MAF202 Money and Capital Markets

Introduced a new topic on sustainability considerations in capital markets where an industry expert, Fabienne Michaux,Professor of Practice, Deakin Business School delivered this lecture. Fabienne is the Interim Co-chair, Australian Advisory Board on Impact Investing. The content of this topic adds the much needed sustainability dimension to this unit that focusses on corporations and governments raising funds in the markets. Students learn why sustainability and impact areimportant considerations in capital markets; current approaches to incorporating sustainability and impact considerations into investment decisions and the basic fundamentals of key sustainability and impact capital markets instruments. We examine the three major sustainability frameworks underpinning global sustainability and sustainable development agenda, i .e. United Nations Sustainable Development Goals (SDGs), Paris Climate Agreement – United Nations Framework Convention on Climate Change (UNFCCC) and the Sendai Framework for Disaster Risk Reduction (UNDRR).Students are also introduced to the Principles for Responsible Investment (PRI) that were Launched in April 2006. The topic concludes with a discussion on Social impact bonds, Green/social/sustainability use-of-proceeds bonds and the SDG bonds. We have also designed seminar questions around this topic and assessed sustainability in the final examination.