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- 工学院，物質理工学院，環境・社会理工学院共通科目
- Liberal arts and basic science courses
- First-Year Courses
- School of Science
- School of Engineering
- School of Materials and Chemical Technology
- School of Computing
- School of Life Science and Technology
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School of Environment and Society
- Department of Architecture and Building Engineering
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- Department of Social and Human Sciences
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- Graduate major in Technology and Innovation Management
- Common courses
- Liberal arts and basic science courses
- Academic unit or major
- Humanities and social science courses
- Instructor(s)
- Miwa Junpei
- Class Format
- Lecture (Blended)
- Media-enhanced courses
- Day/Period(Room No.)
- Wed3-4(W8E-101)
- Group
- -
- Course number
- LAH.A421
- Credits
- 1
- Academic year
- 2024
- Offered quarter
- 1Q
- Syllabus updated
- 2024/3/14
- Lecture notes updated
- -
- Language used
- Japanese
- Access Index
-
Course description and aims
〇The growing attention to the climate changes has been drawn in the global financial market since the Paris agreement was set out in 2015.
〇The year of 2021 is a sort of regulatory tipping point since governmental policy statements in light of climate changes has been made in the financial sector, which is shown in the statement of G7 Finance Minister and Governor of Central Bank Meeting 2021.
〇These climate policy issues in financial sector are to be set, through COP26, and its actual implementation has phased in. It is also assumed in these policy package that the climate disclosure of GHG emissions and integrating disclosed data and risk assessments with regard to the environmental activity of corporates and financial institutions are contained.
〇Building on the corporate financial disclosure along with the climate data, the metrics, gauging corporate activities that will contribute to reducing GHG emissions, are being developed.
〇The lecture will highlight the ongoing policy issues for climate-related matters and seek for the optimal public policy decision for governments, corporates, FIs and civil society using approaches adapted in public economics.
〇Along with this, biodiversity issues is also being discussed in the global space. The class also highlights the biodiversity issues relating to the finance market and the approaches as to how we effectively gauge its economical impacts on biodiversity context.
〇Interactions amongst economic growth, population and CO2 emission, energy issues including nuclear power, LNG and coal, and transition finance policy will be reflected and updated in the lecture, taking the ongoing global changes into account.
Student learning outcomes
The lecture will facilitate the understandings as to how the issues of climate changes and biodiversity will affect the finance field.
Building on the lecture, we will seek to cultivate the knowledge on socially important issues on climate changes etc and foster further considerations to these policy area by students.
Course taught by instructors with work experience
| ✔ Applicable | How instructors' work experience benefits the course |
|---|---|
|
I have undertaken the various roles in the area of financial services for over 20 years. I have covered regulatory and policy issues in Japan Financial Services Agency “Kinyu-cho” for aroud 17 years. I have experienced international and regulatory standard-setting activities such as Basel II and III framework and engaged in setting the standards under global regulatory reforms after great financial turmoil in 2008. My business career has extended to various global regulatory activities - FSB, BCBS, IAIS, IOSCO and APEC as well as NGFS which is for regulator’s network on sustainable finance. The WG's chair and vice-chair role have been experienced in APEC and IAIS respectively. For recent years in JFSA, I have taken the position of Director, FinTech and Innovation Office from 2018 and taken Assistant Commissioner for Innovation and Sustainable Finance form 2020. As the Assistant Commissioner, I was a member of climate risk working group in FSB and a steering committee member of NGFS in relation to the climate related policy considerations. Also, I engaged in the capital market committee in OECD in light of digital and climate-related issues. Before entering into JFSA, I have experienced the structured finance relating to the large energy project of LNG (Liquefied Natural Gas) in JBIC. After that, I have been placing a high priority on the energy issues and this help me consider the policy issues in the context of sustainable finance. Please keep in mind that this lecture will not address the deep-dive topics from the perspective of climatology, meteorology, geophysics etc. as I am not an expert of these area. |
Keywords
Climate Change, Biodiversity, Sustainable Finance, ESG, Impact Finance
Competencies that will be developed
| ✔ Specialist skills | ✔ Intercultural skills | Communication skills | ✔ Critical thinking skills | Practical and/or problem-solving skills |
Class flow
・Class 1 to Class 7: basically in lecture (partly applying the group discussion especially on Class 5 and 7)
・All classes will be on lecture style using the materials made by the lecturer.
・The submission of Interim Reports and Summary Reports which is required at the end of Class 5 and Class 7 for the assessment.
・Interim and Summary Reports are required to submit onto the filing box set in T2SCHOLA. The deadline of reports will be set and your submission should not be overdue.
・Due to the lecturer’s schedule or business trip, the lecture will be on on-line basis, in some cases, but the quality control consistent with the physical lecture is sustained by sharing the information and guidance in T2SCHOLA as necessary.
Course schedule/Required learning
| Course schedule | Required learning | |
|---|---|---|
| Class 1 | Introduction: Climate changes and related background data - economic growth, emission, population and energy issues etc. | Introduction: facilitating the understandings on climate changes by seeing the related data. |
| Class 2 | Climate changes and past and current footprints: from 1970's to today and forward-looking pespectives | Learning about equities and bonds market relating to disclosure and audit issues, green-washing and stakehoderlism. |
| Class 3 | Financial regulators perspectives for climate changes and biodiversity - Part 1 (financial stability and addressing the unseeable "green-swan") | Learning about (financial) policy perspectives relating to climate changes and biodiversity. |
| Class 4 | Middle review - lecture and group discussion / Submission of Interim Report | Students are required to submit the Interim Report (approx.. 3000 letters in Jp, 2000 letters in Eng) after the class. |
| Class 5 | Financial regulators perspectives for climate changes and biodiversity - Part 2 (expectations to financial institutions) | Learning about (financial) policy perspective relating to climate changes and biodiversity. |
| Class 6 | ESG and Impact investing | Learning about Environment, Social and Governance elements on sustainable finance and uprising impact investing. |
| Class 7 | Wrap-up review - lecture and group discussion / Submission of Wrap-up Report | Students are required to submit the Interim Report (approx.. 5000 letters in Jp, 4000 letters in Eng) after the class. |
Out-of-Class Study Time (Preparation and Review)
To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.
Textbook(s)
Nothing required.
Reference books, course materials, etc.
While the reference material, literatures etc. will be provided thorough the lecture, "Principles of Sustainable Finance," Dirk Schoenmaker and Willem Schramade (2018) and "The green swan," BIS (2020) (https://www.bis.org/publ/othp31.htm) are good reference points for a basic recognition and you are recommended to overlook it. Through the lecture, references will be provided and it is highly recommended to learn such literatures spontaneously according to your interests.
Assessment criteria and methods
Interim-Report (40%) and Wrap-up Report (60%)
*Interim- and Wrap-up Report: Interim: over 2000 words (in case of English) / Wrap-up: over 4000 words (in case of English). The volume of words is just for your reference. The contents of reports are rather prioritized for assessment.
** Cares should be taken to the deadline of each report and place of points for filing reports on T2SCHOLA. And the deadline of filing will be set and please keep in mind that your submission is not overdue."
Related courses
- LAH.A401 ： Digital Innovation in Financial Institutions
- LAH.S437 ： Essence of Humanities and Social Sciences42:Consensus Building
- LAH.A532 ： Decentralized Financial System and Economics
Prerequisites (i.e., required knowledge, skills, courses, etc.)
Hopeful: knowledge regarding finance and/or climate changes and biodiversity matters
