Enrollment
By February 26, 2025
Delivery mode
Onsite
March 26–28, 2025
Frequency
Location
Aalto University Töölö, Helsinki, Finland
Language
Finnish
Scope
Sustainable Investing
Employ ESG Information in Valuation and Investment Analysis
There is an evolving need for corporations to integrate ESG (environmental, social, and governance) variables into their investment analysis and respond to investors' demands for sustainability.
The Sustainable Investing program addresses the practice of incorporating ESG information into investment decisions. It provides the essentials of effective measurement, valuation, and integration of ESG into investment analysis.
The program is intended for investment and finance professionals who want to deepen their understanding of the impact of environmental and social responsibility and governance on financial markets. You will become familiar with the strategies investors deploy to pursue sustainability goals and will be able to critically evaluate the merits and drawbacks of sustainable investing.
This program also helps you to prepare for the CESGA (Certified ESG Analyst) examination, which is administrated in Finland by the Finnish Society of Financial Analysts.
"Practically all major institutional investors have committed to sustainable investing. However, implementations of this commitment differ. This program takes a critical look at the various approaches and helps to develop investment strategies that are not only sustainable but also financially viable."
- Samuli Knüpfer, Professor of Finance and Professor of Ownership, Aalto University School of Business
Benefits
The program helps companies to develop their awareness of ESG factors and to understand the evolving purpose of the corporation and its implications for sustainable investing, and gives ideas on how to integrate sustainability into investment strategy.




For
- Investment professionals, e.g., institutional investors, financial analysts, portfolio managers, wealth managers
- Finance professionals in publicly listed companies
- CEFA holders who want to deepen their understanding of sustainable investing
The program is widely useful for all individuals who work on investments and want to learn to understand and utilize ESG information more broadly in their work.
Contents and Schedule
This program addresses the practice of incorporating ESG (environmental, social, and governance) information into investment decisions. It provides the essentials of effective measurement, valuation, and integration of ESG variables into investment analysis.
Learning is based on pre-readings, lectures, in-class discussions, and assignments during class.
Program structure

Pre-program period
Individual preparation and assignments

Three-day Module
Intensive lectures, in-class discussion, and assignments lead by Aalto EE instructors

Post-module period
Integrating learnings in your own work
Modules
Sustainable Investing regulations, ESG Factors and Sustainable Investment Strategies
Schedule
March 26, 2025
Location
Aalto University Töölö, Helsinki, Finland
- Current State and Future of Sustainable Investing Regulatory
- Sustainability and ESG factors
- Sustainable investment strategies:
- Positive and negative screening
- Preference for investment objects
- Influencing/Active Owning
- Integration
- Impact investing
Instructor: Markku Kaustia, Professor of Finance, Aalto University
Sustainability across asset classes, ESG risks and opportunities, effectiveness measurement and reporting
Schedule
March 27, 2025
Location
Aalto University Töölö, Helsinki, Finland
- Sustainability across asset classes (Interest Rate Products, Equities, Funds, Real Estate)
- ESG risks and opportunities for sustainable investing
- Measuring and reporting impact and responsibility
- Investor sustainability preferences
- Integrating Responsibility Analysis with Investment Decisions
Instructor: Mika Leskinen, Investment Director, S-pankki
Corporate Responsibility Assessment, Impact of Sustainable Investing and Practical Applications
Schedule
March 28, 2025
Location
Aalto University Töölö, Helsinki, Finland
- Corporate Responsibility Assessment
- Sustainable business models
- Sustainability in the areas of business (strategy, supply chains, accounting, marketing, and communications)
- Effects of sustainable investing on society, environment, and people
- Case studies and real examples: practical application of sustainable investing
Instructor: Markku Kaustia, Professor, Aalto University
Instructors

Samuli Knüpfer
Dr. Samuli Knüpfer serves as Professor of Finance and Professor of Ownership at Aalto University School of Business.
Dr. Knüpfer is an experienced business school educator and globally recognized expert in Finance. His key areas of expertise include financial decision-making, financial markets, investor behavior, and sustainable finance. His research regularly appears in top academic outlets, and he is a recipient of many research grants and awards.
Dr. Knüpfer has extensive experience in developing business school education at multiple institutions. His academic career encompasses numerous deliveries of courses and programs at all levels of business school education, including education targeted at executive audiences.
Samuli Knüpfer holds a D.Sc.(Econ.) in Finance from Aalto University. He has held positions at BI Norwegian Business School and London Business School and has visited the University of California at Berkeley. He is affiliated with the Research Institute of Industrial Economics (IFN) in Stockholm and the Centre for Economic Policy Research (CEPR) in London.
Program Fee and Registration
Program Fee
The Early Bird Fee for the Vastuullinen sijoittaminen – Sustainable Investing program is € 3,590 (+ VAT) and it is valid until December 31, 2024. The normal program fee is € 3,950 (+ VAT).
Registration
Register for the program by February 26, 2025.
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