Weina ZHANG1,2,* and Ruth TAN1
1Department of Finance, NUS Business School
2Sustainable and Green Finance Institute, NUS
Zhang, W., & Tan, R. S. K. (2024). Multi-stakeholder experiential learning for adult learners [Paper presentation]. In Higher Education Conference in Singapore (HECS) 2024, 3 December, National University of Singapore. https://blog.nus.edu.sg/hecs/hecs2024-wzhang-rtan/
SUB-THEME
Opportunities from Engaging Communities
KEYWORDS
Experiential Learning, Interdisciplinary, Multi-stakeholder Pedagogy, Sustainable solutions, Sustainable Development Goals
CATEGORY
Paper Presentation
EXTENDED ABSTRACT
The Masters in Sustainable and Green Finance (SGFIN) at the National University of Singapore (NUS) is an Asia-first Masters degree programme.
In terms of pedagogical contribution, we have adopted the transformative multi-stakeholder educational approach proposed in UNESCO (2020). Figure 1 presents the key stakeholders involved in the programme and the different strategies designed to nurture a new generation of talents in the fast-paced field of sustainable finance. The curriculum has intentionally weaved in various experiential learning components for students to engage with the community and provide practical solutions.
Figure 1. Multi-stakeholder pedagogy for MSGF Programme
Firstly, weekly industry talks featuring various experts exposed our students to the best practices and current trends in the financial and business world. These talks provide students with the latest insights from the industry. They are deliberately curated for students to learn about the multi-faceted challenges in the field of sustainable development.
Secondly, to help students understand the cutting-edge technological and scientific advancements and the interdisciplinary nature of sustainability innovations, we have also invited many renowned NUS professors to deliver their research seminars to our students. The academic speakers came from Faculty of Science, College of Design and Engineering, and the Lee Kuan Yew School of Public Policy, covering a wide range of topics such as renewable energy solutions, nature-based climate solutions, electrical vehicles, urban heat and data analytics, biodiversity, and green hydrogen, and more.
Thirdly, we also organised yearly case competitions for our students to tackle widespread and systematic challenges faced by businesses in the entire country. In the first year, we focused on the new energy transition by the local small and medium enterprises. In the second year, we asked students to conduct interviews with local business people to understand their sustainability journeys. Through the competition, hundreds of students from various disciplines have had close encounters with entrepreneurs and business owners to understand the challenges faced and provide ground-up solutions for the case challenge.
Fourthly, as part of their graduating requirement, students work in teams to consult with industry partners on diverse issues. They were guided by academics from various departments of NUS.
These engagements with the community of guest speakers and industry partners are opportunities for our students to (1) become more conscious of sustainable solutions to real-world challenges, and (2) to be more conscious of concrete ways to achieve the Sustainable Development Goals.
For example, the capstone projects include studies into
- Energy transition (SDG13 Climate Action),
- Investment in renewable energy (SDG7 Affordable and Green Energy),
- Integration of biodiversity risk (SDG14 Life Below Water, SDG15 Life on Land), commercialisation of biofuels (SDG7 Affordable and Green Energy),
- Relationship between corporate diversity and financial performance (SDG5 Gender Equality), reduction of methane emissions (SDG13 Climate Action),
- Green buildings (SDG11 Sustainable Cities and Communities),
- Divestment strategy for coal exposure (SDG13 Climate Action),
- ESG Investing of Family Offices,
- Transition risk factors and physical risk factors (SDG13 Climate Action).
In summary, we have summarised the motivation, rationale, strategies of curriculum design to help adult students acquire experiential learning experiences, and the hard and soft skills needed to thrive in the field of sustainability. We also present the learning outcomes of the students based on the feedback from surveys, learning journals, and job statistics.
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