An example in the field of education is an assignment for master students to use scenario-analysis based DCF (discounted cash flow) methods to provide an analyst report of individual corporates incorporating ESG factors and climate scenarios. Master student teams can also solve real-life business cases for industry (so-called Living Management Cases). In research, faculty and PhDs can explore topics such as
- Alternatives for dominance of benchmarking, based on efficient market hypothesis;
- Coalitions of investors for change (eg. PRI, FCLT Global) – what are conditions for effectiveness;
- Agency problems/frictions in chain: asset owner -> asset manager -> corporate;
- Impact of shareholders via voting (with their feet or at annual shareholder meetings) on corporate CSR (more generally link governance – CSR);
- New methods to incorporate ESG factors into asset management/allocation (not only climate, but also circular economy concepts);
- How to deal with uncertainty surrounding climate change and climate policies?
Setting up innovative research
- Establish 8 PhD positions in different fields of sustainability;
- Hire and involve senior faculty on new research agenda;
- Research coordinator to ensure appropriate coordination between research topics and between academics and practitioners. Also outreach to others to stimulate collaboration and promotion of output.