Erasmus BIP: "Advanced Statistical Modeling for Sustainable Finance (ASMSF)"

    The Department of Statistics, Athens University of Economics and Business, actively participated in this year’s Blended Intensive Programme (BIP) “Advanced Statistical Modeling for Sustainable Finance (ASMSF)”, with our very own Ioannis Ntzoufras and Dimitris Karlis among the instructors!

    Held September 7–11, 2026, in Naples, at the Università degli Studi di Napoli Federico II, the programme brought together academic partners from Italy, Greece, Germany, the Netherlands, Ireland, Slovakia, and Romania, combining advanced statistical methods, machine learning, and AI to address contemporary challenges in sustainable finance.

    Participants explored topics including:

    • ESG analytics & sustainable finance
    • Spatial statistics and machine learning for climate & ESG risk
    • Latent variable models
    • Dimension reduction & clustering for ESG analysis
    • Machine Learning & AI in sustainable finance
    • Sustainability analytics & carbon footprint estimation in sports
    • Data preprocessing, visualization & interactive dashboards
    • R, Python & Quarto for reproducible analysis

    Program Highlights:

    •  In-person week | Naples, Sept 7–11: Intensive lectures, hands-on laboratory sessions, individual and team work covered climate and ESG risk, latent variable modelling, sustainability analytics, dimension reduction, clustering, and AI applications in finance.
    • Virtual sessions | Aug–Sept: Participants also attended sessions on Hybrid Data Analysis for Sustainability, Data Preprocessing & Applications in Sustainability, and Quarto for Reproducible Documents and Dashboards with R.

    Designed for Master’s and PhD students, the programme was taught in English and awarded 3 ECTS, offering participants the opportunity to develop advanced analytical skills while collaborating with students and academics from across Europe.

    The Athens University of Economics and Business was one of the programme’s partner institutions, contributing expertise in statistical modelling and sustainability analytics.

     AUEB-Stats contributions to the programme:

    • Prof. Ioannis Ntzoufras – September 9: Sustainability Analytics and Carbon Footprint Estimation in Sports
    • Prof. Dimitris Karlis – September 10: Methods for Dimension Reduction and Clustering for ESG Analysis

    More info & course materials:
    https://indico.unina.it/event/116/

     Stay tuned for our Official Press Release!