Environmental, Social and Governance Factors for Business, MBA
The Concentration/Major in Environmental, Social, and Governance Factors for Business (ESGB) is designed to provide in-depth foundations for those interested in the complex relationships between business and the natural environment and business and society more broadly, including management of environmental, social, and governance risks and opportunities, the business and economics of energy, and the ways in which firms incorporate ESG factors into their governance. There is a strong need for a new generation of expert business leaders who understand the rapidly evolving trends in business models, technology, regulation, and financing with implications for the environment and society as a whole. Students choosing the ESGB Concentration/Major are therefore ideally suited for the ever-expanding set of careers in many fields. Relevant courses are offered by departments including Accounting, Business Economics and Public Policy, Finance, Legal Studies and Business Ethics, Management, Marketing, and Operations Information and Decisions. This Concentration/Major is jointly administered by the Business, Economics and Public Policy Department, the Legal Studies and Business Ethics Department, and the Management Department. The Faculty Advisors to this Concentration/Major are Professors Arthur van Benthem (BEPP), Vit Henisz (MGMT) and Sarah Light (LGST). Questions from current Wharton students regarding this Major should be directed in the first instance to Sara Jane McCaffrey. Prospective students should contact the Admissions Office.
For more information: https://esg.wharton.upenn.edu/students/esg-major/
Curriculum
A minimum of 19 course units is required for graduation.
Major electives taken on a pass/fail basis cannot be counted toward the ESG major.
| Code | Title | Course Units |
|---|---|---|
| Environmental, Social and Governance Factors Major Requirements | ||
| Select 4 course units from the following: | 4 | |
| Environmental: | ||
| Climate and Financial Markets | ||
| Risk Analysis and Environmental Management | ||
| Energy Markets & Policy | ||
| Energy Finance | ||
| Environmental Management: Law and Policy | ||
| The Business and Governance of Water | ||
| Environmental Sustainability and Value Creation | ||
| Strategy and Environmental Sustainability | ||
| Global Modular Course A | ||
| Thinking with Models: Business Analytics for Energy and Sustainability (Social and Governance:) | ||
| Social and Governance: | ||
| Financial Disclosure Analytics | ||
| Public Finance and Policy | ||
| Economics of Diversity and Discrimination | ||
| ESG and Impact Investing | ||
| Shareholder Activism | ||
| Big Data, Big Responsibilities: Toward Accountable Artificial Intelligence | ||
| Other People's Money: The Law, Politics, and History of Financial Institutions | ||
| Law of Corporate Management and Finance | ||
| Employment Law | ||
| International Business Ethics | ||
| Social Impact and Responsibility: Foundations | ||
| Leading Diversity in Organizations | ||
| Corporate Governance, Executive Compensation and the Board | ||
| Reforming Mass Incarceration and the Role of Business | ||
| Corporate Diplomacy | ||
| WORKS Immersion (Prison Education) | ||
| Social Entrepreneurship | ||
| Global Modular Course A | ||
| Marketing for Social Impact | ||
| Urban Fiscal Policy | ||
| In addition, we note the following: For both undergraduates and MBA students especially interested in ESG analytics, we note that while the STAT Department does not have courses on this list that count toward the 4 required credit units for the concentration/major, the following courses may be of special interest: | ||
| Data Collection and Acquisition: Strategies and Platforms | ||
| Predictive Analytics for Business | ||
| Applied Machine Learning in Business | ||
| Text Analytics | ||
| Forecasting Methods for Management | ||
| Introduction to Bayesian Data Analysis | ||
| Data Analytics and Statistical Computing | ||
| Modern Data Mining | ||
| Sample Survey Design | ||
| Introduction to Python for Data Science | ||
| Electives | ||
| Select 5.5 course units of electives | 5.5 | |
| MBA Core Requirements | 9.5 | |
| Total Course Units | 19 | |
MBA Core Requirements
| Code | Title | Course Units |
|---|---|---|
| Accounting | ||
| Select one of the following: | 0.5-1 | |
| Fundamentals of Financial Accounting | ||
| Fundamentals of Financial and Managerial Accounting | ||
| Finance 1 | ||
| Corporate Finance | ||
| Select one of the following: | 0.5-1 | |
| Corporate Finance | ||
| Corporate Finance (Half CU) | ||
| Macroeconomics | ||
| Select one of the following: | 0.5-1 | |
| Macroeconomics and the Global Economic Environment | ||
| Macroeconomics and The Global Economic Environment (Half CU) | ||
| Legal Studies | ||
| LGST 6110 | Responsibility in Global Management | 0.5 |
| or LGST 6120 | Responsibility in Business | |
| or LGST 6130 | Business, Social Responsibility, and the Environment | |
| Microeconomics | ||
| BEPP 6110 | Microeconomics for Managers: Foundations | 0.5 |
| BEPP 6120 | Microeconomics for Managers: Advanced Applications | 0.5 |
| Management | ||
| MGMT 6100 | Foundations of Teamwork and Leadership | 0.5 |
| MGMT 6110 | Managing Established Enterprises | 1 |
| or MGMT 6120 | Management of Emerging Enterprises | |
| Marketing | ||
| MKTG 6110 | Marketing Management | 0.5 |
| MKTG 6120 | Dynamic Marketing Strategy | 0.5 |
| or MKTG 6130 | Strategic Marketing Simulation | |
| OIDD | ||
| Select one unit of the following: | 0.5-1 | |
| Quality and Productivity | ||
| Business Analytics | ||
| Online Business Models and the Information-Based Firm | ||
| Innovation | ||
| Operations Strategy | ||
| Enabling Technologies | ||
| Managerial Decision Making | ||
| Statistics | ||
| STAT 6130 | Regression Analysis for Business 2 | 1 |
| or STAT 6210 | Accelerated Regression Analysis for Business | |
| Management Communication | ||
| Select one of the following options: | 0.5 | |
| Option 1 | ||
| Management Communication | ||
| Advanced Persuasive Speaking | ||
or WHCP 6150 | Communication Challenges for Entrepreneurs | |
or WHCP 6240 | Persuasive Writing for Business Leaders | |
| Option 2 | ||
| Management Communication | ||
or WHCP 6180 | Entrepreneurial Communication | |
| Total Course Units | 9.5 | |