Chief Sustainability Officer (CSO), Certificate | IMF Academy | Eindhoven, Netherlands
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Certificate On Campus

Chief Sustainability Officer (CSO)

5 days
Duration
4780 EUR/full
4780 EUR/full
Unknown
Tuition fee
Anytime
Unknown
Apply date
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Start date

About

In this 5-day course you will learn to integrate sustainability into your organization's strategy and operations. You will have a broad, in-depth and up-to-date knowledge of current laws and regulations, challenges, and sustainability risks!

Overview

35% of large firms in the EU has already appointed a Chief Sustainability Officer (CSO)!

Chief Sustainability Officers (CSO) are increasingly being appointed in companies to strategically define and embed/implement sustainability in their organization. In Europe, 35% of all corporates has already appointed a CSO. As Chief Sustainability Officer, you are responsible for integrating sustainability into your organization's strategy and operations. For this, you need broad, in-depth and up-to-date knowledge to interweave sustainability in your company's strategy and translate your strategy into working action plans.

A sustainable organization is not only a choice but also a must

An overwhelming number of laws and regulations and an enormous social pressure make integrating sustainability into your overall strategy and business operations both desirable and inevitable. For example, investors will increasingly want to do business with sustainable companies. How do you ensure that - in addition to profit - people and planet are also embedded in your company?

Climate change is recognized as one of the greatest business risks worldwide. What are the effects of circular thinking on the supply chain, the production process, marketing, and your customers? The energy transition is also an important development that your organization can't ignore. Are there opportunities for your company as well?

The launch of the Corporate Sustainability Reporting Directive (CSRD) by the European Commission is of great importance and leads to regulations that align sustainability reporting with financial reporting. Financial and non-financial reports are therefore given equal value. From the financial year 2025, large companies must - among other things - measure and report their climate impact and from 2027, the EU will also make this mandatory for large SMEs. If you fail to do so, you risk that your annual report will not be approved. However, ESG (Environment, Social, Governance) reporting is still in full development. A (future) vision when drawing up and/or checking ESG reports is therefore very important!

Sustainable finance means sustainable investment in or sustainable financing of companies. What does this mean for raising capital? For example, issuing 'green bonds' can be financially (and in terms of reputation) attractive for your organization. 

To adequately embed sustainability risks in your organization's risk management, you must have a system for data collection. After all, consistent and reliable data are crucial, also for reporting purposes. In short, how do you develop data-driven ESG management for your company?

Sustainability is not just about the environment. The S (Social) of ESG, such as social inequality, diversity, safe working conditions, etc., is also an important issue within sustainability. How do you deal with the social responsibility/impact of your company?

Most European economies must be fully circular by 2050 (Green Deal). There still is a lot to do to realize the transformation to a circular economy. Which standards should you take into account on your way to a circular economy and how do you translate these to your stakeholders? Technological innovation (recycling, hydrogen, etc.), but also legislation, cause changes in cost prices and therefore market dynamics. What are the consequences for your current business models?

Developments in the field of sustainability are moving at the speed of light. The changing and future standards and guidelines will always lead to a reconsideration of your strategy. During the course, ample attention is paid to relevant international standards, guidelines, (emerging) legislation, and current trends.

After this course, you will have up-to-date knowledge about how you can turn sustainability challenges into opportunities for your organization and how you can manage the accompanying risks.

What will you learn as a (future) Chief Sustainability Officer (CSO)?

As a (future) Chief Sustainability Officer (CSO) you are confronted with numerous dilemmas, but also with opportunities. For example, the Sustainable Development Goals (SDG) provide clear frameworks for transforming into a sustainable organisation. You are also required to include non-financial information in your reporting. During the course, therefore, much attention is paid to sustainability reporting, compliance, and audit with an extensive explanation of, among other things, the EU Taxonomy, SDFR, CSRD, TCFD and the Climate Agreement, the consequences for setting up the chain and setting up the formal structures. For an overview of all topics that are covered, please examine the curriculum.

After this course, you can make informed decisions about how to use sustainability as a building block for your strategy and to translate your strategy into actions.

For whom is this Chief Sustainability Officer (CSO) course relevant?

The Chief Sustainability Officer (CSO) course is of strategic and practical importance for all professionals involved in drawing up, implementing, and reporting on the organization's sustainability policy. We are thinking of (future) CSOs, CEOs, CROs, CIOs, CFOs, controllers and other finance professionals and their internal and external advisors, such as internal and external accountants, auditors, risk managers, compliance officers, policy analysts, (company) lawyers, investor relations managers, HR managers, business/product development managers, quality managers, marketing managers, communication managers, PR managers, environmental managers and supply chain managers.

The course is also important for investors and asset managers, such as banks, insurance companies, private equity companies, pension funds, and regulators.

Programme Structure

DAY ISUSTAINABILITY – DRIVERS AND RELEVANCE

Setting the Scene

  • Brundtland report; People, Planet, Profit (PPP); Corporate Social Responsibility (CSR); Integrated Thinking; creating shared value
  • Voluntary initiatives/International Corporate Social Responsibility (ICSR) covenants
  • Integration of existing (voluntary) initiatives such as Global Reporting Initiative (GRI), Task Force on Climate-Related Financial Disclosures (TCFD), etc.
  • Legislation
  • EU Green Deal
  • EU Taxonomy
  • SDFR (Sustainable Finance Disclosure Regulation)
  • CSRD (Corporate Sustainability Reporting Directive)
  • Translation into international agreements (Paris Climate Agreement)
  • CSDDD (Corporate Sustainability Due Diligence Directive)
  • Climate and energy transition and the importance of circularity
  • Imminent risks (dual materiality): impacts of climate change (for business)
  • Reporting
  • Market dynamics (innovation, taxes, consumer preference)
  • Where does your influence lie as Chief Sustainability Officer (CSO)?

Drivers and relevance of sustainability for the business and financial sector

  • Where are your limits?
  • Business reputation (specific examples); Greenwashing
  • Market opportunities
  • Risks: difference B2B and consumer market
  • Cost and profit potential
  • Legislation (EU); CO2 tax; subsidies
  • ISO 26000 (Corporate Social Responsibility/CSR)
  • ISO 14091 (Climate Change Risk Assessment)
  • Customers
  • What is your position in the chain?

Business principles, corporate values, ethics and culture

  • Corporate values
  • Leadership
  • Responsibility of 'the top'
  • Culture and 'tone at the top'
  • Ethics and business
  • Discussion: 'the business of business is doing business'

DAY IISUSTAINABLE (BUSINESS) STRATEGY: REALIZATION AND IMPLEMENTATION

Sustainability in the strategy

  • The management process throughout the organization (from purchasing, HR, the customer, reporting, etc.)
  • Where is your impact as a company?
  • How do you behave?
  • Are you going too fast or are you going too far?
  • Company culture
  • Urgency: investment cycle (years)
  • The role of the Chief Sustainability Officer (CSO): various perspectives and studies

From policy to implementation

  • Formulate objectives
  • Setting priorities (materiality analysis)
  • Involving formal and informal leaders (incl. Supervisory Board and other advisory boards)
  • Involve relevant stakeholders
  • Adapting processes and procedures: using international standards and methods, from ISO and OECD to UNGP (United Nations Guiding Principles on Business and Human Rights) and SBT (Science-Based Targets)
  • Internal and external communication
  • Measuring the results
  • Data is crucial for sustainability!
  • Transparency about success and setbacks
  • Insights from (formal) reporting: various standards such as GRI (Global Reporting Initiative), SASB (Sustainability Accounting Standards Board), etc.
  • Review remuneration policy

DAY IIISUSTAINABILITY LEGISLATION, SUSTAINABILITY REPORTING, COMPLIANCE, AND AUDIT

Legislation (from Europe)

  • EU Green Deal
  • EU Taxonomy
  • Sustainable Finance Disclosure Regulation (SFDR): successful implementation partly dependent on Corporate Sustainability Reporting Directive (CSRD)
  • Corporate Sustainability Reporting Directive (CSRD): data!
  • Corporate Sustainability Due Diligence Directive (CSDDD)
  • Centrally address negative impacts on human rights and the environment in value chains
  • Link variable remuneration of directors to the sustainability objectives of the company
  • Translation of international agreements
  • Task Force on Climate-Related Financial Disclosures (TCFD) and Task Force on Nature-Related Financial Disclosures (TNFD)
  • Staying ahead of the benefits of the legislation

Climate agreement

  • No legislation, but still...

Developments with regard to reporting

  • Explanation of the various reporting systems and methodologies such as SASB, GRI, Integrated Reporting, ...

Compliance

  • Incorporating knowledge about sustainability into existing processes

Audit

  • 3 Lines of Defense (3LoD)
  • Assurance
  • The role of audit and the role of the Audit Committee

DAY IVSUSTAINABLE FINANCE – RISK MANAGEMENT

What do investors pay attention to and what should they take into account?

  • Return and risk
  • Reputation
  • Followers
  • Whether or not exclude business activities
  • Willingness to reduce negative consequences for society and the environment
  • Willingness to compensate damage (Remedy – United Nations Guiding Principles)
  • Contributing to solutions (real world impacts): per investment but also at portfolio level
  • Using 'Green Bonds'
  • Principles for Responsible Investment (PRI) and their impact on stock markets
  • Regulators demand insight into sustainability risks

What do banks (and other financiers) pay attention to?

  • Reputational damage and financial damage
  • Example: Equator Principles
  • 'Tailored influence'
  • More and more sector policy
  • From large companies to increasingly smaller companies (sustainability requirements also in the chain)

What do insurers look for?

  • Climate change in particular leads to changes in risk estimates

Risk management

  • Case
  • Risk management policy in conjunction with risk 'appetite'
  • Reputation risks
  • Financial risk
  • Indirect damage

DAY VMARKET CHANGES, INNOVATION, AND INSIGHT IN THE CHAIN

Market changes and innovation

  • Changes in markets
  • Innovation: consequences of existing 'business models'
  • Possibilities to change
  • From strategy to a sustainable profitable (renewed?) business model

Insight into the chain

  • Operate in conjunction

The outside world

  • Stakeholder management
  • How to deal with the media and NGOs?
  • How do you influence suppliers and customers?

Key information

Duration

  • Full-time
    • 5 days

Start dates & application deadlines

Language

English

Delivered

On Campus

Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

We are not aware of any English requirements for this programme.

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Liability
  • Home contents and baggage
  • Accidents
  • Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

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Tuition Fee

To always see correct tuition fees
  • International

    4780 EUR/full
    Tuition Fee
    Based on the tuition of 4780 EUR for the full programme during 5 days.
  • National

    4780 EUR/full
    Tuition Fee
    Based on the tuition of 4780 EUR for the full programme during 5 days.

Fee / Registration

The fee for the 5-day Chief Sustainability Officer (CSO) course is € 4,780 (excl. VAT) per person. This amount includes all lunches, coffee/tea and documentation material.

Living costs for Eindhoven

850 - 1350 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

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