Heads up for everyone on this issue. Next week, Carlyle will be announcing the launch of a joint venture with the Environmental Defense Fund and an engineering firm, The Payne Firm, called an EcoValuScreen, that uses environmental metrics to evaluate acquisitions and how sustainbility reforms can be put in place to drive value in their porfolio.
It's a clear sign of the move from "leverage" to "environmental management" as a driver of value in the business world. It's actually quite a revoluionary change in its own right, and goes far beyond the fringe stuff KKR has been doing over the last year. It's signficance to the sustainable business movement...if the tool proves as useful in practice as it is in theory...can't be understated. Pension Funds have been pushing for this, and now it's happening.
Stay tuned...I'm helping to coordinate work on this so if anyone is interested, you can contact me directly.
Jon Entine | 513.319.8388
On Mar 12, 2010, at Mar 12, 2010 10:44 AM, Paul Shrivastava wrote:
John
Thanks for sharing this info. I am passing it around here to the right people.
Could you share your course outline on "Sustainable Finance". Our Centre is coordinating a dialogue on this very topic with financial services professionals. Clearly the Finance function is at the heart of enterprise sustainability. We are struggling to identify what questions are important to ask and how to ask them of a discipline that has deep assumptions about the nature of humans, firms, markets, economies, so different from folks in the sustainability sciences. You may want to also check out The Finance Lab initiative at
http://thefinancelab.ning.com
Paul
On Mar 12, 2010, at 12:00 AM, ONE-L automatic digest system wrote:
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Date: Thu, 11 Mar 2010 15:02:48 +0000
From: "John L. Cusack" <johnlcusack@ATT.NET>
Subject: Re: Paul - You are mentioned in this posting
Paul:
Another meeting that might be a good match to bring business school people together across disciplines is the Northeast Campus Sustainability Consortium (NECSC) annual conference, which will be held at McGill Univeristy in Montreal in the Fall 2010 (I believe late October).
Kathleen Ng, Sustainability Coordinator at McGill (kathleen.ng@mcgill.ca) is organizing this conference, which brings together campus presidents, sustainability directors, managers, VP's, faculty and students from a wide numbers of schools from Canada through the Mid-Atlantic states. There is a website for NECSC buried in Yale's sustainability office website, as Julie Newman, head of the sustainability office at Yale, is the organizational coordinator of NECSC, which has monthly phone calls between annual meetings. Each school that hosts a conference usually also has a NECSC weblink, and Katherine NG has posted one for the McGill 2010 NECSC conference (website below).