Ética e "ESG Standards"
Objectives
This course aims at providing students tools and establish criteriums to
answer the key ethics question: “What is the right thing to do in this specific
situation in which I am involved?”. It also addresses processes and tools that
can be implemented to: (1) detect and avoid non-ethical contexts; (2) promote
and disseminate ethical behaviors, and (3) consequences of non-ethical
conducts. Finally, it addresses the growing importance of ESG and responsible
investment in financial markets and its impact in corporate strategy.
General characterization
Code
14507
Credits
2
Responsible teacher
Rodrigo Tavares
Hours
Weekly - Available soon
Total - Available soon
Teaching language
Portuguese | English
Prerequisites
Available soon
Bibliography
Rushworth M. Kidder, “How Good People Make Tough Choices Rev Ed:
Resolving the Dilemmas of Ethical Living”, HarperCollins, Nov 4, 2009.
Alexander
V. Laski, The Handbook of Financial Communication and Investor Relations
(Handbooks in Communication and Media), WILEY Blackwell
Rushworth
M. Kidder, “Moral Courage”, HarperCollins Mar 17, 2009.
António
Pinto Leite, “O Amor como Critério de Gestão”, Príncipia, June 2012.
João
César das Neves, “Introdução à Ética Empresarial” (2ª Edição revista e
atualizada), Principia, setembro de 2014
“Guidance
and case studies for ESG integration: Equities and fixed income.”, CFA
Institute and Principles for Responsible Investment, 2018.
“The
Evolution of ESG Investing From Ethical Concern to Corporate Value”. Kawaguchi,
Mariko. 26 May 2017
Briefing
paper: “Financial Performance of ESG Integration in US Investing”, 20 February
2018 (https://www.unpri.org)
Teaching method
This is an applied course and thus relies considerably on class
discussion of case studies, and therefore requires preparation in advance of
each class. Additionally, there are two cases, one per each lesson, that are
take-home work in groups of 3-5 students.
Evaluation method
The assessment of this CU is done together with the block of CUs of the
same area of knowledge. This assessment has 3 moments, which together define
the final grade of the CU:
•Individual
exam with a weighting of 50% of the total mark
•Group
work with a weighting of 35% of the total grade value
•Individual
reflection-action exercise carried out at the end of the curricular unit, with
a weighting of 15% of the total grade value. The set of individual action-reflection
exercises is a journaling activity, which will constitute a learning portfolio
capable of synthesising the contributions of the Executive Master for that
student.
Subject matter
The main topical studies to be covered are: (1) Ethics: definition and
generic perspective; (2) Business Ethics: Principles, objectives and benefits,
including the role of auto-regulation and Code of Ethics and of external
regulation and what is and how to prevent the fraud triangle; (3) The relation
between issuers and investors: the role of financial communication; (4) Ethics
in Financial markets: How the capital markets have been dealing with ethical
issues, and (5) ESG and responsible investing: historical perspective and
current context, its growing importance in capital markets and consequences of
this prominence in corporate strategy.