Sustainability

Over the last few decades, society has started to take on some of the environmental problems caused by industrialization. But sometimes solving one problem creates or aggravates another. Yale environmental chemist Paul Anastas argues that managers who take a systemic approach to sustainability are needed to create lasting solutions.

Modeling the economic consequences of climate change is difficult, uncertain work. In addition, any result is sure to be subjected to political attack. For decades, Yale's William Nordhaus has been developing models that can inform policy decisions.

Green tech investors want to put their money behind firms with the potential to disrupt their industries and bring both positive environmental impacts and financial success. But what’s disruptive is by its nature unprecedented and unpredictable. How do investors assess the potential of a green technology company?

Sustainability leaders often have to interact with a wide range of stakeholders with varied interests and incentives. They need to figure out the best way to engage, communicate, prioritize, and implement—in other words, to persuade. According to a panel of sustainability executives, that can mean sidestepping the language and baggage of sustainability entirely.

Does sustainability clear the fiscal hurdle? Yale Insights talked with Kurt Kuehn, chief financial officer for UPS, about how he evaluates sustainability initiatives in the face of a fast-changing and complex global market.

In a New York Times op-ed, Professor Robert Shiller writes that efforts to prepare for climate change should include the use of private institutions of risk management, such as insurance and securitization, to share risk and smooth the unpredictable effects of future disasters.

The idea of “green banks”—public lending institutions designed to help finance private clean energy projects—has been around for a while, but states have recently begun establishing their own versions. With the federal government slow to innovate in the sector, state officials are hoping to provide crucial support for clean energy and spur economic growth. But to work, green banks require a rethinking of the nature of the private-public relationship.

Problems like climate change, resource depletion, and pollution can seem so large as to be beyond the capacity of any individual person, or even corporation, to address. Peter Bakker, president of the World Business Council for Sustainable Development, argues that business leaders can take a first step by incorporating sustainability concerns into how they think about risk management.

Perhaps the strongest argument for environmental sustainability within an organization is that it is critical to the mission. Deputy Assistant Secretary of the Army Richard Kidd ’93 explains why strategic thinking about sustainability is essential for the military.

Anupam Bhargava, CEO of Clearwater Systems, discusses the role of cleantech in ensuring a sustainable water supply.