IC209-Sustainable Finance

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Level:5
Terms in which taught: Spring term module
Pre-requisites: IC102 Introductory Finance/Trading Simulation I
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2023/4

Module Convenor: Dr Dina Ghanma
Email: dina.ghanma@icmacentre.ac.uk

Type of module:

Summary module description:

This module covers the basics of Sustainable Finance, covering applications in financing and investment activities. The Environmental, Social and Governance factors are covered, and the relevant policies and international regulations are discussed. 

Aims:

This module introduces students to sustainability-related aspects of finance. The aim is to make students familiar with the relationship between sustainability and companies, the integration of sustainability into Finance, the international regulations, as well as financing/investing alternatives. 

Assessable learning outcomes:

By the end of the module, it is expected that students will be able to: 

• demonstrate knowledge and understanding of the basis of Sustainability and its link to companies; 


• describe the implications of Sustainability in Finance in general; 


• outline the relevant national and international regulations in this regard; 


• characterize the recent developments in ESG investing; 


• describe the implications of Sustainability for financing and investments in equity, bonds, and specifically green bonds.

Additional outcomes:

Outline content:

1. Sustainability as it relates to Corporate Entities


2. Environment, Social and Governance (ESG) issues and their rising importance.


3. Integration of Sustainability into Finance


4. Policy issues in Sustainable Finance and Government Intervention


5. Task-force for Climate-related Financial Disclosure (TCFD)


6. EU Non-financial reporting directive


7. Infrastructure Finance, structure and risk


8. Investing in sustainable equity


9. Investing in sustainable bonds


10. Climate / Green Bonds 

Brief description of teaching and learning methods:

The topics are introduced in the lectures which are then followed by seminars. 

Summative assessment- Examinations:

One written final exam of length 2 hours.

The examination for this module will require a narrowly defined time window and is likely to be held in a dedicated exam venue.

Summative assessment- Coursework and in-class tests:

1 individual project of approximately 1,500 words with submission date in week 11 of the term. 

Formative assessment methods:

Seminar questions are assigned for each class. The seminar leader will facilitate discussion and offer feedback.

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. 

Assessment requirements for a pass:

40% weighted average mark

Reassessment arrangements:

By written examination only, to be taken in August/September, as part of the overall examination arrangements for the programme.

Additional Costs (specified where applicable):

Last updated: 14 April 2023