Environmental, Social, and Governance Factors for Business: Social and Governance Factors, BS
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 regarding this Concentration/Major should be directed in the first instance to Sarah Jane McAffrey.
For more information: https://esg.wharton.upenn.edu/students/esg-concentration/
Environmental, Social, and Governance Factors for Business - Social and Governance Factors Track
| Code | Title | Course Units |
|---|---|---|
| Undergraduate students must take a total of four credit units from this overall list of courses, with at least 3 credit units from the list of Social and Governance courses and up to 1 credit unit from overall list of courses approved for the concentration (whether Environmental or Social and Governance): | 4 | |
| Environmental: | ||
| Climate and Financial Markets | ||
| Risk Analysis and Environmental Management | ||
| Environmental & Energy Economics and Policy | ||
| International Business Transactions | ||
| Environmental Management: Law & Policy | ||
| Climate & Environmental Leadership in Action: Building a Sustainable Future (SNF Paideia Program) | ||
| Global Modular Course A | ||
| Thinking with Models: Business Analytics for Energy and Sustainability | ||
| Social and Governance: | ||
| Forensic Analytics | ||
| American Public Policy through an Economic Lens | ||
| ESG and Impact Investing | ||
| Shareholder Activism | ||
| Law of Corporate Management and Finance | ||
| The Law at Work: Employment Law for Managers | ||
| Emerging Economies | ||
| Diversity and the Law | ||
| Law and Policy in International Business | ||
| International Business Ethics | ||
| Human Rights and Globalization | ||
| Markets, Morality & the Future of Capitalism | ||
| Social Impact and Responsibility: Foundations | ||
| Big Data, Big Responsibilities: Toward Accountable Artificial Intelligence | ||
| Other People's Money: The Law, Politics, and History of Financial Institutions | ||
| The Political Environment of the Multinational Firm | ||
| Social Entrepreneurship | ||
| Market Dynamics and Technical Change | ||
| Corporate Goverance, Executive Compsenation and the Board | ||
| Note: 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 | ||
| Other Wharton Requirements | 33 | |
| Total Course Units | 37 | |
Other Wharton Requirements
| Code | Title | Course Units |
|---|---|---|
| First-Year Foundations | ||
| BEPP 1000 | Introductory Economics for Business Students 1 | 1 |
| MATH 1400 | Calculus, Part I | 1 |
| or MATH 1070 | Mathematics of change, Part I | |
| Critical Writing Seminar | 1 | |
WRIT 0020, 0110, or 0120-0990 | ||
| Business Fundamentals | ||
| Leadership Journey | ||
| WH 1010 | Business and You | 0.5 |
| WH 2010 | Business Communication for Impact | 0.5 |
| or WH 2011 | Global Business Communication for Impact | |
| MGMT 3010 | Teamwork and Interpersonal Influence | 0.5 |
| Senior Capstone | One course with attribute WUCP required 2 | 0.5 |
Please visit https://undergrad-inside.wharton.upenn.edu/senior-capstone for more information. | ||
| Fundamentals 3 | ||
| ACCT 1010 | Accounting and Financial Reporting | 1 |
| ACCT 1020 | Strategic Cost Analysis | 1 |
| BEPP 2500 | Managerial Economics (or Honors) | 1 |
| FNCE 1000 | Corporate Finance (or Honors) | 1 |
| FNCE 1010 | Monetary Economics and the Global Economy (or Honors) | 1 |
| LGST 1000 | Ethics and Social Responsibility (or Honors) | 1 |
| or LGST 1010 | Law and Social Values | |
| MGMT 1010 | Introduction To Management | 1 |
| MKTG 1010 | Introduction to Marketing (or Honors) | 1 |
| OIDD 1010 | An Introduction to Operations, Information and Decisions | 1 |
| STAT 1010 | Introductory Business Statistics (or Honors) 4 | 1 |
| or STAT 4300 | Probability | |
| or ESE 3010 | Engineering Probability | |
| STAT 1020 | Introductory Business Statistics (or Honors) | 1 |
| or STAT 4310 | Statistical Inference | |
| or ESE 4020 | Statistics for Data Science | |
| Flex Fundamentals | ||
Global Economy, Business & Society | ||
| One course unit with attribute WUGE required | 1 | |
Technology, Innovation & Analytics | ||
| One course unit with attribute WUTI required | 1 | |
| Liberal Arts & Sciences | 7 | |
Foreign Language Requirement | ||
Two semesters at the beginner level of a language other than English or demonstration of equivalent proficiency required 5 | ||
Humanities | ||
Natural Science, Math & Engineering | ||
Social Science | ||
Flexible Gen Ed | ||
Three course units of approved undergraduate coursework taken outside of Wharton required | ||
Cross-Cultural Perspectives | ||
Three course units with substantial cross-cultural content required 6 | ||
| Business Breadth | ||
| Three upper-level course units from three different Wharton departments outside of the student's concentration required. Please visit https://undergrad-inside.wharton.upenn.edu/business-breadth/ for details. | 3 | |
| Unrestricted Electives | ||
| Five course units required 7 | 5 | |
| Total Course Units | 33 | |
- 1
For students who take ECON 0100 Introduction to Micro Economics and ECON 0200 Introductory Economics: Macro in place of BEPP 1000 Introductory Economics for Business Students: one of these courses can be used to satisfy BEPP 1000 on the degree audit. The second course may be used to fulfill a Liberal Arts & Sciences or Unrestricted Elective requirement.
- 2
Beginning with capstones offered in Fall 2027, all students must complete all business fundamentals as a prerequisite for the senior capstone, in addition to the Leadership Journey courses and any other required prerequisite course(s).
- 3
Course numbers for honors business fundamentals are: BEPP 2508 Managerial Economics, FNCE 1008 Corporate Finance (Honors), FNCE 1018 Monetary Economics and the Global Economy (Honors), LGST 1008 Ethics and Social Responsibility, LGST 1018 Law and Social Values, MKTG 1018 Introduction to Marketing, STAT 1018 Introductory Business Statistics, and STAT 1028 Introductory Business Statistics.
- 4
Dual-degree students majoring in SSE (Systems Science Engineering) and EE (Electrical Engineering) must take ESE 3010 Engineering Probability and ESE 4020 Statistics for Data Science.
- 5
Courses taken at Penn that satisfy the Foreign Language requirement may double-count as Humanities or Flexible Gen Ed.
- 6
Up to one course may be on U.S. cultural diversity. Please see course attribute WUCN for a list of non-U.S. courses and WUCU for a list of U.S. courses. Two CCP course units may double-count as Humanities; Natural Science, Math & Engineering; Social Science; or Flexible Gen Ed.
- 7
Students pursuing a second concentration may apply three course units of concentration courses to Unrestricted Electives.
The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2025 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.