Responsible Finance

Environmental and social responsibility has become of first order importance to companies. This course covers how corporations may become socially responsible, and how this will change the corporate financing decisions of
firms. Although the course will cover all aspects of environment, social, and governance (ESG), we will focus more on the social and governance sides. The first part of the course will cover fundamental topics related to ESG, such
as what the leading theories of social responsibility are, what the objective of corporations are and how these objectives impact financial decisions, how investors may play an important role in enforcing these objectives, and
how one may measure the social responsibility of corporations. To ensure that we cover all relevant material that is the most important to practitioners, we will cover relevant chapters in the CFA Institute's Certificate in ESG Investing curriculum.

Furthermore, the last part of the course will focus more on project and firm valuation with an ESG perspective. For instance, how would one be able to compare an ESG focused project with a non-ESG focused project? How does
ESG impact the cost of capital or the cash flows of corporations? This part of the course will cover financial models that will allow one to understand how to incorporate ESG factors in financial decisions.

The course will follow the CFA Institute's Certificate in ESG Investing curriculum and cover the Grow the Pie material to ensure students are equipped with the most up to date information on responsible finance. At the end of the course, students should have a strong background to be able to study for this new certification that will give them a cutting edge when applying for jobs related to ESG or jobs that may need some ESG background. Overall, the course will cover both leading theoretical and practical cases related to ESG and responsible finance.

Course Date & Time

Tuesdays 1900-2230 (GMT+8)