| Competences |
| Type A | Code | Competences Specific |
| A1 | Understand the financial system: they are familiar with the institutions, the products and markets of which it consists institutional relations and the economic environment. | |
| A5 | Find, analyze and interpret quantitative and qualitative information of a financial, accounting, economic, social and legal nature that is relevant to the taking of business decisions. | |
| Type B | Code | Competences Transversal |
| B5 | Teamwork, collaboration and sharing of responsibility | |
| B6 | Clear and effective communication of information, ideas, problems and solutions in public or a specific technical field | |
| B7 | Sensitivity to environmental issues | |
| Type C | Code | Competences Nuclear |
| C4 | Be able to express themselves correctly both orally and in writing in one of the two official languages of the URV |
| Learning outcomes |
| Type A | Code | Learning outcomes |
| A1 |
Identifica i analitza els riscos inherents a una inversió tenint en compte criteris ambientals, socials i de governança (ASG) Coneix les eines i els processos per aplicar criteris de sostenibilitat en la gestió de carteres d’inversió. Coneix les diferents estratègies de gestió de carteres sostenibles | |
| A5 |
Aplica a casos concrets els principals models de sostenibilitat. Recull la informació significativa que necessita per resoldre casos concrets en temes de sostenibilitat. | |
| Type B | Code | Learning outcomes |
| B5 |
Participate actively and share information, knowledge and experience. Finish the tasks assigned to them in the time allowed and with the resources available. Take an interest in the importance of the group’s activity. | |
| B6 |
Control their nerves sufficiently to be able to express themselves in public. Structure their presentations and comply with any requirements should there be any. Analyze, appraise and respond to the questions they are asked during an oral presentation. Prepare their presentations and use a variety of presentation strategies (audiovisual support, eye contact, voice, gesture, time, etc.). | |
| B7 |
Coneix el concepte de desenvolupament sostenible Ensure that their studies and projects have social, economic and environmental dimensions. Ensure that their decisions reflect a clear awareness of the social and environmental responsibility of their profession. Understand sustainability from an interdisciplinary perspective, bearing in mind the global situation and the challenges it poses. | |
| Type C | Code | Learning outcomes |
| C4 |
Produce oral texts that are appropriate to the communicative situation. Produce written texts that are appropriate to the communicative situation |
| Contents |
| Topic | Sub-topic |
| Topic 1. Sustainable finance | 1.1. Introduction 1.2. Origin 1.3. Concept of sustainable finance 1.4. Agenda 2030 and Sustainable Development Goals (SDGs) 1.5. Evolution of the sustainable investment market 1.6. Market trends 1.6.1. Sustainability as a megatrend 1.6.2. EU Sustainable Finance Action Plan 1.6.3. European regulatory framework |
| Topic 2. Extra-financial criteria | 2.1. Introduction 2.2. Environmental, social and governance (ESG) criteria 2.2.1. Environmental indicators 2.2.2. Social indicators 2.2.3. Governance indicators 2.2.4. Relationship between ESG criteria and the SDG 2.3. Controversies 2.4. Materiality of the ESG criteria 2.4.1. Double materiality 2.4.2. ESG risk measurement 2.5. ASG rating 2.5.1. Typology 2.5.2. Data providers 2.5.3. Methodologies 2.6. Sustainability indexes 2.6.1. Integration of ESG criteria |
| Topic 3. Sustainable investment strategies | 3.1. Introduction 3.2. Taxonomy of environmental and social economic activity 3.3. Negative screening 3.3.1. Exclusion 3.3.2. Rules-based screening 3.4. Positive screening 3.4.1. Integration of ESG criteria 3.4.2. Best-in-class and best-efforts 3.5. Thematic investment 3.6. Impact investment 3.6.1. Bolsa Social 3.7. Active participation 3.7.1. engagement 3.8. Evolution and current status in the Spanish and European market |
| Topic 4. Sustainable investment products | 4.1. Introduction 4.2. SFDR regulation 4.3. Green, social or sustainable bonds 4.3.1. Definition 4.3.2. Principles of Sustainable Bonds (ICMA) 4.3.3. Eligible projects 4.3.4. European Green Bond Standard (EU GBS) 4.3.5. Evolution and current state of the green and social bond market 4.4. Sustainable investment funds 4.4.1. Definition 4.4.2. Classification 4.4.3. Evolution and current state of the market for sustainable investment funds 4.5. Investment Fund Platforms 4.6. MIFID II |
| Topic 5. Green finance | 5.1. Introduction 5.2. Concept and characteristics 5.3. Risk of climate change 5.3.1. Concept 5.3.2. Tragedy of the horizon 5.3.3. Classification of risks 5.3.3.1. Physical risk 5.3.3.2. Fiduciary risk 5.3.3.3. Transition risk |
| Planning |
| Methodologies :: Tests | ||||||||||
| Competences | (*) Class hours |
Hours outside the classroom |
(**) Total hours | |||||||
| Introductory activities |
|
2 | 0 | 2 | ||||||
| Presentations / oral communications |
|
8 | 20 | 28 | ||||||
| Lecture |
|
38 | 78 | 116 | ||||||
| Personal attention |
|
2 | 0 | 2 | ||||||
| Multiple-choice objective tests |
|
2 | 0 | 2 | ||||||
| (*) On e-learning, hours of virtual attendance of the teacher. (**) The information in the planning table is for guidance only and does not take into account the heterogeneity of the students. | ||||||||||
| Methodologies |
| Description | |
| Introductory activities | Presentació dels objectius, contingut, metodologia i avaluació de l'assignatura. |
| Presentations / oral communications | Exposició oral del/s treball/s (prèvia presentació escrita) |
| Lecture | Explicació dels conceptes teòrics de l’assignatura. També es donaran pautes per a la realització dels treballs d’avaluació continuada. |
| Personal attention | Durant l'horari d'atenció als estudiants es resoldran qüestions teòriques i pràctiques relacionades amb l'assignatura. |
| Personalized attention |
| Description |
|
Theoretical and practical questions related to the subject will be solved during the student hours. |
| Assessment |
| Methodologies | Competences | Description | Weight | |||||
| Presentations / oral communications |
|
Consisteix en la preparació i presentació de 3 treballs en grup al llarg del quadrimestre. | 50% | |||||
| Multiple-choice objective tests |
|
L'examen final de l'assignatura constarà d'un test sobre continguts teòric-pràctics. | 50% | |||||
| Others |
| Other comments and second exam session | |||
|
Important: First call The evaluation will consist of the completion of 3 assignments (in groups) that will have a weight of 50% and a final test-type exam of 50%. Second call 100% of the grade is the final exam. |
|||
| Sources of information |
| Basic |
Ramiah, V.; Gregoriou, G.N., Handbook of environmental and sustainable finance, , 2016
Ferrarini, G.; Grünewald, S.N.; Busch, D., Sustainable finance in Europe: corporate governance, financial stability and financial markets, , 2021 |
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| Complementary | |||||||||
| Recommendations |
| Subjects that it is recommended to have taken before | ||
|
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(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.