Courses
FINE3027 ESG and Business (3 units)
- Prerequisite:
- ECON1005 Principles of Economics I, ECON1006 Principles of Economics II, FINE2005 Financial Management or equivalent
Sustainability has gained significant importance in today's corporate environment. Managers are increasingly aware that sustainability influences both the risk and reward profiles of their organisations. Moreover, regulatory bodies are introducing more frequent sustainability-related mandates. Consequently, businesses are facing mounting pressure to incorporate sustainability into their decision-making processes. This course is designed to introduce students to sustainability, offering insights into the diverse challenges it poses to business operations and how companies are handling these issues. The course will first explain the underlying causes of various sustainability challenges and the economic logic behind initiatives aimed at addressing them. Subsequently, it will explore the role of sustainable finance and governance in addressing these sustainable issues. In particular, sustainable finance examines the impact of sustainability on investment risk and return, the array of financial tools, metrics, and services linked to sustainability, and the integration of sustainability into financial decision-making. Meanwhile, sustainability governance focuses on how company can adopt a coherent approach to sustainability matters through robust corporate culture and governance restructuring, material an impact assessments, risk management, and reporting their performance in a decision-relevant manner.