Decarbonize Norway’s sovereign wealth fund
in this year’s Business for a Better World MBA case competition
in this year’s Business for a Better World MBA case competition
Team registration is now open for the third-annual
CK-Schulich Business for a Better World case competition, a partnership between
Corporate Knights magazine and York
University’s Schulich School of Business.
With
a prize pool in 2015/2016 of $10,000, the final round of this MBA competition
will see three top teams present their case analysis in front of a live panel of
high-profile judges in Davos, Switzerland, coinciding with the World Economic
Forum in January.
Student
teams will be asked this year to decarbonize the holdings of the Norway
Government Pension Fund Global, the largest sovereign fund in the world with a
value of $940 billion (USD). Managed by Norges Bank Investment Management, the
fund is commonly referred to as The Oil Fund because it has been built from the
surpluses of Norway’s petroleum income. Teams will have four key objectives:
- Minimize the carbon footprint of the fund;
- Reduce risks that might strand assets;
- Maximize returns and engagement impact with companies;
- Position the fund to thrive in and drive a world that does not exceed an average 2-degree temperature increase.
“With
our first two competitions, teams were asked to broadly improve the
sustainability performance of a case subject. This year, apropos to the lead-up
of the Paris climate summit in December, we’re taking a different approach
targeted strictly at carbon,” says Tyler Hamilton, editor-in-chief of Corporate Knights. “The case subject
will be a sovereign fund worth nearly a trillion dollars. The MBA team that can
show the best returns with the lowest portfolio carbon footprint will take the
top prize, and send a strong message to investors around the world.”
For
more details or to register a team, visit http://www.corporateknights.com/affiliates/2016contest/
The
registration deadline is October 16. Case details will be released on October
2, so teams that register early will have an advantage.
Contacts:
Toby
Heaps, CEO, Corporate Knights, toby@corporateknights.com
Dirk
Matten, Professor, Schulich School of Business, DMatten@schulich.yorku.ca
Julia
Shtopel, Schulich MBA student and event organizer, julia.lev1103@gmail.com
About Corporate
Knights Inc.
Founded
in 2002, Corporate Knights Inc. is a Toronto-based media, research and
financial products company focused on clean capitalism. Corporate Knights, the company’s quarterly magazine, was named
“Magazine of the Year” in 2013 by the National Magazine Awards Foundation. It
is distributed in Canada as an insert inside the Globe and Mail and in the
United States inside the Washington Post. With a circulation of more than
120,000, Corporate Knights is one of
the most widely read publications devoted to business and sustainability
issues. Corporate Knights Inc. is proud to be a certified B Corporation. Visit:
www.corporateknights.com
About the
Schulich School of Business
Known
as Canada’s Global Business School, the Schulich School of Business is ranked
among the world’s leading business schools by a number of global surveys.
Schulich’s MBA program has been ranked #1 in the world by the Aspen Institute
and on the Corporate Knights Global Green MBA Ranking. In Canada, the school
has been ranked #1 by Forbes, The Economist and others. The Schulich School is
based out of Toronto's York University. Visit: www.schulich.yorku.ca
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