MSc in Finance and Economics

M2: Sustainable Finance

Curriculum

Sustainable Finance is a track (or specialisation) within the MSc. in Finance and Economics at the University of Luxembourg. This track has been developed by academics and professionals with hands-on experience in sustainable finance and impact investing, from managing and modelling sustainability risks to performing ESG due-diligence of investments and developing ambitious sustainability strategies for leading financial institutions and public administrations worldwide. It covers the diverse aspects of risk and opportunity related to sustainability in the economy of tomorrow, offering a theoretically grounded and applied toolkit for an effective and successful starter in sustainable finance.

The Sustainable Finance track comprises five core modules (see below), electives and either an internship or a Master thesis.

 

Sustainable Finance Track Module:

THE FUNDAMENTALS

  1. From Sustainability to Sustainable Finance

FRAMEWORKS AND TOOLS

  1. Sustainability Frameworks and “tools” — part 1: practitioners and voluntary approaches
  2. Sustainability Frameworks and “tools” — part 2: regulatory and governmental approaches

FINANCIAL STRATEGY, IMPLEMENTATION AND RISK MANAGEMENT

  1. Instruments for Sustainable Finance
  2. Risk Management

SUSTAINABLE CORPORATE STRATEGY,  CREATING OUT-PERFORMANCE

  1. Sustainable Corporate Strategy and Leadership
  2. Sustainability Accounting and Reporting

ECONOMICS OF NATURAL HAZARD

  1. The Economics of Natural Hazards and Disasters

All modules are supported by real case studies developed with banking and investment practitioners. This ensures that students gain practical knowledge that can be later applied in the financial industry.

Finally, students are given the option to complete either an internship or a Master thesis.

  • Internship: Students intern within the public or private sector for a minimum duration 12 weeks (with the option to negotiate a longer placement depending on the availability of the student and hosting company/institution). Each student has to submit a field report. The topic of this report is coordinated between the student, the programme director of the Master, and the company supervisor. The Faculty of Law, Economics and Finance provides some support to students in obtaining a placement as well as drawing up internship contracts between the hosting institution and the student.
  • Master thesis: Topics for the Master thesis are coordinated together with the programme director and thesis supervisor. The Master thesis is an independent piece of research that should showcase a thorough understanding of the chosen topic as well as the appropriate research methodology.

Learning outcomes 

Upon successful completion of this track, students will be able to:

  • Appraise and challenge key approaches to sustainable finance;
  • Examine the robustness of emerging practices and tools, from multiple stakeholders' perspectives;
  • Assess the adequacy in terms of risk and opportunity of investment and financing approaches, from the project to the overall strategy;
  • Develop effective sustainable strategies for both private and public financial institutions;
  • Understand current and foster new ambitious rules and standards for the industry;
  • Evaluate and elaborate sound positioning on the looming controversies;
  • Identify leaders and laggards in the industry;
  • Be part of the next stream of innovation.

 

 

Prequisites

Successful completion of the first year (M1) of the MSc in Finance and Economics or any other MSc related programme. 

Equity & Fixed Income Analysis // Corporate Finance // Derivatives

Notice that the target audience of this track are students with a strong interest in acquiring advanced-level skills in the pioneering approaches to sustainability for the practice of business and finance.

Studiendirektor


M2: Sustainable Finance

Programme at a glance:

  • 60 ECTS (30 ECTS per semester)
  • Second year track of the MSc in Finance and Economics
  • Taught in English (optional course in French)
  • Intake: max. 20 students per year
  • €200 per semester