Sustainable Finance

Sustainable & Responsible Investments
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Integrating sustainability criteria into the investment process is regarded as the fine art of asset management. Broaden your investment expertise with this forward-looking specialisation on the compact "Sustainable & Responsible Investments" program
Registration
  • German
  • hybrid
  • 6 ECTS
  • 4 , 950 €
  • Next start: 22.09.2026
  • 7 Präsenztage
  • Campus Rheingau
The Programme

Even Nature Would Invest in This

Across 14 modules, you will gain a decisive knowledge edge in the forward-looking and economically significant field of sustainable investment. This enables you to improve the quality of your investment decisions and of the advisory mandates you handle. And the results aren't measured in returns alone, but in social impact too.


Concept in Detail

Climbing the Career Ladder. Without the Carbon Footprint

Achieving both environmental and social objectives is a core responsibility for today's leaders. At the same time, demand for sustainable investment products has grown significantly in recent years. On the compact "Sustainable & Responsible Investments" programme, you will be equipped to shape your organisation's sustainability-oriented business strategy in a way that is contemporary, creative and professional. For you, that means a genuine, lasting boost to your career.

 

Nine Cohorts, Over 300 Graduates — Countless Lessons Learned

EBS has stood for credible leadership on sustainability for years. With over 300 graduates across nine cohorts, this is one of the market-leading programmes at university level. It provides granular insight into the forward-looking, economically and socially significant field of sustainable investment, with a particular focus on economic concepts and the investment strategies of the future. Good numbers, and a good conscience.

 

What matters to us

At EBS, we shape leaders. That is why we place great emphasis on the direct transfer of knowledge. We achieve this through guided "real-life cases" — concrete, practice-based scenarios closely aligned with the programme — and through forward-looking interaction that keeps the wider world in view. With that in mind: full leadership ahead.


Contact
Portrait photo of Rolf Tilmes

Prof. Dr. Rolf Tilmes

Programme Director

Qualification & Prospects

Your Opportunities Going Forward

Graduates of the compact programme are, as SRI Advisor (EBS), ready in every sense of the word to take on lasting responsibility. They are optimally prepared to build and advance a successful career in the new, ever-growing field of sustainable investment, and to become active shapers of the transition.

The EBS compact SRI programme has significantly enriched my day-to-day work with sustainable investment solutions. The excellent combination of content and lecturers offers a high-quality mix of theoretical know-how and practical approaches. Even though I've been working in this field for years, I gained numerous new insights.

Peter Körndl, Senior Portfoliomanager, Commerzbank

EBS Executive School is ranked #3 in the Financial Times 2024 ranking for Executive Education Open Programs in Germany.
FT Executive Education Ranking

Ausgezeichnet von der Financial Times

The Financial Times has ranked the leading providers of executive education for 2026. EBS Universität's Executive School achieved an outstanding position nationally among open programmes. Among the criteria in which the Executive School particularly excelled were graduate satisfaction, programme design and faculty. The Financial Times Ranking confirms the excellence of the Executive School's programmes and underlines our commitment to enabling successful careers through further education.

Target Audience & Requirements

What You Ideally Bring With You

The certificate programme is aimed at the following target groups:

  • Wealth managers and investment advisers at banks, asset management firms, insurance companies and pension funds, family offices, foundations and church institutions, as well as independent financial services providers
  • Project developers at real estate companies with a focus on sustainable investment for existing and newly developed real estate projects and portfolios
  • Investor relations managers, treasurers and CSR managers at corporations and large trade associations

Basic Requirements
  • Proof of a completed degree from a university, university of applied sciences or vocational academy or 
  • Evidence of suitability through relevant professional experience or further training, preferably in finance and/or sustainability, together with proof of general or subject-restricted higher education entrance qualification

Fees

An Investment in Greater Responsibility

The total cost of the "Sustainable & Responsible Investments" certificate programme is 4,950 euros.

 

For members of BAI, CRIC, FNG and VfU, for EBS Executive School alumni, and for holders of the EFA, CFP, CFEP and CEP designations, the tuition fee is 4,455 euros.

Tuition fees include course materials, lunch and refreshments.

 

Examination at the first scheduled sitting is included in the tuition fee, as is the first resit date set by the Examinations Office. A fee of 180 euros applies for each subsequent resit registration.

 

This service is exempt from VAT pursuant to Section 4 No. 21 a) bb) of the German VAT Act (UStG).

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Our Faculty

Sustainable Responsibility? Our Experts Know the Way

Academic Director: Prof. Dr Rolf Tilmes, EBS Executive School

 

Programme Director: Dr Thomas Schulz, Head of Sustainability Programmes, EBS Executive School


Our Lecturers
  • WP StB Carsten Auel, Director, Sustainable Finance, Deloitte GmbH Wirtschaftsprüfungsgesellschaft Deutschland, Frankfurt am Main
  • Dr. Julia Bahlmann, Co-Head SDG Office, FERI AG, Bad Homburg
  • Peter Brodehser, Partner Infrastructure Investments, DWS Group, Frankfurt am Main / Board Member, BAI Bundesverband Alternative Investments e.V., Frankfurt am Main
  • Sara Eichert, Team Lead, Client Success (DACH), ISS Stoxx, Institutional Shareholder Services Germany AG, Munich
  • Hermann Horster, Branch Manager/Regional Director – Head of Sustainability, BNP Paribas Real Estate Consult GmbH, Hamburg
  • Rolf D. Häßler, Managing Director, NKI Institut für nachhaltige Kapitalanlagen, Bad Soden-Salmünster
  • Dr. Stefan Klotz, Owner, VIF Klotz Consulting – verantwortliches Investieren an den Finanzmärkten, Munich
  • Sven Remer, Senior Analyst, Climate & Company – The Berlin Institute for Climate Training and Research gGmbH, Berlin
  • Daniel Sailer, Head of Sustainable Investment Office, Metzler Asset Management GmbH, Frankfurt am Main
  • Dr. Simon Scheiter, Senior Scientist, Head of Emmy Noether Research Group “Biodiversity and Ecosystem Services in the Earth System”, Senckenberg-Gesellschaft für Naturforschung, Frankfurt am Main
  • Dr. Kevin Schaefers, Head of Sustainable Investment Office, HypoVereinsbank/ UniCredit Bank AG, Frankfurt am Main
  • Ingo Speich, Head of Sustainability and Governance, Deka Investment GmbH, Frankfurt am Main
  • Dietrich Wild, Vice President, Financial Sector Lead, ESG Ratings, ISS-ESG, ISS Institutional Shareholder Services AG, Frankfurt am Main

Curriculum/Duration

14 Modules, 15 Lecturers - 100% Career Push

The seven-day "Sustainable & Responsible Investments" certificate programme comprises 14 modules, whose content forms the basis of a three-hour written examination. Below you will find a detailed overview of the course content.


Module 1: Planetary Boundaries: The Limits of Economic Activity

  • The climate system and climate change
  • Climate change in the past and present
  • Climate change in the future, feedback loops in the Earth system, tipping points
  • The impact of climate change on weather events and attribution
  • The impact of climate change on biodiversity, ecosystems and people
  • The consequences of global change for people
  • Biodiversity loss and ecosystem services
  • Planetary boundaries and the Great Acceleration
  • Sustainability and sustainable development, global initiatives
  • Economic and socioeconomic consequences of climate change


Module 2: Sustainable Investing: Terminology, Norms, Concepts, Markets

  • Terminology, motivations, norms
  • The market for sustainable investments
  • Investors: categories and investment objectives
  • Initiatives from market participants (investors, exchanges, NGOs): objectives, programmes and significance
  • Sustainability indices: significance for the capital markets
  • Barriers to the wider adoption of SRI


Module 3: Sustainability Ratings and ESG Business Intelligence

  • The purpose, significance and impact of ESG ratings
  • The process and assessment methodology of ESG ratings
  • Distinguishing features of ESG rating agencies
  • Providers of ESG research and other ESG business intelligence


Module 4: Investment Ethics: Fundamentals and Application (in Sales and Advisory Contexts)

  • Introduction: core ethical concepts and why they matter in advisory and sales settings
  • What does sustainable investing mean from an investment ethics perspective?
  • Beyond regulation: investor and adviser typologies
  • Integrating the ethical dimension into the investment advisory process
  • Case study - exclusion criteria: comparing financial, non-financial and ethical practical guidelines for advising on sustainable investments


Module 5: Regulating Sustainable Investment: Fundamentals of the Taxonomy, CSRD and SFDR

  • Regulatory and legal frameworks for portfolio companies, tangible assets and other assets (e.g. CSRD, VSME, EU Taxonomy)
  • Regulation of asset managers, insurers and institutional investors (e.g. SFDR)
  • Overview of required investor information and distribution requirements (including MiFID II and IDD)
  • Labels, codes and other voluntary commitments (e.g. UN PRI)
  • Overview of expected changes arising from the Omnibus process (in particular CSRD, EU Taxonomy, SFDR)


Module 6: Portfolio Construction and Greenwashing Risk

  • Case study: constructing a hypothetical portfolio with a defined sustainability objective (e.g. Article 9-compliant, climate-neutral, etc.)
  • Greenwashing: definition, significance, risks, regulation (legislation, regulators such as BaFin, ESMA, EIOPA), the role of the Green Claims Directive, the Empowering Consumers Directive (EmpCo), etc.


Module 7: Strategies for Sustainable Securities Investment

  • Asset classes from an SRI perspective
  • Investment strategies (I): exclusions, screening
  • Investment strategies (II): ESG integration, shareholder engagement
  • Investment strategies (III): mission/impact investing, thematic strategies, etc.
  • Integrating ESG into the investment process
  • Current developments


Module 8: Strategies for Sustainable Real Estate Investment

  • The market for sustainable real estate investment
  • The influence of political developments and evolving regulation on the market
  • Integrating sustainability across the real estate life cycle
  • International certification schemes and ratings for sustainable buildings, and their relevance
  • Climate strategies for real estate portfolios
  • The impact of sustainability on financing, vacancy, rents and the value of green buildings


Module 9: Strategies for Sustainable Infrastructure Investment

  • Infrastructure as an asset class
  • Investment opportunities and portfolio construction
  • Integrating ESG into the investment process
  • Sustainability case studies
  • Current developments


Module 10: Impact Investing

  • Terminology and concepts
  • Distinguishing impact investing from sustainable investment more broadly
  • Market overview of impact investing
  • Key national and international initiatives and market participants
  • Impact measurement, monitoring and management: theory and practice


Module 11: The Impact of Sustainable Investment (Micro and Macro Perspectives)

  • Micro perspective
    • The dual impact promise of sustainable investment
    • Analyses of the financial performance of sustainable investments
    • Impact levers of sustainable investment
    • Impact and effect - synonyms, or different approaches?
    • Measuring sustainability-related impact
    • Reporting on sustainability-related impact
  • Macro perspective
    • Financing needs to achieve the Paris climate goals
    • EU instruments for redirecting capital flows
    • Interim assessment: the impact of individual instruments
    • Transition finance vs Taxonomy alignment of investments
    • Conclusion: is the financial market overwhelmed by its role as a driver of transformation?


Module 12: SRI Products in Practice: Investment Products, Issuers, Platforms

  • Sustainability of liquid and illiquid investment products (equities, bonds, funds/ETFs, certificates, private equity, infrastructure stakes, etc.)
  • Green fixed-income instruments (green and social bonds, positive incentive loans, etc.)
  • How sustainable ETFs work, their opportunities/risks and key themes
  • Information platforms for sustainable investment products


Module 13: Climate Risks and Opportunities in Asset Management

  • Climate change and investment: terminology, political framework, opportunities and risks
  • Measuring and integrating climate risk: approaches, indicators, tools
  • Climate reporting: from CDSB and TCFD to IFRS S2 and CSRD
  • Climate-oriented investing: implementation, strategies and opportunities (indices, active strategies, climate-neutral investments, long/short, etc.)
  • Outlook and discussion


Module 14: Next-Level Challenge: Biodiversity

  • Biodiversity and planetary boundaries as a systemic risk and opportunity framework for business and capital markets (including the 2025 Planetary Health Check, IPBES 2026)
  • Nature-related physical, transition, legal and reputational risks in portfolios and value chains
  • Biodiversity-related growth, transformation and innovation opportunities for companies and investors
  • Regulatory momentum and market standards as drivers of research, reporting and product development (TNFD, EU Taxonomy, CSRD)
  • Developing biodiversity-related investment strategies and mandate solutions (natural capital, sustainability-linked structures, nature markets)
  • Integrating nature-related data and targets (including SBTN) into research, valuation, asset allocation and portfolio construction
  • Stewardship and engagement as levers for strategic capital allocation in a "nature-positive economy"
  • Practical examples from European asset managers and institutional investors

Good to Know

Dates:

Start date (14th cohort): 22 September 2026

  • Block phase 1 (Tue–Thu): 22–24 September 2026, 9:00 am – 4:45 pm
  • Block phase 2 (Mon–Thu): 5–8 October 2026, 9:00 am – 4:45 pm
  • Examination (Saturday morning): 7 November 2026, 9:00 am – 12:00 pm 

Helpful Documents

ECTS Credits and Recognition Towards the Master's Programme

The "Sustainable & Responsible Investments" certificate programme carries 6 ECTS credits, which can be credited towards the"Master in Business (M. A.)"  with a specialisation in either "Wealth Management" or "Sustainable Finance".

Format: Hybrid

This executive education programme is delivered in hybrid format. Participation is possible both on campus and via Zoom.

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Our Partners

The Bundesverband Alternative Investments e.V. (BAI), founded in Bonn in 1997, represents the interests of the alternative investment sector in Germany across all asset classes and products. Its membership spans every area of the professional alternative investment industry, with 300 national and international companies currently members of the association. The BAI is committed to helping professional investors in Germany diversify their capital more easily and effectively into alternative asset classes, with particular attention to the long-term security of German pension provision. It regards legislative reform and the ongoing development of the law in the interests of its members and their investors as a core part of its mission.

 

Under the acronym B.A.U.M. , the Bundesdeutscher Arbeitskreis für Umweltbewusstes Management e.V. has, since 1984, successfully and forward-looking-ly brought together economic, environmental and social issues — that is, the principles of sustainability. Today, with around 700 members, B.A.U.M. is an important information and contact network for sustainable business across Europe. B.A.U.M. sees itself as a strong voice for sustainably run companies and as a driver of sustainable development.

 

The Corporate Responsibility Interface Center (CRIC) e.V. – an association promoting ethics and sustainability in investment, is a non-profit organisation dedicated to giving greater weight to environmental, social and cultural considerations in business and society. To promote ethical, sustainable investment, CRIC engages in dialogue with business, politics and civil society. With more than 130 members across the DACH region, CRIC also works in an interdisciplinary and critically reflective way. Its focus areas include raising awareness of values- and impact-based investing, sustainable investment strategies, particularly engagement, and academic research.

 

As a strong voice for the capital markets, the Deutsche Aktieninstitut has represented the interests of listed companies and other key capital market participants since 1953. The Deutsches Aktieninstitut also serves as the secretariat of the Government Commission on the German Corporate Governance Code. It advocates for a strong capital market that enables companies to finance themselves effectively and contribute to society's prosperity.

 

DIRK – Deutscher Investor Relations Verband is the largest European professional association connecting companies and capital markets. We give investor relations (IR) a voice, representing around 90% of listed capital in Germany. As an independent centre of expertise, we help optimise dialogue between issuers, capital providers and relevant intermediaries, setting professional quality standards along the way.

 

The FNG – Forum Nachhaltige Geldanlagen is the professional association in Germany, Austria and Switzerland representing around 200 members committed to sustainability in the financial sector. Its membership includes banks, insurers, investment companies, asset management firms, wealth managers, rating agencies, financial advisers, academic institutions, NGOs and private individuals.

 

ICV is the centre of expertise for modern controlling, with its services benefiting controllers, CFOs, CEOs and managers alike. ICV understands controlling as a goal-oriented management process that can only be effective through collaboration between controllers and managers. Economic sustainability is our guiding principle. ICV is there for everyone involved in controlling, bringing together what belongs together but doesn't always come together in everyday practice, and which is stronger when it does.

 

The Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten is a network, founded in 1995, of sustainable finance professionals from around 50 financial institutions across the DACH region (banks, insurers, investment companies and related associations). VfU's central aim is to promote and disseminate "sustainable finance", enabling substantial progress towards sustainable development.

 

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Prof. Dr. Rolf Tilmes

Programme Director

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