20 March, 2023 / News

CFA Society unveils updated climate certificate

By George Angier

Streamlined syllabus will have a greater focus on carbon markets

CFA Society unveils updated climate certificate

The CFA Society has launched an updated version of the Certificate in Climate and Investing (CCI).

The society said the newly streamlined content will cover the latest developments in climate science, climate-related risks, and the evolving policy and regulatory landscape. It will also have a greater focus on carbon markets and insurance products.

The CFA Society added: “This qualification enables investment practitioners to understand the systemic impact of climate on investments and how to integrate climate into all areas of the investment chain.”

Last February it launched the first iteration of the CCI, which covered the implications of climate change on investments. Students completed around 150 hours of self-study within 12 months and went through a 10-part syllabus covering climate science, regulation, policy, corporate reporting and measuring climate-related impacts on investments across different asset classes.

The newly released syllabus applies to candidates sitting CCI from 1 April 2023 to 30 June 2024.

Will Goodhart, chief executive at CFA UK, said: “Clients want to invest in the economies of the future, not the past, and regulators are keen to make sure that climate investment products can do what they say on the tin.

“Investment professionals need to be competent in this field and we’re pleased to offer an increasingly accessible, up-to-date way for them to prove that they have the skills and knowledge that will allow them to play their part in the just transition to net zero”.

See also: – What it’s like to take the CFA Certificate in ESG Investing

Monica Filkova, head of climate and nature investment risk at Aviva, and chair of the CFA UK CCI panel, added: “Graduates of the CCI qualification are now reaping the benefits of having such crucial foundational climate investing knowledge to aid their career progression.

“Mastery of the syllabus will ensure candidates feel empowered to make climate decisions on a topic that is rapidly changing.”

A version of this article first appeared on ESG Clarity sister title Portfolio Adviser.

A part of the Mark Allen Group.