While traditional investment banking deals with risk, liquidity and

financial returns, responsible investment banking integrates ESG, Global

Administrative Law and positive impact creation for societies and

environment, in short investing with yield and impact. Companies – in

the current disruptive environment- encounter a much broader set of

risks in investment and finance than assessed in traditional approaches,

de-risking assets using emergent Global Administrative Law provides

competitive advantage, strategic edge and therefore has become a

necessary and desirable skill in investment and finance. Application of a

best practice risk management systems enables a company, an investor

or a financier to mitigate risk and profit from opportunities that frontier

markets provide. Prototyping strategy and introducing new sustainable

products enhance yield and impact. The dimension of strategic

investment and financing decision making have changed, new social

contracts like the United Nations Sustainable Development Goals

provide for the first time a global lever in investment and finance and

allow for enhanced risk mitigation and management strategies. Upon

completion of this course, students will have an understanding about (i)

Financial Markets, Institutions in the context of Global Administrative

Law, De-Risking Assets, the Risk – Return-Liquidity –Impact Square

and on (ii) how investment and finance can create impact and enhanced

products and services while managing risks better for enhanced returns.

(iii) The layers of Strategic Investment Decisions, Strategic Financing

Decisions and Impact Strategies in Multinational Financial Management

will be discussed alongside with (iv) special areas of interest like PPP,

International Project and Structured Finance, IPO, M&A, Venture

Capital, Private Equity, IPO, Climate Finance and Positive Impact

Investing and Finance and (vi) systemic risk in the banking system.

(iv) Using impact and governance as steering and management Tools.

The participants will gain a clear understanding of

(i) Strategic and tactical decision making;

(ii) Enhanced de-risking, impact, return and governance;

(iii) Integrate international financial management and Global

Administrative Law (GAL);

(iv) Pursue the concept of yield and impact;

(v) Integrate de-risking assets in co-financing situations;

(vi) Integrated due diligence approach to impact, de-risking, rating and

yield with accounting, reporting, and governance;

(vi) Integrated management systems approach to addressing risks and

impacts alongside yield;

(vii) Enable deal structuring and financial engineering including impact

and innovation;

(viii) Provide skills in management systems and their application for

yield generation and Monitoring.

mandatory attendance in the first session

course attendance at least 80 % of the lecture time

attendance for presentations

Lecture mixed with Exercises: Appraisal Process

Case study homework starting at first day of lecture 20%

Post case study (or on-going various elements of one case study) 40%

Presentation and oral contributions during the course 40%

Table of content

1. The Financial Environment: Disruptive Markets, International Institutions, Interest Rates, Regulation and New Global Megatrends

2. The Emergence of Global Administrative Law
• OECD MNC Guidelines, The World Bank Standards, the UN
Guiding Principles on Business and Human Rights
• Systemic Risk, Basel III, Global Financial Stability and Regulation
• Directive 2014/95/EU- Disclosure of non-financial and diversity
information;´

3. The Private Sector Response: strategic initiatives in investment and finance for improved decision making in the age of Global Administrative Law
The Equator Principles
The Thun Group of Banks for Human Rights
Global Compact
The Carbon Tracker Project
The 100 % Divest Invest Project
The Montreal Protocol
OECD Common Approaches
Principles for Responsible Investment (UN PRI)
Contributions by Standards Organizations: ISO Standards and
the Global Reporting Initiative (GRI)
Sustainable Stock Exchange Initiative

4. Investing with Yield and Impact: Integrating Global Administrative
Laws into the Internal Banking and Institutional Investors Procedures: improved risk management, re-invention and innovation?
The Three Lines of Defense Approach and progressive risk management
Integrating environmental and social risk into risk Rating models
Integrating governance and compliance risks into risk rating
Using Know Your Customer Checks (KWC),
The Equator Principles and OECD Common Approaches as Risk Management Tools
De-Carbonizing (DC) investment and finance
Investing with Yield and Impact: From Risk Management to Product Development:
Positive Impact Investing and Integral Impact Investing
Green Bonds (and Climate Principles, Climate Bonds Initiative)
Social Impact Bonds
Green Field Project Bonds
SDG linked Bonds
Global Challenges Index
Portfolio Re-Engineering
Impact and Social Stock Exchanges
Innovation in Portfolio Reengineering including impact and
Environmental and Social Governance (ESG).
Measuring Impact based on Theories of Value Creation

5. Systemic Risk and Regulation in Banking: Basel III, Solvency II
and Risk Weighting

6. Investing with New Social Contracts:
. The UN Sustainable Development Goals
. The Paris Climate Agreement
. The World Bank Standards Revisited (Twin Goals and Agenda 2030)