Sustainable Investment Analysis

This project aims to explore and analyse new ways in which this can be redressed, be this through a change in the basic formula, smart inclusion of monetised cash flows and / or a change in the use of interest rates.  The project ambition is therefore to develop and evaluate alternatives to the DCF method and the comparative significance of these alternatives towards making more sustainable investment decisions.

Start date
30 September 2019
Duration
3 years
Application deadline
Funding information

A generous stipend of £18,000 per annum and an additional £500 p.a. allowance for attendance at conferences etc. Full-time tuition fees (£4,327) will be covered at the current Home/EU rate for the duration of the programme.

Funding source
Aviva Insurance
Supervised by

About

Evaluating the profitability of an investment is at the heart of any investment decision, with the most popular method being Discounted Cash Flow, DCF. This method uses present values of future cash flows to identify the most profitable investment, but in doing so, systematically ignores long-term as well as non-financial impacts. As a result, more sustainable projects of equal profitability to others are discriminated against.

This project aims to explore and analyse new ways in which this can be redressed, be this through a change in the basic formula, smart inclusion of monetised cash flows and / or a change in the use of interest rates. The project ambition is therefore to develop and evaluate alternatives to the DCF method and the comparative significance of these alternatives towards making more sustainable investment decisions.

This may include re-evaluating past investment decisions, using simulation, develop case studies as well as the conduct of relevant interviews with key stakeholders in the Financial Services Industry, though probably not all of this.

The project will thus offer some answers towards:

  • Does the inclusion of social and environmental impacts in investment analysis make a difference to the choice of investments?
  • Are the alternatives offered better or worse than the existing practice in (a) making economically sound decisions, (b) manage the sustainability impact of investment to be better understood.
  • What is the potential acceptability of the new tool(s) amongst investment analysts?
Related links
Practitioner Doctorate in Sustainability PhD / EngD Centre for Environment and Sustainability

Eligibility criteria

Applications open to UK and EU students only.

Essential

  • A first / 2:1 degree in Accounting & Finance, Economics, Business & Management, Information Science, Data Analysis, Statistics or other relevant subject(s) / equivalent overseas qualification, or a lower second plus a good Masters degree (distinction normally required)
  • Interest and understanding of the investment sector and insurance
  • Knowledge of investment and economic dimensions of mainstream business
  • Interest in implications of sustainability for organisational decision-making.
  • Excellent written and verbal communication skills essential
  • Self-directed and motivated worker, results driven
  • Specific training / expertise are not required
  • IELTS Academic: 6.5 or above (or equivalent) with 6.0 in each individual component.

Desirable

  • Awareness of innovation process in industry with at least 2 years work experience
  • Appreciation of Sustainable Finance
  • Practical knowledge of Life-cycle thinking and Investment Appraisal methods
  • An appreciation of the Sustainable Development Goals (SDGs).

How to apply

To apply for this project, please initially contact Mrs Deidre Richardson pds@surrey.ac.uk  for an information pack that will include:

  • A Project Brief;
  • Information about the Centre for Environment and Sustainability;
  • Details of the Practitioner Doctorate in Sustainability programme.

Applications are submitted via the online form

Degree certificates and transcripts required; up to date cv; two academic references (or one Academic and one Industry reference) are required; cover letter including why this project is of interest and how your experience and interests make you a suitable candidate based on the specification provided (essential).

Deadline for application to be Monday 26th August.

Shortlisting to commence and invitation to interview to be sent out Thursday 28th August

Interviews to take place week beginning 2nd September 2019

Practitioner Doctorate in Sustainability PHD/EngD


Application deadline

Contact details

For all enquiries, please contact:

Mrs Deidre Richardson pds@surrey.ac.uk01483 68 9076

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