ICM1003-Climate Change and Sustainable Business and Finance

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2023/4

Module Convenor: Dr Mininder Sethi
Email: m.sethi@icmacentre.ac.uk

Type of module:

Summary module description:

This module is an introduction to the main topics at the intersection of finance, business studies and climate change. The wider impacts of climate change are discussed, as well as the main risks inflicted by climate change on individuals, governments, businesses, and their financial decisions. Furthermore, the concept of corporate social responsibility is introduced, and the relevant climate change regulations are presented.

Aims:

The module aims to provide students with the ability to (i) present a well evidenced analysis of the effects and risks of climate change on individuals, governments, businesses, and financial institutions, (ii) apply techniques of climate analytics and business analytics to help understand the complex relationship between climate change, businesses, and financial decisions and (iii) understand the relevant international regulations and agreements around climate change and how these impact individuals, governments, businesses, and financial institutions.

The module places no pre-requisite of knowledge in any area of science or mathematics and is designed to be easily understood by students of any academic background. The module is ideal for students who would like to know more about the effect of climate change across individuals and institutions and potentially be part of the solution to solving these new business problems.

Assessable learning outcomes:

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

• Explain the effects of climate change on households, businesses, and governments and the importance of corporate social responsibility and sustainability.


• Explain the relationship between climate change and ESG factors and describe the main analytics used in the study of climate change.


• Explain the link between climate risk and finance and describe the challenges and opportunities faced by corporations with respect to climate change.


• Outline the latest related national and international regulations and agreements, describe the roles of governments and regulators in this regard, and highlight the effects of their implementations on businesses and financial institutions

Additional outcomes:

Outline content:

Topic 1: Climate Change and its Impact on Households, Corporations, and Governments.

Topic 2: Corporate Social Responsibility, Sustainability and ESG.

Topic 3: Link Between Climate Change and ESG.

Topic 4: Climate Analytics.

Topic 5: Creating Sustainable Businesses.

Topic 6: Finance and Climate Change.

Topic 7: Climate Change, Infrastructure, and Project Finance.

Topic 8: The Paris Agreement: What it Means for Businesses.

Topic 9: Latest Developments in Climate Change Regulations.

Topic 10: Climate Change and Financial Disclosure (TCFD, ISSB).

Global context:

The module explores global trends. International examples are used to illustrate key aspects of digital banking.

Brief description of teaching and learning methods:

• Formal lectures, in which students are strongly encouraged to ask questions.


• Seminars, in which students are encouraged to develop their analytic skills over climate and business data.


• Seminars for the discussion of climate change case studies.


• Face-to-face/Online availability for student consultation

Summative assessment- Examinations:

Summative assessment- Coursework and in-class tests:

Individual written coursework assignment (70%) to be submitted in week 2 of the spring term, the report question(s) will be issued to students by week 7 of the autumn term. The maximum word count is 3500 words.

Individual presentation/recorded video (30%) to be made on week 3 of the spring term.

Formative assessment methods:

Quizzes on lecture material which are then covered in seminars through discussion sessions.

Penalties for late submission:

As per University policy

Assessment requirements for a pass:

50% weighted average mark across assessments

Reassessment arrangements:

Written coursework assignment only.

Additional Costs (specified where applicable):

Last updated: 13 July 2023