ESG Produkt Logo

Certified Environmental, Social and Governance Analyst (CESGA®)

“In total, more than 1,500 asset managers from around the world already hold the world-leading CESGA® title from the European Federation of Financial Analysts Associations (EFFAS)”

Contact

Start date

ESG Training

at any time

Price: 1.550 €
plus VAT.

Profit from the global development and become an ESG Expert with the international ESG Training Program

ESG criteria form the pillars of the future sustainable financial industry. The consideration of this extra-financial information has become enormously important for both private and institutional investment decisions and EU regulations will accelerate this development even further. The “CESGA – Certified Environmental, Social and Governance Analyst” Training Program provides information of the role of ESG in the investment process. Upon completion of the program, participants will develop an understanding of thae:
Play Video

TABLE OF CONTENT

Module 1

ESG - an Introduction
The objective of this module is to draw the participants’ attention to the state of the art of ESG. What are the recent market trends and strategies? It reviews the similarities and differences between ESG, RI, SI, SRI, impact, engagement, non-financial terms, and the additional financial terms necessary for application in investment management.

Module 2

Recent Developments of ESG integration
The conceptual framework is tested to work ESG aspects into making investment decisions. This module describes the reasons and barriers for using ESG, its implications, the regulatory framework, and critical ESG market drivers. We also discuss how to prove that ESG factors are essential.

Module 3

Responsible investing across asset classes
This module aims to describe approaches to ESG from the perspective of portfolio management, analyzing ESG in different asset classes with a focus on bonds and impact investment.

Module 4

ESG Reporting
This module focuses on corporate ESG reporting. It will discuss the difference between mandatory and voluntary disclosure as well as difference reporting frameworks (e.g., EFFAS, GRI, TCFD, Integrated Reporting).

Module 5

Investment Process Chain
The ESG integration process described in the investment process is essential for understanding the integration of ESG in the valuation process. We discuss methodologies for the development of investment policies, allocation and asset selection, and the process of monitoring and reporting.

Module 6

Approaches of data analysis: data availability, quality, and usage
This module will identify the general challenge of different data sources and the identification of material data in combination with the identification and measurement of ESG data.

Module 7

ESG Integration in Analysis
Here we present the measurement of the different components of E, S, and G. We will analyze sector-specific characteristics and highlight the consistency with the business model.

Module 8

ESG Integration in Valuation
Participants study, through practical examples, the integration of ESG in the process of evaluation of investments, identifying value drivers’ impact on cash flows, beta, external costs, etc. We will study and investigate the integration of KPIs in pricing models like DCF and multiples.

Module 9

Investment decisions in the context of the investment process chain
An in-depth analysis of the investment decisions in the process chain, which builds on the basics of the investment process chain in Module 5. Mainly we will discuss Asset Allocation, Security Selection process, Portfolio construction, and the final Investment decision.

Module 10

Case study
The case study will integrate all the knowledge and skills the students have gained in the other modules to enhance the usefulness of the program for their daily work.

course STRUCTURE

The EFFAS and DVFA online ESG training program offers participants extensive access to study material (learning films, handouts, and case studies). The content is available to participants for six months. Depending on previous knowledge, we recommend about 70 to 90 hours for processing and preparing for the exam. After working through the material, the DVFA, in cooperation with EFFAS, offers a final examination.

The exam takes two and a half hours to complete and comprises 120 points. The exam consists of multiple-choice tasks (50%) and a case study (50%). The exam is passed if a total of half or more of the 120 points and at least 30 percent in each of the two parts is achieved.
The exam is expected to be offered four times a year. Please refer to the registration form for the exact dates. All materials and the exam are in English.

TARGET GROUP

The CESGA® programme is particularly aimed at financial analysts and portfolio managers who want to integrate ESG data in their capital allocation processes, but also, in general, all investment professionals increasingly committed to ESG issues.

Other specialists such as corporate sustainability officers, investor relations, auditors and consultants will find this course interesting to develop a better understanding of the needs of capital markets in terms of ESG information. Summing up it is ideal for asset owners, asset managers, corporate consultants, financial planners, and family offices who wish to embrace ESG integration holistically.

Our Experts

The CESGA® Training Program consists of an international team under the scientific direction of Prof. Dr. Alexander Bassen, University of Hamburg.

Aurélie de Barochez, CIIA

Corinne Baudoin, CEFA

Gunnar Friede, CEFA, CIIA

Hendrik Garz, PhD

Andrea Gasperini

René Nicolodi, PhD

Susana Peñarrubia Fraguas, CFA, CESGA

Ramón Pueyo

Teresa Royo, CESGA

Felix Schnella, CFA

Statements of our CESGA® graduates

Scroll to Top

Start date

ESG Training

at any time

Price: 1.550 €
plus VAT.

Downloads

Contact