by Silvia Schmid
Last week’s conference “Building Energy Efficiency: Seeking Strategies that Work” offered the opportunity to discuss the many barriers to advancements in energy efficiency beyond current standards. The event was cohosted by the Wharton Initiative for Global Environmental Leadership (IGEL), the Institute for Urban Research at the University of Pennsylvania, the Wharton Risk Management and Decision Processes Center, and the Wharton Small Business Development Center, in partnership with the Energy Efficient Buildings Hub and sponsored by SAP. Speakers and panelists provided valuable insights on the current status of energy efficiency in buildings, addressing topics ranging from consumption measurement and increased transparency, to some of the psychological challenges inherent in adopting more energy efficient behavior. The common message throughout the day was how much remains to be done to make energy efficiency a mainstream priority.
Posted in energy, energy efficiency, events, IGEL Conferences, reduce, resource use, Sustainability, Wharton, Wharton IGEL
Tagged business, climate change, corporate sustainability, energy, resource use, Spring 2013, sustainability, Wharton
by Matej Hodek, Hyojoo Kim, Douglas Miller (C’12) & Antonia Weitzer
Despite widespread political support for measures promoting investments in energy efficiency in the residential sector, there remains vast, unmet potential. In order to better understand the reasoning behind meager investments in energy efficiency, a study was conducted by four graduate students at Imperial College London – including one former member of the IGEL team – to investigate the role of financial and non-financial factors affecting household decisions to invest in energy efficiency. Continue reading
Thank you to all the speakers and participants of our 2013 Wharton IGEL Conference Workshop! Please make sure to visit the conference page for pictures and speaker presentations. In addition, a Knowledge@Wharton Special Report on the conference will be released soon, so stay tuned!
In the meantime please check out the following blog posts from Oikos Penn students Ruchi Shah and Leah Khaler, who covered our 2013 IGEL Conference:
by Ruchi Shah
Businesses and brands are increasingly obliged to healthy communities and constituents for their bottom-line growth. On March 21, 2013 at the IGEL Conference-Workshop on The Nexus of Energy, Food and Water, Coca- Cola talked about their sustainability goals and accomplishments. Continue reading →
by Leah Khaler
Entrepreneur, activist, and White Dog Café founder, Judy Wicks provided a different perspective at the 2013 IGEL conference at the Wharton School of the University of Pennsylvania. Continue reading →
Posted in business sustainability, IGEL Conferences, resource use, students, Sustainability, Wharton IGEL
Tagged corporate sustainability, environment, IGEL, Spring 2013, students, sustainability, Wharton
by Derek Newberry*
If events like Apple’s Foxconn debacle teach us anything, it is that even reputable companies with strong supplier codes of conduct can face serious compliance issues where regulatory mechanisms are lacking. I reflected on this recently when leafing through the summary report from last year’s Wharton Initiative for Global Environmental Leadership (Wharton IGEL) Conference “Greening the Supply Chain”. While I enjoyed reading about the participants’ experiences in sustainability management, I was struck by the short shrift they paid to the all-important question of compliance, despite acknowledging that when it comes to producing tangible results, this really is the “elephant in the room”.
Indeed, ensuring that suppliers adhere to social and environmental criteria and comply with applicable legislation is a thorny problem in settings where the boundaries of corporate responsibility are unclear and enforcement can be costly and onerous. This is doubly true in production chains characterized by numerous small suppliers and sparse governmental regulations, as is the case in much of the global agricultural sector. How can we create regulatory mechanisms that enable these sustainability programs to look as good in practice as they do on paper? Continue reading
Posted in climate, developing countries, energy, ethics, Nexus of energy-food-water, resource use, students, Uncategorized
Tagged biofuels, climate change, resource use, Spring 2013, students, sustainability
by Samantha Guidon*
Robert Stavins, Albert Pratt Professor of Business and Government, Harvard University. Courtesy of Stephanie Nam/Penn Law.
On February 27, 2013, Harvard University’s Albert Pratt Professor of Business and Government Robert Stavins came to Penn for a presentation entitled “Climate Change, the IPCC, and International Policy Architecture” as a part of the Risk Regulation Seminar Series, an initiative jointly sponsored by the Penn Program on Regulation, the Wharton Risk Management & Decision Processes Center, and the Wharton Initiative for Global Environmental Leadership (Wharton IGEL). Continue reading
Posted in climate, economics, Investing, Risk Management, Sustainability, Wharton IGEL
Tagged climate change, environment, leadership, Spring 2013, sustainability, Wharton
by Silvia Schmid*
To some, the idea of a sustainable paper and packaging company can produce an uncomfortable cognitive dissonance, perhaps conjuring up imagery of clear cutting and Styrofoam. Yet as much as we would like to think, do not print emails and traveling mugs are hardly going to replace the paper and packaging products that consumers want, firms demand, and on which the economy relies every day. Although this doesn’t mean that there is nothing being done. There are plenty of efforts to nudge consumer behavior toward the more sustainable, and, as attendees at a recent lecture at Wharton found out, the paper and packaging industry itself certainly considers issues of sustainability.
The Wharton Initiative for Global Environmental Leadership (Wharton IGEL) invited David Kiser, Ph.D., Vice President, Environment, Health, Safety, and Sustainability at International Paper (IP) and a member of the IGEL Corporate Advisory Board, to speak about the company’s sustainability initiatives. The lecture was cosponsored by the Institute for Environmental Studies at the University of Pennsylvania. Continue reading
Posted in business sustainability, events, forests, resource use, Sustainability, sustainable forestry, water, Wharton IGEL
Tagged corporate sustainability, environment, leadership, Penn, resource use, Spring 2013, sustainability, sustainable supply chain, Wharton
by Sharon Muli*
Water covers 70.9% of the Earth’s surface. However, only 3% of the Earth’s water is freshwater, and 68.7% of this freshwater is in glaciers, 30% is ground water, and 0.3% is surface water. Humans depend on freshwater for a wide variety of uses, and this finite amount of water must be properly managed and allocated.
The chart below shows the uses of freshwater in the U.S. The chart highlights the nexus between water, food, energy –the focus of the upcoming Wharton IGEL Conference on March 20-21, 2013. The two leading uses of freshwater withdrawals in the U.S. are thermoelectric power and irrigation, and any significant change in water use in these sectors will likely have an impact on the other categories.
How do droughts affect our country? As part of a group project for the Wharton course Risk Analysis and Environmental Management, Penn students Sharon Muli, Brent Ginsberg, Zenia Zelechiwsky, and Yaowen Ma are gathering data on how individuals perceive the risk of drought. The focus of this project is to investigate the likelihood of more droughts occurring in the United States in the future and to shed light on their associated impacts.
Please click here to take a survey to help us with our investigation. The survey takes approximately 2-3 minutes to complete. Thank you for your participation.
*Sharon Muli is enrolled in Penn’s Master of Environmental Studies program with a concentration in Environmental Policy. She has a background in Biology, is particularly interested in water issues and corporate sustainability, and currently works as a Product Sustainability Co-op at Johnson & Johnson.
Posted in resource use, student projects, students, water, Wharton IGEL
Tagged IGEL, leadership, resource use, Spring 2013, students, sustainability, water
by Samantha Guidon*
On February 8, 2013, with an imminent Winter Storm Nemo on the horizon, over 250 industry leaders and key players in the water sector came together at Goldman Sachs in New York City to begin the dialogue on addressing water risks throughout the country. Students from the Master of Environmental Studies at the University of Pennsylvania joined the Wharton Initiative for Global Environmental Leadership (Wharton IGEL) team in attending this event to gain key perspectives from leaders in the water sector. Entitled “Water: Emerging Risks and Opportunities Summit,” the conference identified areas in need of improvement and discussed opportunities from various points of view. A welcoming address from David Solomon, Co-Head of the Investment Banking Division at Goldman Sachs, established the overall goals of bringing together capital, technology, and policy in order to determine best management practices within the water sector. Continue reading
Posted in ethics, Investing, reduce, resource use, Risk Management, Venture capital, water, Wharton IGEL
Tagged climate change, conference, environment, leadership, resource use, sustainability, water, water supply
by Marissa Rosen
Collegiate athletics programs can provide experiential learning and engage a broad audience, thus serving as a particularly attractive educational vehicle. Athletic teams and their events can build a school’s community, appeal to donors, strengthen alumni connections, attract prospective students, and generate school pride. They can also send a message of environmental sustainability.
Wharton’s Initiative for Global Environmental Leadership (Wharton IGEL) sponsored last Tuesday’s official kick-off dinner for the University of Pennsylvania’s Athletics Eco-Reps program. Thirteen founding Varsity athletes, along with coaches and supporting staff, have been strategizing since last fall to reduce their teams’ environmental impact, addressing water and energy conservation issues, recycling rates, fan engagement, and responsible sourcing. Penn’s unique program is part of the Ivy League Conference’s collaboration with the Natural Resources Defense Council Green Sports group and the Green Sports Alliance.
Posted in business sustainability, events, reduce, students, Sustainability, sustainability in sports, Wharton IGEL
Tagged corporate sustainability, environment, IGEL, leadership, NRDC, Penn, students, sustainability, Wharton