FIN-400 / 6 crédits

Enseignant: Zeni Federica

Langue: Anglais


Summary

The Sustainable Finance course is an interdisciplinary program designed for masters' students seeking to understands - on one hand - how climate change and sustainability are reshaping financial markets, and - on the other - how financial markets can be leveraged to address the climate challenge.

Content

This course provides a comprehensive introduction to the intersection of climate change and financial markets. It covers foundational topics in climate science and the economics of public goods, followed by an exploration of how climate risks affect private markets. Students will examine the integration of climate risks into asset pricing models and corporate financing and investment decisions, and investigate the role of sustainable investing across both equity and debt markets. The course also delves into the design of green financial instruments, the interaction between private markets and public regulation, and the financing of climate adaptation, including the role of insurance.

There will be 1 to 2 data-driven applied problem sets, incorporating AI tools for sustainable finance. Furthermore, guest speakers from various sectors, such as banking, asset management, insurance, and/or sustainable investments - will offer practical insights and industry perspectives.

Keywords

  • Public Goods Economics

  • Climate Risk

  • Corporate Disclosures

  • Climate-related Financial Risk

  • Asset Pricing

  • Sustainable Investing

  • Impact Investing

  • Green Bonds

  • Incentive Design

  • Financial Regulation

  • Climate Policy

  • Insurance Markets

  • ESG (Environmental, Social, Governance)
  • Transition Finance
  • AI and Sustainability

Learning Prerequisites

Required courses

Students should have prior exposure to asset pricing and corporate finance, and be comfortable engaging with quantitative material. Basic experience in programming (e.g., Python, R, or C++) is recommended, particularly for working with data-driven examples and models.

Learning Outcomes

By the end of the course, the student must be able to:

  • Analyze
  • Apply
  • Elaborate
  • Estimate

Transversal skills

  • Evaluate one's own performance in the team, receive and respond appropriately to feedback.
  • Communicate effectively, being understood, including across different languages and cultures.
  • Take account of the social and human dimensions of the engineering profession.
  • Demonstrate the capacity for critical thinking
  • Summarize an article or a technical report.
  • Write a literature review which assesses the state of the art.

Teaching methods

slides

reading list

guest speakers

problem sets

Expected student activities

1 to 2 problem sets (approx group of 4 students, depending on capacity)

Assessment methods

problem sets (30 % of the final grade)

written exam (70 % of the final grade)

 

Supervision

Office hours Yes
Assistants Yes
Forum No

Resources

Moodle Link

Dans les plans d'études

  • Semestre: Automne
  • Forme de l'examen: Ecrit (session d'hiver)
  • Matière examinée: Sustainable Finance
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Exercices: 2 Heure(s) hebdo x 14 semaines
  • Type: optionnel
  • Semestre: Automne
  • Forme de l'examen: Ecrit (session d'hiver)
  • Matière examinée: Sustainable Finance
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Exercices: 2 Heure(s) hebdo x 14 semaines
  • Type: optionnel
  • Semestre: Automne
  • Forme de l'examen: Ecrit (session d'hiver)
  • Matière examinée: Sustainable Finance
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Exercices: 2 Heure(s) hebdo x 14 semaines
  • Type: optionnel
  • Semestre: Automne
  • Forme de l'examen: Ecrit (session d'hiver)
  • Matière examinée: Sustainable Finance
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Exercices: 2 Heure(s) hebdo x 14 semaines
  • Type: optionnel
  • Semestre: Automne
  • Forme de l'examen: Ecrit (session d'hiver)
  • Matière examinée: Sustainable Finance
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Exercices: 2 Heure(s) hebdo x 14 semaines
  • Type: optionnel
  • Semestre: Automne
  • Forme de l'examen: Ecrit (session d'hiver)
  • Matière examinée: Sustainable Finance
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Exercices: 2 Heure(s) hebdo x 14 semaines
  • Type: optionnel

Semaine de référence

Lundi, 9h - 12h: Cours INR219

Vendredi, 8h - 10h: Exercice, TP INR219

Cours connexes

Résultats de graphsearch.epfl.ch.