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 regarding this Concentration/Major should be directed in the first instance to Sarah Jane McAffrey.


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.

Environmental, Social and Governance Factors Major Requirements
Select 4 course units from the following:4
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
Special Topics in MGMT
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
Theories of Business Enterprise
Big Data, Big Responsibilites: The Law and Ethics of Business Analytics
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
Corporate Diplomacy
Leading Diversity in Organizations
Corporate Governance, Executive Compensation and the Board
Reforming Mass Incarceration and the Role of Business
Social Entrepreneurship
Global Modular Course A
Marketing for Social Impact
Urban Fiscal Policy
In addition, we note the following: 1) In addition to these courses that count for credit toward the BEES Major for MBA students, we encourage but do not require MBA students majoring in BEES to take LGST 613: Business, Social Responsibility, and the Environment (.5 cu). This course does not count toward the 4 required credit units for the major in BEES, but can be taken to fulfill students’ core Legal Studies and Business Ethics requirement. This course focuses on the social and environmental responsibilities of business. 2) 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
Select 5.5 course units of electives5.5
MBA Core Requirements9.5
Total Course Units19

MBA Core Requirements

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)
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 6110Responsibility in Global Management0.5
or LGST 6120 Responsibility in Business
or LGST 6130 Business, Social Responsibility, and the Environment
MGEC 6110Microeconomics for Managers: Foundations0.5
MGEC 6120Microeconomics for Managers: Advanced Applications0.5
MGMT 6100Foundations of Teamwork and Leadership0.5
MGMT 6110Managing Established Enterprises1
or MGMT 6120 Management of Emerging Enterprises
MKTG 6110Marketing Management0.5
MKTG 6120Dynamic Marketing Strategy0.5
or MKTG 6130 Strategic Marketing Simulation
Select one unit of the following:0.5-1
Quality and Productivity
Business Analytics
Online Business Models and the Information-Based Firm
Operations Strategy
Enabling Technologies
Managerial Decision Making
STAT 6130Regression Analysis for Business 21
or STAT 6210 Accelerated Regression Analysis for Business
Management Communication
WHCP 6110Management Communication0.25
Select one of the following:0.25
Advanced Persuasive Speaking
Communication Challenges for Entrepreneurs:
Persuasive Writing for Business Leaders
Total Course Units9.5

Students cannot enroll in both FNCE 6210 and FNCE 6230.


STAT 6210 is by placement only.