ESG analysis and valuation is an emerging discipline that is both complex and nuanced. How ESG factors are likely to impact a company’s valuation both in the short-run and long-run requires detailed consideration and analysis that goes beyond adjusting discount rates and growth rates. Incorporating this analysis into an investment process and financial model poses further challenges. Many of these ESG issues are both emerging and dynamic, which complicates the analysis further.

COURSE AGENDA

ESG Research and Analysis

• Incorporating ESG into traditional financial analysis
• Making adjustments to financial model assumptions
• ESG factors and the impact on company financial performance
• ESG factors and the impact on security valuation
• Analysing the impacts on equities, fixed income and alternative asset classes

ESG Investment and Financial Analysis

• Compare traditional investment analysis to ESG investment analysis
• Describe the aims of integrating ESG into a firm’s investment processes
• Describe the approaches to integrating ESG into a firm’s investment processes
• Identify the relationship between ESG analysis and investment decision making
• Understand how to integrate ESG risks and opportunities into the traditional financial analysis of equity value
• Explain how Credit Rating Agencies approach ESG Credit Scoring
• Understand the importance of ESG rating agencies to companies and clients