Sustainability in Finance

Programme 2014 - 2020 INTERREG V-A Finland - Estonia - Latvia - Sweden (Central Baltic)

Date of latest update: 2024-03-26

Description

Description (EN):

The Sustainability in Finance (SuFi) project develops a vocational Sustainability in Finance open online module for vocational education and training (VET) by involving students, teachers and stakeholders in new competence and modular development. The project is needed in order to match employment demand, to enhance competetiveness, work opportunities and mobility, and to enhance new required competences among business graduates in the Central Baltic region. Environmental, social and governance are integral parts of sustainable economic development and finance. According to the Finnish National Agency for Education report (2019), the sustainability principles are by far the most important generic competence for employees in the future. Moreover, Finance Finland, Latvia and Estonia are all commited to the UN sustainable and Baltic Sea Region Strategy goals. The project activities involve, in addition to testing, piloting and developing, a survey of competence needs adressed to the finance sector, and workshops applying the ABC design, in addition to quality activities for the purpose of developing an outstanding online finance module based on sustainable principles. The engagement of students, lecturers, associated partners, stakeholders and project partners takes place both in meetings, workshops and on an ideation e-platform (Stormboard) in a three-phase development process. Testing and piloting of the module take place on Moodle by Latvian, Finnish and Estonian vocational partner institutions. The outcome of SuFi is an open online finance module (15 ects) within business education to meet new competence needs. The module will be rooted in all partner institutions and made available for all, on an open educational platform within the Central Baltic region. SuFi aims at a socially inclusive Central Baltic region by involving stakeholders, students and teachers in sustainability in finance development work with more aligned vocational education as a result.

Achievements (EN):

The Sustainability in Finance (SuFi) created a study programme on Sustainable Finance. The project SuFi created a 15 ECTS study programme on Sustainable Finance. The project resulted an open online education module within business education to meet new competence needs. The module is rooted in partner institutions and made available for all, on an open educational platform (Moodle). To be able to develop a need-based study programme, the project made a survey which mapped the finance service sector professionals’ expectations on future sustainability competence needs among vocational business graduates. The ideation process of the study programme also included views from educational institutions including students. The study programme includes three modules which can be also studied independently. The modules are following: Sustainable development and climate change (5 ects) Sustainable finance (5 ects) Future megatrends and vocational competences (5 ects) The study programme was piloted by four partner institutions: Haaga Helia University of Applied Sciences (FI), Vocational education and training center "Liepajas State Technical school" (LV), Tartu Vocational Education Centre (EE) and Åland University of Applied Sciences (AX). Totally over 400 students took part in piloting. The study programme can be accessed through Haaga-Helia Applied Science moodle platform by logging in as a quest and selecting Sustanable Finance project.

Website: http://centralbaltic.eu/

Expected Results (EN): R4.2. Increased share of aligned vocational education and training (VET) programmes in the Central Baltic region

Expected Outputs (EN):

The project´s main result is an online Sustainability in Finance module (15 ECTS) that will be taken into use by all four vocational institutions, and will be available for all on an open online educational material platform (Moodle). The SuFi module will be tested, piloted and developed jointly by all partner institutions (6). Vocational education and training center "Liepajas State Technical school" will integrate the developed module into following programs of respective level: financial manager, accountant, commercial manager. Tartu VEC will integrade the module in business management specialist. At Åland University of Applied Sciences the module will be integrated into the Study Programme for Business Administration. At Haaga-Helia University of Applied Sciences the Sustainability in Finance module will be integrated into the Degree Program in Business and the Degree Programme in Finance and Economics as part of the Bachelor of Business Administration Programme. Speficic deliverables of activites linked to the programme result indicator is recited: D.T1.1.1 Sustainability in Finance Competence survey. D.T1.3.2 Ideation process plan on Stormboard (N=100). D.T2.1.1 The Study Guide (curriculum) of Sustainability in Finance module (including the criteria for Sustainability in Finance online module (15 ects). D.T2.1.2 Results of survey (future sustainability in finance competence needs) (N=200). D.T2.2.1 Sustainability in Finance online module in Moodle. D.T2.3.1 Analysis of feedback from students and teachers participating in Sustainability in Finance module. D.T2.3.2 Amount of students participating in module. 2 x 10 groups (80 students) from each vocational partner institution (4) will participate in the activities and development work together with 2-3 teachers from each vocational partner institution (4) will participate in the activities and development work together with 2-3 teachers from each institution (at least 12 teachers).

Thematic information

Education and training

Specific Objective: More aligned vocational education and training (VET) programmes in the Central Baltic region

Thematic Objective: (10) investing in education, training and vocational training for skills and lifelong learning by developing education and training infrastructure

Investment Priority: (10 ETC) ETC specific, for cross-border cooperation: investing in education, training and vocational training for skills and lifelong learning by developing and implementing joint education, vocational training and training schemes

Partners (6)

Lead Partner: Haaga-Helia ammattikorkeakoulu

Address: Ratapihantie 13, 520 Helsinki, Finland

Legal status: public

Website: http://www.haaga-helia.fi/en/frontpage

Total budget: EUR 199 609.20

ERDF budget: EUR 149 706.90

Högskolan på Åland

Name: Högskolan på Åland

Address: Neptunigatan 17, 22100 Mariehamn, Finland

Legal status: public

Website: http://www.ha.ax

Total budget: EUR 86 208.60

ERDF budget: EUR 64 656.45

Latvijas Universitāte

Name: Latvijas Universitāte

Department: Faculty of Education, Psychology and Art

Address: Raiņa bulvāris 19, LV -1050 Riga, Latvia

Legal status: public

Website: http://www.lu.lv

Total budget: EUR 49 999.60

ERDF budget: EUR 42 499.66

Profesionālās izglītības kompetences centrs "Liepājas Valsts tehnikums"

Name: Profesionālās izglītības kompetences centrs "Liepājas Valsts tehnikums"

Address: Ventspils 51, LV-3405 Liepāja, Latvia

Legal status: public

Website: http://www.lvt.lv

Total budget: EUR 79 800.00

ERDF budget: EUR 67 830.00

Tartu Ülikool

Name: Tartu Ülikool

Department: Institute of Education, Department of Education

Address: Salme 1a, 50103 Tartu, Estonia

Legal status: public

Website: http://www.ut.ee

Total budget: EUR 43 547.00

ERDF budget: EUR 37 014.95

Tartu Kutsehariduskeskus

Name: Tartu Kutsehariduskeskus

Department: Department of Hospitality and Tourism

Address: Kopli 1, 50115 Tartu, Estonia

Legal status: public

Website: http://www.khk.ee

Total budget: EUR 58 240.00

ERDF budget: EUR 49 504.00

Partners map

Partners and Projects info

Åland University of Applied Sciences

Sustainability in Finance

Partners and Projects info

Latvijas Universitate

Sustainability in Finance

Partners and Projects info

Vocational education and training center "Liepajas State Technical school"

Sustainability in Finance

Partners and Projects info

University of Tartu

Sustainability in Finance

Partners and Projects info

Tartu VEC

Sustainability in Finance

Partners and Projects info

Haaga-Helia University of Applied Sciences

Sustainability in Finance

Lead partner

Project partner

Summary

Project name (EN): Sustainability in Finance

Project acronym: SuFi

Project start date: 2020-03-01

Project end date: 2022-11-30

Project status: closed

Total budget/expenditure: EUR 517 404.40

Total EU funding (amount): EUR 411 211.96

Co-financing sources:

ERDF: Amount, EUR 411 211.96.

Information regarding the data in keep.eu on the programme financing this project

Financing programme

2014 - 2020 INTERREG V-A Finland - Estonia - Latvia - Sweden (Central Baltic)

Last month that data in keep.eu was retrieved from the Programme's website or received from the Programme

2023-11-11

No. of projects in keep.eu / Total no. of projects (% of projects in keep.eu)

137 / 137 (100%)

No. of project partnerships in keep.eu / Total no. of project partnerships (% of project partnerships in keep.eu)

663 / 663 (100%)

Notes on the data

Information provided by the Programme. Achievements were retrieved by Interact from the Programme website (http://centralbaltic.eu/), or a website directly linked from it, on 2021-11-08, 2023-01-12 and 2024-03-08.

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Sustainability in Finance

Description

Thematic information

Partners (6)

Partners map

Summary

Information regarding the data in keep.eu on the programme financing this project

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