MSc Sustainable Finance 2022/23 entry

Course code:

FBLT143

Study options:

1 year full-time
2 years part-time

Location:

Coventry University (Coventry)

Starting:

September 2022

 

Fees:
Faculty:

Faculty of Business and Law


Get in touch

Professor Nathan L.Joseph

Course code:

FBLT143

Study options:

1 year full-time
2 years part-time

Location:

Coventry University (Coventry)

Starting:

September 2022

 

Fees:
Faculty:

Faculty of Business and Law


Get in touch

Professor Nathan L.Joseph

Overview

This MSc in Sustainable Finance provides the opportunity for you to learn and develop skills to enable you to resolve financial problems in ways that mitigate harm to the environment and society.

  • The course will enhance your career by helping you develop analytical and quantitative tools to resolve financial problems that relate to Sustainable Finance

  • The course is of interest to those concerned with mitigating the harm of economic activity on the environment and society

  • The course can be taken part-time or full-time to suit your employment situation

  • The full course allows you to pursue one of two Pathways for more in-depth study

  • You can register for: i) the Postgraduate Certificate in Sustainable Finance; ii) the Postgraduate Diploma in Sustainable Finance; or, iii) the full MSc in Sustainable Finance.

     

 

Why Coventry University

An award-winning university, we are committed to providing our students with the best possible experience. We continue to invest in both our facilities and our innovative approach to education.

Our students benefit from industry-relevant teaching, and resources and support designed to help them succeed. These range from our modern library and computing facilities to dedicated careers advice and our impressive Students’ Union activities.

Global ready

An international outlook, with global opportunities

Employability

Career-ready graduates, with the skills to succeed

Student experience

All the support you need, in a top student city

The School of Economics, Finance and Accounting (EFA)

The School of Economics, Finance and Accounting (EFA) works in partnership with the Talent Team to provide an inclusive, sector-leaded employment support service that offers specialist support and guidance on both UK and international recruitment processes, thus, building on relationships with external local, national and international organisations to enhance and network and career opportunities.

Sustainable Finance and Responsible Investment

“The battle for advancing Sustainable Finance must be waged on the education and training front. … Sustainable Finance and Responsible Investment is not just a product and must be embedded within an organisation's strategy…. We need to think about the knowledge required rather than the skills…in the future it will just be referred to as ‘Finance’.”

https://www.skillnetireland.ie/wp-content/uploads/2019/11/Sustainable-Finance-Skillnet-Deloitte-Report-Nov-2019.pdf

 

Deloitte

Course information

The adverse effects of human activity on the climate and society are now matters of grave concern. There is also the recognition that graduates are not insufficiently trained to meet the challenges of mitigating the harmful effects of economic activities.

This new MSc in Sustainable Finance aims to help you develop the financial and analytical tools to bridge the gap between the traditional approaches to financial decision-making and the concept of financial sustainability, where Sustainable Finance is the main pillar of the course. The course is interdisciplinary and draws on environmental economics, governance, finance and risk management, law and regulation and carbon accounting. It aims to provide you with the skills needed to understand and help resolve some of the problems facing the national and global economy in meeting sustainable development goals. The course is flexible to accommodate your employment situation, such that you can enrol for the Certificate, Diploma or the full MSc degree. If you pursue the full MSc, you will be able to choose one of two distinct Pathways that emphasizes: i) Socially Responsible Investment and Carbon Reporting (Pathway A); and ii) Islamic Portfolio Management and Islamic Sustainable Finance (Pathway B). You will also be able to undertake your dissertation in Sustainable Finance at The Institute of Responsible Business Economics and Society, under the supervision of established academic researchers at The Centre for Corporate and Financial Integrity. The aims of the course are in line with the United Nations’ Sustainable Development Goals.

Modules

Overview

Semester 1 introduces you to the core areas of Sustainable Finance. You will also cover material on qualitative and quantitative Research Methods, to help you understand the techniques used to evaluate financial problems relating to Sustainable Finance. Semester 2 covers more advanced material on Sustainable Risk Management, and Law, Ethics and Sustainability, in addition to material on Social Responsible Investment and Carbon Accounting, or Islamic Portfolio Management and Islamic Sustainable Finance, depending on your choice of Pathways. Together, both semesters will prepare you for your Dissertation in Semester 3.

Modules

  • Semester One Course Module 1

    Module: Corporate Sustainable Finance

    Number of credits: 15

    Description of module: This module provides an in-depth understanding of sustainable finance especially in the areas of sustainable development goals (SDG’s), inclusion, access to finance, social and economic justice, human welfare, impact investing and economic growth. Sustainable finance can provide a model for social responsibility and, sustainable changes in the financial system. In addition, this module provides an in-depth understanding of the social and environmental pressures facing the current financial system and explores how sustainable financial strategies can create long-term value for business and society.

    Compulsory/optional: Compulsory

    Assessment: 3,000-word Individual Assessment (100%)

     

  • Semester One Course Module 2

    Module: Research Methods

    Number of credits: 15

    Description of module: This module will enable students to identify and reflect on a range of skills and issues relating to postgraduate learning in business and management research, with specific reference to Sustainable Finance. The module will cover research methods, research design, hypothesis testing, estimation techniques and methods, and the interpretation of statistical results, so that students are familiarised with the standard research approaches when undertaking their dissertation. The aims of this module are twofold: i) to enable students to produce a workable research proposal; and ii) to develop the research skills needed to undertake a research project. The distinctive features for this module are: i) it provides a conceptual understanding of business and management research, especially in the context of Sustainable Finance; ii) it enables students to prepare a research proposal for their dissertation; iii) it allows students to be familiar with the research methods and techniques that will enable them to complete their dissertation.

    Compulsory/optional: Compulsory

    Assesment: 2,000-word Group Report (5 Credits) 

                           2,000-word Individual Report (10 credits) 

     

  • Semester One Course Module 3

    Module: Sustainability and Governance

    Number of credits: 15

    Description of module: This module provides an in-depth understanding of the key issues relating to sustainability and governance. It provides a critical understanding of the influences of national and global regulation to achieve sustainable financial outcomes. The module takes a global perspective and incorporates the concept of a shared global economy, where national, global and social values are prioritised over the excesses of particular groups, countries or individuals. The module considers prevailing corporate governance norms and managerial power, and how they impinge on financial markets and society. It reflects the growing awareness in society of the need to creating long-term shareholder value, while balancing conflicting social and economic interests.

    Compulsory/optional: Compulsory

    Assessment: 2-hour Exam (100%)

  • Semester One Course Module 4

    Module: Environmental Economics & Finance

    Number of credits: 15

    Description of module: Debates on environmental problems and what to do about them are increasingly taking centre stage in society. Governments are enacting environmental laws and regulations. Businesses are trying to rise to the challenge of not only complying with laws and regulations but are also going ‘beyond compliance’ as part of their purported social agenda. This module aims to explore the uses of economic and financial analysis to investigate the causes, consequences and possible solutions to problems of environmental degradation. The module also focuses on the use of an economic lens to critically investigate the concept of sustainability and its practical implications for businesses and national economies.

    Compulsory/optional: Compulsory

    Assessment: 2-hour Exam (100%)

  • Semester Two Course Module 5

    Module: Sustainability and Risk Management

    Number of credits: 15

    Description of module: A firm operating today faces important risks relating to the environment including climate change. The purpose of this module is to provide in-depth understanding of the key risks facing the firm and how these risks are linked to economic activity. Specific consideration will be given to the different types of risks, their measurement, assessment and mitigation, and the role of internal control systems. The role of governance and regulation, and how financial markets facilitate the pricing of certain risks will be considered. The contribution of both theoretical and empirical works in enhancing understanding will be emphasized, as well as risks relating to operations, regulation and reputation, and the effects of climate change.

    Compulsory/optional: Compulsory

    Assessment: 2-hour Exam (100%)

  • Semester Two Course Module 6

    Module: Law, Ethics and Sustainability

    Number of credits: 15

    Description of module: Legal rules on ethics and sustainability are important requirements that business enterprises must abide by. At the global, national, and transnational levels, various ethics and sustainability laws have emerged to govern the behaviour of businesses in relation to their customers, their staff, the environment, and other stakeholders. In areas where binding legal standards have not yet developed, so-called ‘soft-law’ standards are emerging that, although not formally binding, increasingly command compliance in the corporate world. This module focuses on the role of law with respect to ethical and sustainability issues. The issues that will be closely investigated include the fight against financial crime, environmental sustainability, and human rights protection. The aim of the module is to help students appraise the various globally recognized legal principles, standards, and frameworks governing ethical and sustainability issues in corporate practice. Students will examine relevant international treaties, UN documents, industry self-governance instruments, and landmark national legislation from different countries with respect to the substantive issues. They will also identify existing legal gaps and challenges in ensuring corporate compliance with ethics and sustainability laws, using case studies.

    Compulsory/optional: Compulsory

    Assessment: 2-hour Exam (100%)

  • Semester Two Pathway A

    Either both Pathway A modules, OR both Pathway B modules 

    Pathway A

    Module: Carbon Accounting & Reporting

    Number of credits: 15

    Description of module: This module provides an in-depth understanding of the key issues associated with carbon accounting and reporting. It provides a critical understanding of the how climate change has engaged policy makers, legislators and communities to drive the agenda for carbon accounting and reporting. The module addresses the challenges facing economists and accounting standard setters to reliably measure carbon emissions and the convergence of approaches across countries. Different approaches to carbon accounting and how they influence carbon reporting, sustainable finance, and accommodate social and global interests are considered.

    Compulsory/optional: Compulsory

    Assessment: 2,000-word Group Report (5 Credits) 

                            2,000-word Individual Report (10 credits) 

     

    Module: Sustainability and Socially Responsible Investment

    Number of credits: 15

    Description of module: With the UN’s sustainable development goals been highly ranked in the global corporate and social agenda, an increasing number of investors require such principles to be incorporated within companies’ investment practices. This has led to the emergence of a new financial industry, that of Sustainable and Responsible Investment funds (SRIFs) which aims to create positive impact investing and support the most sustainable companies across the globe. The aim of this module is to familiarise students with the key principles, theoretical and technical aspects of sustainable and responsible investing. Students will examine a variety of different approaches to socially responsible and sustainable investment management including strategic allocation, evaluation of investment performance, Ethical, Social and Environmental (ESG) portfolio diversification, etc. Students' learning is facilitated in this module by initially examining the underlying theories and how the theoretical concepts are applied in practice through the use of case studies and problem-based learning.

    Compulsory/optional: Compulsory

    Assessment: 3,000-word Individual Assessment (100%)

  • Semester Two Pathway B

    Either both Pathway A modules, OR both Pathway B modules 

    Pathway B

    Module: Islamic Portfolio & Asset Management

    Number of credits: 15

    Description of module: The aim of this module is to familiarise students with the key principles, theoretical and technical aspects of Islamic asset management as well as the effects of the Sharī'ah board, hedging funds, and capital markets. It also aims to explore and analyse the differences between conventional and Islamic asset and portfolio management. This module also aims to provide an in-depth understanding of Islamic asset and portfolio management, including the types of funds offered and their operational procedures. Students will examine a variety of different approaches to managing Shari'ah-compliant financial assets, such as mutual funds, equity, Sukuk, Ijarah, and commodity funds and whether they are an attractive alternative for investors. Students' learning is facilitated in this module by initially examining the underlying theories and how these theoretical concepts are applied in practice through the use of case studies and problem-based learning.

    Compulsory/optional: Compulsory

    Assessment: 2,000-word Group Report (5 Credits) 

                             2,000-word Individual Report (10 credits) 

     

    Module: Islamic Sustainable Finance

    Number of credits: 15

    Description of module: This module is concerned with issues in Islamic sustainable and green finance. Traditional economic theory is contrasted with Islamic economic theory and concepts of ownership and wealth. The relationship between prosperity and Islamic economic theory is explored. At the same time, this module provides an in-depth understanding of Islamic sustainable finance especially in the areas of sustainable development goals (SDG’s), inclusion, access to finance, social and economic justice, human welfare, impact investing, and economic growth. In addition, through the Maqasid al Sharia – Islamic moral economy values - the use of Islamic finance to support “green” investments/Sukuk to finance green sustainable projects will be also explored. Regardless of religious considerations, Islamic finance microcosm provides a contemplative model for serious ethical reform. The influences of socially responsible, sustainable changes in the financial system on Islamic markets are also explored.

    Compulsory/optional: Compulsory

    Assessment: 3,000-word Individual Assessment (100%)

  • Semester 3

    Module: Dissertation

    Number of credits: 50

    Description of module: A 10, 000-word individual research-based dissertation on an approved topic relating to an area covered in the course. Students will formulate and develop the relevant research questions, hypotheses and research design, and use appropriate software (Stata, Nvivo) to test their hypotheses.

    Compulsory/optional: Compulsory

    Assessment: Individual Work (100%)

    Module: Leading Strategic Change through Creativity and Innovation

    Number of credits: 10

    Description of module: 3,500 individual report providing critical analysis of a live organisation. 

    Compulsory/optional: Compulsory

    Assessment: Coursework (100%)

     

    22 contact hours for each 15-credit module

We regularly review our course content, to make it relevant and current for the benefit of our students. For these reasons, course modules may be updated.

In more detail...

  • Sustainable Finance.
  • Sustainability and Governance
  • Sustainability and Risk Management
  • Ethics and Sustainability
  • Carbon Accounting
  • Islamic Sustainable Finance
  • Law

How you’ll learn.

The course is taught using a mixed of seminar, lectures, group work and individual assignments. Mini case studies, and short Q&A activities will be undertaken during lectures. Teaching will include the use of digital media, statistical software packages, and financial databases. There will be individuals and group presentations.

  • You will be taught by members of the Centre for Financial and Corporate Integrity who have long-standing teaching and learning, and research experience
  • You will have access to a suite of databases including Wharton Research Data Services (WRDS), Refinitiv Workspace which includes Datastream, IBES and Worldscope, in addition to FAME, BoardEx and Bloomberg. Bloomberg provides both historical and live market trends and data, that can help you develop artificial trading strategies in their own time
  • You will have exposure to the research undertaken at the Centre for Financial and Corporate Integrity, as well have the opportunity to attend research seminars
  • You will be provided with the critical knowledge of the appropriate analytical and quantitative tools to apply when solving financial problems, and hands-on learning experience in certain areas

 

Assessment is by a mix of Individual Course Work, Group Course Work and 2-hour exam, plus a 10,000-word Dissertation

For the full MSc, half of your taught modules (60 credits; 4 modules) are assessed by 2-hour examination per module, equally spread across two semesters.

The remaining modules will be assessed by individual Report and Group Work including and Individual Dissertation.

22 contact hours for each 15-credit module

Entry Requirements

A minimum of a second-class honours undergraduate degree (minimum of 2:2) or equivalent with an appropriate business or finance background.

Appropriate work experience in the financial sector together with relevant professional qualification(s). Where necessary, applicants are interviewed, especially those that do not appear to meet the standard admission criteria. Where deemed appropriate, a written exercise may be administered to establish suitability.

A minimum of a second-class honours undergraduate degree (minimum of 2:2) or equivalent with an appropriate business or finance background.

Appropriate work experience in the financial sector together with relevant professional qualifications. Where necessary, applicants are interviewed, especially those that do not appear to meet standard admission criteria. Where deemed appropriate, a written exercise may be administered to establish suitability.

English as a Foreign Language: English as a Foreign Language – a minimum of 6.5 or equivalent on the IELTS with no component lower than 6.0. Recognition for Prior Learning (RPL) is in accordance with University regulations

Our International Student Hub offers information on entry requirements for your country, as well as contact details for agents and representatives should you need more advice.

More detail

Tuition Fees

We pride ourselves on offering competitive tuition fees which we review on an annual basis and offer a wide range of scholarships to support students with their studies. Course fees are calculated on the basis of what it costs to teach each course and we aim for total financial transparency.

Starts

Fee


September 2022

TBC (per year)


Scholarships

If you're a truly outstanding undergraduate candidate we may be able to offer you a Coventry University Scholarship. Coventry University Scholarships are awarded to recognise truly exceptional sports achievement and academic excellence.

Starts

Fee


September 2022

TBC (per year)


International Scholarship

We offer a range of International scholarships to students all over the world. For more information, visit our International Scholarships page.

Course essentials – additional costs

We are committed to communicating study costs clearly to make sure you not faced with incurring unexpected expenditures. This is why our ‘Flying Start’ package provides you with additional essentials. Your full-time fee for your course include the following: UK field trips • Any mandatory site visits and trips within the United Kingdom. Key material • This can include some core lecture material, e.g. lecture slides, software and equipment Laser prints • 1,000 A4 sides of black and white laser printing credits per year Optional year • Pay no tuition fees for optional work placements or study abroad trips The following are additional costs not included in the fees: Any optional overseas field trips or visits: £400+ per trip.

Career prospects

Graduate Immigration Route visa

Based on current information from the UK Government, international students whose study extends beyond summer 2021 may be eligible for a visa under the UK Government’s Graduate Immigration Route, which will enable students to stay and work, or look for work, in the UK at any skill level for up to two (2) years. Check the most up to date guidance available to check your eligibility and any updates from the UK Government before making an application or enrolment decision.

The course is suitable for those wishing to pursue a career in Sustainable Finance where decision-making and the allocation of resources have implications for sustainability and society. The course will enhance your prospects if you wish to pursue a career in commercial firms, national governments, local authorities, international organisations, and non-for-profit making organisations.

Further study

This is an advanced course in Sustainable Finance and will be suitable for doctoral studies.

Disclaimer

By accepting your offer of a place and enrolling with us, a Student Contract will be formed between you and the university. A copy of the 2021/22 Contract can be found here. The Contract details your rights and the obligations you will be bound by during your time as a student and contains the obligations that the university will owe to you. You should read the Contract before you accept an offer of a place and before you enrol at the university.

The tuition fee for the course that is stated on the course webpage and in the prospectus for the first year of study will apply. We will review our tuition fees each year. For UK and EU students, if Parliament permit an increase in tuition fees, we may increase fees for each subsequent year of study in line with any such changes. Note that any increase is expected to be in line with inflation. Following the UK’s exit from the European Union, EU students should be aware that there may be a change to UK laws following the UK’s exit, this may change their student status, their eligibility to study part time, and/or their eligibility for student finance. We will act in accordance with the UK’s laws in force in relation to student tuition fees and finance from time to time.

For International students the tuition fee that is stated on the course webpage and in the prospectus for the first year of study will apply. We will review our tuition fees each year. For international students, we may increase fees for each subsequent year of study but such increases will be no more than 5% above inflation.