Lecture 1: Course Information and Module 0 Part I

20 Outubro 2025, 15:00 • Haoxu Wang

Today's lecture was designed to cover three main parts. The first part introduced essential course information. The second part focused on the first three chapters of the textbook, which address the question “why corporate finance for long-term value?” The third part was intended to be more practical, examining the impact of climate change on corporations.

After presenting the topics outlined in the course syllabus, the lecture explored the concept of sustainable finance, highlighting how it differs from traditional finance and discussing the dimensions of value and sustainability. The session then moved to the first topic in the textbook, “the company within social and planetary boundaries”, explaining what these boundaries are, how sustainable development can be achieved, and presenting a framework for sustainable corporate finance. Particular attention was given to comparing different corporate finance models and analysing the integrated model.

The lecture then emphasized a critical component of the integrated model, integrated value, defined as the combination of financial, social, and environmental values. Discussion centred on aligning these three types of values, incorporating social and environmental dimensions into financial valuation, and estimating both historical and future integrated value creation. The session concluded by talking about the reporting limitation related to social and environmental values.

In the next lecture, the remaining topics planned for this session will be completed before proceeding to the new content.

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