Master
2024/2025
ESG Accounting and Government Relations
Type:
Compulsory course (Environmental Economics and Sustainable Development)
Area of studies:
Economics
Delivered by:
Faculty of World Economy and International Affairs
When:
2 year, 1, 2 module
Mode of studies:
offline
Open to:
students of one campus
Master’s programme:
Environmental Economics and Sustainable Development
Language:
English
ECTS credits:
6
Contact hours:
32
Course Syllabus
Abstract
Collecting, analyzing, disclosing, and communicating material ESG data is the cornerstone of successful ESG strategy. The course covers three core areas (1) ESG Reporting, (2) ESG ratings and their applications, and (3) tools and practices to communicate ESG strategies and performance to the key stakeholders. The first part focuses on collecting, analyzing, and presenting ESG disclosures in accordance with the company’s materiality matrix and international standards (including GRI, CDP, SASB, etc.). The second part looks at the plethora of international and Russian ESG ratings (Sustainalytics, MSCI, EcoVadis, RobecoSam, RAEX, etc,) and their application to investor relations, responsible finance, PR, GR and other corporate purposes. The third part of the course is dedicated to ESG communications. Here the students will learn how to formulate key messages and present ESG data to different target audiences – regulatory bodies, investors, shareholders, employees, and NGOs – via an appropriate mix of channels.
Learning Objectives
- to provide theoretical overview of key methods applied to ESG accounting and reporting
- to improve students’ skills to analyze non- financial statements of a company and it's ESG reports
Expected Learning Outcomes
- recognizing the prinsiple and logic of ESG accounting development
- understanding the difference between ESG standards and frameworks
- understanding the key principles and approaches to greenhouse gas accounting
Course Contents
- Sustainability Reporting
- ESG Standards and Frameworks. Sustainable Finance
- Greenhouse gas accounting: GHG Protocol
- TCFD: Metrics and Targets
Interim Assessment
- 2024/2025 2nd module0.1 * In-class participation + 0.2 * Multiple choice test + 0.3 * Practical assignment + 0.4 * Presentation
Bibliography
Recommended Core Bibliography
- Amel-Zadeh, A., & Serafeim, G. (2017). Why and How Investors Use ESG Information: Evidence from a Global Survey.
- Bjordal, J., Storelvmo, T., & Smith Jr, A. A. (2021). Quantifying uncertainty about global and regional economic impacts of climate change.
- Carbon abatement costs and climate change finance, Cline, W. R., 2011
- ESG: три буквы, которые меняют мир, , 2022
- Greenhouse governance : addressing climate change in America, , 2010
Recommended Additional Bibliography
- Economics, accounting and the true nature of capitalism : capitalism, ecology and democracy, Richard, J., 2022