This course introduces the fundamental concepts and applications of carbon accounting and sustainability reporting, which are essential components of effective sustainability management and sustainability investing. The course will cover the frameworks and standards used for measuring and reporting on environmental impact, including the Greenhouse Gas Protocol and the IFRS Sustainability-related Disclosures Standard. Students will have the opportunity to develop their skills in conducting a carbon footprint analysis for a business, including calculating greenhouse gas emissions. They will also develop an understanding of the role of sustainability reporting in communicating a company’s environmental performance to stakeholders.
With the growing need to address societal issues, government and governmental agencies are no longer the main sources of solutions for these issues. Involvement from the private sector is a crucial component in the success of tackling society’s most pressing issues. Indeed, organizations and projects that champion activities to address societal issues are experiencing rapid growth around the globe. With this growth comes the increased need for funding assistance from various sources, including the government and private sector funders. The good news is that more and more private sector funders are striving to fund projects that deliver direct positive social and environmental impacts. This can be seen in a growing trend of social investments with a dual focus on both creating positive societal impacts and generating financial returns.
However, with so many social and environmental issues that need to be addressed and so much funding being funneled into projects that create positive impacts, impact organizations seeking funding are under more pressure to show their effectiveness in delivering the promised impacts. Moreover, with many projects to choose from, funders are also expected to perform stringent impact evaluations to fulfill their fiduciary duty.
This course looks at impact investments as one of the credible solutions to address critical social and environmental issues. Throughout the semester, the class will examine the role of impact investing in addressing societal issues, the motivation driving impact investors, how to properly evaluate impact, and a broad examination of the types of financing available for impact projects. The underlying theme of this module is identifying investment opportunities that can create sustainable solutions to tackle society’s most pressing issues.
This course aims to provide integrated perspectives on the topic of sustainable investment in the domain field of finance. Specifically, the course will cover the value implications of sustainability practices adopted by firms and those demanded by investors and financial institutions. Regulators, service providers and other stakeholders are also part of the ecosystem. Various financial valuation and investment tools and methodologies are modified and adapted for use.
This course will be structured around the theme of sustainable household financial decision making. Specifically, Sustainable Household Finance studies (1) how households make decisions relating to the consumption of utilities and how do households respond to environmental factors like pollution; (2) how are household impacted by social sustainability issues like gender inequality, wage inequality, intergenerational mobility, (3) how institutions provide goods and services to satisfy these financial functions of households like consumption, savings, investments, housing and payments; and (4) how interventions by firms, governments and other parties affect the services to households. The scope spans from finance, economics, industrial organization, laws, psychology, and sociology. These different functions show that the scope of household sustainability spans multiple disciplines, embracing not just finance and economics but also environment (carbon emission, carbon trading), food (choosing to eat beef versus lentils) transportation (owing a car versus taking public transport), industrial organization (eg. automatic enrolment in workplace savings plan), law (eg. regulations of retail financial transactions), psychology (eg. decisions affected by framing and cognitive biases), and sociology (eg. decisions shaped by social networks).
A better understanding of household behaviour when it comes to their interaction with the financial markets and the real economy. This can help to improve their investment decision, impact their consumption decisions, have a impact on their health and sustainability of the planet.
Sustainability factors are becoming more influential for the financial returns and long-term value creation of a corporate. The environment, social and governance (ESG) risks must be properly managed by various stakeholders such as corporate, suppliers, customers, investors, governments, and regulatory bodies.
This course aims to provide the comprehensive understanding on the sources of the risks as well as financial tools, theoretical principles, and various risk management frameworks to be employed to manage various risks, such as climate change, natural and energy disaster, corporate crisis, human error crisis, and technology related crisis.
We will summarize on how to make a company sustainable by looking internal factors and methods in addition to climate changes and other external factors. Asian-based case studies are included.
This course endeavors to acquaint participants with fundamental concepts in cost/resource planning and profit optimization, aiming to enhance efficiency and risk management within companies. Simultaneously, it provides students with a holistic understanding of sustainability within supply chain management. Throughout the course, we will explore the integration of widely-utilized optimization methods from finance, operations, and marketing, and their application to environmental sustainability, waste reduction, and supply chain resilience. By bridging these optimization techniques with sustainability principles, students will gain insights into how businesses can achieve improved efficiency, increased profitability, and positive environmental impact. Emphasizing the significance of integrating sustainability into supply chain operations, the course highlights the potential to minimize environmental footprints, reduce waste, bolster resilience, and foster long-term value for both businesses and society. Through comprehensive discussions, students will acquire the knowledge and skills needed to navigate the intricate interplay between operational optimization and sustainable practices, ensuring a balanced and forward-thinking approach to business management.