Despite environmental, social, and governance (ESG) funds gaining popularity, their impact on reducing negative externalities, such as greenhouse gas emissions, may be limited if not approached strategically. In our study, entitled “Responsible Finance: How to Optimize Impact,” forthcoming in the Review of Financial Studies, we show that investment capital could actually influence the behavior of more highly polluting companies to drive positive change for the planet.
By Stefano Lovo , Augustin Landier
How will the world look in 10 or 20 years? How can we chart new paths to create value while preserving or even enhancing the balance of the Earth and human life conditions? What role can businesses play in shaping desirable futures? Established in 2009 as a pioneering entity within HEC Paris, the Sustainability & Organizations (S&O) Institute is an interdisciplinary organization fostering a community of researchers, business leaders, organizations, and individuals deeply committed to serving human and planetary well-being. Thoughtful reflection, innovative experimentation, multi-stakeholder dialogue, and evolving pedagogy are at the core of our approach.
Ever since he published “Strategic Management”, Edward Freeman has been at the forefront of a theory that stakeholders are interconnected. For his collective body of work, the economist from Darden School, Virginia, received an Honorary Doctorate from HEC Paris, adding his name to the 48 illustrious scholars on the HEC Honoris Causa list. The March 4 ceremony was followed by several thousand spectators, both live and online. Freeman’s visit to the Jouy-en-Josas campus was the occasion to discuss his stakeholder vision with a prism of the 21st century. Extracts from the exceptional Breakthroughs podcast, recorded for Knowledge@HEC.
As the world grapples with sustainability issues, industries renowned for their environmental impact, such as fashion, face increasing scrutiny. A recent research thesis has shed light on alternatives to environmentally detrimental linear models prevalent in the fashion industry. This article, authored by SASI Master's student Andrea Murguia under the guidance of Professor Sam Aflaki, summarizes the thesis, “Sustainable Business Models in the Fashion Industry”, and delves into these findings, revealing innovative ways to navigate towards sustainability.
The world we live in is profoundly different to the one we knew four years ago. Disruption to long-established patterns reveal opportunities for developing countries to secure a bigger share of the global economy. A policy paper by Abdelmonim Amachraa, Portfolio Lead at OCP Fondation, and Bertrand Quélin, Strategy and Business Policy at HEC Paris, for the Policy Center for the New South looks at how Morocco can best integrate with global markets, analyzing the challenges and next steps.
By Bertrand Quélin , Abdelmonim Amachraa
The business case “Preparing future leaders at Ateme” by Valérie Gauthier, Associate Professor of Languages and Cultures at HEC Paris, has been published on The Case Centre. Based on the Professor’s experience and expertise in relational leadership built over 30 years of research and practice, the case explores how and why a growing tech company prepares today’s talents to face tomorrow’s leadership challenges.
Livestock contributes to nearly 15% of GHG emissions, which 60% are due to enteric fermentation, a natural digestive process that releases methane through burps. Methane has a warming potential 28 times greater than CO2 over a 100-year period. To limit global warming to 1.5°C, the IPCC shows that deep cuts in methane emissions are needed. Recently, a miracle solution has been claimed: feeding cows with a seaweed can cut their methane emissions significantly. But let’s not forget holistic implications of such production for the environment and its feasibility on a large scale. In this article, Clarisse Pierre cautions about the of use of seaweed, based on her MSc "Sustainability and Social Innovation" thesis supervised by Professor Sam Aflaki.
Doctor Anicet Fangwa's work on health centers and stillbirths in the Democratic Republic of Congo could save millions of lives by better managing health practices throughout Africa. The PhD graduate from HEC Paris describes the managerial tools he's been using in remote parts of the DRC.
By Anicet Fangwa , Bertrand Quélin , Marieke Huysentruyt
“Montrennoble: Flourishing sustainable city in France” case, written by HEC Paris Professor Bertrand V. Quélin, Bouygues Chair Professor in Smart City and the Common Good and HEC graduate Isaure Fraissinet, has just been released on the Case Centre platform. The case's objective is to help participants analyze the needs of a sustainable and smart city in an encompassing manner, meeting the city’s energy and mobility needs today as well as anticipating the future.
Top-quality research and teaching are essential to understand growing inequalities which hinder the urgently needed ecological transition, to interrogate the ESG factors, and to leverage theory and the most ambitious empirical methods. To do so, HEC scholars work with public and private regulators, peers from leading European academic institutions, CEOs and administrators to develop, test, and evaluate novel strategies, policies and practices designed to tackle inequalities in their field. In this Knowledge@HEC issue, we share academic knowledge and highlight professional experiences on those topics. Find the pdf of that issue here.
