Sustainable Finance: From SMEs to Large Companies

Executive Programme

Sustainable Finance

from SMEs to Large Companies

6th Edition

Why the executive programme

Sustainable Finance: SMEs to Large Companies

Sustainable Finance is now at the top of the agenda for the financial sector and also large, medium, and small companies. European regulation is becoming more relevant, since the European Union aims to align the financial sector with the European Green Deal,with the EU Environmental goals and with the Sustainable Development Goals (SDGs) . The market for green financial products is also growing and presenting great challenges for funds due to the EU regulation associated with the Sustainable Finance Disclosure Refulation (SFDR), MIFID II and many other issues.

Financial Players are requested by the Sustainable Finance Disclosure Regulation (SFDR) to disclose information on sustainability ‐ related issues and how they are incorporating sustainability risks in their policies and products

Banks are expected to disclose information about how they incorporate Environmental, Social and Governance (ESG)issues in their risk model and capital requirements

Banks will be requested to publish their Green Asset Ratio in 2024

An ESG risk analysis, both on lending and on stock selection will soon become mainstream

Starting in 2023 (in relation to 2022 year), large listed companies are requested to report how their turnover, OPEX, and CAPEX are aligned with the EU Taxonomy

Public funding from the EU will have to be aligned with the ‘do no significant harm’ regime of the EU Taxonomy, which means that companies applying for public funds will need to demonstrate how their projects do not significantly damage any of the six EU environmental goals

Green and Social Bonds are becoming an interesting financial product with a high level of demand. Not only large companies can issue these types of bonds, but SMEs can also do so

Some of the TCFD recommendations are now mandatory for large financial and non-financial companies from 2024 onwards being advised a voluntary approach for the SMEs.

Disclosure of CO2 emissions – Scope 1, 2, and 3 – will become common practice for all types of companies and large banks have commited to ask such information to their clients

Governance for sustainability and new sustainable governance models are already being created, and new capitalism business models are emerging, such as the B Corp, Social Companies, and Conscious Capitalism

Non-financial information will become strategic information for all types of investors

The Corporate Sustainability Reporting Directive approved in 2022, brings aditional requirements to both financial and non financial companies in relation with sustainability reporting

The proposal for the Sustainable Due Diligence Diretive brings the "duty of care" to the board, since it is expected the board members to include environmental and human right issues in the decision making process and along the value chain

Goals

This programme is designed to answer the following questions:

How will the European Action Plan on Financing Sustainable Growth impact my business?

What is the connection between the circular economy, decarbonization and ecosystem services, and my organisation’s business?

How can I carry out ESG due diligence?

What types of green financial products exist?

How can I prepare my company to face these challenges?

What is the relation between the Sustainable Development Goals and the financial system?

How can I define an ESG Risk Policy?

As a company, what type of information will be asked for when I’m looking for a loan or investment?

What are the trends related to governance for sustainability?

What is the new Corporate Sustainability Reporting Directive?

What information does my company need to disclose under the SFDR - Sustainable Finance Disclosure Regulation?

Teaching Method

The teaching method blends a speaker-centred approach with a student-centred approach to learning at different course stages. Students are expected to be exposed to experts in the field that will bring a theoretical understanding of sustainable finance and cutting-edge developments in regulation, policy development and trending approaches in the industry and will have the opportunity to explore practical applications with case studies.

Special Guest Speakers from the 2021 and 2022 editions

Luis Laginha

CEO at CMVM

José Galamba

President of the Portuguese Insurance Association

Gilberto Jordan

CEO of the André Jordan Group

Gabriela Figueiredo Dias

Chair at International Ethics Standards Board for Accountants (IESBA)

Miguel Cruz

Vice-President at European Investment Bank

Ricardo Mourinho Felix President at Infraestruturas de Portugal

Cristina Casalinho

Executive Director of Sustainability

Miguel Stilwell d'Andrade

CEO at EDP

Helena Freitas

Country Lead at Safoni Portugal

Programme Coordinators

Sofia Santos

Consultant, with specialisation in Climate Finance and Certified ESG Analyst

Invited Teacher of Finance at ISEG - Lisbon School of Economics and Management of Universidade de Lisboa, holds a Ph.D from Middlesex University, UK, with a dissertation on how banks can contribute to sustainable development. Has an ESG analyst certified from the European Federation of Financial Analysts. She runs the consultancy company called Systemic, where she develops work on climate finance and sustainability for several Portuguese and international organizations. She is also consultant for the Green Climate Fund of the United Nations, for the African region. Sofia's was the Secretary-General of BCSD Portugal and worked as a specialist in the Office of the Minister for the Environment and Energy Transition. She was the Coordinator of the Reflection Group for Sustainable Financing of the Ministry of the Environment and Energy Transition, in partnership with the Ministry of the Economy and the Ministry of Finance, and is the author of several books on the link between banking and sustainablility. She has 22 years of working experience.

Victor Barros

Victor holds a Ph.D. in Management and a Masters in Finance from ISEG. His academic background also includes executive courses (NYU Stern School of Business; IPCG - Portuguese Institute of Corporate Governance; West Virginia University) and academic courses (ESADE Business School; University of Bern; WHU – Otto Beisheim School of Management; Wayne State University; Tilburg University) in international institutions. CFA® charterholder issued by the CFA Institute, USA, and Certified Accountant. Lecturing activity is mainly focused on the finance field for undergraduates, Masters, PhD, MBA, and executive education programmes. Faculty adviser of ISEG in the CFA Institute Research Challenge. Research activity has been focused on corporate finance topics, corporate tax avoidance, assessment of fiscal policies and sustainable/ESG performance. He also serves as an independent board member NED and Chairman of the Audit Committee at INAPA IPG and Chairman of the Audit Board at RTP.

Assistant Professor at ISEG

The Programme in a Nutshell

Day 1

From Finance to Sustainable Finance: theory, empirical facts, figures and international agenda

Day 2

The Paris Agreement: Origin, challenges and opportunities for companies

Day 3

Environmental issues

Ecosystem Services and Circular Economy

Day 4

Climate Scenarios and EU Regulation

Day 5

Sustainable Development Goals

Webinars

2 Webinars with International Experts

Day 6

Case Studies on Taxonomy, SFDR and ESG Asset Management

Day 7

Case Studies on Funds and Company's reporting

Day 8

Green Financial Products

Day 9

Climate Finance in Developing Countries

The Programme Day by Day

9 Wednesdays, 09:00 - 18:00

From Finance to Sustainable Finance: Theory, empirical facts and figures of the ESG industry, and the international agenda

Welcome and Overview

International Agenda and context; and Key new concepts

From Finance to Sustainable Finance

Lunchtime Talk | Guest Speaker

Non Financial Reporting - European and International Trends

Corporate governance, stakeholders and new capitalism models

Environmental issues

Ecosystem Services and Circular Economy

Environmental issues: Circular Economy: circular business models, circular strategies

Lunchtime Talk | Guest Speaker

Environmental issues: Biodiversity

Ecosystem Services and Evaluation Metrics

Sustainable Development Goals

Sustainable Development Goals: origins, purpose, finance and impact indicators

Case Study: From DSGs to Sustainability Action Plan

Lunchtime Talk | Guest Speaker

Team work: Identification of the Key SDGs, material issues and respective action plan

Sunset

The Paris Agreement

Origin, challenges and opportunities for companies

Environmental issues: Climate

The Science behind the Paris Agreement

Lunchtime

Environmental issues: Climate The Policy and Regulatory issues due to the Paris Agreement

Environmental issues: Climate

GEE Calculations: Scope 1, 2 and 3

Climate Scenarios and EU Regulation

Economic Model for Orderly Transition: Climate Scenarios, Climate Risk, Double Materiality, Climate Stress Tests

Lunchtime

EU Regulation: Taxonomy, SFDR, MIFID II, Corporate Sustainability Reporting

Impact Indicators

ISEG Sustainable Finance Webinars

Alumni benefits - Lifelong Learning Participants will have free access to future editions of this webinar series

Case Studies on Taxonomy and ESG Asset Management

Case study: EDP and alignment with the Taxonomy

Lunchtime Talk | Guest Speaker

Case Study: OFI Asset Management approeach to ESG

Case Study: Triodos ESG Asset Management

Case Study: BPI Asset Management

Green Financial Products

Green, Social and Sustainable Bonds: Origins, trends, methods

Lunchtime Talk | Guest Speaker

Green bonds: How to do and what implies

Green bond: Case study presentation by a Portuguese company

Sustainability Reporting Frameworks

and

Case Studies

Corporate Sustainability Reporting: Sustainable Development Goals, EU Standards for large and SMEs, Reporting method tools

Corporate Sustainability Reporting: Steps for Large companies and Steps for SMEs

Lunchtime

Case Study: Sustainability Reporting Companhia das Lezírias, Large Company

Case Study: Sustainability Reporting in a Small and Medium Size company

Climate Finance in Developing Countries

Climate Finance at international level

Lunchtime

Presentation of Group Work

Wrap up and Takeaways from the Programme

ISEG Sustainable Finance Webinars

The Executive Programme Sustainable Finance: Green and Climate Finance will provide its participants with a series of webinars with international speakers - The Future of Sustainable Finance.

These webinars will help current participants of the programme to keep up with the s tate of the art of sustainable finance.

This content will also be available to the alumnus network , thus encouraging Lifelong Learning among participants of all editions.

Topics

Sustainable Finance in USA Sustainable Finance in Asia, Africa and EU

Speakers

Member, Independent Technical Advisory Panel (iTAP), The Green Climate Fund. Senior Advisor at Pollination. Board Member at DC Green Bank. Independent consultant with expertise in the climate finance sector and its key investors, donors and other stakeholders.

Richard Burrett has spent over 30 years working in international banking and finance. He started to work directly on ABN AMRO´s award winning sustainability agenda in 2004 becoming Global Head of Sustainability before leaving the Bank. He is a Director at Earth Capital a sustainability-focused investment group; a Fellow of the University of Cambridge Programme for Sustainability Leadership and Senior Associate at the Earth Security Group.

Rick Nogueira "Green Banks in the USA"

Richard Burret

Sustainable Finance and Investment Executive

With the Institutional Support of:

Companies that made part of this sustainable journey

Acssana Mendes

Sustainable Banking at Credit Agricole

Ana Gonçalves

Carbon and Energy Specialist at S317

Brian Robertson

Chief Development Officer at CL-Invest

Carlos Mourisca

Sustainable Finance at EDP

Georgete Felix

CFO/CSO at Companhia das Lezírias, SA, PhD Candidate in Sustainability Sciences

Gilda Caetano

Consultant at EDP

Inês Costa

Associate Partner at Deloitte

João Pedro Matos Fernandes

Visiting Full Professor at FEUP

Jorge Moreira Silva

Director at OECD Development Co-operation Directorate

Nuno Gaspar de Oliveira

Biologist, Ecologist (FCUL). Co-founder, NBI – Natural Business Intelligence

Paulo Canaveira

International consultant in the field of climate change

Rick Nogueira

Climate Finance Expert and Board Member at DC Green Bank

Sofia Santos

Sustainable Finance expert. Co-founder of SystemicSphere

Victor Barros

Assistant Professor of Finance at ISEG

Key Details

CALENDAR

September: 6, 13, 20 and 27

October: 4

November: 8, 15, 22 and 29

SCHEDULE

Wednesdays, from 9:00 to 18:00

LOCATION ISEG, Lisbon

DURATION

9 days | 69,5 hours

TUITION FEES

3 500€ Includes Webinars

Tuition

Welcome kit and educational materials

Lunch and coffee-breaks

Access to ISEG car parking

Graduation ceremony and diploma

With the institutional support of

Testimonials

With professors of excellence in the field of sustainable finance, this program combines conceptual and empirical approaches in an integrated process of learning and sharing that is truly transformative.

Fernanda Pereira Sustainability Project Manager at

The transformation the planet will face in the coming years must be conducted in an orderly, conscious, and informed manner. ISEG, through this very interesting program with excellent theoretical and practical content, makes a great contribution so that we can build and influence this path in the best way. I highly recommend it.

Paulo Oliveira Credit Risk Director, Santander Portugal

Fidelidade