This comprehensive programme has been developed to enable participants to build a full, practical understanding of the environmental, social and governance (ESG) issues and risk factors and the principal economic, financial, and regulatory implications of ESG and sustainability. The programme fully covers the dimensions of environmental –including climate change as well as localised pollution– social and governance risk factors in addition to the principal themes underlying sustainability such as natural capital and circular economies.
At the end of the training program, the participant should be able to:
1 1. The scope of ESG
1 1. ESG factors as a “risk lens” in finance 2. Imperatives for action: global warming targets and unsustainable business models 3. Overview of the principal standards and international bodies and their objectives 4. Implications for financial institut
1 1. Overview: the roles of the UN in ESG
1 1. Background to the formation of GFANZ 2. Objectives of principal constituent organisations 1.1 Net-Zero Banking Alliance 1.2 Net-Zero Asset Managers initiative 1.3 Net-Zero Insurance Alliance (NZIA 2. Implications for financial institution members
1 1. Overview 2. Role of the Financial Stability Board (FSB) 3. Objectives of the Task force for Climate-related Financial Disclosures (TCFD) 4. The four pillars of TCFD 1.1 Governance 1.2 Strategy 1.3 Risk Management 1.4 Metrics
1 1. Purpose of taxonomies 1.1 Determination of sustainability-positive activities 1.2 Sector-specific definitions 2. EU taxonomy 3. Other taxonomies 2.1 Common Ground Taxonomy 2.2 Social Taxonomies 3. Use in finance for Green Bonds, Sustainability-lin
1 1. Overview 1.1 Objectives of IFRS’ International Sustainability Standards Board (ISSB) 1.2 Relationship to TCFD 1.3 Basis in Sustainability Accounting Standards Board (SASB) standards2. ISSB Sustainability Disclosure standards 1.4 General Requiremen
1 1. Air: principal pollutants including CO, NOx, SOx, Pb, Ozone, VOC
1 1. Overview of Natural Capital 1.1 Key concepts 1.2 The economics of Natural Capital 2. Biodiversity loss and impact 3. Deforestation 4. Fluvial systems impacted by sand mining 5. Nature-based solutions to environmental issues
1 1. Overview: key environmental challenges surrounding waste management 2. The realities of recycling processes and business models 3. Impact of the principal disposal methods 3.1 Incineration 3.2 Landfill
1 1. The problem with “linear” business models 2. Transition requirements of real economies to more sustainable business models
1 1. Markets, including the decommoditisation of agriculture 2. Supply chains3. Circular economies 4. The Built Environment 5. Electrification of transportation and other sectors
1 1. Social impact cf. Milieudefensie vs Royal Dutch Shell and duty of care in the Netherlands 2. Greenwashing and relationship to taxonomies
1 1. Background 1.1 Climate change science
1 1. The Paris Agreement at COP21 in 2015: targets, commitments
1 1. Identifying Transmission Mechanisms: from climate risk to business
1 1. Carbon markets, including EU “cap
1 1. Physical Climate 1.1 Climate-related events 1.2 Chronic issues caused by global warming 1.3 Implications across financial sectors 1.3.1 Banking 1.3.2 Investment management 1.3.3 Insurance
1 1. Fossil fuels 2. Renewable energy sources 3. Electrification
1 1. Overview: “hard to abate” industrial sectors and outlook for new technologies 2. Case studies from key sectors 2.1 Construction
1 1. Overview: scope of Social issues in finance1. Overview: scope of Social issues in finance 2. Social factors enshrined within the UN SDG framework
1 1. Issues with measurement and pricing 2. Social Impact Assessment techniques
1 1. Overview: what constitutes “good governance”? 2. Organisational structure 3. Board composition
1 1. Identification of key risk sources
1 1. Wells Fargo 2. Barclays 3. Abraaj 4. Enron
1 1. Introduction 1.1 Key markets 1.1.1 Green bonds
1 1. Green and Sustainability-linked instruments 1.1 Bank loans 1.2 Bond structures 2. Transition finance 2.1 Economic requirements for Transition Finance 2.2 Key issues, including “lock-in” risk (e.g. Natural Gas) 3. Green infrastructure Project Finan
1 1. ESG investment products 1.1 Security selection techniques 1.2 Portfolio management of ESG-positive funds 2. Insurance products 2.1 Impact of increased extreme weather events on insurance
1 1. Overview: sustainability agenda and objectives of regulators 2. Taxonomies: establishing clear definitions 3. Implementation challenges 3.1 Linking taxonomy definitions to disclosures 3.2 Monitoring
1 1. Increasing prominence of project finance vis-à-vis corporate finance 2. Evolution of banking
1 1. Local environmental
1 1. BP
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Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
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