Key theoretical issues in Finance and its evolution
Tiago Gonçalves

From Finance to ESG, theory, and models
Tiago Gonçalves

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Lunchtime Talk
With a Guest Speaker

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Non Financial Reporting  - CMVM Model and European Trends
Victor Barros

Corporate governance, stakeholders and new capitalism models
Victor Barros

 

Environmental issues: The Paris Agreement - Origin, challenges, and opportunities for companies
Paulo Canaveira

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Lunchtime Talk
With a Guest Speaker

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Carbon footprint CO2 calculation basics Energy and Business Opportunities
Filipe Vasconcelos

Environmental issues: Ecosystem Services - what they are, what they mean
Gil Penha-Lopes

Environmental issues: Valuing Ecosystem Services
Nuno Oliveira

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Lunchtime Talk
With a Guest Speaker

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Circular Economy: theory, business models, strategies, concrete examples
Mariale Moreno

 

Sustainability Reporting: From GRI, to TCFD, TNFD and new EU Directive
Sofia Santos

Governance Models: The Enlighted Shareolder Model and Stakeholder Model
Sofia Santos

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Lunchtime Talk
With a Guest Speaker

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Sustainability Reporting: Company presentation
Invited Guest

Sustainability Reporting: Work group
Sofia Santos

 

EU Regulations: Taxonomy
Flavia Micilotta

EU Regulations: SFDR
Flavia Micilotta

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Lunchtime Talk
With a Guest Speaker

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SFDR application: Practical case at Grosvenor House of Investment
Grosvenor House of Investment

SFDR application and EU Taxonomy application: Practice and HCapital
HCapital

ESG Asset Management: OFI Asset Management Case
Eric Van La Beck

ESG Fund presentation
International Fund

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Lunchtime Talk
With a Guest Speaker

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Data and Ratings: the existing market and options
Miguel Martins and Lia Barberi

Data and Ratings: Work group
Sofia Santos

 

Green, Social and Sustainable Bonds
Crédit Agricole

Green bonds: How to do and waht implies
Brian Robertson

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Lunchtime Talk
With a Guest Speaker

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Green bonds: Case study presentation - Pestana
Pestana

Social bond - Case study presentation
Portuguese company

 

Climate Finance at international level
Rick Nogueira

B Corp and Social Enterprises
Sofia Santos

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Lunchtime Talk
With a Guest Speaker

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Presentation of Group Work, Wrap up and Takeaways
Clara Raposo, Sofia Santos, and Miguel Martins

 

This course will be taught in English.

 

Principles of Finance
Overview of Portfolio evaluation theories
Project Risk Assessment
Sustainable Finance theory
ESG investments - the theory behind 
The ESG Industry: Facts and Figures
New ESG portfolio risk analysis
New ESG credit risk analysis

 

Origins of the Paris Agreement
International, European and National Commitments
Carbon neutrality commitment
Implications for Countries
Implications for Companies
Circular Economy strategies
Circular Economy Business Models
Challenges and opportunities for companies

 

The meaning of biodiversity, ecosystem services, and its connection with economic growth
The importance of ecosystem systems for companies and for the economic system
The Risk and Opportunities for Companies
Nature-Based Business Models

 

Sustainability Reporting: From GRI, to TCFD, TNFD and New EU Directive.    

Governance Models: The Enlighted Shareholder Model and the Stakeholder Model

Sustainability Reporting: Company presentation 

Sustainability Reporting: Work Group

 

EU Regulations: Taxonomy 

EU Regulations: SFDR          

SFDR application: Practical case at Grosvenor House of Investment     

SFDR application and EU Taxonomy application: Practice at Hcapital

 

ESG Asset Management: OFI Asset Management Case     

ESG Fund presentation: International Fund

Data and Ratings: the existing market and options          

Data and Ratings: work group   

 

Green, Social and Sustainable Bonds         

Green bonds: how to do and what implies 

Green bond Case study presentation by a Portuguese company            

Social bond -  Case study presentation by a Portuguese company 

Climate Finance at international level                   

B Corp and Social Enterprises         

Group Work Presentations

Wrap up and Takeaways 

• 

  Gabriela Figueiredo Dias

  CEO, CMVM
• 

  Inês dos Santos Costa

  Secretary of State for the Environment in the XXII Government of the Portuguese Republic
• 

  Isabel Ucha

  CEO, Euronext Lisbon
• 

  João Pedro Matos Fernandes

  Minister for the Environment and Climate Action
• 

  José Theotónio

  CEO, Grupo Pestana
• 

  Jorge Moreira da Silva

  Director, OECD Development Co-operation Directorate
• 

  Miguel Stilwell d'Andrade

  CEO, EDP
• 

  Pedro Fino

  CFO, Grupo Pestana
• 

  Pedro Siza Vieira

  Minister of State of the Economy and of Digital Transition
• 

  Ricardo Mourinho Félix

  Vice-President European Investment Bank
• 

  Sebastien Soleille

  Global Head of Energy Transition and Environment, BNP Paribas

• 

  Clara Raposo

  Coordinator

  Dean and Full Professor of Finance, ISEG Lisbon School of Economics & Management

   

  Clara is the Dean of ISEG - Lisbon School of Economics and Management of Universidade de Lisboa, where she is a Full Professor in Finance of the Department of Management. With a PhD in Finance from London Business School, she was previously a University Lecturer of Finance at the Said Business School of the University of Oxford and a Tutorial Fellow of Management at St. Edmund Hall College, University of Oxford. Her academic work has been published in the top finance journals. She is a Member of the Lisbon Academy of Science, for Economics and Finance. Clara is an Ambassador for the United Nation's Global Compact (Aliança ODS Portugal) Sustainable Development Goal #4.
• 

  Sofia Santos

  Coordinator

  Consultant, with specialisation in Climate Finance & Certified ESG Analyst

   

  Sofia has a PhD from Middlesex University, UK, with a dissertation on how banks can contribute to sustainable development. She is a certified ESG analyst from the European Federation of Financial Analysts. She is a consultant in climate finance and sustainability for several Portuguese and international organisations. Sofia was the Secretary-General of BCSD Portugal and worked as a specialist in the Office of the Minister for the Environment and Energy Transition. She was the Coordinator of the Reflection Group for Sustainable Financing of the Ministry of the Environment and Energy Transition, in partnership with the Ministry of the Economy and the Ministry of Finance and is also the author of several books on the link between banking and sustainability.
• 

  Acssana Mendes

  Acssana Mendes joined Crédit Agricole CIB Sustainable Banking Team in Paris as an Analyst in September 2017. She is now an Associate who will soon relocate to Madrid. In this role, she in charge of originating, structuring and executing transactions with environmental and social benefits for a broad range of clients (Sovereigns, Supranationals, public agencies such as local authorities as well as financial institutions and corporates) in the Iberian Peninsula and Sub-Saharan Africa. Acssana holds a Master degree in Finance and Strategy from Sciences Po Paris. During her master programme, she interned at Triodos Bank in Paris and Le Comptoir de l’Innovation, an impact investing fund dedicated to SMEs
• 

  António Lorena

  António possesses more than 10 years of experience areas of the circular economy, waste management, and public policy. Is responsible for strategic and public policy projects at 3 Drivers. Coordinated several projects on the topics of the circular economy, the efficient use of resources, and waste management: such as the revision of the National Waste Management Plan, the Strategy for the Efficient Use of Resources, and the 'Circular Synergies' study designed to promote industrial symbiosis. Was the author of the EC Eco-innovation Country Report for Portugal in 2016 and 2018 and one of the co-authors of the Thematic Research & Innovation Agenda for the Circular Economy. He combines his consultancy activity with carrying out research at IN + ? Centre for the Study of Innovation, Technology, and Development Policies, where he concentrates on such topics as the environmental and economic impacts of waste management and the design of circularity policies.
• 

  Brian Robertson

  Brian is an environmental economist and works in sustainable finance as the Senior Manager of Certification for the Climate Bonds Initiative, a global, investor-focused not-for-profit that is working towards mobilising the $100 trillion bond market for climate-change solutions. Brian earned his Ph.D. (2015) from the Centre of Ecological Economics at the Carl von Ossietzky Universität Oldenburg, his M.A. (2003) from the Instituto Universitário de Pesquisas do Rio de Janeiro, and his Hon.B.A. (2001) from the University of Toronto.
• 

  Duarte Costa

  With a 20 years’ experience in the Asset Management Industry, Duarte is currently Founder & Managing Partner of Grosvenor House of Investments, a Venture Capital Firm that focuses its activity on Sustainable Investments with high levels of Innovation. He started his career in the Management and Insurance areas, first in Champalimaud Group, and later at Caixa Geral de Depósitos, having made part of several expansion projects of these business units. Concerning the Investment Funds ecosystem, Duarte had the opportunity of integrating some management teams with particular focus on developing Portfolios and Asset Management as well as on Fund Raising. With a specialization in Governance Performance by Harvard Business School and certified as ESG Analyst by EFFAS (European Federation of Financial Analysts Societies), Duarte has dedicated the last years of his career to the Sustainability area – on the Asset Management and Fund Investment markets.
• 

  Eric Van La Beck

  Eric has worked in the area of sustainable investment funds since 2007, when he started working for the Macif Group. Previously held various positions in banks and insurance companies, where he developed a significant knowledge of the financial sector. Bachelors from the Institute of Political Sciences in Paris, and he received the professional governance certificate from the Institut Français des Administrateurs in 2016.
• 

  Fernando Araújo

  Fernando Araújo has a degree in accountancy and management from Instituto Superior de Contabilidade e Administração do Porto (ISCAP) and a specialist diploma in financial control from Instituto Superior de Contabilidade e Administração do Porto (ISCAP). He has been a statutory auditor (chartered accountant) since 1995. He has a degree in law from Universidade Lusíada do Porto. He has post-graduate qualifications in advanced financial accounting (ISCTE), in tax law (Universidade de Lisboa, Faculdade Direito and in corporate governance (Instituto Superior de Economia e Gestão de Lisboa). He started his professional career in Sportrade, and was subsequently head of accounts at Eurofer. He worked in the field of tax management at KPMG, and was Senior Tax Manager. He was head of Tax Management and Accounts at Secil, at SEMAPA, and in the Company. He has been an executive board member of the Company since April 2007.
• 

  Filipe Vasconcelos

  Filipe is a founding partner of S317 Consulting, an energy and climate consulting company which is based in Portugal, where he leads project teams that support the development of new energy and water markets in Europe, Africa, and Latin America. He started his career in 2001 at Accenture in the area of energy, having joined EDP in 2003, where he worked in the areas of environment and sustainability and the smart grid. Was an advisor to the Secretary of State for Energy between 2011 and 2012 and Director-General of Adene until 2014. Holds an MBA from the London Business School.
• 

  Flavia Micilotta

  Flavia has held a number of steering roles in the sustainable investing space in the last few years working for different actors in the financial value chain. From leading the sustainability practice at Deloitte to supporting capital markets players as Director of the Luxembourg Green Exchange, Flavia has developed an excellent network in the sustainable investment space from Brussels and within Europe and was previously Executive Director of Eurosif. A founding member of the UN Global Compact in Belgium, Flavia has developed much of her career working with companies to improve their transparency and accountability through material and forward-looking sustainability reporting. A member of EFRAG’s EU reporting Lab and of the EIOPA Occupational Pension Stakeholder Group, Flavia has supported the work of the European Commission to devise a sustainable finance framework as member of the High-Level Expert Group on Sustainable Finance (HLEG) and later Technical Expert Group (TEG).
• 

  Lia Barberi

  Master’s in management and a degree in Finance and Accounting from ISCTE-IUL. Worked in companies such as PwC and the PRI and has been developing expertise in Sustainable Finance, Risk and ESG Criteria Integration as well as European Regulation Compliance. Diploma in Sustainability Management from University of Cambridge.
• 

  Mariale Moreno

  Circular Economy Senior Consultant, 3drivers

  Senior consultant and project manager with extensive experience on capacity building activities for the private and public sectors, through design thinking and system thinking techniques. Expertise in circular economy ,human-centered design, data-driven innovation, and interested in behavior change and how technology can be used to foster a more sustainable world.

  Extensive experience in: developing learning programs and capacity building activities; conducting design research using quantitative and qualitative data collection methods for a range of projects; Organizing and delivering different events, workshops and activities for different audiences to promote, engaged, and inspire about the circular economy using design thinking methodologies, working with a different range of people and organizations forming and in-depth work team experience and communicating effectively with pupils from different backgrounds by grounding system change problem solving techniques and by inspiring them to be the future leaders.
• 

  Miguel Lemos

  Miguel has a 30 years experience on global Financial Markets. Starting his career in Deutsche Bank in debt market, Miguel worked for 9 years in equity sales and prop trading in BBVA Midas, where he managed to outperform benchmark by more than 30% in 2001. Leveraging on his experience, he acted as an Investor Relations consultant to some of the largest Portuguese listed companies, including energy utilities, media and tech companies, contacting directly the most relevant global analysts and asset managers on a regular basis. Miguel has attended the Harvard Business School program ?Foundations of Venture Capital and Private Equity? and became in 2021 a Certified Environmental, Social and Governance Analyst (CESGA) by European Federation of Financial Analyst Societies (EFFAS).
• 

  Miguel J. Martins

  From 2000 to 2019, Miguel worked for IFC in the area of Innovation and Sustainability and was responsible for the identification, structuring, and implementation of innovative and sustainable solutions which contribute to the reduction of extreme poverty and stimulate the sharing of prosperity in emerging countries. Created and managed the team which competed in the Financial Times and IFC Transformational Business Awards ? a reference project in the area of innovation and sustainability ? which is often referred to as the ?Oscars of Sustainability?. He is currently a consultant for IFC, a Visiting Professor at Harvard University Graduate School of Design, where he lectures in the ?Happy Cities: Prosperous, Smart & Sustainable? Executive Education programme in both the USA and internationally. Worked at BPA and then Millennium bcp, where he was part of the team that set up Millennium BIM in Mozambique in 1995.
• 

  Nuno Oliveira

  Biologist, Ecologist (FCUL), co-founder of NBI – Natural Business Intelligence, start-up specialized in biodiversity, ecosystem services, natural capital and bioeconomy; Ecosystem Manager at the Esporão group; Member of the Porto Protocol Global Steering Committee and Scientific Advisor in R&D in Alentejo Wines. Lecturer in the Post-Graduations Sustainability Management (ISEG). Worked with WWF on the projects "New Generation Plantations" and "HABEaS-Hotspot Areas for Biodiversity and Ecosystem Services" and was part of the 'Earth Condominium' and 'Green Cork' team, coordinated by Quercus. Postgraduate in Geography and Spatial Planning (FCSH) and Strategy and Management (IST-UL).
• 

  Paulo Canaveira

  Paulo has extensive experience in international negotiations related to climate change and has accompanied Portuguese delegations since 1996 to several international congresses. Has participated in Climate Change negotiations since COP 9 in Milan. In Portugal, Paulo has coordinated the inter-ministerial group that proceeded with the production and development of the first National Strategy for Adaptation to Climate Change. As a consultant to the Ministry of the Environment, he was also involved in the National Climate Change Plan (PNAC), the National Low Carbon Roadmap 2050, and, more recently, the Roadmap for Carbon Neutrality 2050. Is currently an international consultant in the field of climate change and has carried out work for major organisations such as FAO, the Swiss Government, the European Confederation of the Paper Industry, the European Commission, and the Regional Government of the Azores.
• 

  Pedro Castro Henriques

  Pedro is an investment professional at HCapital since 2017. In addition to his responsibilities as a member of the investment and portfolio monitoring team, Pedro has been coordinating the implementation of HCapital?s ESG framework since 2020. This has entailed working with ESG specialists in devising a revised sustainability policy, implementing data collection/reporting routines, adjusting governance models to include ESG matters, ensuring compliance with domestic and EU-wide legislation and with the UNPRI, and coordinating the implementation of such matters both at the firm and at HCapital?s portfolio companies? levels. Pedro has c.9 years of experience working in the lower mid-market private equity industry in both Portugal and Spain. Prior to working in this industry, Pedro was an associate at PwC in its financial services advisory team in Lisbon. Pedro is a CFA charterholder, holds an MBA from INSEAD and an MsC and bachelor?s in economics from NOVA School of Business and Economics, in Lisbon.
• 

  Rick Nogueira

  Ricardo (Rick) Nogueira is an expert on climate finance, international development, and sustainable investing. Rick currently serves on the Board of the Green Finance Authority of Washington, DC (DC Green Bank). During the Obama administration he served as Senior Advisor to the U.S. Special Envoy for Climate Change at the U.S. Department of State where he oversaw climate finance negotiations and served as a U.S. board member on the Green Climate Fund (GCF), the largest multilateral climate fund. Prior to public service, Rick has an extensive private sector background as Managing Director at EEA Fund Management, where he was responsible for founding and managing a $400 million clean energy fund (Leaf Clean Energy Company). From 2000 to 2005, Rick was a senior associate at the law firm of Van Ness Feldman focusing on CDM transactions and climate policy. Prior to Van Ness Feldman, he spent 3 years with the Brazilian law firm of Felsberg & Associados. He holds a BA from Lafayette College and a JD from Seton Hall School of Law.
• 

  Rui Teixeira

  Rui Teixeira has a Graduate Degree in Advanced Management Program, AMP184, from Harvard Business School, a Master in Business and Administration from the Universidade Nova de Lisboa, and a Master degree in Naval Architecture and Marine Engineering from the Instituto Superior Técnico de Lisboa. He was a Consultant at McKinsey & Company, Project manager and ship surveyor for Det Norske Veritas, and Assistant director of the commercial naval department of Gellweiler – Sociedade Equipamentos Maritimos e Industriais, Lda. He is Chairman of EDP Gestão de Produção de Energia, S.A., CEO of EDP España, S.L.U., Member of the Board of Directors of EDP Energias de Portugal, S.A., Member of the Executive Committee of EDP Renováveis, S.A., and Member of the Board of Directors of EDP Renováveis, S.A. and interim CEO
• 

  Tiago Gonçalves

  PhD in Management (specialization in Finance and Accounting) from the University of Lisbon and an MBA from ISEG where coordinates the Master in Finance. Did his PhD studies at the University of California at Los Angeles (UCLA) and at HEC-Paris. Lectures Financial Analysis and Reporting and Corporate Finance at the undergraduate, masters and doctoral levels. Has extensive experience in executive training and consulting for companies and government agencies.

• 

  Víctor Barros

  Assistant Professor of Finance with a PhD in Management and a Master in Finance from ISEG - Lisbon School of Economics and Management of Universidade de Lisboa. CFA® charterholder and a certified accountant. Lectures in the area of Finance for Masters, Postgraduate, MBA and executives programmes. Board member NED and Chairman of the Audit Committee at INAPA IPG.

Each day of the programme has a theoretical component, followed by the presentation of concrete and real cases about the application of theory in the real life economy. 8 full days of learning about the future of business, split between June and September, with international, experienced speakers and exceptional guests for Lunchtime talks. Doing business in the future requires understanding a special blend of Nature, Finance, and Regulation - that is what you find in this programme.

The objective is for participants to understand the topics discussed through experimentation and active discussion of ideas, concepts, and their applicability. There will be several moments of brainstorming and group dynamics throughout the programme, including the presentation of concrete real life case studies, by different companies. 

5 Gulbenkian Green Skills Scholarship for Executives

To promote a more sustainable society and a low carbon economy, the Calouste Gulbenkian Foundation will award five scholarships, equivalent to the full tuition fee, for professionals with a high potential for influence and transformation within SMEs and startups, who want to transition to more sustainable business models and generate a positive social impact.

Apply for the scholarships here.

Check here for the scholarships evaluation criteria.

 

1 GROSVENOR - Grow Sustainable Scholarship

The GROSVENOR - 'Grow Sustainable' Scholarship results from a partnership between Grosvenor Investments and ISEG Executive Education. It aims to challenge entrepreneurs to develop highly innovative solutions in their areas of activity and to integrate sustainable goals and good environmental, social, and governance practices in their business models. The scholarship will be awarded to the most innovative idea that best contributes to a sustainable future.

Apply for the scholarships here.

Check here for the scholarship evaluation criteria.