2023 syllabus for the certificate in ESG investing


By the end of this unit, learners should be able to demonstrate:


  • An understanding of the context for different approaches to responsible investment and specifically, consideration of environmental, social and governance (ESG) factors. 
  • An understanding of the underlying issues that constitute factors within each of the environmental, social and governance areas..
  • An understanding of the broader sustainability context and global initiatives. 
  • An understanding of the ESG market: relevance, size, scope, key drivers and challenges, and risks and opportunities. 
  • An understanding of environmental factors, systemic relationships, material impacts, megatrends and approaches to environmental analysis at country, sector and company levels. 
  • An understanding of social factors, systemic relationships, material impacts and approaches to social analysis at country, sector and company levels. 
  • An understanding of governance factors, key characteristics, main models and material impacts. 
  • An understanding of engagement and stewardship. 
  • An understanding of ESG analysis, valuation and integration. 
  • An ability to analyse how ESG factors may affect industry and company performance, and security valuation across a range of asset classes. 
  • An understanding of ESG integrated portfolio construction and management. 
  •  An ability to apply a range of approaches to ESG analysis and integration across a range of asset classes. 
  • An understanding of investment mandates, portfolio analytics and client reporting

Source CFA Institute


Increase in ESG demand after COVID-19