CESGA 5.0 Specimen Exam - Ordinary NMS

European credibility. Global standards. Investment decisions.

CESGA 5.0 Specimen Exam – Ordinary NMS

A full-length simulation of the official CESGA 5.0 certification exam. Select an available session.

SKU: CESG01044013 Category: Tags: , , ,

Description

What your enrolment includes

  • Six months’ access to the online learning platform
  • Recorded e-seminars to study at your own pace
  • Course materials and reference resources
  • 400+ multiple-choice practice questions
  • Specimen examination material
  • One certification examination attempt

The online programme is designed for self-study and does not include individual tutoring.

What you will learn

CESGA helps you move from understanding sustainability issues to assessing their investment implications. You will learn to:

  • Identify material ESG risks and opportunities.
  • Evaluate companies’ governance, business models and responses to sustainability challenges.
  • Translate ESG findings into financial forecasts and valuation.
  • Develop engagement objectives and assess progress.
  • Incorporate ESG considerations into portfolio decisions.
  • Explain your analysis and conclusions to clients, colleagues and other stakeholders.

The curriculum combines European sustainable-finance foundations with international reporting standards and practical investment applications.

ESRS integration is supported by EFRAG. ISSB Standards, including IFRS S1 and IFRS S2, are integrated under licence from the IFRS Foundation.

EFRAG IFRS Sustainability

Investment professionals analysing financial reports and charts

Is CESGA right for you?

CESGA is designed for investment analysts, portfolio managers, asset owners, advisers, banking and risk professionals, and ESG specialists seeking to apply sustainability information in financial decisions.

There are no formal prerequisites for enrolment. The programme includes financial analysis and investment concepts, so your study needs will depend on your previous experience.

All learning materials and the certification examination are in English. A minimum CEFR B2 level is recommended.

Your curriculum

Modules 1–5: Foundations

Explore ESG market developments, regulation, investment strategies, asset classes and sustainability reporting.

Module 6: The investment process

Connect ESG analysis with investment mandates, stewardship, portfolio construction and monitoring.

Modules 7–9: Research and application

Develop qualitative analysis and quantitative valuation skills, then apply them through research, engagement and portfolio-management cases.

Module 10: Regional perspectives

Explore sustainable-finance developments in Asia-Pacific, Africa, Latin America and North America. This complementary module is not examined.

How to earn the CESGA® designation

1. Enrol and plan your examination

Choose your examination session and available delivery option. Check the registration deadline and technical or venue requirements before completing your booking.

2. Study at your own pace

Work through the programme using the recorded e-seminars, course materials and practice questions. Use the specimen examination material to prepare for the assessment.

3. Pass the certification examination

Demonstrate your knowledge and practical application skills to earn the EFFAS Certified ESG Analyst® designation.

Professional studying online with a laptop and course materials

Frequently asked questions

How much time should I allow for study?

We recommend 80–120 hours for candidates with no prior ESG experience. Your preparation time may vary depending on your professional background and familiarity with financial analysis.

How long can I access the course?

Your enrolment includes six months’ access to the online learning platform. A six-month extension is available for €425 excl. VAT.

Do I need an existing qualification to enrol?

No. There are no formal prerequisites or minimum entry requirements.

Is individual tutoring included?

No. The EFFAS Academy online programme is designed for self-study. If you are looking for a tutor-supported option, contact your local EFFAS National Member Society or training partner to ask whether one is available.

Can I take the examination from home?

Yes, through the remotely proctored online option, provided you meet the technical and examination-environment requirements set out in the Online Exam Guide.

What do I receive if I pass?

Successful candidates earn the EFFAS Certified ESG Analyst® designation and join the international community of CESGA certificate holders.

I already hold the CESGA designation. Do I need to enrol again?

No. Your existing CESGA designation remains valid. If you would like to refresh your knowledge, ask us about the separate CESGA 5.0 Refresh option.

Questions before you enrol?

Contact us for help with course access, examination arrangements or registration.

Contact us

Certification exam

Duration: 150 minutes.
Language: English.


Section 1: 20 multiple-choice questions, worth 50% of the total mark.

Section 2: One case study with nine open questions, worth 50%.


Pass requirements: More than 50% overall and at least 30% in each section.

Module 10 and the Portfolio Management case study are not examined. See the Examination Syllabus and Certification document for the full scope and rules.

Fees

Course + certification exam: €1,500 excl. VAT.

Introductory price: €1,300 until 31 December 2026. €1,500 from 1 January 2027.

Standard package: online course (€1,250) + one exam attempt (€250). Initial enrolment includes both.

Six-month extension: €425.
Exam resit: €250.
Resit + extension: €675.

All prices exclude VAT. NMS and partner fees may vary. Some centres charge an additional €100 invigilation fee.

Exam delivery options

Online with remote proctoring: Take the exam on your own computer. Check the technical requirements and examination rules before booking.

Online Exam Guide (PDF)
Online Exam Guide video


Macau centre: Take the online exam at CPTTM using a computer provided at the venue, subject to availability.

Macau Exam Guide

Some EFFAS National Member Societies offer local exam venues. Contact your society for availability and registration.

Plan your examination

Examination date

19 March 2027

25 June 2027

24 September 2027
10 December 2027

Registration deadline

5 February 2027

14 May 2027

13 August 2027
19 November 2027

Delivery options

Online / Macau

Online / Macau

Online / Macau
Online / Macau

Your examination booking is valid for the date and delivery option selected. Requests to change the examination date after the applicable registration deadline require the purchase of a new examination attempt.

Download the CESGA 5.0 brochure

Complete the form below to download the CESGA 5.0 programme overview, curriculum and examination information.







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