George Coelho discussed global trends in clean energy investment and sustainability. Clean energy investment has grown significantly in recent years, with solar and wind becoming cost competitive with fossil fuels in many places. Technological improvements have dramatically reduced costs for solar panels, wind turbines, and lithium-ion batteries. Many countries and cities are taking actions to transition to more sustainable energy systems in response to issues like climate change and air pollution. There is increasing demand for sustainability education from students, employers, and other stakeholders.
2. Outline
• George Coelho
• The Board Mission
• Global Trends in Markets and Sustainability
• Trends in Clean Energy Investments
• Demand for Sustainability Education
• Integrating Sustainability into Higher
Education
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3. Disclaimer
• Views may reflect some of the policies and
strategy of GWU in some cases
• Not the views of Good Energies
• Views will often be my own
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4. George Coelho
• 24 years Technology VC experience in 20
countries
• PCCW, Broadcom, Citrix, Trend, Wonga, Betfair
• Intel, Benchmark Europe, Good Energies
• Financed Airlines, Utilities, Nuclear, Oil & Gas,
Coal, Renewables, Recycling
• Board of Advisors GW School of Business,
Trustee and Chair of Sustainability Committee
• KKB AG and Quadia SA
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5. Good Energies
• Pioneering Global Renewables investor
• Mission driven
• Chair for Management of Renewable Energies
at St Gallen University
• Major impact on Solar PV industry and finance
for Renewables
• Upstream and Downstream
• Q-Cells, REC, Trina, Solarfun
• Board activities: Tendril, Enecsys, Power
Assure, Alta Devices
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6. About us
The George Washington University
• Founded in 1821
• Largest institution of higher education
in the District of Columbia
• One of the largest private employers
in the District of Columbia
• More than 20,000 students
• 10 distinct schools including medicine,
law & public health
• Focused on sustainability since 2008
The George Washington University envisions a future with
resource systems that are healthy and thriving for all. Our mission
is to be the premier university on policy and governance for
sustainable systems through practice, teaching, research, and
outreach.
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7. The Board Mission
• Leadership Retreat 2010
• Workshops on Energy
• Speech to Leadership
• Sustainability education
– Students will want it
– Parents will demand it
– Employers will require it
– Donors will need it
• Call from Chairman
• Special Committee was Launched!*
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8. GWU Sustainability Definition
The George Washington University envisions a
future with resource systems that are healthy
and thriving for all
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9. GLOBAL TRENDS IN MARKETS &
SUSTAINABILITY
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10. Urbanization & Cities
Cities will drive sustainable development
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For the first time in
history, more than
half of humanity -
3.5 billionpeople
live in cities.
95% of urban expansion in the
next decades will take place in
developing world.
Cities are economic
powerhouses and account for
about 70% of global GDP.
However, urban averages hide
deprivation. Cities capture wide
extremes of wealth and poverty
- serving as home to 828
million slum dwellers.
More than 200 million urban
residents in developing countries gained
access to either improved water sources,
sanitation facilities, or durable housing in
the past 12 years.
Cities account for 3/4th of
the world’s carbon
emissions.
But, on average city dwellers
have a relatively lower
environmental
footprint. Urban densities
yield many opportunities for low
carbon living.
Cities are at the
front lines of
climate change -
for example, 75% of
urban settlements
are located in coastal
areas at risk from
sea‐level rise.
With stagnation of
international climate
change discussions,
mayors are taking
the lead in fostering
solutions to environmental
problems
Source: National Geographic, World Bank, United Nations Millennium Development Report 2012, UNEP. C40
11. Corporate Sustainability
Integrating sustainability into core business is key
Top corporate sustainability
focus areas for the next year
include human rights,
workers’ rights, climate
change and water availability.
Operational energy
management is a priority
Earning the public’s trust is a
key motivator
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Source: BSR/Globescan State of Sustainable Business 2012
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Corporate Sustainability
Most frequent investor inquiries around sustainability
Source: Ernst & Young 2013 Six Growing Trends in Corporate Sustainability
13. Partnerships
Rise of coordinated multi-sectoral solutions
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“We must partner with the private sector much more deeply from the start, instead of treating
companies as just another funding source for our development work. In short, we must embrace
a new wave of creative, enlightened capitalism.”
- Rajiv Shah
USAID Administrator
14. TRENDS IN CLEAN ENERGY INVESTMENT
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15. Investment Activity
Global Total New Investment in Clean Energy
Source: Bloomberg New Energy Finance
Note: Includes corporate and government R&D, and small distributed capacity. Adjusted
for re-invested equity. Does not include proceeds from acquisition transactios.
$54bn
$80bn
$114bn
$164bn
$191bn $187bn
$251bn
$302bn
$269bn
48%
43%
45%
16%
-2%
34%
20% -11%
2004 2005 2006 2007 2008 2009 2010 2011 2012
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2004-12 ($bn)
16. Investment Activity
Clean vs. Fossil-Based Generating Capacity Investment
Source: Bloomberg New Energy Finance, EIANote: Clean energy total excludes large hydro. Fossil fuel is investment on coal and gas capacity. We
assume capacity retirement of 3.3%/yr for coal and 4%/yr for gas.
Clean
energy
Fossil fuel
0
50
100
150
200
250
300
350
2006 2007 2008 2009 2010 2011 2012
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2006–12 ($bn)
17. Investment Activity
New Investment in Clean Energy by Sector
Source: Bloomberg New Energy FinanceNote: Total values include estimates for undisclosed deals. Excludes corporate and government R&D.
Includes small distributed capacity & adjustment for re-invested equity.
8.6 8.4 7.8
9.5
11.5
16.5
12.9
18.4
19.7
21.7
21.6
34.0
24.9
28.4
33.7
46.2
34.0
45.9
41.0
43.1
26.2
45.745.5
42.7
46.5
52.2
55.5
63.3
53.9
71.8
70.7
58.0
48.0
59.6
56.6
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2004 2005 2006 2007 2008 2009 2010 2011 2012
Wind Solar Biofuels Other
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Q1 2004–Q3 2012 ($bn)
18. Recent Developments
China’s air quality
Beijing
12 Jan 2013
993
World Health
Organisation
Guideline
25
Picture credit: Feng Li/Getty Images
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PM2.5 microgrammes per cubic meter
19. Recent Developments
Top 15 Countries for New Investment in Clean Energy in 2012
and % Change on 2011 ($bn)
Source: Bloomberg New Energy FinanceNote: Excludes corporate and government R&D
2.95
3.42
4.05
4.31
4.41
5.34
5.46
6.19
6.85
8.34
14.71
16.28
22.80
35.58
65.13
-68%
179%
11%
-34%
-23%
-32%
20563%
40%
-45%
-17%
-51%
75%
-27%
-37%
20%
Spain
Greece
Belgium
France
Canada
Brazil
South Africa
Australia
India
United Kingdom
Italy
Japan
Germany
United States
China
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20. 0.1
1
10
100
1 10 100 1,000 10,000 100,000 1,000,000
historic prices (Maycock) experience curve
Chinese c-Si module prices (BNEF) Thin-film experience curve
First Solar thin-film module cost
1976
1985
2003
2006
2012 2012
Trends by Sector
PV Experience Curve, 1976-2012 (2012 $/W)
Source: Paul Maycock, Bloomberg New Energy Finance
Note: Prices inflation indexed to US PPI.
MW
PV MODULE PRICES HAVE
FALLEN 80% SINCE 2008
20% IN 2012 ALONE
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21. Trends by Sector
EU Net Capacity Additions (in GW)
Source: EWEA, Bloomberg New Energy Finance,
0
10,000
20,000
30,000
40,000
50,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Other
Gas
PV
Wind
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22. Trends by Sector
Clean Energy Cost Competitiveness - Africa
Picture Credit: SolarSister
Note: Illustrative figures for cost of 2 lamps plus mobile
phone charging, Kenya, 2012
Kerosene
$4 per week
Solar PV
$1 per week
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23. Trends by Sector
Average Levelised Cost of Onshore Wind, 1984-2012
14%
1984
1990
2000
2004
2012
10
50
100
500
100 1,000 10,000 100,000 1,000,000
MWNote: Learning curve (blue line) is least square regression:
R2 = 0.88 and 14% learning rate.
WIND TURBINE PRICES HAVE
FALLEN 29% SINCE 2008
Source: Bloomberg New Energy Finance, ExTool
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(€/mwh)
24. Trends by Sector
Evolution of Wind Power
Tehachapi Pass Wind Farm
Early 1980s
Post Rock Wind Farm 2012
Photos: Wiki Commons
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25. Trends by Sector
Improvements in Turbine Technology
Hub height Blade length, blade design Improved component parts
Siting Turbine Control Software Improved Availability
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26. Source: Bloomberg New Energy Finance
=
Natural Gas
at $6/MMBtu
=
New
coal
Best Wind
Trends by Sector
Grid-Competitive Clean Energy
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27. Trends by Sector
$3 Natural Gas, USA 2013
Picture credits: Tod Baker via Creative Commons;
NASA, NOAA, CERES
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28. You know,
we’re making
no money. It’s
all in the red.
Rex Tillerson
CEO, Exxon
Trends by Sector
US Natural Gas, 2012
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29. Trends by Sector
Lithium-ion Battery Experience Curve
EV BATTERY PRICES HAVE
FALLEN 40% SINCE 2010
Source: Battery University, MIIT, IIT, Bloomberg New Energy Finance
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30. Trends by Sector
Numbers of Smart Meters Worldwide
Source: Bloomberg New Energy Finance
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(in Millions)
31. Trends by Sector
China Power Capacity Additions by Technology
0
20
40
60
80
100
120
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2020e2030e
Solar
Biomass &
WtE
Wind
Hydro
Nuclear
Natural
Gas
Coal
Historic Forecast
0
20
40
60
80
100
120
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2020e2030e
Solar
Biomass &
WtE
Wind
Hydro
Nuclear
Natural
Gas
Coal
Historic Forecast
0
20
40
60
80
100
120
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2020e2030e
Solar
Biomass &
WtE
Wind
Hydro
Nuclear
Natural
Gas
Coal
Historic Forecast
0
20
40
60
80
100
120
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2020e2030e
Solar
Biomass &
WtE
Wind
Hydro
Nuclear
Natural
Gas
Coal
Historic Forecast
Source: China Electricity Council, Bloomberg New Energy FinanceNote: Net additions for coal capacity. 2020 and 2030 forecasts are from BNEF’s
Global Renewable Energy Market Outlook (GREMO).
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2001-12, 2020e & 2030E (GW)
32. Trends by Sector
Levelised Cost of Energy Q4 2011 ($/mWh)
Carbon from the BNEF European Carbon Model with an average price of $43/tCO2 to 2020, driven by the rising cost
of abatement (largely due to less cheap fuel-switching potential) in Phase IV. Coal and natural gas capex from the
US Department of Energy EIA Annual Energy Outlook 2011 and recently announced plants.. US gas: Henry Hub,
Japanese: imported LNG, EU: German/UK gas.
Source: Bloomberg New Energy Finance
0 100 200 300 400 500
Coal fired
Natural gas CCGT - US
Natural gas CCGT - Europe
Natural gas CCGT - Japan
Nuclear
Small hydro
Large hydro
Geothermal - flash plant
Municipal solid waste
Landfill gas
Wind - onshore
Biomass - incineration
Geothermal - binary plant
PV - thin film
Biomass - gasification
PV - c-Si tracking
Biomass - anaerobic digestion
PV - c-Si
STEG - tower & heliostat w/storage
STEG - parabolic trough
Wind - offshore
STEG - parabolic trough + storage
STEG - tower & heliostat
STEG - LFR
Marine - tidal
Marine - wave
Fossil fuelledFossil fuelled w/CO2 Competitive clean energyBNEF 2011 EUA forecast
Excludes impact of fossil fuel
subsidies, health, defence,
environmental impacts, jobs, etc
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33. Implications 1
Fundamental re-engineering of the world’s
energy sector around a more distributed,
lower carbon, more secure architecture
• Will cost trillions of dollars
• Will take decades
• Will be supported by government actions
• Will be funded largely by capital markets
• Will create great opportunities and jobs
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34. Implications 2
Entering a period of unusual risk, which has to be
managed by investors, policy-makers & corporates:
• Rapid technological change
• Old-school utility model is dead
• Policy risk due to fiscal pressures, politics &
incumbent capture
• Trade tensions & geopolitics
• Capital markets in flux post crisis; new investors
• Climate as a wild card
34
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35. Implications
Capital requirement to 2030 (in $bn)
35
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0
100
200
300
400
500
600
700
2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Source: New Energy Finance Global Futures 2008, Bloomberg New Energy Finance
37. Higher Education & Careers
Demand for sustainability education is growing
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In a survey of more than 1,300 business professionals conducted by the National
Environmental Education Foundation, it emerged that 65% of respondents see
environment and sustainability knowledge as valuable, especially in new hires.
Source: Gullo, K., & Haygood, L. (2010). The business case for environmental and sustainability employee education. National Environmental Education Foundation.
According to the U.S. Bureau of Labor Statistics, the demand for
graduates educated in concentrations related to sustainability is
expected to increase at least 20% between 2008 and 2018.
Source: Hanover Research. (2011). Embedding sustainability into university curricula. Washington, D.C.: Hanover Research.
In 2009 alone, more than 100 majors, minors or certificates
were created in the field of energy and sustainability in
colleges across the US, up from just 3 new programs in 2005.
Source: Schmit, J. (2009, December 28). As colleges add green majors and minors, classes fill up. USA Today, Retrieved from
http://www.usatoday.com/money/industries/environment/2009-12-27-green-colleges_N.htm
38. Higher Education & Careers
Increasing number of full-time sustainability managers
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Number of companies with full-time sustainability positions
Source: GreenBiz State of the Profession 2013
1970
U.S. Environmental
Protection Agency
established
1982
United Nations
publishes Brundtland
Commission report
1992
UN Earth Summit
in Rio de Janeiro1989
Exxon Valdez
oil spill
1997
Kyoto Protocol
adopted
2005
Walmart
announces
sustainability
goals
39. Higher Education & Careers
Energy managers play an important role
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Source: GreenBiz State of the Profession 2013
% of companies within industry that view energy managers as critical
40. Higher Education & Careers
Skills students need to be prepared for sustainable
business
Team-oriented
Determined
commitment
Peripheral
vision
Strategic
thinker
Systems
perspective
Collaborative
networker
Influential
communicator
Change driver
40
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Source: Center for Corporate Citizenship (2010). Leadership Competencies for Corporate Citizenship:
Getting to the Roots of Success. Carroll School of Management, Boston College.
Senior sustainability executives in 33 multi-national companies agree on the
core leadership competencies for sustainability.
41. Alumni Spotlight
41
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Andrew Seal
Renewable Energy
Leadership Program -
Associate
GE
Jen Boulden
Eco Living Host,
Sustainability Expert,
Online Media
Entrepreneur
Heather Nesle
First VP, Community &
Philanthropic Services
HSBC
Rachel Goldstein
Global Manager of
Scientific and Regulatory
Affairs for Sustainability
Mars Incorporated
Miranda Ballentine
Director of Sustainability
for Renewable Energy and
Sustainable Buildings
Wal-Mart
David Kirkland
Client Solutions Executive
OPower
42. What would I teach to Business Students?
Energy, Water, Recycling, Food, Transport, Buildings, Urban Planning, Geography
Legal and regulatory environment
Capital Markets, Project Finance, Real Estate and PE/VC
Supply Chain
Technologies, Energy Efficiency/Green Buildings, LEED
Climate Change theory
Consumer trends and demand
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43. Where are the jobs?
• Finance
– VC/PE
– Infrastructure Funds
– Investment Banks
– Impact Investors
• Start-ups
• Corporates, MNCs and Utilities
• NGOs
• Governments
43
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45. Higher Education & Careers
Growing corporate interest in sustainability-related scholarship
45
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46. 46
Cross Campus Collaborations in Sustainability
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A few institutions
have degree
offerings in
sustainability…
Sustainability
Degrees
…Some institutions
offer
interdisciplinary
programs through
joint/dual degree
offerings.
Joint Degrees
Most universities
provide elective
courses related to
sustainability, and
students can
customize their
degree programs.
Only Electives
Three paths for sustainability education
47. Mission: To be the premier
university on policy and governance
for sustainable systems through
research, teaching, practice, and
outreach. Policy and
governance for
sustainable
systems
Curricula
Research
Practice
Outreach
Approach: Build content across
disciplines and functions.
Vision: The George Washington University envisions a future with resource
systems that are healthy and thriving for all.
Sustainability at GW
Focus: Research, teach, and pilot
solutions for urban sustainability.
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48. Practice
Focus on Climate, Water & Ecosystems
• Carbon neutrality in 2040 and a 40% reduction across
all scopes by 2025 (from 2008 levels)
• GW aims to reach neutrality by reducing its emissions
by at least 80% and using credible offsets to negate
the remaining emissions
Climate
• Achieve a 25% reduction in total potable water
consumption over 10 years (from 2008 levels)
• Water policy focus areas include potable water, rainfall
capture, waste water and bottled water
Water
• Addresses GW’s impact and dependence on ecosystem
services, and to mitigate risks and seize opportunities.
• Focus areas include increase green space, zero waste,
sustainable procurement, on-campus food production
Ecosystems
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49. Planet Forward
•Final count shows 3
million impressions of
Twitter hashtag
#gwmoving during April
2012 GW Innovation
Summit.
•Co-hosted an Energy
Policy Forum with Arent
Fox in June 2012
featuring U.S. Sen. Lisa
Murkowski, R-Alaska,
and U.S. Department of
the Interior Secretary
Ken Salazar.
Clinton Global
Initiative U
•GW hosted CGI-U in
April 2012, bringing
together more than
1,000 students
representing 82
countries, and more
than 300 universities
•Provided a forum to
engage both domestic
and international
students on the
challenges facing the
world today
GreenGov
•Hosted by GW in 2010
conjunction with the
White House
•Brought together
various stakeholders to
identify opportunities
around greening the
Federal Government
Solar Institute
•Provides technical
advice to federal
agencies & advances the
conversation on solar
investment vehicles
•Hosts an Annual Solar
Symposium every year
featuring leading
experts and
policymakers
Outreach
Build on track record of connecting to GW
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50. Research
Build content based on current strengths
Climate &
Energy
Water
Urban
Sustainability
Food
Solar Energy
Health and
Healthcare
Law &
Governance
Ecosystem
Services
Sustainable
Technology
50
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51. Curriculum
Sustainability-related Undergraduate Offerings
Columbian College of Arts & Sciences
B.A. in Environmental Studies
B.A. in Geography
B.A. in Geology
B.S. in Chemistry
B.F.A. in Interior Design
School of Engineering and Applied Sciences
B.S. in Civil and Environmental Engineering with a focus on:
Environmental Engineering
Geotechnical Engineering
Infrastructure Engineering
Solid Mechanics and Materials Engineering
Structural Engineering
Transportation Engineering
Water Resources Engineering
51
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52. Columbian College of Arts & Sciences
M.S. in Chemistry
M.S. in Economics
M.A. in Geography
M.A. in Hominid Paleobiology
M.F.A. in Interior Design
M.A. in Environmental and Resource Policy
Ph.D. in Economics
Ph.D. in Geography
Ph.D. in Hominid Paleobiology
Ph.D. in Chemistry
Ph.D. in Systematics and Evolution
School of Engineering and Applied Sciences
Graduate Certificate in Energy Engineering and Management
Graduate Certificate in Environmental Engineering
Graduate Certificate in Geo-environmental Engineering
M.S. in Environmental and Engineering Management
M.S. in Civil and Environmental Engineering
Dr.S. in Environmental and Engineering Management
Ph.D. in Civil and Environmental Engineering
Elliott School of International Affairs
M.A. in International Development Studies (Sustainable Development
Focus)
School of Business
Certificate Program in Responsible Management
M.T.A. in Sustainable Tourism Destination Management
M.B.A. in Environmental Policy and Management
M.B.A. with emphasis in Sustainability and Corporate Responsibility
Ph.D. in Business Administration with a specialty in:
Strategic Management and Public Policy (with courses in
environmental management and policy), Tourism and Hospitality
Management (with courses in Sustainable Tourism Destination
Management)
Law School
J.D. in Environmental Law
L.L.M. in Environmental Law
College of Professional Studies
Certificate in Urban Sustainability
Certificate in Sustainable Landscapes
M.P.S. in Sustainable Urban Planning
School of Public Health & Health Services
M.P.H. in Environmental and Occupational Health
M.P.H. in Environmental Health Science and Policy
Dr. P.H. in Environmental and Occupational Health
Curriculum
Sustainability-related Graduate Offerings
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52
53. Curriculum
Undergraduate Minor in Sustainability
“The sustainability minor allows students to explore the
challenges of sustainability and how it may be used to
develop solutions to pressing issues at the local, regional
and global scale. It can supplement any major at GW and is
intended to help students develop an understanding about
the sustainability of society and environment. We believe
that any student can benefit from the sustainability minor.”
- Dr. Lisa Benton-Short
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53
54. GWSB Philosophy
• The field of sustainability is too broad for a business
school to effectively teach it on its own.
• In addition to the functional business areas that are
necessary in the sustainability space, individuals also
require technical skills from engineering and the
sciences; legal knowledge from law and public policy;
planning skills from the fields of architecture and
design.
• The GWSB philosophy is built around leveraging the
rest of the university. It is through our collaborative ties
with engineering, arts and sciences, law, and public
policy, that we are best able to train students for future
careers in sustainability.
54
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55. Curriculum Partnerships
GWSB Joint Degree Programs
Students can take a number of degree programs along with the Masters of Business
Administration across the university including:
School of Business
Master of Science in Finance
Master of Science in Project Management
Master of Science in Information Systems Technology
Elliott School of International Affairs
Master of Arts in Asian Studies
Master of Arts in European and Eurasian Studies
Master of Arts in Global Communication
Master of Arts in International Affairs
Master of Arts in International Development Studies
Master of Arts in International Science and Technology Policy
Master of Arts in International Trade and Investment Policy
Master of Arts in Latin American and Hemispheric Studies
Master of Arts in Middle East Studies
Master of Arts in Security Policy Studies
Law School
Juris Doctor
55
Cross Campus Collaborations in Sustainability
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56. GWSB Sustainability Experts
Highlighted Projects:
Dr. Griffin is one of the co-founders of the
Fourth Capital Network, a consortium of
universities, institutions, organizations,
and businesses committed to advancing
the fields of social entrepreneurship and
corporate social responsibility in Egypt and
the rest of the Middle East and North
Africa.
56
Cross Campus Collaborations in Sustainability
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Dr. Jennifer J. Griffin
Chair and Professor of Strategic Management and Public Policy
57. Highlighted Projects:
Dr. Rivera examines how participation
in voluntary environmental
certification initiatives is associated
with business competitiveness and
environmental performance, by
studying the case of the Blue Flag
Program in Costa Rica.
57
Cross Campus Collaborations in Sustainability
June 24, 2013
Dr. Jorge E. Rivera
Associate Professor of Strategic Management and Public Policy
GWSB Sustainability Experts
58. GWSB Sustainability Experts
Highlighted Projects:
Dr. Forrer co-directs the Task Force on Business
and Peace with the United States Institute of
Peace, which seeks to understand how the
various policies, practices and future challenges
facing the global business affect peace, and what
the private sector can do to promote peace, and
avoid fanning conflict.
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Dr. John Forrer
Associate Research Professor of Strategic Management and
Public Policy
Associate Faculty, Trachtenberg School of Public Policy and
Public Administration
59. Research Centers
Institute for Corporate Responsibility
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Global Solution Partnerships Initiative
60. Research Centers
Center for Real Estate and Urban Analysis
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61. GWSB Sustainability & Corporate Responsibility
Work with Major Corporations
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62. GWSB Sustainability & Corporate Responsibility
China Operations
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63. GWSB Sustainability & Corporate Responsibility
Partnership with the District of Columbia
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64. Taking It Forward
Make sure you “walk the talk”
Host events and Galvanize the students
Play to your strengths, pick your areas
Get the Trustees/Administration/Schools
on your side
Have a Strategy and execute on it
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65. GW Institute of Sustainability
• Decided on a new GW Institute to bring
together all of our various efforts
• Fully Tenured professor with a start-up
package
• Director will have carte Blanche to create and
take the University forward, no path
foreclosed
• Recruiting efforts launched
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66. Report card
• Good progress on Committee and
Trustee/Administration/Deans support, goals
• Undergraduate Minor fast launch and strong
reception
• More Multidisciplinary programs needed such
as Business/Legal/Engineering
• Disparate efforts urgently need to be brought
together by new Director
• Strong academics scarce in this field
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67. Acknowledgements
• Meghan Chapple-Brown
• Doug Guthrie
• Ridhima Kapur
• Michael Liebreich/Bloomberg New Energy
Finance
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I would like to take us through what is really a business plan. I am just a businessman, not an academic. So I am focused on and outcome of what sustainable education can do eventually for the student‘s future career. While there is a lot happening in Sustainability at GW, my goal is to take you through what we have, what we have done and what we plan to do in both the Business School and the University as a whole. And finally the bottom line is to get a job. So I will go from the rather general given this is a Plenary session to the fairly specific, since as a businessman I always try to focus on a particular business outcome. Hopefully this will be of some use to you.
First of all am I credible to talk about this area. Understand the energy and power businesses and am active in it. KKG is a Swiss-based Listed Water/Solar and Wind Utility. Quadia is an Impact investor based in Geneva and active in Sustainable agriculture, forestry and consumer products.
Good Energies pioneered Solar PV investment 10 years ago. The founder saw the future in clean power. 2 of the biggest VC exits ever in Europe. Met them in 2008. Thought they were crazy. A year later I joined them.Enecsys is a spin-out of Cambridge’s Power Lab. Alta comes out of Caltech and Cal Berkeley Porfessors.
Talking PointsThe George Washington University was created in 1821 through an Act of Congress, fulfilling George Washington’s vision of an institution in the nation’s capital dedicated to educating and preparing future leaders.Today, GW is the largest institution of higher education in the District of Columbia. We have more than 20,000 students—from all 50 states, the District and more than 130 countries—studying a rich range of disciplines: from forensic science and creative writing to international affairs and computer engineering, as well as medicine, public health, the law and public policy.GW comprises three campuses—Foggy Bottom and Mount Vernon in Washington, D.C., and the GW Virginia Science and Technology Campus in Ashburn, Va.—as well as several graduate education centers in the metropolitan area and Hampton Roads, Va.Background10,000 Approximate number of total undergraduate students enrolled at all locations14,000 Approximate number of total graduate students enrolled at all locations1,000 Approximate number of total non-degree students2,000,000+ Number of volumes in GW’s library system1,174 Total full time faculty3 Campuses172,000,000 Dollars of research funding450+ Number of student organizations250,000+ Alumni worldwide
We had a retreat in 2010. After the workshops I was asked to give a speech on Sustainability. I decided to throw caution to winds and give the elements of a business plan, in terms of a challenge.The Special Committee usually includes the Provost, Deans, powerful Professors, Trustees and Senior Staff including the Director of Sustainability and the Treasurer.I have little doubt that I was recruited to the Board as someone who was actively involved in Sustainability and Globalization as one of the early international VC investors. This was an application-specific recruitment and I was destined for involvement in something like this.
Sustainability refers to creating systems that are healthy and thriving for allQuality of life across the globe and across generations Sustainability is the balance of Environmental resourcesSocial equityEconomic prosperityGW can leverage tools to contribute to sustainabilityScientific understanding and technological solutionsInsight on effective policy and governance structuresBehavioral practice and cultural endorsement in our campus activities
Talking PointsLet’s take a step back and look at the context – global trends show a changing world and how business schools need to position to address these changes.Half of humanity – 3.5 billion people – live in cities today.By 2030, almost 60 per cent of the world’s population will live in urban areas.95 per cent of urban expansion in the next decades will take place in developing world.828 million people live in slums today and the number keeps rising.The world’s cities occupy just 2 per cent of the Earth’s land, but account for 60-80 per cent of energy consumption and 75 per cent of carbon emissions.Rapid urbanization is exerting pressure on fresh water supplies, sewage, the living environment, and public health.But the high density of cities can bring efficiency gains and technological innovation while reducing resource and energy consumption.It is not urbanization itself but, rather, higher levels of income that drive the higher GHG emissions we see in cities today. Urban densities yield many opportunities for low carbon living. Cities are economic powerhouses and account for about 70% of global GDP.BackgroundBuildings have inefficient heating and cooling, lighting, and refrigeration systems ‐‐ their walls, windows and roofs leak heat in the winter and cold in the summer. • Solid waste landfills release methane – a greenhouse gas agent 23 times more potent than CO2 – as garbage decays. • Most of the energy used for outdoor lighting becomes waste heat rather than producing light. • Heavy traffic congestion in cities generates significant emissions and reduces worker productivity. • Most water systems waste significant water and energy as a result of leaks and losses. The share of poverty in the developing world that is located in urban areas has jumped from 17% to 28% in the past 10 years. In eastern Asia, nearly half of all poverty is found in urban locations (pdf), while in sub-Saharan Africa the urban share of poverty is 25%.So what? Well, urban poverty challenges the development community in several ways. For a start, most development professionals have been trained in rural development and rural livelihoods. As we are so fond of saying, context is everything; whether we are equipped to face the different challenges of urban contexts is another question.So how is urban development different? There's not enough research to be definitive, but there are plenty of plausible hypotheses.One is that urban areas capture wide extremes of wealth and poverty, which often exist cheek by jowl. Urban averages hide deprivation on a scale rarely seen in rural areas.Access to services may appear enhanced in urban areas, but often their quality is uneven and the competition for them is intense. And here's one more change since then: Urbanization is now good news. Expert opinion has shifted profoundly in the past decade or two. Though slums as appalling as Victorian London's are now widespread, and the Victorian fear of cities lives on, cancer no longer seems the right metaphor. On the contrary: With Earth's population headed toward nine or ten billion, dense cities are looking more like a cure—the best hope for lifting people out of poverty without wrecking the planet.One evening last March, Harvard economist Edward Glaeser appeared at the London School of Economics to promote this point of view, along with his new book,Triumph of the City. Glaeser, who grew up in New York City and talks extremely fast, came heavily armed with anecdotes and data. "There's no such thing as a poor urbanized country; there's no such thing as a rich rural country," he said. A cloud of country names, each plotted by GDP and urbanization rate, flashed on the screen behind him. Poor people flock to cities because that's where the money is, he said, and cities produce more because "the absence of space between people" reduces the cost of transporting goods, people, and ideas. Historically, cities were built on rivers or natural harbors to ease the flow of goods. But these days, since shipping costs have declined and service industries have risen, what counts most is the flow of ideas.In cities with higher average education, even the uneducated earn higher wages; that's evidence of "human capital spillover.“Cities allow half of humanity to live on around 4 percent of the arable land, leaving more space for open country.Per capita, city dwellers tread more lightly in other ways as well, as David Owen explains in Green Metropolis. Their roads, sewers, and power lines are shorter and so use fewer resources. Their apartments take less energy to heat, cool, and light than do houses. Most important, people in dense cities drive less. Their destinations are close enough to walk to, and enough people are going to the same places to make public transit practical. In cities like New York, per capita energy use and carbon emissions are much lower than the national average.http://ngm.nationalgeographic.com/2011/12/city-solutions/kunzig-text/1Cities in developing countries are even denser and use far fewer resources. But that's mostly because poor people don't consume a lot. Dharavi may be a "model of low emissions," says David Satterthwaite of London's International Institute for Environment and Development, but its residents lack safe water, toilets, and garbage collection. With climate change discussions stagnating at national and international levels, cities are taking the lead in fostering solutions to environmental problems
Talking PointsThough many old school CEO’s may think so, sustainability is not an add-on. In fact, companies that see that it is integrated into core business are on the competitive edge. It is a challenge to integrate natural resource and sustainable development issues into the core of business, but it must be done to meet the demands of tomorrow’s markets.- The biggest challenge facing businesses today is the integration of sustainability into core business functions.- Top corporate sustainability focus areas for the next year include human rights, workers’ rights, climate change and water availability.- Energy management in operations is overwhelmingly seen as the main priority in carbon reduction strategies.- Companies believe that increasing transparency, demonstrating positive environmental and social impacts, and innovating for sustainability will help them earn the public’s trust.Sourcehttp://www.triplepundit.com/2012/10/bsr-sustainability-business-trends/?utm_source=Triggermail&utm_medium=email&utm_term=newsalert&utm_campaign=Weekly%20CSRwire%20Alert
Talking PointsCompanies are receiving an increase in the number of sustainability-related inquiries from investors and shareholders over the past 12 months. That underscores growing interest, particularly by institutional investors, many of which now view corporate sustainability issues as material to shareholder value.At the top of the list of shareholder proposals are those focusing on companies’ efforts to reduce energy consumption, an acknowledgment that energy efficiency not only increases competitiveness, but also reduces risks associated with volatile energy prices, as well as carbon taxes or other regulatory schemes. Second highest on the list are proposals addressing greenhouse gas emissions reductions or adoption of quantitative greenhouse gas goals.BackgroundThis is based on a survey conducted by Ernst & Young in 2012 of 282 companies. Fully half reported that they are receiving an increase in the number of sustainability-related inquiries from investors and shareholders over the past 12 months. That underscores growing interest, particularly by institutional investors, many of which now view corporate sustainability issues as material to shareholder value.As demands for disclosure on environmental and social impacts increase so does the number of surveys, questionnaires and queries to companies. They come from many and diverse directions: institutional investors, customers, media, industry analysts, communities, regulatory and non-regulatory government bodies (at the local, national and international levels), activist groups and various others. Each seems to want more or different data than the others, or may pose the same questions in slightly different ways. The resulting tsunami has overwhelmed many companies’ ability to cope. As noted in the 2012 piece by Ernst & Young, entitled Shareholders press boards on social and environmental riskes: is your board prepared?, the growth of queries also mirrors the growth of shareholder proposals on social and environmental issues, which now account for 40% of all shareholder proposals. Support for those proposals is growing, too: The average proposal received 21% of investors’ votes in 2011, up from 10% in 2005, reflecting a relatively high level of interest and support.At the top of the list of shareholder proposals are those focusing on companies’ efforts to reduce energy consumption, an acknowledgment that energy efficiency not only increases competitiveness, but also reduces risks associated with volatile energy prices, as well as carbon taxes or other regulatory schemes. Second highest on the list are proposals addressing greenhouse gas emissions reductions or adoption of quantitative greenhouse gas goals.Climate and energy will likely remain front and center for shareholders. At the institutional level, investors are getting increasingly organized around these topics. For example, the Investor network on Climate risk is a network of 100 institutional investors representing more than US$10 trillion in assets “committed to addressing the risks and seizing the opportunities resulting from climate change and other sustainability challenges.” Groups like this are working feverishly behind the scenes, not just to push shareholder resolutions, but also to press for policy changes, increased voluntary disclosure, and adoption of climate disclosure practices by stock exchanges.Source: Ernst & Young 2013 Six Growing Trends in Corporate Sustainability
Talking PointsCompanies are finding that in order to grow in emerging markets, it is essential to partner with socially minded organizations, regulators, and non-profits. This is not about philanthropy or public relations, but rather about developing trusted partnerships with stakeholders. Trusted partnerships help companies to pre-empt social issues, and also to better understand current and future markets.Background“The development community must step out of its comfort zone and imagine new linkages with private sector firms. I’m not talking about partnership for partnerships sake. I’m not talking about Corporate Social Responsibility or charity work. I’m not talking about photo opportunities. I’m talking about helping support the work of markets that can deliver profits and create opportunities for women, minorities and the poor. We must partner with the private sector much more deeply from the start, instead of treating companies as just another funding source for our development work. In short, we must embrace a new wave of creative, enlightened capitalism.” Rajiv ShahUSAID AdministratorGlobal Alliance for Clean Cookstoves:The Global Alliance for Clean Cookstoves is a new public-private partnership to save lives, improve livelihoods, empower women, and combat climate change by creating a thriving global market for clean and efficient household cooking solutions. The Alliance’s ‘100 by ’20’ goal calls for 100 million homes to adopt clean and efficient stoves and fuels by 2020. The Alliance will work with public, private, and non-profit partners to help overcome the market barriers that currently impede the production, deployment, and use of clean cookstoves in the developing world.mHealth Alliance:The mHealth Alliance (mHA) is positioned at the leading edge of the mHealth ecosystem as a convener to unite existing mHealth projects and guide governments, NGOs, and mobile firms to deliver innovative and interoperable solutions in this exploding field.Global Network for Neglected Tropical Diseases:The Global Network for Neglected Tropical Diseases raises the profile of neglected tropical diseases (NTDs) and builds support for control and elimination activities through our efforts to educate, advocate, catalyze, and convene. They highlight efforts underway in the field, and connect global players and afflicted communities to increase access to vital medicines that can stop these illnesses and lift the world’s poorest people out of poverty . GAIN: The Global Alliance for Improved Nutrition (GAIN) is an alliance driven by the vision of a world without malnutrition. Created in 2002 at a Special Session of the UN General Assembly on Children, GAIN supports public-private partnerships to increase access to the missing nutrients in diets necessary for people, communities and economies to be stronger and healthier. The Rainforest Alliance: The Rainforest Alliance works to conserve biodiversity and ensure sustainable livelihoods by transforming land-use practices, business practices and consumer behavior. The Rainforest Alliance believe that the best way to keep forests standing is by ensuring that it is profitable for businesses and communities to do so. That means helping farmers, forest managers and tourism businesses realize greater economic benefits by ensuring ecosystems within and around their operations are protected, and that their workers are well-trained and enjoy safe conditions, proper sanitation, health care and housing. Once businesses meet certain environmental and social standards, they are linked up to the global marketplace where demand for sustainable goods and services is on the rise.Every Woman Every Child:It is an unprecedented global effort that mobilizes and intensifies international and national action by governments, multilaterals, the private sector and civil society to address the major health challenges facing women and children around the world. The effort puts into action the Global Strategy for Women’s and Children’s Health, which presents a roadmap on how to enhance financing, strengthen policy and improve service on the ground for the most vulnerable women and children.HERProjectHERproject catalyzes global partnerships and local networks in emerging economies to improve female workers’ general and reproductive health. Partners include eight multinational companies, 30 factories, eight local organizations, and multiple clinics, hospitals, and public-sector population and health departments. Extractive Industries Transparency InitiativeThe Extractive Industries Transparency Initiative (EITI) is a coalition of governments, companies, civil society groups, investors and international organizations that aims to improve transparency and accountability in the extractives sector. EITI supports improved governance in resource-rich countries through the verification and full publication of company payments to and government revenues from the oil, gas and mining sectors.
I would like to talk to you about the biggest Global Industry, Energy. Fundamental to just about everything. Highly regulated and both investor and government owned. The reason I am going to show you this material is that it represents a great opportunity for Universities and particularly business tools on a huge scale. Energy is going through a radical transformation. There‘s not enough of it, there are growing demands on it and it is going from a central distribution platform to a non-centralized model, where everyone can produce, buy and sell energy, just like what happened to the computer industry. And it is one area where GW‘s business school has been active in both the teaching and in placing of students in jobs.Why energy? Well being in a town with a University which has many of the levers to affect this business, regulatory, funding policy, tax, pricing,emissions.Dean Guthrie and I figured out pretty early that this was a place we could really play. And Univertities and Business schools in particular, need to pick where to play. So this is part of our plan.And remember that power generation is the single bîggest source of carbon emissions, in the US and China.These slides are courtesy of my friend at Bloomberg New Energy Finance.He wasa dot com investor before. Then I saw him talking about clean energy. I was stunned to see how he had retooled himself for an even bigger opportunity. The business was sold to Bloomberg a few years back.
GOOD
ML – is this how you wanted the click through? I can re-work it in the morning if not.
Talking PointsThe demand for academic offerings in sustainability is clear…(read slide)My colleagues on campusesare confident from the messages that students are sending, that the demand is ripe on campuses.
Talking PointsThe sustainability profession has grown in the past 50 years alone, and will continue to increase in more exponential way.Background“As part of a recent GreenBiz Intelligence Panel survey, we asked what year companies created their first full-time sustainability position. Figure 2 shows a rise in the number of companies adding full-time sustainability roles.On the surface, this appears to be an encouraging sign — the classic “hockey stick” of accelerating growth. It took eight years between 1995 and 2003 for the number of companies with a full-time sustainability resource to double (from 30 to 60). It took fewer than five years to double again to 120 by 2008, the first year the Carbon Disclosure Project published corporate emissions data for more than 1,500 global companies. Two years later, more than 240 companies dedicated at least one person to focus full time on sustainability.Like entrepreneurial presentations to venture capitalists, hockey-stick graphs don’t always tell the full story.” Source: GreenBiz State of the Profession 2013
Talking PointsAmong the sustainability jobs, energy is a particular focus area. You can see here that across all industries, there is an opinion that energy managers are critical to their operations. These people need to understand energy markets, energy engineering, and business operations. Background“Corporations increasingly recognize the business need to more proactively manage their energy consumption, as well as to ensure reliable access to energy markets over the short to mid term. The number of companies that have a dedicated energy manager rose from 48 percent in 2011 to 52 percent in 2012. Figure 10 calls out which industries are dedicating resources to energy management. According to a recent report from Groom Energy, multiple factors are driving the need for companies to better manage their purchase and use of energy in their businesses. These include:1. large energy consumption and its relationship to utility peak usage, 2. pressure by customers and other stakeholders for reduced carbon emissions, and3. the need to identify no-cost behavior change energy savings opportunities as a means of improving operating performance.” Source: GreenBiz State of the Profession 2013
Talking PointsIt is clear that higher education – and business schools in particular - need to step up to the plate and deliver on the skills that employers need from graduates. If a graduate is going to work for (like Wal-Mart), consult (like Delloitte and Touche), or supply (like Unilever) a company that values sustainability, these are the skills they will need: This is according to senior sustainability executives in 33 multi-national companies.Background“Sustainability has been adopted by a number of organizations across the public, private and non-profit sectors. Candidates for these positions come from diverse educational and professional backgrounds including, but not limited to the humanities, social sciences, applied science, engineering, business, and health services. The common characteristic for sustainability professionals is that they tend to be disciplinary experts with interdisciplinary knowledge and cross-cutting skills in communication, problem-solving and leadership. To meet this rising demand, universities must prepare their students with the core sustainability skills and competencies required by these employers. This means that universities can no longer teach sustainability in the context of the 1987 Brundtland Commission Report, and must adapt to meet the needs of the marketplace. A report by the Center for Corporate Citizenship identified eight leadership competencies exhibited by successful sustainability practitioners - team-oriented, determined commitment, peripheral vision, strategic thinker, systems perspective, collaborative networker, influential communicator and change driver.” Center for Corporate Citizenship (2010). Leadership Competencies for Corporate Citizenship: Getting to the Roots of Success. Carroll School of Management, Boston College. “According to a survey of senior sustainability executives in 33 multi-national companies, professionals working in this field need to develop relevant skills and knowledge to make sound decisions at the intersection of business, environment and society. Apart from this, they also need to be able to influence without authority i.e. to communicate between stakeholders and translate knowledge into the language that is relevant to each unique audience. This requires 3 types of skills4:Inside out skills which refer to the conceptual, technical and behavioral skills necessary for success in day-to-day business management. These include business relevant technical competencies such as an understanding of business planning & project management, risk mitigation, accounting & finance, marketing, etc.Outside in skills assist an organization in understanding the major external factors that can currently impact or reshape its business strategy and operations. These include knowledge of global trends and public policy drivers, cultural understanding, improved listening and communication, etc.Traversing skills include a greater knowledge of the management of organizational and societal complexity, systems thinking, communication and negotiation skills, ability to create and manage social networks, etc. To help develop these skills, sustainability executives suggested action-based and applied learning experiences, as well as interdisciplinary teaching with collaborations between business, social science, science, design, and engineering programs as an important tool for helping students understand the implementation of sustainable development in business. The group also recommended that universities work with corporate advisors to further integrate sustainability into the curriculum4.” World Environment Center & Net Impact (2011). Business Skills for a Changing World: An Assessment of What Global Companies Need from Business Schools. World Environment Center.
Talking PointsGWSB alumni are working in jobs related to sustainability across various sectors. Some of these roles rely heavily on finance, others on marketing, and others on entrepreneurship.GE (In 2012, GWSB placed 6 students in GE’s sustainability group.)HSBCMars IncWal-MartEco LivingOPowerBackgroundOthers:Amy Skoczlas Cole, Vice President, Corporate Citizenship at Pentair Ltd. (http://www.sustainablebrands.com/digital_learning/event-video/making-reuse-cool-creating-abundant-and-sustainable-future)Angela Atherton, Vice President, Risk Management at Calvert Social Investment Foundation, IncSarah Truitt, Technology Deployment Manager Laboratory, National Renewable EnergySyed Abbas, Consultant,Sustainable Business Advisory - IFC, World Bank Group
This is my general list for an MBA student to be prepared to work in the Energy sector, based on experience of hiring and training people as well as current market demands. Again, this requires cross disciplinary and cross school work at GWU. All the pieces cannot be found just in the business school. And findig top professionals in these areas is somewhat difficult, even in Energy.
I spend a lot of time at other Universities, including Cambridge, Oxford, Imperial, UCL, etc., both looking at spinoffs but working with faculty and students in these areas. So I have a good idea about what others are doing.Everyone is trying to figure this out. At Oxford, my friend Martin Smith launched the Smith Scool of Enterprise and the Environment with Sir David King as the first head. Enterprise and the Environment since if Enterprise is not part of it, first, it is hardly sustainable, according to Martin Smith.For GW‘s Business School we figured out that a Business School lacks certain pieces to fully teach sutainability the way we think it should be taught. It might need some engineering courses, legal, urban planning, Intenational affairs, health sciences, even geography. The only way to do this is on a multidisciplinary basis. So that‘s how we will play things for the foreseeable future. We will work cross campus to build the courses we need to suit the demands of a truly relevant business enducation.
Talking PointsIn efforts to get recruits with the skills they need, companies are pushing for integration of sustainability into higher education. John Viera, the Director of Sustainable Business Strategies at Ford Motor Company, blogged on the needs. (John was appointed director of Sustainable Business Strategies in January 2007. Viera's prior position was chief engineer, Expedition and Navigator programs.) According to Bureau of Labor Statistics, environmental science jobs are expected to increase around 28 percent by 2018, and environmental engineering jobs are expected to grow 31 percent during the same period. This is because as companies like Ford set ambitious environmental goals and targets for their operations, it affects the workforce and the economy at large.At Ford, more than 1,000 engineers and PhDs are working on electrification, alternative fuels, sustainable materials, and other green facets of the industry – many of these jobs didn’t exist a decade ago.Additionally, Ford continues to invest billions in research, both in university funding and in its own research, to develop new fuel-efficient products, engines, transmissions and electrified vehicles. As these investments mature, green employment opportunities will only continue to grow, both in the auto-sector and across the economy at large.BackgroundOver the last decade, high school students enrolled in advanced placement environmental science courses has skyrocketed 426 percent nationally, more than four times the average increase of all advanced placement courses. The figures are similar in higher education. On average, the number of academic papers on sustainability has doubled every 8.3 years since 1974, according to a recent study from Indiana University.It’s not by accident that we’re finding heightened environmental literacy among recent graduates. It’s been 22 years since the passage of The National Environmental Education Act, which empowered the EPA to build environmental education initiatives. The first waves of students who have experienced these programs throughout the entirety of their educational career are just now entering the workforce.There’s also been a concerted push to further integrate sustainable development and environmental literacy in primary and higher education internationally. In the run up to the Rio+20 Summit, The UN is working with university leaders to establish a Declaration of Commitment to Sustainable Practices of Higher Education Institutions, which helps incorporate sustainable development concepts into core curriculums.Such programs couldn’t come at a better time. While the economy is stronger than it’s been in the past few years, it’s still hard to come by jobs that are both fulfilling and pay the bills; but those with a background in environmental studies are well positioned to find one. According to Bureau of Labor Statistics, environmental science jobs are expected to increase around 28 percent by 2018, and environmental engineering jobs are expected to grow 31 percent during the same period.Again, I see these numbers reflected on factory and lab floors. While automotive engineers still focus on performance, capability and driving fun, an engine’s defining feature is now the distance it can go on a tank of gas rather than the power it can unleash on an open track. By 2020, Ford expects 10 to 25 percent of its global sales to be derived from electrified vehicles (hybrids, plug-in hybrids and full electric vehicles). Already, around one-third of Ford’s vehicle lines offer a model with 40 miles per gallon or better.When businesses set goals around sustainability, the impacts extend beyond the environment: they change the contrast of the workforce and economy at large. At Ford, more than 1,000 engineers and PhDs are working on electrification, alternative fuels, sustainable materials, and other green facets of the industry – many of these jobs didn’t exist a decade ago.Additionally, Ford continues to invest billions in research, both in university funding and in its own research, to develop new fuel-efficient products, engines, transmissions and electrified vehicles. As these investments mature, green employment opportunities will only continue to grow, both in the auto-sector and across the economy at large.While a company’s green product offerings are usually what gain the most attention, they’re only made possible by culture shifts at the corporate level. This is why I’m pleased to meet, with increasing frequency, MBA students with a more holistic perspective of business. Net Impact, a leading association of sustainability professionals, released a report titled Business as Unusual, which serves as a guide to green MBAs across the country. The report noted that 83 percent of students who attended these programs felt prepared to pursue their interest in social/environmental issues and responsible leadership.Certainly, our educational system requires serious work and additional support, but let’s gives credit where it’s due: Our schools and teachers have instilled in younger generations an unprecedented appreciation for the environment. This is good news for several reasons: companies working to green their business and capitalize on the opportunities afforded by the green economy have access to a growing pool of qualified candidates. But most importantly, a sustainable future will only be possible as new generations understand the complexities of sustainable business.
Talking PointsA few institutions have degree offerings in sustainability…Example - ASU: The School of Sustainability offers bachelors, masters and PhDs in Sustainability.Warwick – Offers an Energy MBA…However, most institutions offer interdisciplinary programs through joint/dual degree offerings.Example - UMich: The Erb Institute for Global Sustainable Enterprise offers the dual MBA/MS Program in Global Sustainable Enterprise together with the Ross School of Business and the School of Natural Resources and the Environment.Example - Stanford: The Emmett Interdisciplinary Program in Environment and Resources offers two degrees: the PhD in Environment and Resources and the Joint Masters of Science in Environment and Resources. The Joint MS is an option exclusively for students currently accepted to or enrolled in a professional degree program in the Graduate School of Business, Stanford Law School, or School of Medicine. Most universities do not actually offer sustainability degree programs through the sustainability institutes. However, the institutes serve as the online clearinghouse for all sustainability related courses offered throughout the university. All sustainability related courses are branded through the institutes, which increases the visibility of these courses.Example - Cornell: The David R. Atkinson Center for a Sustainable Future provides a comprehensive and updated list of sustainability courses offered across the university Example – UMich: The Graham Environmental Sustainability Institute states on its website that one of its goals is “to increase student awareness of sustainability related courses.” It offers a searchable database of all sustainability-related courses offered across the university.We had to figure out where the university could play and how. Do we do a aschool? If so what does it teach? Do we work cross campus in an interdisciplinary fashion.Can we get some options to do this and then maybe something bigger as we figure it all out?Take advantage of our location, connections with Government and previous work in the area.
Talking PointsSustainability is about sustaining resources for the long-term. These global trends forecast a changing worldGW is positioned to help address the long-term viability of our world and its resources even more effectively. We are looking to provide: Better training for our students, More cutting-edge research, Actions on campus that are aligned with our vision, and To share this knowledge with practitioners through outreach
Talking PointsIn its day-to-day practice, GW is making strategic commitment to address its own footprint. GW is deploying energy efficiency and renewable energy solutions to reach carbon neutrality.The university is also managing its water (both consumption and urban rain water run-off) with a watershed approach.Finally, the university has issued commitments to help enhance local and global ecosystems ranging from gardens on campus to sustainable paper procurement.
Talking PointsGW has a strong track record of translating knowledge into policy and solutionsPlanet Forward – led by Frank Sesno in our School of Media and Public Affairs – provides innovative media coverage of sustainability solutions with contributions from citizens around the country and the worldGW will be hosting the Clinton Global Initiative University this spring, bringing together students from around the world to address global challengesGW hosted the first GreenGov symposium to green the federal government and our faculty were key contributors. We are looking to raise all boats in our local region and in our country. GW partners with local government to strengthen our city’s sustainability, and thus our own, e.g. Policy GreenhouseGoing forward, GW will focus on informing policy with sustainability solutionsBackgroundPlanet Forward points:Final count shows 3 million impressions of Twitter hashtag #gwmoving during April 2012 GW Innovation Summit (for context, a National Press Club event featuring Alec Baldwin had 400,000 impressions).Planet Forward continues to provide weekly features on Bloomberg West profiling innovators in the sustainability sector, featuring GW faculty and branding. GW with Arent Fox co-hosted an Energy Policy Forum in June 2012 featuring U.S. Sen. Lisa Murkowski, R-Alaska, and U.S. Department of the Interior Secretary Ken Salazar.In September 2012 Planet Forward hosted a salon on hydraulic fracturing in partnership with GW School of Public Health and GW Law School. PlanetForward.org has 50,000 average monthly views for FY12, more than double that of FY11. The site now has 8,000 members and has collected 1,500 sustainability ideas.
Talking PointsGW is looking to build on its current strengths (law, governance, health, solar, urban sustainability), foster collaboration internally amongst researchers in different disciplines, and build out new offerings in emerging areas (food, water, ecosystems, technology)We think the key to competitiveness is to focus 20% of our resources on creating new sustainable technologies, and 80% of our resources on translating science into solutions and policyBackgroundGW Solar InstitutePremier research facility focused on the economic, technical, and public policy issues associated with the development and deployment of solar energy to meet global energy needs and environmental challengesLegal framework for solar energy - LeRoy Paddock, Law SchoolEconomic incentives of government and private sector investors in deployment of solar energy infrastructure – Ken Zweibel, Columbian College of Arts and SciencesUrban SustainabilityThe intersection of urban ecology, engineering, and environmental policy and planning to identify trends in in green-building policy – Melissa Keeley, GeographyWater and Decision MakingEvaluate the influence of preferences concerning adoption of low-impact development on reduction of stormwater runoff – Royce Francis, EngineeringPublic HealthEnvironmental health risks and solutions including impact of environmental contaminants on male reproductive function – Melissa Perry, School of Public Health and Health Services
Talking PointsGW has evaluated the opportunity to develop sustainability as a discipline (e.g. as a school), or not. We have decided it best to support and enhance the sustainability offerings throughout the traditional disciplines, because sustainability is an interdisciplinary topic. We decided strategically to infuse it across the different disciplines.GW offers undergraduate degrees that related to and/or focus on sustainability…
Talking Points…(continued from previous slide) and graduate degrees that relate to and/or focus on sustainability.
Talking PointsAs a result, we are building pan-university curriculum that will enable any student from any disciplines to learn about sustainability.GW is well-positioned to offer second degrees for both undergraduates and graduates in all schools, through an exciting trans-disciplinary, pan-university approach.The second degree is available to anyone at GW and will encourage sustainability “literacy” throughout the schools.In Fall 2012, GW launched a new 18-credit Undergraduate Minor in Sustainability, which begins with a groundbreaking interdisciplinary, team-taught introductory course, and culminates in an experiential learning experience such as field work, an internship and so on.We will be offering other “second degrees” in the future.BackgroundGW students with any major can choose to enroll in a new undergraduate sustainability minor starting fall 2012.200 students attending the Sustainability 1001 class68 of which are declared minorsMore than 100 undergraduate green leaf courses
Talking PointsThe GW School of Business provides curricular opportunities for students to add sustainability to their business education. GWSB provides concentrations, certificates, and specific degrees related to sustainability and responsible management. Additionally, GWSB students can build on these concentrations in sustainability with joint degrees. Such jointmasters degrees offer opportunities in sustainability by allowing students to complement their MBA with interdisciplinary study.There are 3 dual degree programs within GWSB itself.GWSB also offers 1 dual degree program with GW’s Law School (which offers a concentration in environmental law), and dual degree options with all 10 Masters programs offered by the Elliott School of International Affairs.
Talking PointsNot only do we provide opportunities for MBA to have joint-curricular experiences, but we have experts in the business school who help us hone in on specific sustainability focus areas.Dr. Griffin’s research interests include global and multi-domestic CSR, industry-level CSR, stakeholder strategies and managerial discretion.
Talking PointsNot only do we provide opportunities for MBA to have joint-curricular experiences, but we have experts in the business school who help us hone in on specific sustainability focus areas.Dr. Rivera’s current research interests focus on the relationship between business and the natural environment, business responses to environmental policy in the US and developing countries, and the drivers of environmental technology innovation.
Talking PointsNot only do we provide opportunities for MBA to have joint-curricular experiences, but we have experts in the business school who help us hone in on specific sustainability focus areas.Dr. Forrer’s area of expertise includes Corporate Responsibility and Global Governance, Public-Private Partnerships, Governance Networks , Globalization, Business and Peace.Recent Presentations:“A Path to Conflict-Free Chocolate” ICR Live Webcast, April 26, 2013“Tackling Global Food Crises” The World on a Plate, April 23, 2013, George Washington University.“Repositioning P3 Financing for Public Infrastructure” Meeting of the Board on Infrastructure and the Constructed Environment (BICE), National Academy of Sciences, April 16, 2013“Global Governance Networks” Uncommon Alliances, Conference co-sponsored by U.S. Department of State, June 15, 2012.“The Power of Collaborative Partnerships” United Nations Youth Assembly, United Nations, December 7, 2012
Talking PointsThe Global Solutions Partnerships (GSP) model was developed at the Institute for Corporate Responsibility (ICR) at the George Washington University to facilitate multisector collaborations. It was developed to facilitate a partnership between Ford Motor Company and the US Department of State. GWSB’s Institute of Corporate Responsibility has spent the last several years engaged in a deep relationship with the Ford Motor Corporation on designing its strategy for sustainability in emerging markets. The key test case has been rural India, where Ford launched a project using its vehicles to sustainably deliver medical care for rural citizens.
Talking PointsGWSB’s Center for Real Estate and Urban Analysis (CRUEA) is also focused on sustainability—in the area of urban development. Professor Chris Leinberger, Director for CRUEA is a former Brookings Senior Research Fellow and expert in sustainable urban development. His studies of walkable urban development in Washington DC and Atlanta have garnered media attention from the New York Times, Washington Post, and the Wall Street Journal.
Talking PointsWe have also spent a significant amount of time building our relationships with key corporations around the world. The Ford case has already been mentioned. We have also build a deep relationship with GE and have become one of the target recruitment schools for GE’s sustainability track. In 1012, GWSB placed 6 students in GE’s sustainability group. DuPont Fabros is one of the most important data center companies in the world, and deeply engaged with GWSB on its development strategy. DuPont has also been connected to GWSB, as former Chairman and CEO, Chad Holiday, spent a year as Executive in Residence at GWSB in 2010-11.
Talking PointsGWSB has also laid out an ambitious China strategy, which involves a major deal with the Suzhou Industrial Park Commission, one of the most environmentally conscious industrial areas in China. GW was also recently named as the inaugural educational partner in the Fortune Global Summit, held in Chengdu in 2013.What are companies doing in China? China growth – energy, urbanization, environmental degradation, focus on cleantech, sustainable development, investments in africa, corporate responsibility requirements for Chinese companies outside of ChinaPartnership with other International Universities, e.g. Urban Sustainability in Capital Cities.
Talking PointsSeveral George Washington M.B.A. students have played an integral role in helping Mayor Vincent Gray deliver a five-year economic plan that is expected to create 100,000 new jobs and rake in $1 billion in new revenue for the District. 7 students from GWSB conducted interviews and analyses to aid in developing a five-year plan for the District’s growth. The plan focuses on six visions: Creating a business-friendly economy; Growing the largest technology center on the East Coast; Being the nation’s “destination of choice;” Ending retail leakage, or when District residents spend money outside the District; Developing a global medical center; and Becoming the top North American destination for foreign investors, businesses and tourists.
My ideas of the plan.For us , Energy, Urban Sustainability are areas where we can play given who we are. Obviously we are not going to play well in Forestry or advanced PV research.