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Published
(Updated )
Hanken School of Economics
Climate Risk and Accounting
5 cr
This course aims to equip participants with a comprehensive understanding of the interplay between climate risk and accounting. It focuses on the implications of climate change on financial reporting, risk management, enterprise value and strategic decision-making in the context of accounting (and reporting). For this, major frameworks and standards such as the EU taxonomy, TCFD, CDP and the Science Based Targets Initiative are introduced and Climate scenarios from NGFS and IPCC are discussed and employed in practical simulations and calculations in Excel. The interplay of macro and micro risks, their corresponding economic transmission channels towards accounting line items and the corresponding modelling on the enterprise value using DCF and Monte Carlo Simulations is a major part of the practical guidance for students.
Contains
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No active implementations at present.
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Additional information:
Fields
Business, administration and law
Scope
5 cr
Code
21050
Organiser
Hanken School of Economics
Contact details
open@hanken.fi