The Environmental & Social Risk Analysis (ESRA) Online Course


Frequently Asked Questions

Course Programme

ESRA Survey results

The Environmental & Social Risk Analysis (ESRA) Online Course provides in-depth and personalised training. Tutors engage with participants online on a daily basis, providing guidance and facilitating debates. As a participant, you will be involved in a range of activities, from simulating implementation of environmental and social policies and guidelines and analysing case studies, to carrying out exercises based on your own clients’ environmental and social impacts.

Courses in 2021:

Dates Language Tutors
22 February to 12 March Spanish Lawrence Pratt & Gustavo Portaluppi
5 to 23 April English Lawrence Pratt & Melissa Makwarimba
31 May to 18 June (tailored to Ecuador Credit & Saving Cooperatives) Spanish Lawrence Pratt & Gustavo Portaluppi
21 June to 9 July English Lawrence Pratt & Aneta Wisniewska
5 to 23 July (tailored to ABAPPRA) Spanish Lawrence Pratt & Leandro Labbé
23 August to 10 September (Class 1) Spanish Lawrence Pratt & Leandro Labbé
23 August to 10 September (Class 2) Spanish Lawrence Pratt & Gustavo Portaluppi
6 to 24 September English Lawrence Pratt & Melissa Makwarimba
15 September to 15 October Chinese Rui Guan & Peiyuan Guo
18 October to 5 November Spanish Lawrence Pratt & Gracia Barahona
25 October to 12 November French Lawrence Pratt & Ilyès Abdeljaouad
1 to 19 November English Lawrence Pratt & Aneta Wisniewska

Target audience: Risk managers and analysts in commercial, corporate, investment and retail banking in or dealing with developing countries and emerging markets.

A limited number of places are also available for representatives from relevant stakeholder audiences including: supervisory/regulatory bodies, banking associations, government agencies, academic institutions, NGOs and civil society organisations involved in finance and sustainability issues.

Number of participants per course: In order to keep the high quality of our personalized course, the maximum number of participants that we accept per course is 24.

Please note that places for non-financial institution representatives are limited. Courses will not address how to financially analyse or how to set up a business plan for an environmental/socially oriented project in search of funding. The courses teach participants how to include environmental and social variables in the traditional analysis made by financial analysts when making lending and/or investment decisions, whatever the nature of the project.

Objective: To educate employees of local, regional and international financial institutions with a focus on emerging markets in the identification, analysis and management of environmental and social risks generated through their lending and investment activities. Consideration of social and environmental risks in financial analysis is a growing trend, which offers a wide range of opportunities both for the financial sector and for the promotion of sustainable development.

Contents: Each course is made up of five consecutive modules:

  1. Introduction to Sustainable Finance
  2. Identification of Environmental and Social Risks
  3. Categorization
  4. Evaluation of Environmental and Social Risks
  5. Administration of Environmental and Social Risks

Course contents and materials can only be accessed by participants. The course modules cannot be disaggregated.

Course Programme (PDF: 34KB)

Duration: Three weeks.

Time commitment: Two hours/day on average, Monday to Friday.

Timetable: Flexible, participants to set their own study times.

Language: Participants need to have a very good command of the language of the course they will be taking.


Participant Profile Fee
Representatives of medium-sized and large financial institutions (non-UNEPFI-members)* 1150 USD
Representatives of small financial institutions (non-UNEPFI-members)* 980 USD
Representatives of UNEP FI members (including from headquarters & from subsidiaries that pay the annual UNEP FI membership fee) 740 USD

*5% group discounts (3 or more people from the same Financial Institution in the same course edition).

Please note that course fees serve exclusively to cover the costs of running the course.

At the beginning of 2015, a new Cancellation Policy has been introduced. Participants who cancel their participation in a course once it has started and wish to be placed in a future edition will receive as a courtesy a 10% discount on the tuition for that future course. The course is highly customized, and these late cancellations create costs for the organizers and deny the position in the course to others who were turned away.

Applications: All applications should be submitted via our online form at least one week prior to the course you wish to participate in. Please consult our FAQs concerning applications.

On-line registration: English Spanish French

Overall, 132 ESRA Online Courses have taken place in English, French, Chinese and Spanish with a total of 2,948 participants from 125 countries since 2006.

The ESRA Online Course is a product of the United Nations Environment Programme Finance Initiative (UNEP FI), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and the INCAE Business School, with the support of the Ecobanking Project. Initially developed in Spanish in 2006 by the UNEP FI Latin American Regional Task Force, with the support of Bank of America, the English-language edition of the course was produced in 2007 thanks to the support of FMO. The French edition of the Course was produced in 2010 thanks to the support of DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH (“DEG”), Promotion et Participation pour la Coopération économique (Proparco) and the Agence Française de Développement (AFD). The course material has been updated in 2020/2021 with the support of the Sustainability Academy, an initiative of the Fund Development Facility and CAF – Latin American Development Bank.

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Developed with the kind support of:


For further information please contact:
Carolina Yazmín López