Article Gold Open Access 2022

A Needs Analysis for Embedding Sustainable Finance Competences into Vocational Business Education in the Baltic Region

Journal of Education Culture and Society
Journal · Vol. 13 · Issue 2 · pp. 185-204
Abstract

fessionals in Finland, Latvia, Estonia, and Aland Islands. In total, 221 responses were obtained. The qualitative and quantitative data analysis was performed using NVivo and SPSS. Results. Qualitative data analysis revealed that the conceptual knowledge of business graduates was the most frequently mentioned category, followed by pro-cedural knowledge. Among the key competencies in sustainability, the most neces-sary was intra-personal competence, followed by inter-personal competence. Quantitative data analysis revealed that the top three sustainable finance competencies in demand within respondents’ organisations were: to understand relevant driving sustainable forces, to think and operate with a long-term perspective, and to com-municate sustainable financial information in a meaningful way. Conclusion. In the Baltic Region’s finance sector, there is a need for a more holi-stic view for understanding the market as part of society as a whole and also the meaning of understanding long-term horizons. The competencies that financial services sector professionals found important for vocational business graduates in future work were used as an input for elaborating vocational business education study courses. © 2021, Pro Scientia Publica Foundation. All rights reserved.

Keywords

Author Keywords

Competencies needs analysis vocational education and training sustainable finance

Index Keywords

Author Affiliations
Department of Teacher Education, Latvijas Universitāte, Riga, Latvia
Haaga-Helia University of Applied Science, Helsinki, Finland
Scientific Institute of Pedagogy, Latvijas Universitāte, Riga, Latvia
Funding & Acknowledgements
Interreg
Grant: CB858
This work was funded by the INTERREG Central Baltic under Grant No CB858 (the project “Sustainability in Finance – SuFi”).
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