The Environmental & Social Risk Analysis (ESRA) Online Course
Frequently Asked Questions
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:
|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:
- Introduction to Sustainable Finance
- Identification of Environmental and Social Risks
- Evaluation of Environmental and Social Risks
- 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.
|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.
Mari Freigang Ogura, Head of Central Services, Group Shareholding Reporting, UBS, Switzerland
“I found ESRA course to be very useful. It provides a comprehensive list of topics to consider, enquire, and engage the client with. The format emphasized the importance of the sustainability of raw materials and the impact of climate change, both of which were areas that supported my own considerations. The HR practices on diversity and inclusion were definitely encouraging and important to highlight as a key factor when assessing risk. The online design and structure of the course enabled many of us to balance our time between our daily responsibilities and taking this course. Thank you for this opportunity. The ESRA course acts as a guide to drive Q&A in the client meetings and as a reminder for completeness. It also helps to consider the significance of each type of issue, while acknowledging that “in progress” efforts do help mitigate risks, giving some credit to the client.”
Ribhu Ranjan Baruah, Manager,
NEDFi Venture Capital, India
“Thanks for your guidance and it was great learning from you on the finer aspects of ESRA. The three weeks were very valuable indeed and the learnings will greatly help direct my engagements in E&S risk assessments. The ESRA course definitely helps to deal with the E&S risks assessment process by breaking down the various thematic variables and bucketing responses. This allows the Analyst to have a good grip on the risk assessment with likely scenarios and prioritize areas requiring greater focus. The ESRA course is no doubt a great tool for engaging with the client/management to better understand risk areas and their likely impact. The course was helpful, well-structured and professionally delivered. Detailed comments on the exercises by the Tutor, Melissa, were insightful and I also gathered a lot from the forums where participants in the cohort put forth interesting perspectives.”
Thibault Neveu, Investment Officer, LION'S HEAD GLOBAL PARTNERS, United Kingdom
“I wanted to thank you for all the feedback you gave during the last 3 weeks. The ESRA course was very helpful and explored further details which covered many topics that were not initially envisaged. This is a great tool to screen a project and raise potential issues with a client.”
Guadalupe Landa Rosas,
Head of Department, Raiffeisen Bank International, Austria
“The formats have been very useful when going through all the topics in the assessment of E&S risks. They provide clarity and structure to the assessment, which is highly appreciated, due to the complexity of the topic. The forms, as well as your comments on my exercise, have supported me in the understanding and the structuring of all the relevant topics to be considered when evaluating such projects"
Raquel Gomez, Case Research Analyst, World Bank Group (CAO office), United States
“I wanted to take a moment to tell you that I have really enjoyed the course. The material, and in particular your detailed feedback on the exercises have been extremely helpful. All this learning will be very useful as I continue to interact more with FIs”
Credit Analysis Specialist, Zambia National Commecial Bank, Zambia
“Many thanks to Christina and the entire team of participants for the invaluable experience. I enjoyed the forums and particularly seeing how different people assessed different issues”
Marika van der Welt ,
Self employed lawyer, South Africa
“Thank you to you and your colleagues for developing the course. It was interesting and I learnt very much. Best of all, I now have solid reasons to advise communities to complain to the banks when their livelihoods are threatened”
Prash Odhavji, Senior Manager - Sustainable Finance, Australia and New Zealand Banking Group, Hong Kong
“I wanted to take this opportunity to say a very big thank you for your assistance over the last ~4 weeks. It has given me great motivation to engage in various discussions and to drive further change within the organisation so much so that I am meeting with some of the senior executive panel next week to discuss how we may be able to re-shape our current framework”
Caroline Kathambi, Senior Consultant, African Development Bank, Kenya
Wow! Thank you so much for this detailed and useful feedback.
The ESRA, along with your feedback was insightful, particularly in regards to comprehensive consideration of biodiversity, and habitat health in ESG performance. It also really reinforced my thinking as a practitioner on disaggregating impacts by time-horizon, and the implications on risk analysis and evaluation"
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 eco.business Fund Development Facility and CAF – Latin American Development Bank.
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For further information please contact:
Carolina Yazmín López