Module 1: "Wake me up"
The objective of this session is to draw attention of the participants on the overall implementation of the ESG; How to prove that ESG factors are important?
Module 2: Fundamentals
The conceptual framework is tested to work ESG aspects in making investment decisions. The similarities and differences between ESG, RI, SI, SRI, impact, engagement, non-financial terms and the additional financial terms necessary for application in investment management are reviewed. The reasons for using the ESG, its implications, the regulatory framework and key ESG market drivers are described in this module.
Module 3: Investment Process Chain
ESG integration process described in the investment process, is essential for understanding the integration of ESG in the valuation process. Methodologies for the development of investment policies, allocation and asset selection, the process of monitoring and reporting are discussed.
Module 4: Integration and assessment of ESG
We study, through practical examples, the integration of ESG in the process of valuation of investments, identifying value drivers of the ESG, measurement methods and their impact on cash flows, beta, external costs, etc. The various data sources (Bloomberg, GRI, EFFAS,) are reviewed and shown how to integrate KPIs in pricing models: DCF, multiples, forecasts based on critical evaluation of Bloomberg on valuation models "fit -for- purposes".
Module 5 : Responsible Investment across Asset classes
The aim of this module is to describe approaches to ESG from the perspective of portfolio management, analyzing the ESG in different asset classes with a focus on bonds and impact investment.
Module 6: ESG Reporting
This last module focuses on corporate ESG reporting. The difference between mandatory and voluntary disclosure as well as difference reporting frameworks will be discussed.