Submitted by Mary Johnston, WG’18
Mary conducted an interview with Maddie Macks, VP of Academics for the Wharton Graduate Association. Maddie is in charge of Academics as part of Wharton’s Student Government, and is one of the founding members of the Wharton Sustainability Club.
Q: Why is Sustainability an important topic for MBAs?
A: First, resources are finite, and many industries including agribusiness, CPG, manufacturing, and energy rely on these materials for their business. My peers, as future business leaders, will be in positions where they are making supply chain, sourcing and operations decisions and will need to steward these resources to mitigate risk.
Second, while the U.S. federal government is currently trending toward deregulation, this is not the trend globally, as evidenced by The Paris Agreement. Many of my peers will be working in international companies where these regulations will be increasingly relevant.
Further, business decisions can have a big impact on local communities. For example, public health can be heavily impacted by water and air quality, and degradation of local ecosystems can impact livelihoods.
Q: What are other top business schools doing in their Sustainability Curricula?
A: They are ramping up their sustainability presence, offering certificates and more specific coursework. Many are integrating sustainability more into their core curriculum to ensure all students are educated on environmental issues in business. Almost all top business schools have sustainability-focused student clubs to build a community in the space on campus. Stanford, Sloan, Ross, and Yale are a few prime examples of schools that are increasing their presence in the space, and it’s attracting top students.
Q: What does Wharton do well now in terms of Sustainability?
A: Wharton has partnered with IGEL to offer the Environmental & Risk Management Major, which is one of the things that attracted me to Wharton. The Energy Club, Social Impact Club, and Agribusiness Club have sustainability-related programming, and as of this year, we have a group of about thirty students starting the Wharton Sustainable Business Coalition, a new club that will be up and running by Fall 2017. This group of students has also gotten to know each other well during the Energy Club’s clean energy trek to San Francisco as well as several student-run happy hours.
Q: What are the biggest opportunities for Wharton to increase the presence of Sustainability in the curriculum in the short term?
A: There are two things I think Wharton can do in the short term.
First, Wharton could incorporate more Environmental Responsibility content into the Business Ethics core requirement. This would help ensure that every Wharton student gets more exposure to how decision-making can have environmental consequences.
Second, Wharton could proactively ensure all relevant graduate coursework from around Penn related to Sustainable Business topics is cross-listed with Wharton to help facilitate students taking these classes. For example, the School of Earth and Environmental Sciences has several great courses.
Q: And how about the long term?
A: Wharton has an opportunity to continue to develop coursework related to sustainability and look into hiring more faculty who can teach courses and do research in the area. Wharton has such a huge opportunity to influence future business leaders’ decision-making, and making sustainability more present in Wharton’s curriculum would speak volumes to the issue’s importance. For example, the Environmental Risk & Management Major does a great job covering risk management, and I would love to see innovation and the financial implications of environmental choices highlighted more prominently as well. I also think there are opportunities to offer more sustainability courses as part of the Business Economics and Public Policy, Operations, Information, and Decisions, and Management Majors to name a few. Incorporating more of a focus on sustainability, can help Wharton stay on the cutting edge of business trends.