(in Polish) Zielone finanse 2600-IADzZFkf
1. The Concept of the ESG Phenomenon
• ESG – definition, standards, and practices.
• UN Agenda 2030, Paris Agreement.
• Green ratings and climate risk assessment.
• Greenwashing – what it is and how to detect it.
2. Introduction to Green Finance
• Definition and scope of green finance.
• Genesis: from traditional to sustainable finance.
• Connection with climate policies and sustainable development.
3. Regulatory and Political Frameworks of Sustainable Finance
• EU Taxonomy, CSRD, NFRD, Accounting Act, EBA guidelines.
• Omnibus Regulation.
• Climate policy in Poland and the EU: deposit-refund system, EU ETS.
4. Green Finance Instruments: Capital Market
• SFDR and its significance for the investment market.
• Green bonds.
• Sustainable stock market indices.
• ESG Funds.
5. Green Finance Instruments: Banking Sector
• Green credits and loans (SLL, financing of RES/OZE, circular economy/GOZ).
• The role of banks in financing the energy transition.
• ESG risk assessment mechanisms.
6. Non-financial Reporting
• Reporting standards (GRI, SASB, TCFD).
• Reporting by banks, ESG risk disclosures (GAR).
• Taxonomy tables and their interpretation.
7. Green Investments and the Insurance Market
• Private equity and venture capital in the cleantech sector.
• Climate and catastrophe insurance.
• New business models supporting green investments.
8. Summary
• Ethical and economic dilemmas.
• Limitations of the green finance market.
• Market trends (fintech, tokenization, ESG 2.0).
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Term 2025Z:
1. The Concept of the ESG Phenomenon |
Term 2026Z:
None |
Course coordinators
Type of course
Mode
Learning outcomes
• K_W01 – In-depth understanding of research methodology and terminology within the discipline of economics and finance, as well as complementary disciplines (management and quality sciences, legal sciences).
• K_W02 – In-depth understanding of principles, procedures, and practices regarding investments and data analysis.
• K_W03 – In-depth understanding of economic theories and models regarding the functioning of organizations and the entire economy, particularly concerning areas of knowledge related to financial investments and data analysis.
• K_W05 – Complex technological, social, political, legal, economic, and ecological processes and phenomena, including fundamental dilemmas of modern civilization and their impact on financial decisions in organizations, the functioning of the entire economy, and organizations regarding the development of information systems.
• K_W08 – Principles of creation and development of various forms of entrepreneurship in national and global dimensions.
• K_U01 – Utilize the theory of the discipline of economics and finance, as well as complementary disciplines (management and quality sciences, legal sciences), to identify, diagnose, and solve problems related to financial decisions in the field of investments and data analysis.
• K_U02 – Correctly interpret complex technological, social, political, legal, economic, and ecological processes and phenomena, and assess their impact on financial decisions in organizations, the functioning of organizations, and the entire economy.
• K_U03 – Apply the appropriate selection of sources and adapt existing or develop new methods and tools, including advanced information and communication techniques, to identify, diagnose, and solve problems related to financial decisions in the field of investments and data analysis.
• K_U05 – Propose solutions to tasks embedded in unpredictable conditions.
• K_U08 – Develop the capacity for self-education, upgrading acquired qualifications, and supporting others in this regard.
• K_K01 – Evaluation and a critical approach to complex situations and phenomena related to financial investments and data analysis in an organization.
• K_K02 – Recognition of the importance and value of scientific knowledge in the context of solving complex investment and data analysis problems in an organization, as well as seeking expert opinions in this process.
• K_K03 – Initiating activities that benefit the community, society, or the environment, as well as initiating actions for the common good.
• K_K04 – Thinking and acting in an entrepreneurial manner in national and global dimensions.
• K_K05 – Respecting, enforcing, and developing professional ethical standards and advancing the heritage of the profession.
Assessment criteria
Written credit / pass (open and closed questions) in-person or online on the Kampus platform
Practical placement
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Bibliography
Zioło, M. (2022). Finance and sustainable development: Designing sustainable financial systems. Abingdon, UK: Taylor & Francis Ltd. ISBN 9780367565518.
- Zioło, M. (2020). Finanse zrównoważone. Warszawa: PWE. ISBN 9788320824277.
- Miziołek, T. (2022). Finanse zrównoważone: ESG – przedsiębiorstwa – sektor finansowy. Warszawa: Polskie Wydawnictwo Ekonomiczne. ISBN 978-83-208-2510-7.
- European Commission (2020–2023). EU Taxonomy, CSRD, SFDR – official documents and implementation guides.
- EBA (2021). Guidelines on Loan Origination and Monitoring – guidelines on incorporating ESG risks into banking.
- EBA (2025) — Guidelines on the management of ESG risks.
- OECD (2020). Developing Sustainable Finance Definitions and Taxonomies.
- PRI – Principles for Responsible Investment (annual reports and guides).
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Term 2026Z:
None |