Universität Wien

040073 KU Corporate Governance and external Accounting II (MA) (2024S)

ESG-Reporting II

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Empfohlen werden Vorkenntnisse aus Rechnungslegung und Privatrecht!
Moodle
Mo 03.06. 09:45-18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Thursday 11.04. 13:15 - 14:45 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Thursday 11.04. 15:00 - 16:30 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 17.04. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 17.04. 15:00 - 16:30 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 17.04. 16:45 - 18:15 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 24.04. 13:15 - 14:45 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 24.04. 15:00 - 16:30 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 24.04. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 14.05. 13:15 - 14:45 Digital
Tuesday 21.05. 13:15 - 14:45 Digital
Friday 14.06. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
Friday 14.06. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
Friday 14.06. 13:15 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday 25.06. 14:00 - 14:45 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 25.06. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

By 2050, Europe aims to become the world’s first climate-neutral continent. To pave the path to meet this aspiration in the fight against climate change, the European Commission released the ‘Fit for 55’ package, which contains ambitious climate targets. These targets set out a clear ambition for a green (and digital) transition in the EU as a whole and in individual EU member states by 2030:
- minimum 55 percent cuts in greenhouse gas (GHG) emissions by 2030, compared to 1990 levels
- above 32 percent share of renewable energy
- at least 32.5 percent improvement in energy efficiency.
The European Green Deal was always intended to be a green game changer, and on 14 July 2021, the ‘Fit for 55’ plan further articulated the strategy and gave traction to these transformative efforts. The ‘Fit for 55’ leads the way for a green transition via the use of regulations, new initiatives, amendments to key legislation and key non-legislative communications. The green transition is now sealed into EU policy; which calls for many measures designed to green the EU. Because of the broad range of activities, regulations and strategic and operational implications become increasingly relevant for managing daily business. All areas of managerial decision making are impacted, non the least financial management.

The objective of this course is to give students a general overview of the direct and indirect impact ESG has on financial management. This includes:
- A basic understanding of the relevant regulatory underpinning;
- An overview of key topics that link ESG and finance;
- The ability to assess the impact ESG related matters have on financial management;
- An understanding of potential opportunities and risks that ESG matters present to corporate finance and financial management;
- Ideas and hints to excel in a corporate environment when challenged with ESG requirements.

Consequently, the content areas covered in this lecture are broad and many, for example:
- ESG in reporting and regulation
- ESG in corporate management
- ESG governance and risk management
- ESG strategy
- ESG in business valuation
- ESG digitalization
- ESG and supply chain
- ESG funding management, green finance, green bonds and carbon certificates

Methods applied in this course comprise lectures, group discussions in workshop and seminar setting, and case studies.

Assessment and permitted materials

The final grade is based on a midterm online test after the lecture series (45%), evaluation of the contribution to the workshop (20%) and the seminar (30%), and (5%) participation points, e.g., for excursion.

Minimum requirements and assessment criteria

Attendance is compulsory for the course, specifically the initial lecture (max. 20% absence will be tolerated).
Unexcused non-attendance in the first course session will result in a deregistration from the course.
The grade of the final exam is determined as follows:
≥ 88%: excellent (1)
≥ 75,5%: good (2)
≥ 63%: passed (3)
≥ 50%: passed (4)
< 50%: fail (5)
Contributions to all of the above assessment criteria is expected for completion of this course.

Examination topics

The basis is primarily the provide reading material; if reference is made to national and EU regulatory materials during the lecture, these are also to be counted as part of the content discussed and imparted in the course and as such subject of the exam. Insofar as supplementary specialist literature is recommended, this goes beyond the lecture’s content and is not relevant to the exam.

Reading list

Different from the national implementation of the CSRD, the topics of this lecture are relatively new and some still under construction from a regulatory perspective, therefore, the most current published version of the respective regulatory or legal foundation is the relevant literature, questions for clarification can be discussed during the lecture. Most relevant in this respect are
- Corporate Sustainability Reporting Directive (CSRD)
- European Sustainability Reporting Standards (ESRS)
- EU Emission Trading System (EU ETS)
- Carbon Border Adjustment Mechanism (CBAM)
- Corporate Sustainability Due Diligence Directive (CSDDD)
- EU Green Claims Directive
- Energy Taxation Directive (ETD)
- Renewable Energy Directive (RED)
- Energy Efficiency Directive (EED)
- European Climate Law
- GHG Emissions and Removals from land use, land use change and forestry (LULUCF)

In addition, the following literature is well suited for acquiring interesting background knowledge:
- The Limits to Growth https://www.clubofrome.org/publication/the-limits-to-growth/
- Global Risks Report 2023 https://www.weforum.org/publications/global-risks-report-2023/

Association in the course directory

Last modified: Mo 11.03.2024 16:05