Aligning Finance and Sustainability: ESSEC Business School's pioneering offer
In the world of finance, a significant shift is underway. "Doing well while doing good" has become the new mantra, reflecting a growing recognition that financial success should not come at the expense of social and environmental responsibility.
ESSEC Business School's Sustainable Finance program stands at the forefront of this transformation, offering a path for professionals to excel in finance while promoting sustainability. Designed for finance professionals seeking to merge financial expertise with sustainability, this program caters to executives, managers, and decision-makers eager to align financial achievements with a commitment to environmental care.
A Tectonic Shift in Society
"Sustainability is shifting finance just as it is changing consumption," says Dr. Sofia Ramos, a Ph.D. in Finance and coordinator of the Global MBA at ESSEC.
Recent trends show a significant move towards sustainable investments. The year 2020 witnessed a record surge in funds integrating Environmental, Social, and Governance (ESG) criteria, reflecting investors' growing interest in aligning their values with their investments.
Addressing Market Imperfections
While markets are efficient in allocating goods and financial securities, they often fail to account for negative externalities like pollution and resource depletion. This is where sustainable finance steps in. Initiatives like the European Union Emission Trading Scheme (ETS) and the forthcoming carbon border adjustment mechanism (CBAM) aim to correct market imperfections and promote sustainability.
Fighting Greenwashing
As sustainable investing becomes mainstream, the risk of greenwashing grows. Dr. Ramos emphasizes the need for clear definitions and regulations to combat this issue. The EU taxonomy provides a much-needed classification of sustainable activities, guiding investors towards genuine sustainability.
The Profitability of Sustainable Investing
But is sustainable investing profitable? Dr. Ramos explains that "there are profitable and non-profitable sustainable investments." While risks exist, integrating ESG factors can enhance returns and reduce risks in the long term, contributing to the growth of the green economy.
The Sustainable Finance Program at ESSEC
ESSEC's Sustainable Finance program offers an interactive and immediately applicable learning experience. Participants gain practical insights into measuring environmental and social impacts, learning from industry experts, and exploring innovative financial instruments.
Our mission is to shape responsible leaders who understand the importance of sustainability in finance and promote positive changes in the industry, concludes Dr. Ramos.
As the world embraces sustainability as a guiding principle for finance, ESSEC invites you to join the journey towards a more resilient and inclusive economy.
Curious about the Sustainable Finance program?
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