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Second term
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Next year
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Prerequisites
Language of instruction
Duration
Identical coursesSustainability Management and Reporting (B-KUL-YF0030)
Mentens Jo (coordinator) | Mentens Jo | Mulkens Steven Aims
1.1 (ARC) Analyses operational accounting and related problems, taking into account the particular organizational context.
1.2 (ARC) Formulates a well-motivated solution for operational issues related to accounting based on scientific knowledge and insights into accounting, hereby taking into account the specific organizational context.
1.7 (ARC) Is able to assess sustainability reports and understand how they comply with international standards and guidelines.
1.8 (ARC) Has the skill to identify, gather, and analyze relevant data and information related to sustainability performance and reporting
2.2 (ARC) Formulates, based on scientific insights about accounting, a well-motivated solution for strategic issues of an accounting character, taking into account the particular organizational context, the stakeholders, and the wider environment in which the organization operates.
2.4 (ARC) Takes, based on scientific knowledge and insights into accounting, a well-motivated standpoint about actual societal problems and legislative initiatives related to the domain.
2.5 (ARC) Reflects critically about the external context of the organization and its interaction with the accounting decisions the organization takes.
2.6 (ARC) Takes into account the international context of accounting and tax.
3.1 (ARC) Plans, organizes and evaluates processes related to internal and external reporting in organizations, taking into account the specific organizational context.
4.1 (ARC) Reflects critically on the way societal, international and organizational trends influence accounting requirements, thereby recognizing the impact on and consequences for the stakeholders.
4.2 (ARC) Follows actual developments related to accounting.
4.3 (ARC) Outlines and interprets current trends in (international) accounting, and can formulate a well-motivated standpoint on relevant societal themes, thereby taking into account the impact on and the consequences for the stakeholders.
7.2 Discusses the social, ethic and sustainability aspects of management, analyses a policy on the basis of these aspects and formulates suggestions for improvement.
10.3 (ARC) Reflects critically on the influence of recent evolutions and innovations on accounting on the policy in an organization, taking into account the particular corporate context.
11.1 Is aware of the rapidly evolving knowledge society that he/she will enter and therefore understands the need for maintenance and improvement of acquired knowledge, skills and competences and acquisition of new knowledge, skills and competences.
11.2 Is willing to improve his/her knowledge, skills and competences in order to shape his/her life professionally, personally, socially and civilly.
11.3 Actively looks for opportunities to broaden and deepen his/her knowledge, skills and competences, in order to anticipate the (evolving) requirements of the work environment.
Is included in these courses of study
- Master of Business Administration (Antwerp) 60 ects.
- Master of Business Administration (Antwerp) (Track: Global Performance Management) 60 ects.
- Master in de handelswetenschappen (Antwerpen) 60 ects.
- Master in de handelswetenschappen (Antwerpen) (Specialisatie: Accounting, risico en controle) 60 ects.
- Courses for Exchange Students Faculty of Economics and Business (Antwerp)
Activities
6 ects. Sustainability Management and Reporting (B-KUL-YF3030)
Content
Introduction to Sustainability. This topic provides an overview of definitions of the key sustainability crises of our time (climate change; biodiversity loss; inequality, social issues etc.), explanation of commonly used tools and frameworks; and how ESG information is used by stakeholders.
The environmental, social impact of business and new governance models. This topic provides an overview of
innovative practices to assess global climate and social challenges by the companies; new governance models reflect the new realities; identifying the needs of stakeholders through qualitative research and comparing models of governance structure
Sustainability and ESG assessments begins with explanation why and how environmental and social issues can be recognized as a financial risk and opportunity; and provides an overview of identification of key environmental and social issues relevant for business organization. How to establish robust data processes, controls and metrics to monitor ESG performance in collaboration with sustainability experts.
Analyzing, interpreting and applying sustainability results introduces how non-financial topics could impact on business’ performance and provides an overview of identification of key SDG data sources and tools to support organization’s sustainability analytics; applying data analytics principles to sustainability information; interpretation and applying professional skepticism to sustainability assessment results.
Leadership in sustainability highlines the importance of the leadership role to successfully complete sustainability projects. Coverage includes how to engage peers and company management in sustainable projects, how to coach and instruct sustainability across an organization, and how to communicate to a variety of audiences.
Sustainability audit and assurance describes that sustainability audit and assurance is an independent review of the company’s internal sustainability processes and is used to increase the robustness, accuracy and reliability of information in sustainability reports for users in their decision-making.
The concept of corporate governance is outlined as well as the relevance of governance for firm performance and long term value creation are explained. Not only financial performance, but also to aspects of business ethics are discussed.
The various possible governance mechanisms are explained. The specific roles of the different governance mechanisms are addressed: the board, the different possible committees (audit committee, renumeration committee, governance committee), the role of the CEO (executive compensation), the role of the external auditor in the governance landscape. Furthermore, the impact of the ownership structure is studied.
The legal framework of corporate governance is discussed in both Anglo-Saxon and in European and Belgian contexts and the different requirements for listed companies (financial and non-financial companies) and non-listed companies are discussed.
Course material
Compulsory course material
The material provided on Toledo (slides, articles, exercises) is the principal study material, as well as the notes taken during the lectures.
Evaluation
Evaluation: Sustainability Management and Reporting (B-KUL-YF7030)
Explanation
Features of the evaluation
* Multiple-choice questions are graded using a correction for guessing.
Determination of final grades
The result is calculated and expressed as an integer out of 20.
Information about retaking exams
Second examination opportunity
The features of the evaluation and determination of grades are identical to those of the first examination opportunity, as described above.