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LEARNING OUTCOMES

Understand how sustainable finance differs from traditional finance and how sustainable finance can affect asset pricing, corporate decisions, and sustainability goals.

Credits: 6

Schedule: 22.10.2024 - 03.12.2024

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Erkki Vihriälä

Contact information for the course (applies in this implementation):

Erkki Vihriälä, erkki.vihriala@aalto.fi

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

• valid for whole curriculum period:

  The course provides an up-to-date overview of the field of sustainable finance to students with no prior expertise on the topic. The covered topics can include but are not necessarily limited to (i) the aims of sustainable finance, (ii) the role of different actors in sustainable finance (companies, investors, regulators), (iii) evidence on the effects of sustainable finance, (iv) potential pitfalls of sustainable finance.

• applies in this implementation

  Twelve lectures (à 1h45min) and assignments.

  Lectures:

  1. Introduction
  2. Investor valuation of sustainability
  3. Corporate sustainability
  4. Sustainable investing styles and data
  5. Sustainable investing and risk-adjusted returns
  6. Sustainable finance and real outcomes
  7. Sustainable finance outside equities
  8. Climate finance
  9. Sustainable household finance
  10. TBA
  11. Regulation of sustainable finance
  12. Course recap and Q&A

  Changes to the course content are possible during the course -- please check the up-to-date version of the syllabus on My Courses.
  

Assessment Methods and Criteria

• valid for whole curriculum period:

  Exam (50%) and Assignments (50%)

• applies in this implementation

  • 50 % Final exam
  • 25 % Company sustainability analysis (group work)
    • Structure communicated separately on My Courses
  • 15 % Data assignment (individual work)
    • Available on My Courses after lecture “Sustainable investing styles and data”
  • 5 % Midterm quiz
  • 4 % Lecture participation
    • Quantity and quality matter
    • Use My courses submission box to record contributions
  • 1 % Answering course feedback

Workload

• valid for whole curriculum period:

  Contact teaching, assignments, exam

• applies in this implementation

  Contact teaching 21h

  Independent study 138h

  Exam 3h 

DETAILS

Study Material

• valid for whole curriculum period:

  Materials provided during the course

• applies in this implementation

  The course materials include lecture slides and a reading list of academic articles and reports (separately provided in My Courses).

  The course does not have a textbook.

  
  

Substitutes for Courses

• valid for whole curriculum period:

  Substitutes for Courses

Prerequisites

• valid for whole curriculum period:

  Prerequisites

FURTHER INFORMATION

Further Information

• valid for whole curriculum period:

  Teaching Language: English

  Enrollment:

  Students at Aalto Finance M.Sc. programme (i.e. who have graduated as B.Sc.) will be guaranteed a seat on Finance M.Sc. courses. Students re-taking the course (grade already registered) will not be prioritized and can participate only if there are places remaining.

  Remaining seats are prioritized as follows:

  1. Finance M.Sc. exchange students from other universities

  2. Aalto Finance B.Sc. students with a finished B.Sc. thesis (registered in transcript of records)

  3. All other M.Sc. students at the School of Business.
  

  
  Please carefully follow the registration deadlines of the courses and exams! Missing registration deadline automatically foregoes a guaranteed seat for Finance M.Sc. courses and puts prospective student at the bottom of the prioritization list.

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