Course details

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VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting learning@euromoney.com

 

Claiming Back Your VAT

All attendees of a London based course incur VAT as a part of the cost of attendance.

Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.

Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.


Claim the VAT that's rightfully yours in four simple steps:

1. Register your interest

2. Sign a few simple documents

3. VAT IT processes your claim

4. Receive your refund




Why choose VAT IT 

VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.

VAT IT will charge a percentage of the VAT refund if/when it is successful. 


Can I claim back the VAT myself?

You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.

 

You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

Impact, ESG & Sustainable Investing

Discover sound (ESG) investing practices with this relevant 2-day virtual course
  • Background

    Today, Socially Responsible and Impact Investing is one of the fastest growing segments of the fund management industry and the growth is expected to accelerate. Institutional investors have realised that they have a duty to consider sustainability issues when they make investments. Corporate boards are also realising the need to define value beyond the narrow interests of shareholders and are embracing a broader fiduciary approach and including a wider range of stakeholders, from consumers and employees to communities, broader society and the environment.

    Why an ESG and Socially Responsible Investing Course

    Many forces are at work today transforming the way businesses operate and societies function. Many corporate boardrooms and institutional investors are still holding on to ingrained governance practices and are failing to adapt to a more complex and disruptive environment.

    Traditional interpretations of corporate governance and fiduciary responsibilities of both Institutional Investors and Boards of Directors are being challenged by ESG activists. In order to meet the needs of all stakeholders, business leaders today are reassessing why their organisations exist and what purpose they fulfil. Reframing the value proposition to incorporate a broader range of stakeholders is proving not just to make good business sense, but can help the company’s share price as well.

    This new programme examines the different frameworks for incorporating ESG and responsible investing practices from both the investor and corporate boardroom perspectives. The various approaches to ESG investing, including ESG inclusion, ESG integration, ESG engagement and ESG screening will be covered comprehensively. The full spectrum of ESG products and strategies across the equity and fixed income asset classes will be covered. The programme will focus on the practical application of ESG investing and examine some of the traps and pitfalls in implementing an ESG strategy.


    Who Should Attend

    • Asset Allocators/Portfolio Strategists
    • Portfolio Managers
    • Investment Advisors
    • Product Developers
    • Marketing and Distribution Professionals
    • Private Bankers/Wealth Managers
    • Equity and Fixed Income Analysts
    • Board Directors
    • Governance and Stewardship Specialists
    • Family Office Managers

     

    Note - A good level of spoken and written English is required to attend this course. Delegates should be of an intermediate standard in English at a minimum. Please refer to the Common European Framework of Reference for Languages - as a guide the level required is B2.

     

  • This course will take place using virtual meeting rooms technology.

    To find out more, please contact learning@euromoney.com

    The course is expected to start at 9am BST (British Summer Time), and will contain regular breaks.

     

     

    Day One : A Framework for ESG and Responsible Investing

    Morning : 2 x 1.5 Hour Sessions

    Session 1 – History and Background to ESG and Responsible Investing

    • An historical overview of socially responsible investing
    • Social purpose, sustainability and purposeful capitalism
    • Differentiating between socially focused investing, governance focused investing and environment focused investing
    • The size and growth of the ESG and SRI marketplace
    • Global ESG assets by type of exposure
    • Stimulants and catalysts behind the growth of ESG and SRI investing
    • Why the ESG market is poised for further growth

    Case Study : The Growth of ESG and Socially Responsible Investing

    Session 2 – Theoretical Backdrop : The Shareholder Model Vs Stakeholder Model

    • Summary of shareholder value maximisation theory
    • The Milton Friedman doctrine
    • Agency theory and the separation of ownership and control
    • Shareholder value theory and ESG integration are compatible
    • Stakeholder value theory and why it is on the ascendancy
    • Narrow versus broad definitions of stakeholders
    • Defining corporate responsibilities to all stakeholders
    • Frameworks for shareholder stewardship
    • ESG factor analysis
    • ESG risk premia
    • Alpha, beta and smart beta in the context of ESG and SRI investing

    Case Study : The Capitalist Reformation

    Afternoon : 2 x 1.5 Hour Sessions

    Session 3 – Standards and Regulatory Background

    • The Paris Agreement 2015, UNFCCC
    • The Sustainable Development Goals
    • The Coalition for Environmentally Responsible Economies (CERES)
    • The Sustainability Accounting Standards Board (SASB)
    • The UN Principles for Responsible Investment (PRI)
    • The Green Bond, Social Bond and Sustainable Bond Principles
    • Unilever’s sustainable living plan

    Case Study : Drafting Responsible and Sustainable Investing Standards

    Session 4 – Overview of ESG Products and Instruments

    • What are green bonds and how do they work ?
    • The green bond principles and climate bond initiatives
    • What comes under the classification of a green bond
    • Overview of the global green bond market
    • Issuer and issuance statistics for green bonds
    • Performance characteristics of green bonds
    • How are the bond proceeds used – external verifiers
    • The sovereign green bond market
    • The corporate green bond market
    • Green CLOs
    • Future growth prospects for the green bond market
    • Recent themes in green bond investing

    Case Study : The Market for Environmental and Climate Change Products

    Day Two : ESG Methodologies and Investment Processes


    Morning : 2 x 1.5 Hour Sessions

    Session 1 – Exclusion-Based ESG Investing

    • Overview of exclusion-based ESG investing
    • Examples of large scale exclusion-based ESG investing
    • Complexities in determining an exclusionary policy
    • The problems and pitfalls of negative screening
    • The bandwagon effect
    • What impact do exclusions have on returns
    • Negative screens and tracking error considerations
    • The impact of negative screens on the risk and performance of various style indices
    • Approaches to implementing exclusions
    • Application of screens to passive and active management
    • Understanding the complexities and biases that screens introduce

    Case Study : Exclusion-Based ESG Investing

    Session 2 – Integration-Based ESG Investing

    • What is integration-based ESG investing
    • What added-value do integration-based approaches offer
    • Incorporating alpha insights into an integration-based approach
    • Common ESG factors that are targeted
    • Fundamental ESG integration – evaluating ESG factors
    • Systematic ESG integration – quantitative criteria Vs qualitative insights
    • ESG as part of a multi-factor analysis
    • ESG ratings improvement momentum

    Case Study : Integration-Based ESG Investing

    Afternoon : 2 x 1.5 Hour Sessions

    Session 3 – Impact-Based ESG Investing

    • Defining impact-based ESG investing
    • Understanding the cause and effect relationship in impact investing
    • Impact investing as engaged ownership
    • Concessionary Vs non-concessionary impact investors
    • Making the impact objective explicit, intentional and measured
    • Mission-related investments Vs programme-related investments
    • Investors’ impact matrix and impact reporting and investment standards
    • Is there a single way to approach impact measurement

    Case Study : Impact-Based ESG Investing

    Session 4 – Engagement-Based ESG Investing

    • Why do investors choose engagement-based ESG investing
    • The different tones to engagement – collaboration, hostile
    • The strategy for engagement – private, public
    • Engagement through proxy voting

    Case Study : Engagement-Based ESG Investing


  • Our Tailored Learning Offering

    Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
    • Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
This course can be run virtually online or as an in-house, tailored learning solution

Instructor

  • Bernard Duffy

    Biography

    Bernard Duffy is a dedicated training solutions provider to the Global Wealth Management, Fund Management and Institutional Pension sectors. He has over 20 years of training experience and he specializes in the design and delivery of training programmes across the full spectrum of products and asset classes, both traditional and alternative. He is highly respected for his ability to explain and teach sophisticated investment products and strategies in a very engaging manner. Bernard began his investment management career with Abbey Life in Dublin in 1982 before moving to London in 1985 to work for Irish Life Assurance Plc. At Irish Life, he was responsible for investment product marketing and new fund launches and was responsible for the company's successful entry into the U.K. single premium bond market.He joined County Natwest Investment Management at the end of 1986 as Research and Development executive in the unit trust division. In 1987 he transferred to the investment management division as a junior portfolio manager , assuming responsibility for the management and performance of Canadian equity investments. In 1991, he was seconded to the European equity desk to manage a research project on European smaller companies. At the end of 1992, he was promoted to head of the North American equity desk, a position he held until embarking on a training career in 1996. He has undertaken multiple training assignments throughout Europe, Asia, the Middle East, Africa and North America for leading asset managers, pension funds and private banks.Bernard has a BA(hons) in Economics and Politics and an MA in Development Economics from University College Dublin (UCD). He received his MBA in Finance from Cass Business School in London in 1988. He also holds the C.F.A. Certificate in ESG InvestingBernard is the founder of PensionsIQ and WealthMatrix, which provide training and consulting services to private banks, investment managers, pension funds and their advisors. He is the lead trainer on a number of Euromoney Learning programmes including Active Portfolio Management and Asset Allocation, Pension Fund Strategies and ESG Investing.