Παρουσίαση/Προβολή

ESG Principles in Portfolio Management

(LOXR681) - ΓΕΩΡΓΙΟΣ ΧΑΛΑΜΑΝΔΑΡΗΣ

Περιγραφή Μαθήματος

Course Title: ESG in Portfolio Management & Investment Analysis

Course Objective

This course provides a rigorous, finance-based framework for understanding how Environmental, Social, and Governance (ESG) factors are integrated into portfolio management and investment decision-making. Students will explore how ESG risks and opportunities influence asset pricing, risk profiles, portfolio construction, and long-term financial performance.

Learning Outcomes & Competences By the end of this course, students will be able to:

Evaluate ESG as a fundamental financial risk and return dimension within investment portfolios.
Interpret complex ESG data and ratings to extract meaningful investment signals.
Integrate ESG factors into traditional valuation models, security selection, and portfolio optimization.
Analyze portfolio-level exposure to climate, social, and governance risks.
Navigate ESG investment mandates, global reporting requirements, and evolving regulatory frameworks (e.g., SFDR, Taxonomy).

Prerequisites

Students are expected to have a working knowledge of investments, portfolio theory, and basic financial economics.

Course Contents

The curriculum bridges theory and practice, covering the following core modules:

Foundations: ESG concepts, investment objectives, and the evolution of fiduciary duty.
The Data Landscape: ESG ratings, market infrastructure, and the "aggregate confusion" of provider divergence.
The E, S, and G Dimensions:
- Environmental: Climate change, transition vs. physical risk, and carbon exposure.
- Social: Labor standards, supply chain integrity, and reputational risk.
- Governance: Board structure, ownership, incentives, and accounting quality.
Investment Strategy: Stewardship, active ownership, and engagement.
Integration Techniques: ESG in equity valuation, credit analysis, and security selection.
Portfolio Engineering: ESG-integrated construction, climate/carbon tilts, and optimization.
Reporting & Attribution: Sustainability metrics, risk analysis, and SFDR compliance.