EFFAS Certified Environmental Social and Governance Analyst certification. 9 domains covering ESG investing, SASB metrics, greenwashing, sustainable finance.

CESGA — Certified ESG Analyst

Official 2023 syllabus extracted from https://effas.com/wp-content/uploads/2023/11/CESGA-4.0-Examination-Syllabus.pdf

Module 1: Recent developments in ESG Integration

Market drivers

Empirical evidence about ESG and financial performance

Market & Performance

Module 2: Regulatory environment

EU Action Plan

EU Regulations impacting companies

EU Regulations impacting the financial service sector

International regulatory trends

Regulations

Module 3: ESG Strategies

ESG Investment - Where we stand

Definitions and developments

ESG strategies

Strategies

Module 4: Responsible investing across asset classes

Introduction

Reflections on individual asset classes

Asset Classes

Module 5: ESG Reporting

Voluntary and mandatory regimes

Reporting frameworks

Concept of materiality

Disclosure and data source

Reporting

Module 6: ESG integration in the investment process

Investment Guidelines

Macro Research & Asset Allocation decision

Issuer Research

Portfolio Construction, Management & Monitoring

Investment Stewardship: Engagement and proxy voting

Fund Reporting: ESG quality & performance Attribution

The Road Ahead

Investment Process

Module 7: ESG integration in fundamental research (Qualitative analysis)

Investment decisions – an overview

Identification of ESG value drivers

Analysis of Governance

Analysis of Environmental and Social: sector specific

Analysis of controversies and ESG risk litigations

Consistency with the business model

Identification of ESG value drivers for sovereigns

Green and Sustainable Banking

Qualitative Analysis

Module 8: ESG integration in fundamental research (Quantitative analysis)

Introduction: ESG and valuation models

ESG integration in valuation models: Equities

ESG integration in valuation models: Fixed income

ESG integration in valuation models: Infrastructure

ESG integration in valuation models: Other asset classes

Quantitative Analysis

Module 9: Case study – ESG integration in the investment decision

Case study: ESG integration in research

Case study: ESG integration in portfolio management

Case Studies