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Accounting & Finance Investment Management

Certificate for Module (CFA ESG Investing)
證書 (單元: CFA ESG投資)

CEF Reimbursable Course

CEF Reimbursable Course

New Course
Course Code
FN084A
Application Code
2080-FN084A

Study mode
Part-time
Start Date
24 Apr 2023 (Mon)
Duration
30 hours
Language
English
Course Fee
HK$9000 per programme
Deadline on 17 Apr 2023 (Mon)
Enquiries
2867 8322
2861 0278
Apply Now

Environmental, social and governance (ESG) becomes a major agenda item among global financial institutions around the world. According to data from Morningstar, US research firm in financial services, assets in sustainable funds grew 53 per cent year-on-year to US$2.74 in 2021. The momentum is taking place in Asia because of regulatory requirements and increasing client demand.
 
According to 2021 research paper of “Careers of Tomorrow: Financial Talents in the Digital, Sustainable Economy in Hong Kong” by Hong Kong Financial Services Development Council, there is a strong demand of ESG skills in areas of ESG frameworks and regulations, design of ESG investment products and data science applications to ESG investing, reporting and disclosure.
 

Please note that our course fee (HK$9,000) does not include the exam registration fee for the Certificate in ESG Investing offered by the CFA Institute.
 

 

“This programme is one of the Eligible Programmes under the Pilot Green and Sustainable Finance Capacity Building Support Scheme.”

scheme

Name of Programme Provider: HKU SPACE
Programme Provider Identification Code: PP-CLQ189
Programme Identification Code: GTP-443226
Programme Name: Certificate for Module (CFA ESG Investing)

Eligible applicants may apply for reimbursement of relevant fees upon successful completion of Eligible Programmes, subject to a ceiling of HK$10,000 and other conditions.

Application should be sent directly to the Pilot GSF Capacity Building Support Scheme office within three months after programme completion. For details, please visit the Scheme website: www.greentalent.org.hk or contact the Scheme enquiry hotline: 852-2258-6000 or email to enquiry@greentalent.org.hk.

The total number of contact hours is 30 for this programme.   

Programme Objective

This programme aims to provide students with an overview of ESG factors, ESG analysis, ESG valuation and ESG integrated investment portfolio management. It covers the content of the Certificate in Environmental, Social and Governance (ESG) Investing examination offered by the Chartered Financial Analyst (CFA) Institute and prepares students to sit for the CFA ESG Investing examination.

 

Learning Outcomes

On completion of the programme, students should be able to:

1. describe the underlying issues of Environmental, Social and Governance (ESG) factors in responsible investment;

2. explain the key drivers and challenges for ESG investing;

3. assess the environmental, social and governance factors at company level in ESG analysis;

4. integrate ESG screens and ESG valuation in portfolio construction and management.

 

Upon successful completion of the programme, students will be awarded the Certificate for Module (CFA ESG Investing) within the HKU system through HKU SPACE.

 

Venue

Application Code 2080-FN084A Apply Online Now
Apply Online Now

Syllabus

1. Introduction to Environmental, Social and Governance (ESG) 

  • Definition of ESG
  • Nature of ESG investing
  • Different ESG megatrends and underlying issues of ESG investing
  • Key market drivers in favour of ESG integration

2. Environmental Factors

  • Climate change mitigation
  • Pollution, waste and circular economy
  • International climate and environmental initiatives and carbon pricing
  • Environmental analysis in company, sector, country level
  • Environmental factor evaluation in financial modelling, ratio analysis and risk assessment

3. Social Factors

  • Globalisation, wealth inequality, digital disruption, demographics, mass migration and religion
  • Human capital, product liability, stakeholder opposition and social media
  • Social factor analysis in potential investment opportunities
  • Social factor evaluation in financial modelling, ratio analysis and risk assessment

4. Governance Factors

  • Development of corporate governance, roles and responsibilities, systems and process, shareholder engagement and board structure
  • Key performance indicators, financial reporting, transparency and business ethics
  • Role of auditors in corporate governance, conflicts of interest, auditor liability and internal audit
  • Governance factor evaluation in financial modelling, ratio analysis and risk assessment

5. ESG Analysis, Valuation and Integration 

  • Various approaches of integrating ESG analysis into a firm’s investment process
  • ESG factors, financial analysis and valuation
  • Challenges of assessing material ESG issues
  • ESG integration databases and sustainability systems data

6. ESG Integrated Portfolio Construction and Management

  • Impact of ESG factors on asset allocation and portfolio management
  • Major indices and benchmarking approaches in ESG investing
  • ESG screening of individual companies and investment funds
  • Risk-return dynamic of portfolio optimization and ESG investing
  • Passive ESG portfolio management

7. Investment Mandates, Portfolio Analytics and Client Reporting 

  • Overview of investment mandates and ESG investing
  • Common features of ESG investing and portfolio analytics
  • Key mechanisms for client reporting, monitoring performance and mandate alignment with client objectives
  • Major challenges in measuring and reporting ESG-related investment performance

 

Assessment Method

Assessment

 

Weighting

Assignment

 Individual essay of 800 words and 40 MC questions

100%

Timetable

Certificate for Module (CFA ESG Investing)

Lecture

Date

Time

1

24 April 2023 (Mon)

7:00 pm - 10:00 pm

2

8 May 2023 (Mon)

3

15 May 2023 (Mon)

4

22 May 2023 (Mon)

5

29 May 2023 (Mon)

6

5 June 2023 (Mon)

7

12 June 2023 (Mon)

8

19 June 2023 (Mon)

9

26 June 2023 (Mon)

10

3 July 2023 (Mon)

 
** The above tentative timetables may be subject to change without prior notice until confirmation of timetable issued to student. 

Applicants shall hold an Advanced Diploma, a Higher Diploma or an Associate Degree awarded by a recognised institution. Those with other qualifications will be considered on individual merit. Students are required to check with CFA Institute that they fulfil the entry requirements of the CFA Certificate in ESG Investing examination.

Application Fee

HK$150

Course Fee
  • Course Fee : HK$9000 per programme
  • The CEF Institution Code of HKU SPACE is 100
CEF Courses
Certificate for Module (CFA ESG Investing)
證書 (單元: CFA ESG投資)
COURSE CODE 33C141981 FEES $9,000 ENQUIRY 2867-8322
Continuing Education Fund Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.

Certificate for Module (CFA ESG Investing)

  • This course is recognised under the Qualifications Framework (QF Level [5])

Online Application Apply Now

Application Form Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and the applicant’s name.. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying  “Course Application” on the envelope.  HKU SPACE will not be responsible for any loss of payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, continuing students of award-bearing programmes, if their programmes offer online service, may also pay their course fees by Online WeChat Pay, Online Alipay and Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolement Centres and avoid making cheque payment under this circustance.
  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder's credit card account.
  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • Receipts will be issued for fees paid but HKU SPACE will not be repsonsible for any loss of receipt sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to "HKU SPACE" to any of our enrolment centres. 
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