Type and Duration
ERASMUS, September 2023 until February 2026Coordinator
Liechtenstein Business SchoolMain Research
Wealth ManagementDescription
Recognising the challenges ahead, in 2018 the European Commission published its Action Plan for Sustainable Financial Growth, which aims, among other things, to redirect capital flows towards a more sustainable economy. Promoting understanding of sustainable finance can be a key element in achieving this EU Action Plan goal, thereby fostering sustainability transformation in the European Union. In this sense, the importance of sustainable financial literacy, which can enable retail investors to become a driving force in the transformation of the economy, has also been highlighted by the German Government's Council for Sustainable Finance. The motivation behind our project is therefore a response to the general need for sustainable financial education. We believe that the need for sustainable financial education is increasingly important in today's world, and that this particular part of financial literacy is an essential life skill. With the growing awareness of climate change and the need for a more sustainable financial system, there is a need for individuals and institutions to understand and engage with the principles and practices of sustainable finance. The aim of our project is to contribute to this need through the development and implementation of a comprehensive programme focusing on sustainable finance education. Through a research study, an inter-faculty curriculum and a sustainable finance competency assessment, we aim to equip students and faculty with the knowledge and skills necessary to understand and engage with the principles and practices of sustainable finance and to contribute to a more sustainable financial system. We believe that our project is highly relevant and timely. There is an urgent need for greater awareness and understanding of the principles and practices of sustainable finance. The project is aligned with the objectives of the Erasmus+ programme, which aims to promote learning, teaching and skills development and contribute to achieving the United Nations Sustainable Development Goals. Therefore, our project should be promoted because of its potential to have a significant impact at both the local and the global level. We can contribute to building a more sustainable financial system and a more sustainable future for all by promoting knowledge, principles and practices of sustainable finance among students and teachers. In addition, the results of our project can serve as a model for other educational institutions and organizations around the world. They can promote sustainable financial education for years to come. The aim of the project is to measure and improve the understanding and knowledge of sustainable finance, the promotion of sustainable financial literacy and the support of a sustainable financial ecosystem. By conducting a survey, developing a curriculum and introducing an assessment of sustainable financial literacy, we aim to equip people with the necessary skills and knowledge to make informed decisions about sustainable finance.
