Kursus annab ülevaate ESG-ga seotud kontseptsioonist, peamistest regulatiivsetest dokumentidest ning selgitab, kuidas rakendada peamisi aruandlusstandardeid ja kuidas seostada ESG aruandlust igapäevase äritegevusega. Samuti kursus annab lühiülevaate kestlikkuse kontseptsiooni rakendamisest panganduse ja investeerimise valdkonnas.

This course provides an overview of ESG concepts, main governing documents and explains how to implement key reporting standards and how to interrelate ESG reporting with day-to-day business operations. The course also gives the definition and a brief overview of the relevance of ESG for stakeholders and its application in financial and investment activities.

Õppeaine läbinud üliõpilane:
- selgitab ESG aruandluse põhimõtteid ja regulatsioone ning on võimeline kirjeldama ESG arvestuse ja aruandluse valdkonna viimaseid arenguid ja hetkeolukorda;
- kirjeldab ja analüüsib peamisi ESG-ga seotud standardeid ja reguleerivaid dokumente, sh uut äriühingute kestlikkuse aruandluse direktiivi CSRD (Corporate Sustainability Reporting Directive), säästva arengu eesmärke (SDG) ja nendega seotud näitajaid, Global Reporting Initiative (GRI). ESG ja IFRS uued standardid ja aruandlustavad;
- koostab ESG aruandeid ja/või avalikustamisi, kasutades erinevaid tehnikaid ning standardeid, lahendab kaasuseid, mis toovad välja peamised ESG-ga seotud probleemid ja toob elulisi näiteid ESG avalikustamise kohta praktikas;
- mõistab ESG olulisust ja mõju rahanduse ja investeeringute valdkondades ning kasu huvirühmadele.

Aftern completing this course, the student:
- explains the key concepts of ESG reporting and regulations and can describe the latest developments and current situation in the field of ESG accounting and reporting;
- describes and analyses main ESG related standards and governing documents including New Corporate Sustainability Reporting Directive (CSRD), The Sustainable Finance Disclosure Regulation, Sustainable Development Goals (SDGs) and related indicators, The Sustainability Accounting Standards Board (SASB); Global Reporting Initiative (GRI). ESG and IFRS, emerging standards and reporting practices;
- prepares ESG reports and/or disclosures applying different techniques and standards, solves case studies outlining main ESG related problems and gives real life examples on implementation of ESG disclosures;
- understands the importance of ESG in finance and investment and the benefits for stakeholders.

Ettevõtete jätkusuutlikkuse aruandluse direktiiv (CSRD), kestliku rahanduse avalikustamise määrus, säästva arengu eesmärgid (SDG), rahvusvaheline jätkusuutlikkuse standardite nõukogu (ISSB) ja säästva arengu aruandlus; Global Reporting Initiative (GRI), jätkusuutlikkuse tagamine. Kestlik rahandus, põhiprintsiibid ja kolm etappi, ettevõtete eesmärk, pikaajalise väärtuse loomine, jätkusuutliku ärimudeli teooria ja ringmajanduse ärimudelid.

New Corporate Sustainability Reporting Directive (CSRD), The Sustainable Finance Disclosure Regulation, Sustainable Development Goals (SDGs), International Sustainability Standards Board (ISSB) and Sustainability Reporting; Global Reporting Initiative (GRI), sustainability assurance. Sustainable finance, key principles and three stages, purpose of companies, long-term value creation, sustainable business model theory and circular business models.

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"Corporate Reporting: Quo Vadis? Paradigm Shifts Shaping the Future of Corporate Reporting: Purpose, Accountability, Value and Sustainability: Corporate ESG Reporting by Allan Willis. ‎ ThinkTWENTY20 (2022).
Values at Work: Sustainable Investing and ESG Reporting by Daniel C. Esty and Todd Cort. Palgrave Macmillan; 2020 edition
Environmental, Social and Governance [ESG] Reporting Basics: a Handy Guideline for Business ESG Communication by Goman.‎ 2022.
Sustainability Accounting and Accountability. 3rd edition. Matias Laine, Jeffrey Unerman, Helen Tregidga. Taylor & Francis Ltd.2021.
Venturelli, A., Caputo, F., Leopizzi, R., Pizzi, S. (2019). The state of art of corporate social disclosure before the introduction of non-financial reporting directive: a cross country analysis. Social Responsibility Journal, 15 (4), 409-423.
Berniak-Wozny, J., & Wójcik-Jurkiewicz, M. (2021) The impact of the NFI Directive on the scope and quality of financial institutions’ CSR reporting – the case of Polish Banking sector. WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS, 18, 780-793.
Krueger P., Sautner, Z., Tang, D., Y., Zhong, R. (2021). The Effects of Mandatory ESG Disclosure Around the World. Finance Working Paper, 754."

Natalie Aleksandra Gurvitš-Suits, dotsent (MM - ärikorralduse instituut)