WeChatWebsite

VenueHKUST Business School Executive Education Suite

3/F, Lee Shau Kee Business Building The Hong Kong University of Science and Technology

Clear Water Bay, Kowloon, Hong Kong

Cancellation and Refund PolicyA 50% refund of program fee is available for cancellation received in writing at least 4 weeks prior to the program commencement date.

Program details will be sent to participants by email 2 weeks prior to the program commencement date. If participants do not receive it accordingly, please contact the program office.

Places are available on a first come, first served basis.HKUST Business School reserves the right to make any amendments to the program without prior notice.

Contact & RegistrationRegistration deadline: 20 April 2018

To register, please complete the registration form attached or online registration form and send the completed form with program fee by cheque payable to “The Hong Kong University of Science and Technology” to:

Mr. Garrie Pang, Program Officer

HKUST Business School Executive Education Office Room 3011, Lee Shau Kee Business Building The Hong Kong University of Science and Technology Clear Water Bay, Kowloon, Hong Kong

(852) 2358 8013 (Mr. Garrie Pang)(852) 2358 7541 (Ms. Christine Chan)(852) 2335 5836ExecEd@ust.hkwww.bm.ust.hk/ExecEd

Program fee is due upon acceptance of application.

ESG INVESTING:UNLOCKINGTHE POSITIVE VALUESustainability: Managing hidden risks, capturingopportunities and pricing missing information

9MAY2018

(Wed)Hong Kong

FeesProgram Fee * HK$ 8,500Special rate for HKUST Alumni # or Early bird (by 29 March 2018) HK$ 7,000Corporate rate/Group participation HK$ 6,500(3 or more concurrent registrations) * The fee includes tuition, all teaching materials, refreshment and lunch# including participants of our open programs

Program Schedule9 May 2018 (Wed)9:30am – 12:45pm12:45pm – 1:45pm1:45pm – 5:00pmDaily schedule is subject to change

Morning SessionLunchAfternoon Session

World Class Faculty

Professor Entela Benz-SaliasiPhD in Financial Engineering, Swiss Finance InstituteAdjunct Associate Professor, Department of FinanceHKUST Business School

Program OverviewThe market is flooded with Corporate Social Responsibility (CSR) and/or Environment, Social and Governance (ESG) terminology. Many will use them, a few understand the consequences, but only a handful of players reap the benefits. It is by now a fact that CSR programs are short-term focused, superficial and detached to the company bottom line. Consequently, financial market imposes a discount on CSR. On the other hand, ESG attributes - if properly understood and integrated, are long-term focused and beneficial to the company. As such the market trades ESG attributes at a premium. ESG analysis provides corporate executives with the tools to better understand and manage risks. In today’s competitive environment, ESG serves as a springboard for capturing innovation through market opportunities.

Program Objectives Understand the definitions of ESG Investing Develop a framework to identify the key ESG attributes Measure the impact of ESG on the company value Understand the ESG score, methods and usage Acknowledge the benefits of ESG integration

Program Benefits How to analyze and focus only on the material ESG factors Map ESG attributes to potential risks and opportunities Learn how leading asset manager and asset owners use ESG for asset allocation and portfolio construction Identify, measure and price the ESG impact on company’s cash flows The benefits of issuing a green bond

Upon completion of the program, participants will receive a certificate of participation issued by the HKUST Business School.

Who Should AttendExecutive and manager who are responsible for investor relationships, sustainability (CSR) analyst, risk analyst, marketing; portfolio manager, business head, equity research analyst, credit research analyst, client advisor, and asset owner.

Program Content The business case for Environment, Social and Governance What do Environment, Social and Governance factors represent The materiality of Environment, Social and Governance (ESG) factors ESG scoring methodologies and their usage Implications of E, S, G factors on firm valuation Asset allocation with ESG factors Special topic: Green bonds “premium”

ESG INVESTING: UNLOCKING THE POSITIVE VALUE

Work Experience Average 16 yrs

PositionC Level Executive, President, Vice President, Executive Director, Managing Director, General Manager, Director, Financial Controller, Regional Head, Department Head, Manager, Professional, Business Owner, etc.

Open Programs 2017Participant Profile

14%Others

42%Bachelor degree holder

Master/ Doctoral degree holder 44%

AcademicBackground

Established in 1991, the HKUST Business School is recognized as one of the youngest and most

respected Business Schools in Asia. Our programs are consistently ranked among the very best in the

world by international media and our faculty is considered to be among the most qualified.

The HKUST Business School is committed to providing the best quality executive education in the

world which focuses on creating a unique learning experience for our participants. We invite world-

class faculty and international experts to teach on our executive programs. Participants will gain the

cutting-edge insights and latest knowledge to keep them ahead in the dynamic business environment.

By HKUST Business School Executive Education Office

Since 2008, Professor Benz-Saliasi serves as Adjunct Associate Professor at Department of Finance, HKUST Business School, teaching a variety of courses such as Fixed Income Securities and Derivatives, Investment Analysis & Portfolio Management, Sustainable Investing for Master as well as undergraduate level. Alongside teaching, she has been acting as consultant/advisor to various NGO or market players with focus on Impact Investing and/or Responsible Investments, ESG Investing and Impact Measurement. In her consulting role she has implemented several advanced impact measurement methods such as randomized control techniques, SROI and GRII for several organizations in HK and Asia.

Professor Benz-Saliasi has been advising/ training and undertaken projects with various entities, on how to identify, analyze, measure and integrate the social, environment and governance (ESG) indicators into firm’s financials and portfolio asset allocation. In 2003, she graduated with a PhD in Financial Asset Management and Engineering (FAME /Swiss Finance Institute) from HEC – University of Lausanne, Switzerland, also holding a MPhil in International Economics from HEI- Graduate Institute of International Studies, Geneva, Switzerland and Certificate of Finance from Linacre College, Oxford University.

Professor Benz-Saliasi founded Ipsum Opus Limited in 2016 and serves there as Managing Director. Until 2007, she worked as Interest Rate Derivatives Strategist for UBS Investment Bank, Hong Kong. Back in 1999, while working for the hedge fund industry, Professor Benz-Saliasi produced a research on the Split Strike Conversion Strategy - a selling point for Bernard Madoff’s umbrella funds. The findings shed light into Madoff’s Ponzi scheme a decade before the fraud became public. Prior to that, in 1996, she helped create and establish the Department of Trading Supervision of the Security and Exchange Commission (SEC) in Albania. She recently published two cases studies on ESG integration on company valuation. Her current research interest focuses on green bonds and ESG. Previous academic research was on venture capitalist contracting and tech firm valuations using real option pricing techniques.

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World Class Faculty

Professor Entela Benz-SaliasiPhD in Financial Engineering, Swiss Finance InstituteAdjunct Associate Professor, Department of FinanceHKUST Business School

Program OverviewThe market is flooded with Corporate Social Responsibility (CSR) and/or Environment, Social and Governance (ESG) terminology. Many will use them, a few understand the consequences, but only a handful of players reap the benefits. It is by now a fact that CSR programs are short-term focused, superficial and detached to the company bottom line. Consequently, financial market imposes a discount on CSR. On the other hand, ESG attributes - if properly understood and integrated, are long-term focused and beneficial to the company. As such the market trades ESG attributes at a premium. ESG analysis provides corporate executives with the tools to better understand and manage risks. In today’s competitive environment, ESG serves as a springboard for capturing innovation through market opportunities.

Program Objectives Understand the definitions of ESG Investing Develop a framework to identify the key ESG attributes Measure the impact of ESG on the company value Understand the ESG score, methods and usage Acknowledge the benefits of ESG integration

Program Benefits How to analyze and focus only on the material ESG factors Map ESG attributes to potential risks and opportunities Learn how leading asset manager and asset owners use ESG for asset allocation and portfolio construction Identify, measure and price the ESG impact on company’s cash flows The benefits of issuing a green bond

Upon completion of the program, participants will receive a certificate of participation issued by the HKUST Business School.

Who Should AttendExecutive and manager who are responsible for investor relationships, sustainability (CSR) analyst, risk analyst, marketing; portfolio manager, business head, equity research analyst, credit research analyst, client advisor, and asset owner.

Program Content The business case for Environment, Social and Governance What do Environment, Social and Governance factors represent The materiality of Environment, Social and Governance (ESG) factors ESG scoring methodologies and their usage Implications of E, S, G factors on firm valuation Asset allocation with ESG factors Special topic: Green bonds “premium”

ESG INVESTING: UNLOCKING THE POSITIVE VALUE

Work Experience Average 16 yrs

PositionC Level Executive, President, Vice President, Executive Director, Managing Director, General Manager, Director, Financial Controller, Regional Head, Department Head, Manager, Professional, Business Owner, etc.

Open Programs 2017Participant Profile

14%Others

42%Bachelor degree holder

Master/ Doctoral degree holder 44%

AcademicBackground

Established in 1991, the HKUST Business School is recognized as one of the youngest and most

respected Business Schools in Asia. Our programs are consistently ranked among the very best in the

world by international media and our faculty is considered to be among the most qualified.

The HKUST Business School is committed to providing the best quality executive education in the

world which focuses on creating a unique learning experience for our participants. We invite world-

class faculty and international experts to teach on our executive programs. Participants will gain the

cutting-edge insights and latest knowledge to keep them ahead in the dynamic business environment.

By HKUST Business School Executive Education Office

Since 2008, Professor Benz-Saliasi serves as Adjunct Associate Professor at Department of Finance, HKUST Business School, teaching a variety of courses such as Fixed Income Securities and Derivatives, Investment Analysis & Portfolio Management, Sustainable Investing for Master as well as undergraduate level. Alongside teaching, she has been acting as consultant/advisor to various NGO or market players with focus on Impact Investing and/or Responsible Investments, ESG Investing and Impact Measurement. In her consulting role she has implemented several advanced impact measurement methods such as randomized control techniques, SROI and GRII for several organizations in HK and Asia.

Professor Benz-Saliasi has been advising/ training and undertaken projects with various entities, on how to identify, analyze, measure and integrate the social, environment and governance (ESG) indicators into firm’s financials and portfolio asset allocation. In 2003, she graduated with a PhD in Financial Asset Management and Engineering (FAME /Swiss Finance Institute) from HEC – University of Lausanne, Switzerland, also holding a MPhil in International Economics from HEI- Graduate Institute of International Studies, Geneva, Switzerland and Certificate of Finance from Linacre College, Oxford University.

Professor Benz-Saliasi founded Ipsum Opus Limited in 2016 and serves there as Managing Director. Until 2007, she worked as Interest Rate Derivatives Strategist for UBS Investment Bank, Hong Kong. Back in 1999, while working for the hedge fund industry, Professor Benz-Saliasi produced a research on the Split Strike Conversion Strategy - a selling point for Bernard Madoff’s umbrella funds. The findings shed light into Madoff’s Ponzi scheme a decade before the fraud became public. Prior to that, in 1996, she helped create and establish the Department of Trading Supervision of the Security and Exchange Commission (SEC) in Albania. She recently published two cases studies on ESG integration on company valuation. Her current research interest focuses on green bonds and ESG. Previous academic research was on venture capitalist contracting and tech firm valuations using real option pricing techniques.

P.2

WeChatWebsite

VenueHKUST Business School Executive Education Suite

3/F, Lee Shau Kee Business Building The Hong Kong University of Science and Technology

Clear Water Bay, Kowloon, Hong Kong

Cancellation and Refund PolicyA 50% refund of program fee is available for cancellation received in writing at least 4 weeks prior to the program commencement date.

Program details will be sent to participants by email 2 weeks prior to the program commencement date. If participants do not receive it accordingly, please contact the program office.

Places are available on a first come, first served basis.HKUST Business School reserves the right to make any amendments to the program without prior notice.

Contact & RegistrationRegistration deadline: 20 April 2018

To register, please complete the registration form attached or online registration form and send the completed form with program fee by cheque payable to “The Hong Kong University of Science and Technology” to:

Mr. Garrie Pang, Program Officer

HKUST Business School Executive Education Office Room 3011, Lee Shau Kee Business Building The Hong Kong University of Science and Technology Clear Water Bay, Kowloon, Hong Kong

(852) 2358 8013 (Mr. Garrie Pang)(852) 2358 7541 (Ms. Christine Chan)(852) 2335 5836ExecEd@ust.hkwww.bm.ust.hk/ExecEd

Program fee is due upon acceptance of application.

ESG INVESTING:UNLOCKINGTHE POSITIVE VALUESustainability: Managing hidden risks, capturingopportunities and pricing missing information

9MAY2018

(Wed)Hong Kong

FeesProgram Fee * HK$ 8,500Special rate for HKUST Alumni # or Early bird (by 29 March 2018) HK$ 7,000Corporate rate/Group participation HK$ 6,500(3 or more concurrent registrations) * The fee includes tuition, all teaching materials, refreshment and lunch# including participants of our open programs

Program Schedule9 May 2018 (Wed)9:30am – 12:45pm12:45pm – 1:45pm1:45pm – 5:00pmDaily schedule is subject to change

Morning SessionLunchAfternoon Session

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