Category Archives: business sustainability

An Interview with Maddie Macks, VP of Academics for the Wharton Graduate Association

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.

Simple Solution, Big Impact: #UsedCups

Submitted by IGEL Corporate Advisory Board Member Rubicon Global

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As Earth Day approaches on April 22, multinational corporations, governments, nonprofits and NGOs – as well as the United Nations’ Sustainable Development Goals – continue working fast and furiously to tackle monumental challenges. It’s clear we must establish a more circular economy for the long term well-being of not only the plant, but also business and even society as a whole.

There are big challenges ahead, and in many ways Earth Day serves as a reminder of this. But what can one individual, one organization, even one country do to make a dent in these monumental challenges? At Rubicon, we’ve learned that in order to really make a difference we need to start by doing something manageable and specific. For us, it’s keeping waste out of landfills.

Did you know reuse and recycling is currently the top action society can do today to simultaneously improve the environment, the economy, sustainable manufacturing and to prevent waste from going into oceans?

We know that Americans throw away 25 billion Styrofoam coffee cups and 58 billion paper cups annually. These cups are not recycled, most are not recyclable, and yet we keep using them over and over because many aren’t aware of the environmental impact.

What if this year in honor of Earth Day we keep it simple and simply remember to save #UsedCups?

Think about what you drink out of every day, at home, at work and on the go. Do you opt for the reusable coffee mug or a single-use disposable cup? If you must choose single-use, do you recycle or compost it afterward? These are questions very few people think about on a daily basis, but if people did, they could have a profound positive impact on the environment.

So help us change this bad habit that we’ve developed as a society. We invite you to join us in raising awareness about cup-use and get others to do the same this Earth Day.

Post about your beautiful reusable cups on Instagram, Twitter or Facebook with #UsedCups between now and April 19th and be entered to win two 3-day passes to Sweetwater 420 Fest in Atlanta or an Apple Watch Series 2.

Every reusable beverage container counts. Reusable water bottles, ceramic coffee mugs, perhaps even a sippy cup. Every cup reused or recycled is one less cup in the landfill, so go ahead, show us your #UsedCups!

 

Learn more about the #UsedCups campaign, and follow Rubicon on Instagram, Twitter and Facebook.

Interviews: Paving the Way Towards a Future of Sustainability in Business Education

By: Elena Rohner, Graduate IGEL Coordinator.  April 12th, 2017

Solutions for improving sustainability in business education often center on creating integrated, cross-disciplinary courses or concentrations; yet this requires a large investment of time and resources. It can take at least a semester to put together the syllabus, materials and teaching tools for a new course, not to mention the time dedicated to overcoming administrative bureaucracy. Therefore, one of the best solutions that business schools can employ to better prepare students for roles in sustainability is: get them talking to professionals!

I recently interviewed two leaders in sustainability for a final assignment in a course called Leading Change for Sustainability (ENVS 682) taught by Penn alum and Sustrana Sr. Associate, Kim Quick and Penn’s Sustainability Director, Dan Garofalo. One interviewee was Todd Hoff, VP of Marketing and Customer Solutions at CHEP North America. Hoff reiterated, in a more nuanced manner, strategies and take-aways commonly touted in the sustainability world. He also shared stories of achievements and challenges, highlighting the seemingly basic pathways and pitfalls of sustainability that continue to pervade industry and create unsolved barriers to sustainability.

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Here are some of my take-aways from our conversation:

  • People don’t know what sustainability is…
    • Sustainability remains an enigma—a concept widely misunderstood with a different definition according to pretty much anyone you ask. Many business executives define sustainability as a strategic force in leadership where an organization makes impactful choices that preserve economic and environmental resources.
    • Hoff shared that sustainability should not be understood as something separate from the business activities. Business can make a difference through business itself, and as a result sustainability should be embedded in the decision-making and the core operations of the company. Hoff also finds peoples’ confusion about sustainability to be the most challenging aspect of working as a sustainability proponent. He highlights the example of employees confusing a sustainability initiative with office supply recycling. And, while recycling is one facet of “sustainability,” it is only that. A single and siloed leverage point. People fail to understand the need for a multifaceted approach to sustainability. As an example, Todd shared his experience at Brambles, the parent company of CHEP, where they have a multi-faceted sustainability strategy including Better Planet, Better Business, and Better Community. http://www.brambles.com/sustainability
  • Having a growth mindset is key:
    • A lot of class time in ENVS 682 is spent identifying and leveraging strengths and mindset. Hoff, whose team just took the Gallup Strength Finder questionnaire, said his results were: relator, learner, arranger, achiever, and includer. Hoff also highlighted his growth mindset when it comes to work—he is motivated by the work itself and the constant growth and learning involved in his role. It is clear that a successful sustainability, or any business, leader has a growth mindset, strong communication skills, and a talent for seeing and making connections.
  • Adam Grant got it right.
    • In class we saw Adam Grant’s quote, “The stories we tell ourselves shape what we do. If you believe people are fundamentally selfish, you will act in ways that make it true.” This stuck with me, so I asked Hoff what he thought about the quote and whether it held relevance for his work. He agreed with Grant and without me bringing up the concept of positive psychology, Hoff gave a great example of how he lives by this concept every day. Hoff noted his learner strength and that he tries to always stay positive in his learning approach. He said that “it’s all related”—that is, successfully managing a large diverse team and achieving the results he wants to see.
  • Surprise! Money plays a critical role:
    • Hoff highlighted how financials are always a motivating factor in any sustainability conversation. He spoke about the “business sense” argument as an invaluable strategy when working with people who are not on board with a sustainability initiative. In other words, he makes sure to include the environmental benefits of the service or product, but what truly seals the deal is conveying how a client can also make or save money. His strategy is to sell the “Win-Win” concept. In this sense, money is the problem solver—it creates a common ground, a business language that everyone speaks and understands. And many, myself included, agree with this idea.

As I hope was conveyed above, interviews and coffee chats are an incredibly rewarding experience for students in any field. From the student and professional’s perspective, the benefits of an interview are a win-win, including:

  • Students learn insider tips
  • Professionals share anecdotes that highlight key, industry-specific take-aways
  • Both parties build their network

And, the best part about interviews is the minimal infrastructure and planning required—all you need is a phone and 20-30 minutes of someone’s day.

 

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Exclusive Offer for Sustainable Brands CSR Conference

Submitted by Karina Newman, Community Engagement Coordinator, Sustainable Brands

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Exposure to New Ideas that Drive Change

Sustainable Brands® is the largest peer community of global brand leaders committed to driving value through sustainability-led innovation. Gain insight from global thought leaders who are conducting ground-breaking research and analysis on how businesses can position themselves for success against the backdrop of changing societal needs.

300+ Speakers, 100+ Sessions, 2K+ Attendees Igniting Conversation

SB’17 Detroit will bring a diversity of collaborators and many of the world’s largest global brands together to explore innovative solutions to the world’s most pressing issues. The newly released full program includes deep-dive workshops, inspiring plenaries, insightful breakouts, SB-style spirited networking events, and many NEW surprises, including:

  • New research results from Harris Insights & Analytics, Eco-America, World Resources Institute, Unilever and more.
  • New case studies from innovators at companies ranging from Ford, Apple, Google, and Procter & Gamble, to Chobani, Kellogg, Levi’s, and REI, who are driving breakthrough success by helping their customers and suppliers live better lives.
  • New tools and solutions from companies and organizations like: Amazon, BASF, Dow Chemical, Biomimicry 3.8, C2C Product Innovation Institute, Biogen, Planet Labs, the Closed Loop Fund and more.
  • Plus – Impossible Foods, Lush Cosmetics, Target, Nordstrom, The Nature Conservancy, BLab and hundreds more. Dive in and Enjoy!

Prices Increase THIS WEEK! Exclusive Offer for  the Wharton IGEL community!

Register before prices increase on Friday, April 7, 2017 and save up to $300 on your ticket! And, as part of the Wharton Community, you can save an extra 25% any time with code nwmWHARTONIGELsb17d, so register today for maximum savings.

Corporate Responsibility and Sustainability in the Trump Administration

By: Steve Rochlin, Co-CEO, IO Sustainability, Twitter: @SteveRochlin

The trends arising from the new Trump Administration make corporate responsibility and sustainability (CR&S) more central to business success than ever. At first this may seem counter-intuitive. Yet, recent history suggests that Republican controlled Administrations and Congresses create conditions that drive companies to enhance their commitments to CR&S. Ronald Reagan issued an executive order creating a task force calling for business to do more in alleviating social problems. George W. Bush encouraged greater corporate engagement. At the same time, activism calling for business to take on greater responsibility and leadership for environmental, social, and governance (ESG) performance intensifies from NGOs, investors, and media.

The private sector will have a central and often unique relationship with the Administration. One expects the Administration to pare back environmental, safety, and other regulations; corporate taxes; reporting requirements such as those for conflict minerals and extractive industry tax and royalty payments; and engagement in international agreements from Basel III to the Paris Climate Agreement. At the same time, the Administration will advance a mix of carrots and sticks to keep domestic jobs and invest in infrastructure. The Administration will seek to redo social support systems such as the Affordable Care Act, and push education, housing, health, and welfare programs to the states. Foreign policy will mix assertive and isolationist stances. The Administration will pinpoint trade and international aid efforts to areas that are viewed to enhance security, job creation, or both.

This agenda will move forward in the first multi-media Presidency to operate and communicate at the pace of internet time. In this context CR&S will be an essential Swiss Army Knife supporting business development and sales, enterprise risk management, brand and reputation, and HR. Companies should take the following steps.

1) Rethink your approach about gaining ROI from CR&S

Executives will experience admonishments that shift from one extreme – dismantle the company’s costly and distracting ESG commitments – to the other – redouble commitments and take bold ESG leadership. Designing a clear and measurable strategy to prioritize and invest in core CR&S areas is a business essential.

Fortunately, evidence from the recently published “Project ROI” report shows CR&S if done well can bump share price up by 6%, increase sales up to 20%, reduce employee turnover by half, and deliver a host of financial risk, productivity, and reputational benefits. Project ROI gives guidance on how to achieve these results and measure outcomes.

This has never been more important as we shift away from debates about privatizing public services, to innovating business solutions for the 17 Sustainable Development Goals. The “SDGs” represent a $12 trillion opportunity that could create 380 million new jobs. Companies and business initiatives such as the Global e-Sustainability Initiative, IBM, NovoNordisk, and Unilever among many others are taking advantage. As they do, trends suggest that the mainstream investor community will intensify their positions that ESG performance represents an increasingly important predictor of financial performance.

2) Deepen voluntary ESG commitments and reporting

Reagan presciently saw the growing influence of the court of public opinion. A new landscape of organized activists and media has extra-judicial power. Over the last three decades, companies have participated in a massive global experiment to create self-policing stewardship mechanisms across a wide range of ESG issues from chemical-use, emissions, forests, fish, human rights, and many others. The more regulatory constraints are lifted, the higher expectations will rise for companies – especially the the biggest brands and leaders in every industry — to manage their impacts on the environment and communities. They’ll be expected more than ever before to hold their suppliers accountable for meeting so-called, “civic regulation.” It will be more important than ever to find the sweet spot between wider societal needs, and high priority ESG issues that require both management and reporting.

Some industry segments will take advantage, adhering to minimum legal requirements to undercut the costs of ESG compliance leaders. As corporate ESG reporting, commitments, and partnerships continue to establish the new normal for business success, the more these free riders will lose out.

3) Hew strongly to your company’s core values in taking public positions

The current Administration is inventing new ways to engage with the public using new and traditional media. Industries and brands are in the spotlight in ways never seen before. Project ROI finds that the public evaluates the authenticity of corporate responses and positions, and looks to the perceived reaction of employees as a barometer. Culture and values are core to determining where and when companies should pick sides or stay out of the fray. Every company should form a rapid response team with Corporate Communications, Government and Public Affairs, Legal, HR, and the CR&S team leaders attached at the hip.

4) Build your own constituency

The politicization of consumer purchasing behavior is maturing in Europe, and reaching adolescence in the US. Stakeholder outreach is no longer a side activity tied to sustainability requirements. Risk management will increasingly require companies to have access to their own constituent networks willing to serve as character witnesses, advocates, brand ambassadors, intermediaries, and intelligence agents as marketplaces, policy, and politics increasingly intermesh. Companies like Nestlé and Target and collaborative multi-stakeholder initiatives, are finding ways to define how ESG stakeholders can support competitive success. Companies will be wise to move from current forms of stakeholder engagement to corporate constituency development as the Tweets and messages fly.

5) Engage on agreed areas of collective need

Domestically this means jobs and infrastructure. Underneath these tent poles are a host of potential solutions and social innovations such as work force development (see Accenture and PwC), addressing economic opportunity (see Bank of America, JP Morgan Chase, and Walmart), education (see IBM,), health (see Robert Wood Johnson Foundation, Campbell Soup Company, Pfizer), and resilience.

Global companies cannot neglect emerging gaps involved in serving international issues. Now is the time to invest in creative and strategic approaches to international development.

Instruments from corporate and workplace community investment, volunteering, R&D, and cause marketing will become more strategic than ever before. The need to demonstrate progress in solving issues will outpace the need to obtain traditional photo-ops and sponsorship branding.

The bottom line is this: don’t myopically focus on the favorable tax and regulatory agenda. Companies should prepare now to be called from all quarters to partner and lead on ESG issues at an unprecedented level of intensity.

Energy Policy Now Podcast: How Alberta Overcame Discord to Enact Carbon Tax

Contributed by the Kleinman Center for Energy Policy, via Andy Stone

Carbon policy unexpectedly made headlines last week when a pair of Republican party elders proposed a national carbon tax with a few unique twists. The proposal from Treasury secretaries George Schultz and James Baker actually looks similar to the carbon tax that the Canadian province of Alberta enacted on January 1st with unusually broad buy-in from environmentalists, the energy industry (Canada’s oil sands are in Alberta), indigenous groups and government.

Energy Policy Now, the podcast from Penn’s Kleinman Center for Energy Policy, interviews Alberta’s senior diplomat to the United States on details of the tax and the collaborative process that made it reality.

Gitane De Silva, Senior Representative to the United States, discusses plan details including the rebate checks to the majority of Albertans to offset higher energy costs. De Silva also provides insights into the provincial government’s intended uses for the balance of the C$9.6 billion in tax revenue over the next five years.

Collaboration, Innovation and Sharing: Turning Circular Supply Chain Vision into Reality

By Todd Hoff, VP Marketing and Customer Solutions, CHEP North America

When many of us were young, our parents taught us to share because it is polite and a nice thing to do. Today, as the world faces significant population growth and the environmental challenges that follow, the concept of sharing is a key building block in the long-term strategy to build a better world.

Experts say that the global population is expected to grow from 7.5 billion today to nearly 10 billion by 2050, adding more than two billion consumers to the global economy that will need access to safe, affordable and nutritious food and personal care products.

For decades, the fast-moving consumer goods industry has kept pace with growing population and consumer demands thanks to the development of innovative agricultural, manufacturing and supply chain practices. In recent years, academics, industry leaders, economic and sustainability thought leaders and efficiency experts have been collaborating to develop equally innovative plans for successfully meeting the challenges of the future.

That is where the concept of sharing comes in. Moving beyond the concept of reduce, reuse and recycle, stakeholders in the global economy have developed a vision of a Circular Economy, powered by a Circular Supply Chain that produces zero waste and zero carbon emissions. The fundamental building block of a Circular Supply Chain is shared and reusable assets.

At CHEP, our business model is based on shared and reusable assets. We move consumer goods throughout the world on more than 300 million reusable pallets, containers and crates that are used over-and-over again by our customers. We are committed to the vision of a Circular Supply Chain and bringing it to life through ongoing collaboration with our customers, thought leaders and stakeholders around the globe.

On February 8th, CHEP partnered with the Wharton School’s Initiative for Global Environmental Leadership at the University of Pennsylvania for a thought leadership event entitled,  Connecting the Dots: Sustainability Through a Circular Economy. CHEP teamed up with visionary stakeholders – a major packaging manufacturer; a multinational food, snack and beverage corporation; a grocery retailer and a leading consumer research company. They each discussed their sustainability efforts and collaboration in helping to turn the vision of a Circular Supply Chain into reality.

A recent study by McKinsey & Company shows that the consumer goods supply chain is fertile ground for both efficiency and sustainable savings presently and over the long-term. That is intriguing, because our focus at CHEP is collaborating with our customers to optimize and improve the sustainability of the supply chain.

Through our end-to-end supply chain solutions, we help our customers save money, become more efficient and more sustainable. For instance in the past 12 months, when it comes to sustainability, we have helped customers keep 1.4 million trees on the planet and eliminate 2.3 million tonnes of CO2 from the atmosphere, equivalent to taking more than 485,000 passenger vehicles off US roads. We’ve also removed 1.3 million tonnes of waste from landfills, eliminated 3 million empty truck miles and avoided more than 3,000 tonnes of food from being damaged during transport.

In collaborating with our customers, CHEP and its parent company, Brambles, have been recognized by the leading Circular Economy foundation and a major grocery retailer as a key component of the Circular Supply Chain because of our shared and reusable business model.

We are excited about developing an efficient and sustainable global supply chain that benefits people and the planet for generations to come. We are equally proud to partner with our customers and leading stakeholders to achieve a Circular Economy and a Circular Supply Chain, through sharing our experiences at Connecting the Dots.

Visit www.chep.com for more information or follow us on Twitter @CHEPna and LinkedIn. Please also check out our YouTube channel.

Janice Martin Couture: Sewing Green into Philadelphia’s Boutique Apparel Scene

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The Greenest Gowns!

Janice Martin Couture designs classic custom clothing for women who appreciate quality, fit and fashion… which are all attributes that coincide with a more sustainable “European approach” to dressing.  Working with clients to create clothing which flatters their figure and reflects each personality allows for fabrics which are all natural, lighter in weight, more “breathable” than garments which are made from or lined in polyester/petroleum based textiles.  Because the clothing is made for a specific figure, and because each client’s fabric choices reflect her personality, clients have a love affair with the items designed which influences them to wear the items more consistently over time and the quality of the construction allows each piece to survive multiple cleanings… alterations… design upgrades, etc.  Only fabric needed for the client’s use is ordered, so there is little “over-run” and what is left as scrap is given over to students or quilting groups who make items for the homeless.  For those women who “amortize” the cost of a garment, the everyday suit becomes a great bargain.

Of course there are plenty of women whose experience with couture is only through the purchase of bridal and evening wear.  In that case, a garment custom designed at the local level leaves a smaller carbon footprint, keeps finely trained artisans in business and again, allows for better quality fit, fabrics and future use.  Many of the bridal gowns designed at Janice Martin Couture are designed with future use in mind so that clients can wear their wedding gowns to follow up events at the opera, other weddings, holiday parties, etc.

By far the biggest “green” wedding gown would be that of the re-designed heirloom gown…. many women have a family gown which may or may not fit or flatter the current bride’s needs… but knowing the right creative team allows the bride to recreate the gown in a myriad of styles that can make it truly her own —while honoring the family tradition.  It is possible sometimes to completely take apart a vintage gown and use the fabrics to design an entirely new style… or sometimes it’s a matter of tweaking what is already there… or rebuilding just the bodice or just the skirt.  It is possible to take a gown from a small size to large, shorter to longer (or vice versa)… add color, matching lace or contrasting trim.  The right imagination and skills can produce an amazing transformation.

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(Before re-design and alterations)

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(After re-design and alterations by Janice Martin)

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Family textiles may also be the result of far-flung travel.  Numerous clients have purchased “souvenir textiles” that have been sitting unused on a shelf for years from which we have designed a variety of separates (African kente and mudcloth), evening and bridal wear (sari fabric), and sportswear from Kashmiri cashmere.

When our clients are out and about in a great style that transcends trends and are still getting compliments on an item designed 25 years ago the return on investment continues to please.  When a bride walks down the aisle in a gown that has connections with mothers, grandmothers, aunts, siblings or even a close friend, the sentimental value and joy are multiplied.  When being “part of the process” allows a gown to “evolve” with input from the client, it produces a gown much more special and flattering than any item found “off the rack”.  All of which contribute to a clothing philosophy of long lasting beauty, joy, utility and value.

Archival / Long Term Storage for Textiles

Storing textiles, fabric, leathers and feathers, etc. in plastic has proven to be a poor choice for the long term health of materials.  Better to store that heirloom gown in a cotton sheet, or the Ty-Bag, an archival garment bag made to measure by Janice Martin Couture.  These garment bags may be used for transporting a gown to/from an event… or for long term storage thus alleviating the need for a space hogging box that is often NOT truly acid free.  As long as the materials are stored in an area that is “not too hot/not too cold, moist, dry, etc” (if you are comfortable, so are your textiles is one way of judging the situation), your garments can be stored and worn safely for years to come.  The Ty-Bag is made from archival muslin or Tyvek, depending upon the client’s preference.  The muslin bag can be washed every few years to remove dust and an inspection of the materials stored therein made… Tyvek is an inert product used by museums for long term storage and needs no cleaning.  That is not to say that Tyvek cannot get wet however.

For the bride marrying in “iffy weather” Janice Martin Couture has designed a bridal rain cape out of Tyvek —it is lightweight, takes up little space, allows for gown protection, can be used as a drop cloth for photo shoots on wet pavement or grass… and can be used after the wedding as a cover for the gown to keep dust off for long terms storage.  For questions or to order, please contact http://www.janicemartin.net

Go Green (All Natural), Wear Green (Redesigned Heirloom Gowns), Save Green (Money)

For the quality conscious woman who knows what looks well on her… who may not like to shop… but does like the creative input allowed by the process of custom clothing… a wardrobe update may be as close as “closet shopping”…a trip to her own closet may produce a number of things which need to be purged, but may also discover favorite items that need a tweak to make them current, wearable and beautiful again.  Among the items clients have brought to Janice Martin Couture are heirloom wedding gowns and evening wear too cherished to give away.  Besides redesigning a vintage wedding gown into one a contemporary bride would wear, we have designed cocktail dresses, sun dresses, christening gowns…. even jackets, bustiers, pillows, baby quilts and clutch purses from family gowns that otherwise may have languished sadly in disuse.  It’s a great way to “lighten the world” by clearing out storage space, bringing to light beautiful textiles and re-utilizing heirlooms that are joyful connection to family history.

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IGEL at the COP22

By Eleanor Mitch, CEO and Founder of EM Strategy Consulting, Wharton alumna

The swift approval and ratification of the Paris Agreement[1] (104 countries of the 197, or 58%, have ratified the agreement!) was nothing short of “miraculous” in CIDCE[2] president Michel Prieur[3]’s words. Never before had an international agreement been so rapidly approved and adopted by so many nations in such a short span of time (approximately 1 year). Indeed, Prieur, one of the “fathers” of the principle of non-regression in environmental law, was instrumental in ensuring the addition of “this momentum is irreversible” in para.4 of the Marrakech Action Proclamation[4]. He has participated in the drafting of many international conventions since the 1970s and sees great hope in the rapid action even though we and future generations will still have to face the grave effects of climate change.

As part of this historic movement of awakening to the realities of the changes climate change must bring about, Wharton IGEL was represented with a presentation in absentia[5] by Eric Orts[6] on the implications for business of the Paris Agreement. Indeed, one of the key sectors that will be facing changes is the business sector. While markets have already chosen more sustainable energy sources in some areas (investments in wind and solar power, and Morocco boasts the world’s largest solar power plant, which just went live in 2016[7]), much more needs to be done, all throughout the supply chain, especially in Operations.

For the first time ever at a United Nations Framework Convention on Climate Change Conference of the Parties (UNFCCC-COP), an event uniting the ITC[8], IFAD[9], WTO[10], UNCTAD[11], UNFCCC[12] and UNFCCC Subsidiary Body for Implementation[13] was held to discuss how to move forward with business and trade on the Paris Agreement. During the event, Wharton IGEL Alumni Eleanor Mitch raised the point of the role of business schools, and especially IGEL’s, in leading the way to new business opportunities and innovation in sustainability. Given that Wharton graduates and those of other business schools will become business leaders, it is important to strengthen ties with the international law-making, enforcing bodies and business schools to prepare graduates to provide services and products for the challenges the world faces: environmentally displaced persons, sea-level rising, sustainable energy and consumption among others. Innovation and creativity-driven prosperity can come hand-in-hand with sustainable development.

 

[1] https://unfccc.int/resource/docs/2015/cop21/eng/l09.pdf

[2] http://cidce.org/

[3] http://cidce.org/structures-institutional/

[4] http://unfccc.int/files/meetings/marrakech_nov_2016/application/pdf/marrakech_action_proclamation.pdf

[5] Eleanor Mitch, presented for Eric Orts

[6] http://cidce.org/presentations-cop-22-cop-22-presentations/

[7] http://www.greenprophet.com/2016/02/worlds-largest-solar-power-plant-goes-live-in-morocco/

[8] http://www.intracen.org/

[9] https://www.ifad.org/

[10] https://www.wto.org/

[11] http://unctad.org/en/Pages/Home.aspx

[12] unfccc.int

[13] http://unfccc.int/bodies/body/6406/php/view/reports.php#c

PSR Presents: The Business of Sustainability

By Samantha Freeman

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On Saturday, November 19th, my Management 100 team hosted a conference in John H. Huntsman Hall on behalf of Penn Sustainability Review. This conference, The Business of Sustainability, explored the intersection between business and sustainability. Our keynote speaker was David Cohen, Chairman of the Trustees of the University of Pennsylvania and an Executive Vice President of Comcast Corporation. Our panel included Morgan Berman, CEO and Co-Founder of MilkCrate; Melissa Lee, CEO and Founder of The GREEN Program; Jason Halpern, CEO and Co-Founder of Gridless Power; and Emily Schapira, Campaign Director for the Philadelphia Energy Authority (PEA). Together, these speakers and panelists answered the long-standing question: How can the sustainability efforts of businesses both small and large lead to significant change?

My team, Flight Club, kept two main goals in mind when planning this conference. We wanted to 1) promote the discussion of sustainability issues among the Penn population, and 2) increase name recognition and interest in PSR. With over 130 Penn students in attendance, the conference successfully raised awareness for the academic discourse community PSR has created. Furthermore, the dozens of questions received for the panel and several students’ newfound interest in writing articles post-conference revealed that sustainability is a topic that truly sparks the curiosity of the Penn population. We are so excited to see how PSR will keep bringing this enthusiasm to new heights over the next few years.

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Around 1 pm on Saturday, students began entering F85. They happily stacked their plates with Chipotle burritos and Zesto’s Pizza, then found a seat and waited for introductions from Lori Rosenkopf, Vice Dean of the Wharton Undergraduate Program, and Julianne Goodman, Editor-In-Chief of PSR. Following these introductions, David Cohen spoke for twenty minutes on Comcast’s commitment to sustainability and future of sustainable investments for businesses. Comcast’s LEED-certified buildings were one point of focus. Comcast Center, in downtown Philadelphia, utilizes high-performance glass and sunscreens and water-saving fixtures to reduce expenses and energy consumption. As Comcast builds more structures like these, the corporation remains committed to delivering its services in a manner that lessons its environmental footprint.

Around 1:50 pm, the panel began its discussion, moderated by Penn graduate student Emily Newton. As the panelists shared the stories behind their businesses and how they got involved with sustainability, one thing became clear: All a person needs to start building an idea is a personal commitment to the issue at hand. For Morgan Berman and Melissa Lee especially, an independent goal to live more sustainably blossomed into a plan for a company that would allow others to do the same. Following the initial round of questions, audience members were welcome to ask their own. Several students were interested in hearing the answer to this question: What small things can I do? As they learned from the panelists, regardless of how miniscule the activity may be (for example, carrying a reusable water bottle over a plastic one), anything counts, and every great decision can have an even more substantial impact.

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My team thoroughly enjoyed working with PSR over the course of the semester, and we hope everyone who attended our conference found the experience to be as enjoyable and rewarding as we did. If you are interested in learning more about the featured businesses or want to know what you can do to promote sustainability, please reach out to our panelists, whose contact information is listed below. We’d like to extend a huge thank you to Julianne Goodman, Hersh Solanski, and Elena Rohner for their guidance, and we thank you all for flying with us.

 

Panelists’ Contact Information:

Morgan Berman: Morgan@mymilkcrate.com

Jason Halpern: Halpern@gridless.com

Melissa Lee: Melissa@theGREENprogram.com

Emily Schapira: eschapira@philaenergy.org