Overview of the Certificate in Climate and Investing syllabus

The Certificate in Climate and Investing syllabus has been developed by the Climate and Investing Panel with a wide range of both academic and practitioner input. It will be refreshed and revised annually to reflect market and regulatory developments.

Exam structure

The Certificate in Climate and Investing is a level 4 examination, meaning it broadly equates to the difficulty level of the first year of an undergraduate degree. We estimate it will take an average candidate in the region of 140 hours to study. The 140 hours includes attendance at any training courses you may be taking.

Question types

The Certificate in Climate and Investing syllabus is assessed by testing candidates on different question types. These include standard multiple choice questions, where the candidate selects one of four options, drag and drop questions, where candidates move one or more possible answers to a target space, gap fill questions, where candidates must enter a value into the answer field and two types of item set questions where candidates are given either a short or long scenario with several questions associated with it.

Where computer based test delivery is used, it is standard practice for ‘pre-test’ questions to be used. These are a small number of the questions in an exam which do not contribute to a candidate’s end result. Pre-test questions are not identified within an exam to ensure that candidate approach these questions in the same was as scored questions. Pre-testing allows the performance of exam questions to be monitored and evaluated in a way that does not disadvantage candidates. Only questions which have been proven to assess in a valid and reliable way are used as scored exam questions. CFA UK candidates can be assured that scored exam questions, which contribute towards your end result, have gone through a thorough and robust process of review and validation.

CFA UK L4 Certificate in Climate and Investing Syllabus Version 2