ESG and Sustainable Finance

Class 2021: 29th of November 2021 & 8th of December 2021
Class 2022-1: 9th of March & 29th of March 2022

Purpose

The European Commission has launched a very ambitious 10-point plan for Sustainable Finance, with the aim of increasing private investment in sustainable activities. The private and financial sectors have been given a key role.

All boards must engage with the sustainable transformation in the aim of a carbon neutral continent. Based on its own business model and strategy, sustainability must be integrated in the business model – but how should the board of directors of banks, pension companies, private equity, insurance companies, industrial companies, etc. approach this? And what do the biggest European banks do?

For financial companies, the challenge is in particular how boards can ensure value creation for shareholders and society in a strongly regulated industry. A huge transformation with new business opportunities as well as risks lies ahead. Industrial and energy companies, together with private equity, are some of the industries most affected by the Sustainable Finance initiatives. What is the industry, energy and private equity considerations about sustainable activities and investments? What advice and communication should banks stand for?

Most importantly in the EU Roadmap for Sustainable Finance is a common taxonomy for what is green (E). Later, a common taxonomy for social (S) and governance (G) is also expected. Transparency and equal standards must characterise the countries and businesses of the European Union.

ESG and sustainability risks must be integrated into the advice of financial companies. And products must be classified according to sustainability, in accordance with the Disclosure Regulation. Both the taxonomy and Disclosure Regulations have been voted in and will be taken into effect in 2021. In addition, the roadmap consists of other initiatives, such as green labels for bonds, fundamental frameworks for green benchmarks, integration of sustainability into ratings and analysis, as well as opportunities to adapt capital requirements to institutions such as banks, insurance and pensions.

What competences should be present on the board of directors? Is it time to onboard more chemists and engineers? How can or should the board of directors organise its work accordingly? Protection of investors and trust of advice – what is the role of the board of directors? What is the importance of the supervisory authorities?

Approach

This course provides an overview and strategic understanding of the board’s main tasks, issues and dilemmas in relation to Sustainable Finance and ESG. Both from a strategic, governance and risk perspective, as well as with a view to the role of the board of directors in ensuring value creation.

The participants will gain insight into the role, responsibilities and interactions of the board of directors, stakeholders and advisors. The objective of this course is that participants should be able to use knowledge and new competencies in board meetings and in the performance of the board’s tasks and responsibilities.

It is the ambition of this course to contribute to the development of the general level of competence in boards as well as managements.

Profile of Participants

The course is aimed at everyone who works or has an ambition to work professionally within a board position or top management in finance, private equity and industrial companies, where interaction with banks and the capital market is crucial. The course is relevant to a wider circle including board members, CEO’s, CFO’s and other senior executives interacting with the board of directors (auditors, chief lawyers, investment managers, heads of sustainable finance, etc.) as well as ministries and other authorities and advisors to corporate boards and top executives.

Curriculum

Among the topics which will be covered throughout the course is the following:

  • The background to sustainable finance
  • The 10-point plan for sustainable finance
  • The taxonomy and the industrial company
  • The internal layout board of directors and sustainable finance
  • Sustainable banking and the bank’s business strategy
  • Pension and investment funds, stakeholder value, active ownership
  • Sustainable financing and risk
  • Reporting, data and technology
  • Sustainability-linked products
  • Sustainable finance and the impact on private equity funds’ investment considerations, ownership and exit
  • The FSA’s perspective
  • Perspective – USA & China

Faculty

The teaching is facilitated by a faculty with a high level of competence and experience. Professors from Copenhagen Business School (CBS) and the University of Copenhagen (KU) teach in close cooperation with experienced board members and directors with background and experience from the financial sector as well as advisors from Kromann Reumert and EY. There is always a professor, a chairman of the board (or equivalent chief executive) and an advisor present simultaneously in the classroom.

The course is a combination of lectures, dialog, case discussions and reflections. The participants are expected to participate and actively engage in discussions.

  • Date

    This course consists of 2 days

    Class 2021: 29th of November 2021 & 8th of December 2021
    Class 2022-1: 9th of March & 29th of March 2022

  • Sted

    CBS Executive, Porcelænshaven 22, 2000 Frederiksberg.

  • Price

    16,000 DKK – excl. VAT