Sustainable Finance (5 cr)

Objective

Upon completion, the student understands the role that finance can play in driving or thwarting sustainable development, is familiar the sustainable financial products being offered, knows how climate risk is priced, and has gained an understanding of the emerging sustainability reporting requirements.

Content

Externalities
Sustainability reporting
CSR/ESG ratings
Sustainable investing strategies
Green bonds
Social impact bonds
Performance of socially responsible firms
Firm valuation
Role of markets in driving sustainable outcomes

Location and time

One meeting per week for three hours. See OMA calendar for details.

Materials

Schoenmaker, D., & Schramade, W. (2019). Principles of Sustainable Finance. Oxford University Press.

Teaching methods

The course sessions will combine lectures, discussions, cases, exercises, and other activities. Students will be encouraged to contribute to the course sessions with anecdotes, experiences, comments, questions, etc.

Teaching will take place in person on the Myyrmäki campus.

Exam schedules

Assessment will be based on a series of projects related to different elements of Sustainable Finance. No exam will be given.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply their knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply their knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.

Assessment criteria, approved/failed

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment methods and criteria

Assessment will be based on a series of projects related to different elements of Sustainable Finance.

Qualifications

At least one course on financial markets, such as the first year “Finance” course

Further information

Students are evaluated based on a series of applied projects, case studies, and reports