Postgraduate Course: Integrated Reporting and Responsible Investment (MBA) (CMSE11216)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | This course builds on the introductory Accounting and Finance modules and will consider how the concepts of sustainability and the responsibility for improved governance and stewardship of financial, natural and social resources can be integrated into corporate reporting and investment appraisal. |
| Course description |
The course will adopt a critical stance and examine both the theoretical underpinning and the practical challenges associated with the new reporting, measurement and appraisal techniques. In the context of integrated reporting, emerging practice will be critically examined through the study of sustainability reports and solutions recommended by organisations such as GRI and Accounting for Sustainability (A4S). In relation to responsible investment, the course will explore how ESG issues can be taken into account and the challenges involved: including or excluding companies, evaluating environmental and social controversies, and defining criteria, whilst also producing an acceptable return for investors. The course will explore the diversity of opinion and approaches available, the responsibilities of investors and the performance of SRI and green approaches.
Syllabus:
Overview of the factors leading to the emergence of new metrics for corporate reporting and investment appraisal;
Concept of triple-bottom line;
Nature and components of integrated reporting; views and approaches recommended by agencies (e.g. GRI, A4S);
Responsible investment theory and practice; dynamics of SI policies;
ESG integration; role and challenges of sustainability indices: frameworks and principles in sustainable investment (e.g. UN PRI and EPPF); drivers and indices (e.g. DJSI and FTSE RI).
Evaluating the research evidence on firms with a CSR agenda.
The rise of new capital markets and project finance options: renewable energy, green property and carbon markets.
Critiques of sustainable investment: failures and lessons. Microfinance schemes.
Student Learning Experience
The teaching will be delivered through lectures supported by discussion of applied case studies. Practitioners (investors, fund managers, accountants) will contribute guest sessions and host debates on key issues.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
| Additional Costs | None |
Course Delivery Information
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| Academic year 2015/16, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Block 5 (Sem 2) and beyond |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 20,
Summative Assessment Hours 30,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
48 )
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Individual Assignment - 100% |
| Feedback |
All students will be given at least one formative feedback or feedforward event for every course they undertake, provided during the semester in which the course is taken and in time to be useful in the completion of summative work on the course.
Feedback on formative assessed work will be provided within 15 working days of submission, or in time to be of use in subsequent assessments within the course, whichever is sooner. Summative marks will be returned on a published timetable, which has been made clear to students at the start of the academic year.
Students will be provided with electronic written feedback for all coursework. Coursework cannot be taken away by students. Students who wish to view a marked piece of coursework should contact the programme support team to arrange a time. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Critically appraise the implications of sustainability for corporate reporting and investment appraisal.
- Discuss critically theoretical perspectives to the incorporation of ESG issues into corporate reporting and investment.
- Critically evaluate the challenges of defining metrics and approaches to measurement of ESG performance.
- Explain and discuss critically how ESG factors can be incorporated in investment decisions.
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Reading List
Busco, C, Frigo, M, Riccaboni A and P Quattrone (2013) Integrated Reporting, Springer.
Louche, C (2011) Dilemmas in Responsible Investment, Greenleaf.
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Additional Information
| Graduate Attributes and Skills |
Cognitive and Subject Specific Skills:
Critically assess a corporate sustainability report and a company's approach to ESG performance
Critically evaluate emerging financial tools and instruments.
Critically assess contemporary approaches to the measurement of ESG (e.g. GRI, FTSE4Good ).
Evaluate the evidence on SRI funds and risk and returns in the context of green companies and projects
Apply appropriate theoretical principles to analyse complex financial problems or alternatives.
Apply financial tools and techniques explicitly in a low carbon and ethical context.
Transferable Skills:
Demonstrate skills of critical thinking and data analysis
Analyse and appraise alternatives and make decisions based on evidence.
Demonstrate effective written communication skills, particularly in explaining and justifying choices. |
| Keywords | Sustainability ESG Reporting Responsbility Investment |
Contacts
| Course organiser | Dr Tatiana Rodionova
Tel: (0131 6)50 3789
Email: |
Course secretary | Miss Tammy French
Tel: (0131 6)50 3475
Email: |
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