Business and Climate Impact (Ivey Business School)

Business Specialization:

Business and Climate Impact (Ivey Business School)

Business and Climate Impact equips working professionals in a wide range of sectors with decision-making frameworks and tools to identify, assess and mitigate risks in a business context. 

This specialization prepares professionals to explore and shape business opportunities to make a purposeful and strategic contributions to solving one of the most pressing issues facing business and society.

Learning Outcomes

After completing the Graduate Diploma in Climate Risk Assessment and Opportunity specializing in the area of Business and Climate Impact, students will be able to:

Explain

how climate change fits within the wider set of Environmental, Social, and Governance (ESG) factors that drive an organization's risks and opportunities with respect to sustainability

Distinguish

key climate reporting and climate disclosure frameworks for business investors and external stakeholders

Describe

key climate reporting and climate disclosure frameworks for business investors and external stakeholders

Calculate

the broad climate and societal impacts of an organization by leveraging established measurement frameworks

Develop

a robust climate transition plan, informed by climate risks, opportunities, and viable operational alternatives that deliver desirable economic and societal outcomes

Recommended Background

Undergraduate business degree or have previously taken a pre-Ivey business skills course

Area of Specialization Courses

Business and Climate Risk (Ivey Business School)
In addition to the mandatory course, students are required to take 3 courses from within the Area of Specialization of their choice.

Course Offerings

Embedding Climate Strategies in Business

Delivery model - synchronous and asynchronous

Competitive advantage can be rooted in new capabilities related to net-zero, and other aspects of the environmental and social bottom lines. Taking the perspective of general managers, we will confront difficult challenges, scientific uncertainty, and new opportunities. Overall, the course is designed to deepen your understanding of value creation, value delivery and value capture that are central to business strategy; to map a number of the complex and evolving interactions between business and society along the supply chain; and to delve into promising sources of improved competitiveness.

ESG In-Action

Delivery model - synchronous and asynchronous

Climate risk is a financial risk. While there is variability in the degree to which climate risk presents in the economic fundamentals of corporations, climate risk is so pervasive and endemic a risk, that no corporation can avoid it. With the realization that climate change threatens the long-term viability of corporations, large institutional investors and asset managers – organizations and institutions that control a large percentage of the world’s biggest businesses – have mobilized in recent years. The pressure that these institutions exert on boards of directors and the corporate governance ecosystem more broadly, is critically important to effecting change in the strategic direction of corporations.

Finance for Climate

Delivery model - synchronous and asynchronous

In Canada (and globally), innovative financial instruments offer exciting potential to help build thriving and healthy ecosystems and communities. When successful, such investment vehicles enable investors to:

Generate profits
Address societal challenges
Strengthen collective governance through multi-stakeholder partnerships; and,
Ensure a more efficient public and private money use by sharing risks and implementing specific incentive and measurement systems