
EFFAS Certified ESG Analyst® (CESGA® 4.1)
English
Intermediate, Advanced
150 hours
Certificate Available
EUR 1,500
Course Details
The EFFAS Certified ESG Analyst® (CESGA® 4.1) is the first ESG certification fully aligned with the European Sustainability Reporting Standards (ESRS) and accredited by EFRAG. Designed by practitioners, it equips investment professionals to interpret sustainability information, assess materiality and integrate ESG factors into investment analysis and decision-making with confidence.
What you’ll learn
- How ESG factors affect risk, return and valuation across asset classes
- How to systematise ESG strategies and integrate them into the investment process
- How to apply ESG in both qualitative and quantitative fundamental research
- How to interpret ESG reporting and assess disclosures against ESRS
Programme structure
Ten modules delivered online via the EFFAS Academy:
- Recent developments in ESG integration
- Regulatory environment
- ESG strategies
- Responsible investing across asset classes
- ESG reporting
- ESG integration in the investment process
- ESG integration in fundamental research — qualitative analysis
- ESG integration in fundamental research — quantitative analysis
- Case study — ESG integration in the investment decision & climate change
- ESG regional developments (Asia Pacific, Latin America, North America)
Exam & certification
The certification exam runs for 150 minutes in two parts: 20 multiple-choice questions covering Modules 1–8 (50%) and one practical case study with 9 open questions covering Module 9 (50%). Passing earns the CESGA® designation and the right to use it professionally.
Proven at scale
Danske Bank Asset Management has certified 114 professionals with CESGA — the most of any Nordic asset manager — and extended the programme to more than 100 institutional clients. Read the Danske Bank case study →
Who it’s for
Financial analysts, portfolio managers, ESG consultants, auditors, corporate sustainability officers and investor-relations professionals who want to integrate ESG into financial analysis.
Offered by EFFAS on KnowESG — Europe’s leading certification body for investment professionals.