Syllabus overview (public)

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Programme Master in Management
Academic Year Academic Year 2021/2022
Module/course Code OP99
Delivery location Berlin
Language English
Course type Specialisation
Contact hours 120
ECTS M1 before 2020 16
ECTS M1 from 2020 20
Semester Spring
Module name Sustainable Finance
Field (Discipline) Finance


Module/course Summary

As a result
of sustainability becoming the new normal in the financial world, for non-financial
corporations, and regulators as well, there is an urgent need for a new
generation of finance experts who can pair duty (in terms of sustainability
principles) with profitability.

specialization Sustainable Finance focuses
on the application of sustainability principles (incl. environmental and social
considerations) to the finance domain, financial reporting, and management
control. It seeks to enhance the awareness of students of their duty to society
and their place in the business world, and to equip them to bridge the apparent
contradictions between these two. To be able to properly integrate
sustainability information into portfolio investment strategies, investors (or
their delegates) need to measure corporate sustainability performance or to rely
on such information communicated by the issuing firms to stakeholders. Given
that the attainment of sustainability critically hinges upon the credibility of
the information investors rely upon, this specialization also seeks to sharpen students’
understanding of the systems and processes that underlie corporate decisions on
sustainability (disclosure) issues. To that extent, this interdisciplinary specialization
is intended for students who are not only interested in analysing and solving
financial problems in investment and business, but also desire to explore potential
contributions of finance, financial reporting, and management control
systems to the transition to a climate-neutral, green, competitive and
inclusive economy. Possible related career paths include business consultant,
financial analyst, investment portfolio manager, auditor, or firms’ staff
functions such as financial manager, reporting, and risk management.

The specialization is in line with the European Green Deal, which entails the mobilization of large-scale capital from the private
sector. As the largest economy and the largest emitter of carbon dioxide in
Europe, Germany has to play a major role in the transition. And, besides being
a highly attractive city for the choice of campus, the Berlin campus is well
suited for offering this specialization. Recently, the Berlin Senate has commissioned two companies to develop a “sustainability index”, the
performance of which would be tracked by the German central bank (Deutsche
Bundesbank) when investing the retirement provisions of the federal state of
Berlin. Finally, the instructors conduct research directly related to the
specialization (incl. financial market misconduct, corporate misconduct,
accounting misstatements, and market valuations of environmental inventions and
CO2 emissions).​


For M1 students registered to this specialization, it will be mandatory to attend the Advanced Management course "Advanced International Financial Reporting"