365-1190-00L Climate Risk and Sustainability in Finance and Insurance
| Semester | Autumn Semester 2024 |
| Lecturers | B. Huber, B. J. Bergmann, D. N. Bresch, A. Goussebaïle |
| Periodicity | yearly recurring course |
| Language of instruction | English |
| Comment | Exclusively for MAS MTEC students (3rd semester). Please register by 02.09.2024 at the latest via myStudies. |
Courses
| Number | Title | Hours | Lecturers | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 365-1190-00 V | Climate Risk and Sustainability in Finance and Insurance Please note the irregular lecture dates. | 30s hrs |
| B. Huber, B. J. Bergmann, D. N. Bresch, A. Goussebaïle |
Catalogue data
| Abstract | As extreme weather, driven in concert with a changing climate, will continue to evolve and become increasingly severe over time, it is generally rendering greater costs across industry sectors. This course introduces climate risk modelling and how to derive business decisions from it, how to identify and assess sustainability in the current regulatory environment. |
| Learning objective | The main objectives of the course are: - Get an idea of climate change causes, physical vs. transition risks, consequences and scenarios, economic trade-offs, and the barriers for mitigation policies. - Understand climate risk modelling and how to derive actionable results from it. - Understand the basics of sustainability risks and ESG, basics of sustainability and the role of banks and insurers. - Learn about the latest regulatory developments and the most relevant sustainability frameworks and initiatives. - Learn from experts from industry and agencies how they tackle the challenges towards a sustainable economy. - Get practice insights on a sustainable investment strategy. - Learn about regulation and types of greenwashing. - Learn about green fintech initiatives and startups from the Swiss ecosystem. The Course is offered as a block course, allowing for a workshop character. Students will work in groups on selected cases on each day and share their thoughts and findings with industry professionals. Participation on all course days is mandatory. Performance assessment is based on active contribution and presentation of group work and cases. |
| Content | Climate change is on par with political instability, violent conflicts, cybersecurity and volatile interest rates. However, there is one exception – these other factors will eventually reverse course – climate change will not. This MAS MTEC elective lecture aims to empower future business leaders to navigate the intersection of climate risk and sustainability. By engaging with industry experts, start-ups, and thought leaders, participants will gain practical insights and actionable strategies to create positive impact within their organizations and beyond. This course is structured as follows: - Day 1: Introduction to Climate Risk, climate change causes, physical vs. transition risks, consequences and scenarios. Treating uncertainty in modeling climate-related financial risk, fundamentals of Climate risk modelling and how to derive business decisions from it. - Day 2 & 3: basics of sustainability risks, the sustainability frameworks, and initiatives. Definition and origin of ESG, drivers of ESG and how to measure ESG, the role of banks, insurer and the real economy, regulation and reporting standards. Case study on understanding how companies identifies and priorities financial and non-financial risk; how effectively is the organization achieving its sustainability goal and how double materiality influence the strategic decision-making process. - Day 4: Corporate Innovation in the context of climate risk, insights on innovative solutions from green fintech and start-ups on how to leverage technology to promote sustainable finance. During the 4 days, participants will also learn and hear from the guest speakers about cultivating leadership skills to address climate-related challenges, ethical decision-making, and fostering a culture of resilience in order to promote organizational agility and adaptability. The course is not targeted to participants with a background and work experience in the finance, banking, or insurance sector only. This course will benefit from participants with diverse backgrounds and industry experience. |
Performance assessment
| Performance assessment information (valid until the course unit is held again) | |
Performance assessment as a semester course | |
| ECTS credits | 2 credits |
| Examiners | D. N. Bresch, B. J. Bergmann, A. Goussebaïle, B. Huber |
| Type | ungraded semester performance |
| Language of examination | English |
| Repetition | Repetition only possible after re-enrolling for the course unit. |
| Additional information on mode of examination | Credit points will only be assigned if the following criteria are met: Full attendance on all course days and completion of all course assignments. |
Learning materials
| No public learning materials available. | |
| Only public learning materials are listed. |
Groups
| No information on groups available. |
Restrictions
| Places | 20 at the most |
| Priority | Registration for the course unit is only possible for the primary target group |
| Primary target group | MAS ETH in Management, Technology, and Economics (365000) starting semester 03 |
| Waiting list | until 08.09.2024 |
| End of registration period | Registration only possible until 02.09.2024 |
Offered in
| Programme | Section | Type | |
|---|---|---|---|
| MAS in Management, Technology, and Economics | Electives, 1. and 3. Semester | W |  |