5.00 credits
30.0 h
Q1
Teacher(s)
Platten Isabelle; Vrins Frédéric;
Language
French
Main themes
The objective of the course is to discuss the transformations of the conventional financial approach necessary for the sustainable development of the economy. Different topics will be addressed, among others:
- The EU regulatory framework (EU taxonomy, climate benchmark disclosure, MIFID, CSRD,...)
- The ESG ecosystem (RIS, initiatives, regulation, reporting, rating agencies, ...)
- The construction of ESG indices/scores and the ESG investment market and the non-financial reporting of companies
- Energy issues and the transition to net zero; the role of carbon pricing: tax, market, compensation
- Sustainable investment, pricing of externalities and the transformation of production methods
- Financing the transition (Green Bonds, Sustainable Bonds, Sustainability linked bonds: typology, performance, risk premium)
Learning outcomes
At the end of this learning unit, the student is able to : | |
| 1 | With regard to the LSM Competency framework at the Master level, this learning unit contributes to the development of the following capabilities:
At the end of the course, students will be able to :
|
Content
Introduction
Antagonism between the real needs for transition and the profitability of the necessary investments
Public debt
Part 1: Energy issues and the transition to the Net Zero
Regulatory aspects
Carbon footprint of companies
Pricing of externalities
Carbon market: quotas vs. taxes
Part 2: Financing the transition
EU taxonomy
Players (rating agencies, asset managers, banks, investors, insurers)
ESG scoring & rating systems (inclusion in investment)
Financial instruments (green bonds, greeniums, etc)
Risk management (interest rate risk) & securitization
Antagonism between the real needs for transition and the profitability of the necessary investments
Public debt
Part 1: Energy issues and the transition to the Net Zero
Regulatory aspects
Carbon footprint of companies
Pricing of externalities
Carbon market: quotas vs. taxes
Part 2: Financing the transition
EU taxonomy
Players (rating agencies, asset managers, banks, investors, insurers)
ESG scoring & rating systems (inclusion in investment)
Financial instruments (green bonds, greeniums, etc)
Risk management (interest rate risk) & securitization
Teaching methods
- Lectures
Readings and discussions
Case studies
Evaluation methods
- Final written exam (during the exam session)
Other information
Important note about plagiarism and the use of generative AI
By submitting an assignment for evaluation, you assert that:
By submitting an assignment for evaluation, you assert that:
- it accurately reflects the facts and to do so you need to have verified the facts, especially if they originate from generative AI resources;
- all your sources that go beyond common knowledge are suitably attributed. Common knowledge is what a knowledgeable reader can assess without requiring confirmation from a separate source;
- you have respected all specific requirements of your assigned work, in particular requirements for transparency and documentation of process, or have explained yourself where this was not possible.
Online resources
Moodle
Faculty or entity
CLSM
Programmes / formations proposant cette unité d'enseignement (UE)
Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Master [120] in Management
Master [60] in Management
Master [120] in Business Management
Master [120] : Business Engineering
Master [120] in Management
Master [120] : Business Engineering
Master [120] in Management (with work-linked-training)