ETHICAL AND SUSTAINABLE FINANCE

Single discipline educational activity

Course Sheet

Course code:

FES19

Academic Year of enrolment:

2020

Year of supply:

2021/2022

Type of Course:

Elective Course

Degree:

Course of 1st Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Economics of Financial Intermediaries

Language:

Italian

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

CHIAPPINI HELEN

Cycle:

Second semester

Hours of classroom activity:

Individual study hours:

102

Prerequisites:

Although no prerequisites are required, knowledge of the basic concepts of business administration

Objectives

The course contributes to the main objective of the bachelor degree in “Economics and Management” of providing a solid background in firms management, including financial firms. Specifically, the course contributes to build up a rigorous background in sustainability practices of financial intermediaries and markets, with particular focus on demand and supply, financial intermediaries, products, markets, regulation and social-environmental impact.
The specific objectives of the Ethical and Sustainable Finance course relates to:
A. KNOWLEDGE AND UNDERSTANDING ABILITY
At the end of the course students should:
• distinguish the main figures of ethical, sustainable finance and of related concepts, such as responsible finance, impact investing, green finance and blended finance;
• distinguish needs, characteristics, and roles of demand-side and supply-side organizations;
• distinguish different financial instruments and markets related to sustainable finance;
• define the main regulations on sustainable finance;
• define and distinguish the main instrument of impact measurement.

B. KNOWDLEGE AND APPLIED UNDERSTANDING ABILITY
At the end of the course students should:
• understand figures of a sustainable finance product reading a key information document (KID)
• apply knowledge on sustainable finance products, instruments and architecture to practical cases, selecting for any case the best product on the basis of product risk, return and expected impact measurement.

C. AUTONOMY OF JUDGMENT:
At the end of the course students should:
• critically evaluate a key information document and factsheet of sustainable finance products on the basis of risk, return, social and environmental impact;
• critically discuss the current state of art of sustainable finance market (demand, supply, actors, products, regulation, impact measurement).
D. COMMUNICATION ABILITY
At the end of the course students should:
• express with technical and appropriate language analytical considerations on relevant aspects concerning ethical and sustainable finance, also doing interdisciplinary linkage.
D. ABILITY TO LEARN
At the end of the course students should:
• perform individual and join research on specific sustainability topics;
• compare the knowledge acquired with general orientation on sustainable finance

Contents

The course is structured in seven modules:
1. Overview
2. Demand and supply of sustainable finance
3. Financial products, instruments and architectures
4. Financial markets
5. Regulation on sustainable finance
6. ESG and climate risk
7. Measurement of social and environmental impact

Extended Syllabus

Recommended Bibliography

- Biggeri, Ferri, Ielasi (2021). Finanza Etica. Il Mulino.

- Trotta (2020). La finanza per l’impatto. Analisi di una possibile rivoluzione. Libreria Universitaria.

-Other materials distrbuted through the e-learning platform.

Methods of Provision

Conventional

Teaching Methods

The course adopt several different teaching methods:
- lectures;
- reading and comments of newspapers, scientific articles, and reports developed by high standing international organizations;
- comments of short videos and interview;
- seminars by experts;
- national and international case study analyses of ethical and sustainable products, intermediaries;
- project works.

Evaluation methods

Verification of learning:

The evaluation of the level of student
learning will be carried out by an oral exam
(vote in thirtieths). It aims at evaluating on
one hand the communicative skills, the
technical language and the expository clarity,
on the other the knowledge and
competences covered by the formative
objectives to be assessed.

At the request of the students, written exams
can be carried out in itinere according to
“L’Ascolto” model. In this case, each test will
consist of 30 questions (multiple choice),
including some exercises, aimed at verifying
the understanding of the theoretical and
application topics covered in the course. If
each test will be passed (with a score of at
least 18/30), the students can also take the
oral exam to improve her/his grade.

Finally, it will be possible to organize working groups that, at the end of the course, will present a case study drawn from the banking/financial landscape. Following the assessment of project work, a maximum score of 3/30 can be assigned.

Contacts/More Information

All information regarding the course, the lecture notes, support materials and exercises and all communications will take place through the e-learning page
http://elearning.unich.it/

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree