22E29100 - Accounting for Sustainability, Lecture, 24.10.2022-7.12.2022

Classes

• Classes
  

  Classes

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    24.10. Monday: Introduction (Myllymäki) Folder
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    26.10. Wednesday: Sustainability themes + The reasons for and consequences of sustainability reporting (Myllymäki) Folder
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    27.10. Thursday: Sustainability reporting landscape (Myllymäki) Folder
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    2.11. Wednesday: Sustainability reporting quality (Myllymäki) Folder
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    3.11. Thursday: Future of sustainability reporting - interview with a guest (Myllymäki) Folder
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    9.11. Wednesday: Tutorial sessions (Myllymäki) Assignment
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    Mon 14.11.2022 / Value proposition, ESG issues and financial materiality I (Schiehll) Folder

    Topic: ESG Performance

    Learning goals:
    

    -          Recognizing financial materiality in the context of ESG information

    -          Understanding the link between ESG issues and business “value drivers”

    -          Familiarizing with SASB industry specific standard of your case company

    -          Identifying and building a financial materiality matrix for your case company

    -          Recognizing how ESG issues become financially material to corporations and their investors

    Teaching notes:             (Available in week 4)

    Before class recommended readings:  

    IRI_Transparency-to-Performance.pdf

    SASB Standard for the industry of your case company (Available on MyCourse with Assignments material)

    Other support material:  

    KPMG_materiality-assessment.pdf

    Materiality matters.pdf

    
    

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    Wed 16.11.22 / Value proposition, ESG issues and financial materiality (II) (Schiehll) Folder

    Topic: ESG Performance

    In class discussion based on your analysis of your case company, Assignment Part 1.
    

    Learning goals:
    

    In small groups, which are formed based on the company you analyzed, discuss, and corroborate your conclusions about:

    Your case company’s (strategy) value proposition

    Your case company’s operations impact people and planet:

    Your case company’s financially material issues

    
    

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    Mon 21.11.22 / ESG metrics and Performance Evaluation I (Schiehll) Folder

    Topic: ESG Performance

    Learning goals:
    

    ·         Understanding key metrics of Governance (G) quality: Ownership, Board of directors, Executive compensation

    ·         Identifying key performance metrics to assess Environmental (E) and Social (S) issues

    ·         Differentiating risks from opportunities (negative vs positive externalities)

    ·         Collecting data to measure performance on Environmental (E) and Social (S) issues

    ·         Analyzing data to evaluate performance on Environmental (E) and Social (S) issues

    Teaching notes:   (Available in week 5)

    Before class recommended reading:

    SASB Standard for the industry of your case company (available with the material for the assignment)

    jetblue-sasb-tcfd-2017.pdf

    Other support material:
    

    WEF_Creating_effective_climate_governance_on_corporate_boards.pdf

    ESG_risks_and_oppty_2019223.pdf

    
    

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    Wed 23.11.22 / ESG metrics and Performance evaluation II (Schiehll) Folder

    Topic: ESG Performance

    In class discussion based on your analysis of your case company, Assignment Part 2.

    Learning goals:
    

    In small groups, which are formed based on the company you analyzed, discuss, and corroborate your assessment about:
    

    Your case company’s Governance (G) structure
    

    Your case company’s Environmental and Social (E&S) performance
    

    Your case company key Environmental (E) and Social (S) performance metrics

    
    

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    Mon 28.11.22 / ESG ratings I (Schiehll) Folder

    Topic: ESG Performance

    Learning goals:

    .  Understanding ESG ratings and rankings: purpose, methodology and interpretation

    .  Using ESG data items, scores, and weights

    .  Integrating ESG scores into performance evaluation

    .  Linking ESG performance to financial performance

    .  Using ESG ratings for assessing a case company

    Teaching notes:   (Available in week 6)

     Before class recommended reading:

                MSCI ESG Ratings Methodology - Executive Summary (2019).pdf

                MSCI issues template.pdf

     Other support material:

                2018-11_MSCI ESG Research_Insight_How Markets Price ESG.pdf

               Why and How Investors use ESG Information?

    
    

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    Wed 30.11.22 / ESG ratings II (Schiehll) Folder

    Topic: ESG Performance

    In small groups, which are formed based on the company you analyzed, discuss, and corroborate your responses to the Part 3 of the assignment.

    Learning goals:

    Assessing ESG Performance of your case company
    

    Linking ESG and financial performance of your case company

    Before class recommended reading:

    2018-11_MSCI ESG Research_Insight_How Markets Price ESG.pdf