February 16, 2015
This is the fourth of six questions from a roundtable discussion with the directors of sustainability research centers at six top business schools.
In this complimentary series you’ll discover:
The 6th Annual Alliance for Research on Corporate Sustainability (ARCS) Conference, hosted by the Samuel Curtis Johnson Graduate School of Management at Cornell University, will be held Wed. May 7 - Fri. May 9, 2014. The ARCS Conference brings together scholars from across disciplines, focused on advancing rigorous academic research on corporate sustainability topics. The conference will include a variety of paper presentations, Research Roundtables, and the awarding of the inaugural ARCS Sustainability Scholar Award and ARCS Conference Best Paper Award.
(Click on the two images for zoom)
Sir Richard Lambert, former Director General of the Confederation of British Industry, currently Chancellor of Warwick University and senior independent adviser to Deutsche Bank. He was a Member of the Bank of England’s Monetary Policy Committee, before which he worked at the Financial Times, serving as Editor when the successful US version of the newspaper was launched. He was commissioned by the Government to write the Lambert Review of Business-University Collaboration in 2003.
Research Interests: environmental law and policy, environmental dispute resolution, legislation and statutory interpretation, administrative law, the regulatory state, private environmental governance
Why climate change "needs to be framed as a national security issue.” http://t.co/zvPhTWXutC— Knowledge @ Wharton (@whartonknows) August 21, 2014
... what I suggest in my paper, “The Military Environmental Complex,”...
...“I think what sets my research apart, in part, comes from where I’m situated and what my background is. Most lawyers who decide to become professors go on to teach in law schools, but I chose to come to a business school. Obviously, my research is very connected to the idea of the role that business plays in society. I think what sets my research apart, in part, is the fact that I’m kind of bridging these two worlds and trying to have a conversation, not only with other legal scholars, but also with business and management scholars...
The BC3, Basque Centre for Climate Change, has been ranked second place in the Climate Think Tank Ranking, ahead of 293 public and private organisations working in the field of climate change economics and policy.
BC3 es un centro de investigación multidisciplinar que fue creado en 2008 en el marco del programa BERC del Gobierno Vasco y apoyado por la Universidad del País Vasco, con el objetivo de fomentar la excelencia en la investigación a largo plazo de las causas y consecuencias del cambio climático.
The London School of Economics and Political Science
Samuela Bassi and Dimitri Zenghelis
Centre for Climate Change Economics and Policy
Grantham Research Institute on Climate Change and
However, the case for lowering the ambition of climate change efforts, as a weakening of the Fourth Carbon Budget would imply, is not justified by competitiveness concerns, not least because of the negative impacts this would have on some of the economy’s fastest growing and most promising and innovative sectors. Uncertainty about the future climate policy framework could potentially cost jobs and affect growth, especially in the current macroeconomic environment. (end of paper)
Video with English subtitles:
"While many companies' dedication to social responsibility and sustainability are genuine, consumers should always take "greenwashing" (or "causewashing") into account — that is, when a company markets itself as charitable, only to draw in customers."
Safeguarding this critical zone was the focus of a recent meeting in Beijing, where the National Science Foundation of China met with their counterparts in the US, UK, France and Germany. The aim was to develop an Apollo-scale programme to tackle the resource constraints that threaten to undermine global economic development...
We have 10 years because many solutions will take at least a decade to take effect, and because we have only 20 years before the perfect storm of food, water and energy shortages (Above document) makes landfall.
The first step must be to create a theory. This would literally be a map of all of the processes and interactions that matter for sustaining life, including the flow of energy, nutrients and water in the landscape; competition between animals, plant and humans for these resources; losses in the form of greenhouse gas emissions to the atmosphere; the role of soil in recycling nutrients; and the feedbacks between life and the physical environment including climate regulation and environmental engineering.
With such a map, scientists, businesses and decision-makers from all backgrounds can navigate and talk together. Each can see how their contributions and needs fit with those of others as the picture evolves.
Day1. Here and Now: 100 ways over 100 days to reimagine the MBA as a tool for creating more sustainable leaders… http://t.co/vYU09hOsdx— Giselle Weybrecht (@gweybrecht) June 23, 2014
'If trends continue, we are going to lose lots of species. But the paper is about ways to avoid that'
The world's plant and animal species are going extinct at a rate 1,000 to 10,000 times faster than they did before humans came along. If that continues, we could lose one-third to half of all species by the end of the century. A variety of birds, frogs, fish, mammals — gone.
Those grim statistics come from a big recent study in Science (30th May, 2014), led by Duke University biologist Stuart Pimm. The paper was the most comprehensive attempt yet to calculate a "death rate" for the world's species — an update on work first begun in 1995...
BP: So extinction rates are higher now that humans are around. Why? What are we doing?
If that continues — and continues for many decades — then by the end of the century we are going to lose one-third or one-half of all species. And that kind of loss in biological diversity hasn't been seen in 60 million years...
But what the paper is about mostly, is ways in which we can avoid that. So yes it's bad, but the paper is full of important news about how we can make a difference.
BP: Let's talk about that, then. What are ways to avoid — or at least mitigate — mass extinction.
...SP: Yes, it gives us a practical solution. What my NGO does, Saving Species, is we take our data and identify exactly where we think the most important fragments are. And then we raise money from Brazilian conservation groups to buy up the land between the fragments and reforest it. So we reconnect it — stitching habitat fragments to form much bigger habitats...
...SP: We do have an extraordinary piece of technology for surveying biodiversity — it's called a smartphone...
...SP: I'd say things like the Endangered Species Act and conservation biology have been very successful. Current extinction rates are high, but they'd likely be worse without the work of conservation biologists...
...A good example: Brazil used to be the third largest emitter of greenhouse-gas emissions from burning its forests. But with a bilateral agreement from the Norwegian government, Brazil has massively reduced its deforestation....
...We can map out where species are. We can also figure out where they're not likely to be because we've got increasingly good data on deforestation from Joe Sexton's research group at the University of Maryland...
Brrroooommm https://t.co/Vigi7c28td— Pau Garcia-Milà (@pau) June 14, 2014
en.wikipedia.org/wiki/Tesla_Model_S - It scored a perfect 5.0 NHTSA safety rating
4 Apr 2014
The Tesla Model S is the most important car Top Gear has tested. Let's just throw that out there. A handsome if generic-looking exec hatch, it threatens to do to the traditional car industry what Amazon did for retailing and Apple's iTunes infrastructure did to the music business - utterly rewire it.
The mainstream media loves Tesla's CEO, Elon Musk, a man who is two-parts real-life Tony Stark to one-part Steve Jobs. The guy made a billion from Paypal, has his own space exploration company, and recently proposed the Hyperloop high-speed transportation system. He also used to own a McLaren F1, so rest easy - he ‘gets' cars the way we do. But, rather than build a ridiculous vanity supercar, he decided to apply 21st-century Silicon Valley thinking to a technology model and industry that epitomises the 20th century. Following the slightly tentative Tesla Roadster, the results are game-changing.
Add the Performance Pack, whose higher-capacity inverter boosts torque to 443lb ft and power to the equivalent of 416bhp (probably more, in fact), and you've got an all-electric car with the same step-off and start-line grunt as a Porsche Turbo.
Everything about the Model S is reassuringly familiar and utterly bewildering at the same time. You get in, select D and go. You don't even turn it on. There's no handbrake, no paddleshift and, wind and tyre rush apart, no noise. A tentative squeeze on the accelerator pedal is like dipping your toe in a reservoir of torque, but better to build up to it gradually. Back off and there's a hearty slug of regenerative braking. Pretty soon, you'll only be using the brakes to come to a complete halt in traffic.
...usefully low centre of gravity.
It's not a sports car, though. Yes, it'll warp like a spaceship to 62mph in just over four seconds, and it keeps rolling out great gobbets of torque until you're well past 100mph. Its reduction gearing means that peak power and torque are right on the money, so overtaking is supercar easy, and motorway work utterly seamless. It also handles pretty well, too, despite its two-tonne plus weight (blame those batteries). Fundamentally, it's a languid cruiser, rather than a thriller.
It's also an EV, so inevitably you begin thinking about the available energy and what you're doing with it in a completely different way. Responsibility becomes less of a chore. The 85kWh Model S will deliver a range of up to 265 miles, 220 without requiring you to drive like your family is strapped to the bonnet. It takes 15 hours to fully charge it from a standard 32-amp UK street or supermarket charging point, half that using Tesla's home charging apparatus. (Tesla's ‘Supercharger' stations are being rolled out in Europe and the US). Range anxiety isn't really on the radar....
...The Tesla Model S is incredible...
This isn't the America of old Detroit. The Silicon Valley interloper has changed everything.
Spain is one of the worlds largest oil importers. For €2000 I made my car run on liquid gas. http://t.co/9QuqgKgeEo— Martin Varsavsky (@martinvars) 15 Juin 2014
gyre (Oxford Dictionary) -> (Geography), a circular pattern of currents in an ocean basin: the central North Pacific gyre.
The world’s oceans contain millions of tons of trash, much of it collected into vast gyres of plastic and debris. Even if humanity stopped putting garbage in the water today, researchers project that these garbage patches would continue growing for hundreds of years. One such trash vortex, known as the Great Pacific Garbage Patch (Wikipedia), already spans hundreds of miles.
How do we get all that garbage out? Boyan Slat, a 19-year-old Dutch aeronautical engineering student, is raising $2 million to build an ocean cleanup contraption he designed to passively funnel garbage to specific collection points. Working with a team of over 100 people, he recently released a 528-page feasibility study (PDF) detailing how the complex technology works and grappling with questions of legality, costs, environmental impact, and potential pitfalls...
The U.S. Environmental Protection Agency (EPA) has issued its long-awaited draft regulations on carbon emissions from U.S. power plants, which would require a 30 percent reduction in carbon dioxide emissions from 2005 levels by 2030. Just days before Monday’s announcement, scientists from Harvard and Syracuse universities released a study highlighting the potential health benefits of such changes.
While the federal regulations, to be finalized next year, are aimed at reducing the emission of globe-warming carbon dioxide, since they would decrease pollutants from power plant smokestacks, there is a significant ancillary benefit for human health.
Studies have indicated that air pollutants like sulfur dioxide, nitrogen oxides, mercury, and fine particulate matter that penetrate deeply into the lungs not only harm people with pulmonary conditions such as asthma, they also affect the cardiovascular system and can lead to thousands of premature deaths, along with thousands of days lost from work and school because of illness...
In Q&A, Harvard analysts assess new EPA rules cutting power plant emissions http://t.co/BX0qHPnHH2— Sustainable Harvard (@GreenHarvard)
Barclays this week downgrades the entire electric sector of the U.S. high-grade corporate bond market to underweight, saying it sees long-term challenges to electric utilities from solar energy, and that the electric sector of the bond market isn’t pricing in these challenges right now. It’s a noteworthy downgrade since electric utilities which make up nearly 7.5% of Barclays’ U.S. Corporate Index by market value. From Barclays credit strategy team:
Electric utilities… are seen by many investors as a sturdy and defensive subset of the investment grade universe. Over the next few years, however, we believe that a confluence of declining cost trends in distributed solar photovoltaic (PV) power generation and residential-scale power storage is likely to disrupt the status quo. Based on our analysis, the cost of solar + storage for residential consumers of electricity is already competitive with the price of utility grid power in Hawaii. Of the other major markets, California could follow in 2017, New York and Arizona in 2018, and many other states soon after...
9 Apr 2014
The UK Green Investment Bank (GIB) has today announced that it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI)(www.unpri.org/about-pri/about-pri).
PRI joins over 1,200 signatories, who collectively have around $US35 trillion assets under management.
The UK Green Investment Bank was launched in November 2012. It has £3.8 billion of funding from the UK government. It is the first bank of its kind in the world. It is a "for profit" bank, whose mission is to accelerate the UK's transition to a greener economy, and to create an enduring institution, operating independently of government.
June 2, 2014
Around 60 University of Oxford academics have used an open letter to demand the institution stops investing in fossil fuel companies.
Among the 64 signatories so far are Lord May of Oxford, former chief scientific adviser to the UK government and Gordon Clark, current director of the Oxford Smith School of Enterprise and the Environment.
Henry Shue, professor of politics and international relations at Oxford, and one of the letter’s signatories, said: “We at Oxford like to claim the mantle of intellectual leadership…here is our opportunity to display genuine leadership when it counts.”
“We know about housing bubbles. Now we have a carbon bubble, a bubble of unreal value. It is too risky to own shares in this bubble..."
In an open letter to the university’s vice chancellor, the academics urge the world-renowned institution to join the fight to stop climate change by "ridding its £3.8 billion endowment of investments in fossil fuel companies".
The letter says that Oxford has a “responsibility to show leadership in tackling one of the greatest challenges we as a society currently face”.
The Intergovernmental Panel on Climate Change’s (IPCC) recent report concluded that carbon-intensive energy production was the single biggest contributor to global warming.
Energy companies continue to search for new fossil fuels reserves, despite warnings from the IPCC that 80% of the reserves such companies have already claimed must never be used if dangerous climate tipping points are to be avoided.
Recent analysis by the thinktank Carbon Tracker warned that as much as $1.1 trillion (£650 billion) of investors’ money is currently at risk as a result of this.
The sustainable entrepreneurship network of Spain http://t.co/fOw686Y2SA— Martin Varsavsky (@martinvars) 29 Mai 2014
Harvard has become the first American university to sign on to a United Nations-backed code of responsible investment – in a move to assuage a carbon divestment campaign.
Six months after explicitly rejecting calls to divest from fossil fuels, managers of Harvard's $33bn endowment will now be guided by a set of investment principles taking into account environmental and social factors such as water and human rights, the university announced on Monday.
The new guidelines, set by the Principles of Responsible Investment organisation, do not commit Harvard to selling existing holdings in fossil fuels...
School of Earth and Environment, at The University of Western Australia, which is a member of www.go8.edu.au. The Group of Eight (Go8) is a coalition of leading Australian universities, intensive in research and comprehensive in general and professional education.
Australia’s current policy settings and institutions hold out prospects for doing its fair share - Lord Nicolas Stern (Wikipedia: Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and 2010 Professor of Collège de France. Since 2013, he has been President of the British Academy.)
Reimagining the future of the planet collaborating to tackle the biggest challenge facing us all http://t.co/ijIIYissuH— Richard Branson (@richardbranson) April 3, 2014
Video: Why you need to view a company as 'a community of human beings' http://t.co/xrheOtE7RG— Karl Moore (@profkjmoore) April 2, 2014
Very short video:
Building Out The Electric Vehicle Charging Infrastructure: Greenlots Advocates For Open Standards - Forbes http://t.co/sLYaIlfYPX— Carlos Dominguez (@carlosdominguez) March 15, 2014
Imagine being a Shell customer and only being able to refuel at Shell. What if Shell went bankrupt? Or what if they had only limited penetration in a state you just moved to? What would you do then?
The Alliance is a foundation dedicated to OCPP – Open Charge Point Protocol. The concept originated in the Netherlands, with a consortium of local utilities dealing with proprietary and non-scalable systems. The Dutch eventually mandated that anything put in place had to have an open protocol. This concept evolved in Europe to become the de facto standard (public tenders in the E.U. must be OCPP compliant) and is now the accepted protocol in 50 countries.
Hauser observes that OCPP is having some success in North America as well,
We’ve done a lot in North America to promote OCPP. We’ve had success in states like California, Connecticut, Tennessee, and Texas, and in British Columbia and Ontario, coming out with RFPs and mandating that an open protocol be used...
Just a Drop is an international water aid charity, which was set up in 1998. Fiona Jeffery, the charity’s founder, learnt that just £1 can deliver clean water to a child for up to 10 years. Just a Drop was born, based on the premise that if people can be encouraged to give a little then collectively we can make a huge difference.
+ www.reedelsevier.com/corporateresponsibility/environmental-challenge There is a $50,000 prize for the first place entry and a $25,000 prize for the second place entry. For the second year, a $15,000 WASH Alliance prize will be given for the third place project.
Its TERMSHHEET DAY - what a day. VC's + Family Offices + Induviduals are investing more then ever in my time...... http://t.co/cgUu9qGy80— Morten Lund (@ML) December 2, 2013
Morten Lund, is an entrepreneur from Copenhagen, Denmark who has founded or co-invested in more than 40 high-tech start ups in the last decade, including Skype and LundXY...
We have now worked for 5 years relentlessly – and we have; – helped 10 companies – started 5 companies – raised +150mio$ for these companies – employed +400 people around the world – created real change in e-invoicing and financing for small companies.
Today we are announcing the Capital Aid and Tradeshift partnership. CapitalAid has a backup of €500 million committed on paper - and when this flies we will have a further €3 billion committed to lend to small and medium sized companies. It’s just factoring – they did it in the High Middle Ages when Venice became extremely wealthy through its control of trade. There is absolutely no rocket science involved:
CapitalAID will simply offers to pay invoices for a company on the same day as they send it instead of waiting 30-90 days...
International Workshop on UI Greenmetric 2013
Universitas Indonesia, Depok, November 21st 2013
In this 2013 report, new research by MIT Sloan Management Review and The Boston Consulting Group looks at companies that “walk the talk” in addressing significant sustainability concerns. So-called “Walkers” focus heavily on five fronts: sustainability strategy, business case, measurement, business model innovation and leadership commitment. For them, addressing significant sustainability issues has become a core strategic imperative and a way to mitigate threats and identify new opportunities.
For the past five years, MIT Sloan Management Review and The Boston Consulting Group have collaborated on an annual research project to assess how businesses address their sustainability challenges...
One of the most beautiful awards I've ever gotten. Thank you from my heart, it really touched me!… http://t.co/ouolvaJnZb— Max Oliva (@maxoliva36) November 23, 2013
Equivalent in 2011 prices: €70 bn and nearly €80bn today.
In the world’s largest CEO study on sustainability to date, more than 1,000 top executives from 27 industries across 103 countries assess the past, present and future of sustainable business; discuss a new global architecture to unlock the full potential of business in contributing to global priorities; and reveal how leading companies are adopting innovative strategies to combine impact and value creation.
The UN Global Compact-Accenture CEO Study on Sustainability 2013 (PDF, 59 pages)
Accenture Landing page with video, infographic and social media
Delmas Wins Inaugural Research Impact on Practice Award, 19th September 2013
Demonstrating that Think in the Next affects real-world management issues, Magali Delmas, professor of management at UCLA Anderson and the UCLA Institute of the Environment, and her collaborator, University Paris-Dauphine’s Sanja Pekovic, have won the 2013 inaugural Research Impact on Practice Award. The award, presented by Ontario-based Network for Business Sustainability at Western University’s Ivey Business School and the Organizations and the Natural Environment Division of the Academy of Management, recognizes the researchers’ work on environmental management systems.
It turns out, companies that adopt environmental systems have a 16 percent higher labor productivity rating than firms that don’t.
"Adopting green practices isn't just good for the environment," Delmas told UCLA Newsroom. "It's good for your employees and it's good for your bottom line. Employees in such green firms are more motivated, receive more training, and benefit from better interpersonal relationships. The employees at green companies are therefore more productive than employees in more conventional firms."
The study, based on a survey of 5220 French firms, was published September 10, 2012 in the online version and the February 2013 issue of the Journal of Organizational Behavior.
www.world-entrepreneurship-forum.com (EM Lyon Business School in France)
Its aim: to highlight the significant potential of rural entrepreneurship and promote sustainable development of rural areas.
Today, 47% of the world’s population still live in rural areas but rural exodus has become an important international issue. In 2007, for the first time in the history of mankind, urban populations exceeded those of rural areas, posing serious challenges of which we are all aware.
One way to temper this trend is through the spread of rural entrepreneurship, which is key to sustaining livelihoods in rural areas. By exploring and sharing knowledge on the best entrepreneurial practices and solutions, the Rural World Entrepreneurship Forum seeks to nurture rural innovations with a clear focus on empowering rural areas.
Organized jointly by the World Entrepreneurship Forum and the Environmental Forum of India (EFOI), the 1st Rural World Entrepreneurship Forum was inaugurated by India’s Minister for Agriculture, Hon. Sharadchandraji Pawar, in front of 3,500 people.
The initiator of the Forum, Mrs. Sunetra Pawar, Founder and President of EFOI, presented it as “a platform for entrepreneurs to showcase their ideas, vision and how they will impact the rural entrepreneurial ecosystem in the country”.
The two day in-depth discussion highlighted innovative initiatives likely to create jobs, develop self-reliant rural communities and therefore reinforce the ties between local people and their villages.
Among the innovative companies presented:
“Essentially, understanding a company’s corporate culture is key to understanding its behaviour in relation to its sustainability. Basically the more transparent you are, the more trusted you will be. And it’s clear that the more sustainable you are, the more you will reduce your risk exposure in the market.” – Alberto Andreu, Head of CSR & Reputation for Telefónica
EMG recently caught up with Alberto Andreu, Head of CSR & Reputation for Telefónica, to find out more about his company’s journey…
Telefónica was recently ranked by Newsweek as one of the top 15 green companies in the world, with an excellent rating on transparency. What are the key milestones or pillars that a company has to have in place to be able to excel?
One of the key things to remember about Telefónica is that we began this sustainable journey some 12 years ago. This means we have been thinking, working and taking leadership on these issues for a much longer time than many other players in the market.
What we did at the outset was to identify where the risks which would affect our sustainability and reputation were in the company. This was a very important thing to do. We spent almost a year on this, creating a ‘risk map’ for the entire company: looking at strategy risk, marketing risk, operational risk, human resource risk and others.
In doing this, we realized that those risks that related to corporate reputation and corporate sustainability seemed to fall between a number of different departments. No single department was taking ownership for this risk; and when risk has no owner, you have a problem. This was a key discovery for us in turning around our thinking on sustainability.
The second milestone was defining the company’s sustainability goals, and developing a global plan to communicate these internally. We defined our core pillars of sustainability in a report which became an important communication tool to show the comprehensive internal policy, internal procedure and internal auditing of our CSR activity. This was key to help us gain our reputation on transparency.
The third milestone came in 2006 when the Board of Directors created a committee, run by independent board members, to track and follow everything within the company relating to reputation and corporate sustainability. The fourth milestone was stakeholder engagement. We worked very closely with the CSR committee representatives so that we could continue to understand all the requirements of sustainability in order to further the improvement of our ongoing CSR reporting and policy development.
The fifth milestone came with the international recognition we received for our CSR activity. While we are a Spanish company, we are well aware that we are also a global company with locations across Europe and Latin America. Projects such as The Carbon Disclosure Project and our involvement with the UN Global Compact have been instrumental in our achieving these results.
Finally, in my mind the sixth most significant milestone for Telefónica has been what we are doing in relation to social innovation in business. We started our journey by identifying risk, but now we are trying to create social ecosystems to help the business create more partnerships.
Essentially, understanding a company’s corporate social culture is key to understanding its behaviour in relation to its sustainability. Basically the more transparent you are, the more trusted you will be. And it’s clear that the more sustainable you are, the more you will reduce your risk exposure in the market.
Vision of the IUCN Academy of Environmental Law
To build sustained capacity in legal education and advance conceptual understanding and implementation of environmental law, particularly in developing countries.
The IUCN Academy of Environmental Law is uniquely positioned in building environmental law education capacity and promoting the conceptual development of environmental law.
The Academy recognizes that environmental legal education is a vital contributor to the rule of law and to robust environmental governance essential for sustainable development and can be achieved through:
As countries seek to achieve global environmental sustainability and to increase their capacity for the development and implementation of international and national environmental law, the IUCN Academy can draw on its international resources to help achieve the following:
|The Sustainable Business||The Sustainable Business Workbook|
EFMD is pleased to announce the release of two important publications – a 200-page textbook, The Sustainable Business (2nd edition), and a 30-page accompanying workbook – in partnership with the Center for Industrial Productivity and Sustainability (CIPS), GSE Research, the Product-Life Institute and Greenleaf Publishing.
Recommended for managers, employees, teachers and students, this readable and informative guide explains the importance of waste minimization as a first step toward sustainability. Within its pages, the breadth and depth of long-term profitable business practices are explored with an emphasis on optimizing resources (including labour and markets) and maximizing purchases and investments while eliminating the costs of non-product (waste), unemployment, short-term thinking and environmental degradation.
The bottom line: if you’re looking to gain insight on the future of business, this is it!
“[S]ustainable measures . . . have the happy side-effect of helping to preserve our environment at the same time. This book is one of the most comprehensive and thoughtful guides as to how we might do that.”
Prof Eric Cornuel, Director General and CEO, EFMD
“A great book. Highly recommended . . . there is much to be gained from this guide.”
Zachary Shahn, Earth & Industry
If you would like to order printed copies for your business school or company you can order copies directly from Greenleaf Publishing.