COURSE UNIT TITLE

: ENVIRONMENTAL SOCIAL GOVERNANCE (ESG) INVESTING

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
FIN 4238 ENVIRONMENTAL SOCIAL GOVERNANCE (ESG) INVESTING ELECTIVE 3 0 0 5

Offered By

BUSINESS ADMINISTRATION (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR PINAR EVRIM MANDACI

Offered to

BUSINESS ADMINISTRATION (English)

Course Objective

This course builds on ethics components in existing capital market and investments courses by incorporating environmental, social, and governance (ESG) considerations and methods into investment processes, products, and practices. The objective of this course is to point out the importance of non-financial issues (such as environmental, social, and governance) on a company s performance and valuation and integrate these issues into stock and bond investing decisions, portfolio management, and asset allocation decisions and the activities of financial institutions such as banks and insurance.

Learning Outcomes of the Course Unit

1   1. Identify and assess environmental, social responsibility, and corporate governance issues and risks in investment decision making.
2   2. Propose and assess the impact of ESG factors on firm performance and valuation.
3   3. Explain how ESG factors can be integrated into equity and bond investments.
4   4. Explain the impact of ESG factors on portfolio management and asset allocation decisions.
5   5. Measure the performance of ESG investments.
6   6. Identifying sustainable banking and insurance.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

FIN 4233 - INVESTMENT ANALYSIS
FIN 4111 - CAPITAL MARKETS AND FINANCIAL INSTITUTIONS
ACC 4111 - FINANCIAL STATEMENT ANALYSIS

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to ESG Investing
2 Environmental Factors
3 Social Factors
4 Governance Factors
5 ESG Analysis, Performance, and Security Valuation
6 Integrating ESG into Equity Investing
7 Integrating ESG into Bond Investing and other alternative investments
8 Integrating ESG into Portfolio Management and Asset Allocation
9 Sustainable Banking and Insurance
10 Article Discussions & Case Studies and Presentations
11 Article Discussions & Case Studies and Presentations
12 Article Discussions & Case Studies and Presentations
13 Article Discussions & Case Studies and Presentations
14 Article Discussions & Case Studies and Presentations

Recomended or Required Reading

1. Schoenmaker, Dirk and Willem Schramade, Asset Pricing and Sustainability: A Teaching Note February 2020
2. Schoenmaker, Dirk and Willem Schramade, Principles of Sustainable Finance Oxford University Press
January 2019.
3. Schoenmaker, Dirk Investing for The Common Good: A Sustainable Finance Framework Bruegel Essay and
Lecture Series, 2017.
4. CFA Institute, Future of Sustainability in Investment Management: From Ideas to Reality, 2020.
5. CFA Institute, Environmental, Social, And Governance Issues in Investing, 2015.
6. CFA Institute, Environmental, Social, and Governance Factors at Listed Companies, 2008

Planned Learning Activities and Teaching Methods

Lecturing.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


Further Notes About Assessment Methods

None

Assessment Criteria

1. Late submissions of case study reports will not be accepted.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.
3. Students are expected to participate actively in class discussions.
4. Students are expected to attend to classes on time.
5. Students must obey the time limits of their presentation.

Contact Details for the Lecturer(s)

Prof. Dr. Pınar EVRIM MANDACI
E-mail: pinar.evrim@deu.edu.tr

Office Hours

By appointment

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 12 3 36
Preparation for midterm exam 1 20 20
Preparation for final exam 1 20 20
Final 1 1,5 2
Midterm 1 1,5 2
TOTAL WORKLOAD (hours) 122

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.15555555
LO.25555555
LO.3555555544
LO.4555555544
LO.55555555
LO.65555555