social and governance. Sustainable finance looks at how finance (investing and lending) interacts with economic, social, and environmental issues. This course is aimed on learning the principles of Sustainable finance based on ESG agenda and their application in taking financial decisions at different levels – from corporate to individual decision-makers. During the course stusents will study practical cases and fulfill real-life assignments.