Category Archives: Sustainability

The Win-Win-Win of Impact Investing

By: Nathan Sell*

Ask not what your investment dollars can do for you, but ALSO what they can do for others, and the environment. That’s the idea behind Impact Investing, an emerging paradigm shift in philanthropy. This form of socially responsible investing generates both measurable social and environmental impact as well as returns on investment. Mark Tercek, CEO of the Nature Conservancy and former Managing Director at Goldman Sachs is at the forefront of linking business and the environment for a better world as he discusses in his recent book “Nature’s Fortune.” Tercek, and the new wave of impact investors are proving that your investments can make money AND do good.

Impact investing in the environment is quickly coming to scale as the value of ecosystem services to clean air and water, armor shorelines, as well as climate change mitigation and adaptation is being realized. Cities like Philadelphia are leading the way in green infrastructure investment. Over the next 25 years, Green Stormwater Infrastructure will help the city to combat the extreme weather patterns as well as prevent Combined Sewer Overflows resulting in greener cities and cleaner waters for which the initiative is named.

Novo Nordisk entered China in 1994 and immediately noticed that a diet high in starch was leading to diabetes in a large portion of the population. Combined with rapid pathogen spread due to urbanization, the health of the people in China was (and continues to be) at risk. Novo Nordisk put their efforts toward alleviating some of these health concerns. By training doctors in diabetes care and prevention, the company has helped to save over 140,000 life years. The shared value of impact investment ensures companies like Novo Nordisk remain profitable while helping the communities in which they work.

Impact investing also has the potential to bring promising technologies to scale. Without investment, it’s possible that companies like d.light may never have gotten off the ground. With the help of investment, this for-profit social enterprise has been able to sell affordable solar lamps to those without reliable power. The result? D.light is bringing safe, bright and renewable lighting to people around the world, allowing students to do their homework, families to cook, and an overall better quality of life to over 34 million people.

Impact investing may prove better for people and the planet than charitable giving. Investing in businesses that do good by people and the planet can ensure the success of their mission, allowing for long term solutions, rather than a potential band-aid in the form of a grant or gift. If your investment could benefit the triple bottom line, rather than just YOUR bottom line then you’ve found the rare win-win-win scenario. The next time you invest, think strategically about what your money can really do.

*Nathan is a recent graduate of the Master of Environmental Studies program at the University of Pennsylvania and a current ORISE Fellow with EPA Water.

3rd Plasticity Forum comes to NYC June 24th

plasticity_high_newNY small PNG

By: Nathan Sell*

The 3rd Plasticity Forum kicks off next week on June 24th in New York City.  Originally launched in Rio at the Earth Summit, and last year in Hong Kong, New York is an opportune location for Plasticity’s first US forum, given the innovative work America’s biggest city has been undertaking.  Many may wonder, what is Plasticity, and why should I care?  To begin, consider this: how long could you go without using or wearing an item made of, or containing plastic? A day? An hour? A minute?  Plastic is cheap, versatile and convenient.  Because of this we view many plastic products as “disposable,” but even if their functional life is a short, like a stir straw or a soda bottle, their actual lifetime is decades or centuries. Despite our best intentions, only 10% of the plastic we use is recycled, much is landfilled, and still a great deal ends up as pollution, often in the “great pacific garbage vortex” where ocean currents move much of our plastic waste debris.  This debris is confused for food by many marine animals from birds to fish and turtles, and wreaks havoc on delicate ecosystems.

We should remind ourselves that plastics are made from a non-renewable resource which takes a great deal of energy to extract, refine, mold, and transport.  This begs the question, why would we throw this stuff out?  When we take this into consideration it becomes clear that there’s a great opportunity in changing the way that we use and reuse plastics.  We need to take a look at plastics from their formation (cradle) to their disposal (grave).  Better design (sometimes referred to as “design for the environment”) can make plastic products more easily recycled, diverting waste where it can be used as a raw material again (cradle to cradle). Reducing the amount of plastics in products, light-weighting and biodegradability are all solutions that need to be brought to scale in the plastics industry.  Technologies exist that can turn plastics into fuel (low-sulphur diesel fuel, giving an air pollution improvement along the way), making plastic waste a desirable system input.  These technologies should be considered prime investment opportunities.

Plasticity Forum will bring together leaders in industry including Nike and Dell together with leading advocates of responsible product use/reuse such as Interface and the Cradle to Cradle Products Innovation Institute.  Altogether, the forum will be the most influential dialogue on plastic pollution, design, reuse and innovation, all of which need to scale for us to bring out the opportunities that these issues represent.  Make sure to register and be part of this important conversation.

www.plasticityforum.com

View the Plasticity Forum Trailer Here

 * Nathan Sell is a recent graduate of the Masters of Environmental Studies program at the University of Pennsylvania and is the current IGEL Coordinator.

Investing in a Secure Water Infrastructure

By: Nathan Sell

The American Society of Civil Engineers’ (ASCE) 2013 report card gives America’s drinking water infrastructure a D. For those of us who’ve fretted over GPA points for much of our lives, a D is the source of nightmares and leaves us knocking on our professor’s office door begging for an explanation. The reason we find, is that we’ve hidden our precious water infrastructure out of sight where its degradation can be easily ignored. The result? More than $1 trillion needs to be invested in our failing system over the next 25 years.

Our water systems have been historically underfunded, mostly because they require a vision that extends past most terms in office. These infrastructure projects are rarely seen or understood and do not gain many votes, yet as we go about our morning routines, the thought never crosses our mind as to whether or not water will come out of the faucet as we prepare to brush our teeth or brew coffee.

Currently, most municipalities only invest in water infrastructure when it needs to be repaired. Rather than maintenance, we rely only upon “Band-Aids” to keep our systems going. With approximately 240,000 water main breaks per year, we’re fighting a losing battle. Our ancient water infrastructure still contains pipes laid over a hundred years ago, some even constructed from wood or clay. Losing water from treatment facilities to the home represents 16% of our nation’s daily water use, wasting 2.1 trillion gallons a year. This represents not only water loss, but the energy and costs associated with treating this water, only to be wasted. In no other industry is this type of loss acceptable. As we begin to address water scarcity, energy use and climate change on a national level, it is clear that it is time to re-examine how we maintain our water infrastructure.

Rather than wallowing in our seemingly insurmountable water infrastructure woes, companies like United Water are finding the opportunities that are available in rehabilitating these systems and finding the rare win-win-win scenario. At the recent IGEL/United Water conference, “Investing in America’s Public Water Systems: Making Private-Public Partnerships Work” James Kennedy, the former governor of Rahway spoke to the benefits a Public-Private Partnership can generate, not only rehabilitating infrastructure but promoting the town’s growth through infrastructure investment. By bringing in private equity to invest in water infrastructure through PPP’s, debt can be repaid, and a safer, more efficient water system designed for future needs can prevent the reactionary maintenance ethic of the past.

Public-Private Partnerships are not the only way to invest $1 trillion into our water infrastructure but they are quickly proving their worth. The foresight involved in the long-term planning as well as investment of private capital make these partnerships beneficial to the municipalities in which they work, the people they serve as well as the investors who can see the value in this much needed resource. By valuing the resource many consider a human right, we can ensure the longevity of America’s public water systems.

The Malaysian Airlines Flight Disappearance and the Future Epic Battle between Data for Good and Evil

By Gary Survis*

It was only a matter of minutes after the discovery of the missing Malaysian Airlines flight MH370 that questions began to be asked about the data.  How could a Boeing 777 jet airliner disappear without a digital trace?  What about the data the airplane collected?  What about the tracking data?  The transponders?  How about the satellite “pings”?  What can  the cell phones’ GPS’s tell us?  It was assumed that the quickest path to answering questions about the mysterious flight disappearance was to decipher the big data digital stream that the plane must have created.  One response was a “crowd sourced” effort to use big data to locate the plane.  People believed that in this age of data omnipresence that leveraging data to solve the mystery was the obvious next step.  Some of the same people who feared the NSA’s intrusions and monitoring, were hoping that data held the answer to this enigmatic puzzle.

Malaysian flight 2

But, as the story began to unfold, it became apparent that whoever was perpetrating this “deliberate” act also understood the power of data.  The slow discovery that the transponder and ACARS system (used to transmit maintenance data to the ground) were “turned off” showed a high level of sophistication and knowledge of the data a modern jet creates.  In fact, during a typical 6 hour flight, an airplane will create between 250 and 500 Megabytes of data.  Those responsible for taking action on this flight understood data, how it might be used to locate the plane, and the need to control it.

And so it seems that we are embarking on a journey to a new era where there will be an epic battle between those that will use data for good and those that will seek to control it for evil purposes.  Today, when we talk of big data, we recognize that we are only in the early stages of this transformation.  The internet of things promises even more data in the future from a multitude of industrial devices and sensors.  Who controls this data and for what purpose will be one of the defining discussions of our age.

starwars

One area where there is hope for data being leveraged for good is in the area of sustainability.  We face many seemingly intractable challenges to our future including feeding our population, evolving to respond to the reality of global climate change, and managing our finite resources in the face of unrestrained development and growth.  The list of projects where big data is being used to attack these issues is encouraging.  Space Time Insight is using geospatial visualization to help utilities deliver the smart grid and integrate more renewables into their mix.  Google and the University of Maryland are partnering to develop satellite driven high resolution interactive maps that can track deforestation due to fire, logging, and other sources.  Companies like Monsanto and DuPont are developing “prescriptive planting” technologies that gather and then feedback data to farmers on everything from planting depth, distance and farm machinery productivity.

And these are but a few of the many very promising uses of big data in sustainability.  On March 27th, the Wharton School’s Initiative for Environmental Leadership (IGEL) will be hosting a conference to examine this topic entitled Sustainability in the Age of Big Data.  Companies such as Shell, SAP, IBM, Dow, and others will be grappling with both the power and promise of big data in the sustainability space.  The hope is that business will begin to harness the immense potential of big data to be used for good and begin to solve some of our society’s most pressing problems.

It is still early days in defining how we will use all of this data that we will be creating in virtually every aspect of our lives.  At Syncsort, where I work, we are helping the Fortune 100 begin to discover how to employ this data in transforming their business.  I remain optimistic that good will prevail over evil.  But, I am also realistic.  With open source technologies like Hadoop, massive open data projects, and increasingly inexpensive computing technology, it has never been easier for those that wish to use data for evil to have sophisticated tools previously available only to governments and the largest commercial enterprises. As with the Malaysian Airlines flight disappearance, people want data to be used for good, but it can also play a more sinister role.  Let us hope that we truly understand data’s power and that good prevails over evil in this epic battle for the future of big data.

*Gary Survis is Chief Marketing Officer, Syncsort Data Integration, leading Syncsort’s global Big Data integration marketing team. Gary is a seasoned marketing executive with experience combining traditional and digital marketing tools to provide practical solutions to today’s marketing challenges. He is also currently a Lecturer at Wharton and a Senior Fellow at Wharton’s Initiative for Global Environmental Leadership. 

Big Data’s Influence on Sustainability

By Nathan Sell*

Our world is inundated with data collection, from location services to demographic information enormous volumes of data are generated with each passing moment, so much so that 90% of the existing data has been generated in only the past two years.  This data can provide enormous opportunities in marketing, allowing companies to target an ideal customer, resulting in eerily relevant ads on social media or in targeted emails.  “Big Data” doesn’t stop here, it has a multitude of uses and one of its most important may be the impact Big Data can have on Environmental Sustainability.

Ultimately, Big Data’s influence on sustainability comes down to the notion that you can’t manage what you don’t measure.  Through a plethora of metrics that have arisen by which we can now measure the environmental burden of a company’s operations or supply chain, we can also model how changes can have an enormous impact.  Early movers in the use of Big Data as a sustainability tool have seen enormous cost savings, and reduced impact, both to their operations, supply chain, as well as product use and disposal.  Big Data allows for modelling and scenarios that can alter mindsets, showing the possibilities in both monetary savings as well as reduced environmental impact.

By streamlining deliveries, UPS has saved millions of gallons of gas, and approximately $50million in fuel costs.  Ford has reduced the weight of their popular F-150 for their 2015 model by 700 lbs by using aluminum alloy technology.  This change could have a greater impact on overall fuel economy amongst Ford vehicles on the road than their electric vehicles due to the truck’s popularity.  Big Data alone will not solve our sustainability issues, but coupled with innovation, like Nike’s waterless dyeing technologies, or waste reducing manufacturing techniques, Big Data can fuel a more sustainable economy by allowing for the educated decisions that bring about more sustainable products, and redefine our notion of “premium.”

Big Data, has allowed for enormous benefits to be had by some of the largest companies out there.  We must, however be cautious with our use of Big Data.  Despite much of the anonymity associated with it, this data is frequently much less anonymous than one might think.  We also should consider what companies are doing with their own big data.  Exposing an unseen environmental burden could be bad PR, but withholding it from shareholders could end in scandal.  Educated consumers must demand transparency from companies we invest in and purchase from.  Corporate Responsibility Reporting (CSR) and the Carbon Disclosure Project (CDP) are driving this transparency which in turn has led to great changes in the behavior of business.  The advent of Big Data has only just begun.  As supply chains and product use become better documented, it is clear that sustainability is only just beginning to get the attention it deserves.  On March 26th and 27th, the Initiative for Global Environmental Leadership (IGEL) will host “Sustainability in the Age of Big Data” where companies leading the sustainability movement will share insight into their use of Big Data, undoubtedly leading others to think about what Sustainability and Big Data can do for them.

*Nathan Sell is currently the Graduate Intern at Wharton IGEL and a second-year Masters of Environmental Studies Candidate at the University of Pennsylvania’s School of Arts and Sciences. 

Sustainability in Healthcare

JJ_Conf_Header

By Sharon Muli*

In the United States, healthcare facilities are estimated to be responsible for generating over 5.9 million tons of waste annually and for producing 8% of the carbon footprint.  The buildings themselves that are used in health care, the products used by physicians, and the energy consumed to operate the buildings and medical devices all contribute to the environmental impacts of the healthcare industry. The healthcare industry produces many negative environmental impacts, but this creates many opportunities for positive change. Continue reading

Penn Sustainability Review Looking for Submissions

About PSR:

Penn Sustainability Review (PSR) is the only sustainability-focused publication at Penn. We are completely student-run, with online and print platforms featuring sustainability-related opinion editorials, leadership interviews, and academic papers across a wide range of disciplines. Since our inception in Fall 2011, we have aimed to provide a platform to exchange knowledge, ideas, and perspectives on wide-ranging sustainability issues, with the generous support of the Penn Green Fund Grant and under the guidance of the Earth and Environmental Science Department. We are now also a proud member of the Student Sustainability Association at Penn. If you want to know more about us or learn how to become a part of PSR, please email us at join.psr@gmail.com.

Look out for our next publication at the end of November! Continue reading

PennSustains Competition Gives Over $7,000 in Prizes in its Inaugural Year

*By PennSustains

IMG_7963-001PennSustains participants

Philadelphia, PA – PennSustains, the University of Pennsylvania’s first sustainability solution competition, hosted its inaugural event on October 19, 2013. The contest came together in just six months through the efforts of members from the Society of Women Engineers, Engineers without Borders, SEAS Green, and Penn International Sustainability Association. Benefactor Andy Rachleff, an alumnus and chairman of the SEAS Board of Overseers, challenged Penn students to devise something that celebrated “the joy of building things” and the fun of engineering. Wharton’s Initiative for Global Environmental Leadership (Wharton IGEL) and Conestoga Bank also generously sponsored the competition. Continue reading

Greening in Sports, a Game Changer

Drexel student Danny Ricciardi wrote “Greening in Sports, a Game Changer” for Buzz On Broad. Read the full article here.

We live in a world where a change is needed, because a change is coming. The environment is not what it used to be, and the things we live on are the reason why. Before you read this please know that this is not a lecture on climate change or how you should recycle. Although you should recycle, this is a bigger movement.

The Natural Resources Defense Council (NRDC) is a nonprofit environmental organization that since 1970, have worked to protect the world’s natural resources. The organization was created to protect public health, the environment and the world’s natural resources. The NRDC has more than 1.3 million members, and that number continues to grow.

Continue reading on Buzz On Broad’s website

World Water Week: Competitors Must Collaborate on Water Risk Management

Penn Student Sara Drexler wrote “World Water Week: Competitors Must Collaborate on Water Risk Management” for Triple Pundit. Read the full article here.

World Water Week is well underway, and as thousands of experts, decision-makers and professionals descend on Stockholm to collaborate on pressing global water issues, the private sector plays a larger role in the conversation than ever. More than 24 sessions dedicated to business show that the week’s theme of collaboration and partnerships can apply to profit-driven enterprises.

As Coca-Cola, Unilever, SABMiller, H&M and Borealis, among others, gathered on Monday afternoon to discuss Taking Collaboration to the Next Level with a packed audience, one message stood out: the business case has been made, it’s time to work with competitors to drive real change that has real positive impacts on the bottom line. Continue reading on Triple Pundit’s website