No. 212 Rome Street, in Newark, New Jersey, used to be the address of Grammer, Dempsey & Hudson, a steel-supply company. It was like a lumberyard for steel, which it bought in bulk from distant mills and distributed in smaller amounts, mostly to customers within a hundred-mile radius of Newark. It sold off its assets in 2008 and later shut down. In 2015, a new indoor-agriculture company called AeroFarms leased the property. It had the rusting corrugated-steel exterior torn down and a new building erected on the old frame. Then it filled nearly seventy thousand square feet of floor space with what is called a vertical farm. The building’s ceiling allowed for grow tables to be stacked twelve layers tall, to a height of thirty-six feet, in rows eighty feet long. The vertical farm grows kale, bok choi, watercress, arugula, red-leaf lettuce, mizuna, and other baby salad greens.
The Sustainable Development Goals read like the best-intentioned New Year’s resolutions: End poverty; promote peace and justice; cooperate and partner with others for the greater good; and so on. Makes you wonder if the resolutions will stick.
Yet corporations that have begun to pursue the SDGs see business advantages unfolding that will reap benefits in 2017 and beyond. They are expanding markets, attracting talent and eliminating some risk from operations.
Microsoft, Google, Unilever, Tata, Siemens and others are seeing expanded markets, new recruits and risk reduction. Learn more >>
Texas grid operator Electric Reliability Council of Texas announced that wind electricity generation hit a new peak record and represented approximately 45% of total electric demand, topping 15,000 MW for the first time.
A new report by the Ellen MacArthur Foundation and the United Nations Conference for Trade Development (UNCTAD) has found that adopting circular economic principles would put India on a path to positive regenerative and value-creating development with annual benefits of US $624 billion in 2050 compared with the current development — equivalent to 30% of India’s current GDP.
“Traditionally, the Indian economy has been one where reusing, re-purposing and recycling has been second nature. In a world that is increasingly running out of natural resources, this thinking is an asset that must be leveraged by businesses, policymakers and citizens in an organized manner and expanded to include other elements to make the economy truly circular,” says Shankar Venkateswaran, chief of Tata Sustainability Group.
As a result of unprecedented economic dynamism and a rapidly expanding population, India — which is slated to become the fourth-largest economy in the world if current economic growth trends continue — faces significant questions about urbanization, resource scarcity and high levels of poverty, and will be required to make profound choices regarding the path to future development.
The emerging powerhouse market could embark upon an industrialization path comparable to that of mature markets — albeit faster — complete with all of the associated negative externalities it entails. But this scenario is not inevitable. With its young population and emerging manufacturing sector, the country is well positioned to make systematic choices that would put it on a trajectory towards positive, regenerative and value-creating development.
Burlington, Vermont — home to the University of Vermont and our beloved Sustainable Entrepreneurship MBA (SEMBA) — recently earned the distinction of being the first city in America to draw 100 percent of its power from renewable sources.
It is the same ethic that drives SEMBA to educate and launch the next generation of leaders who will leverage business to solve the world’s most pressing economic, environmental, and social challenges.
Scientists have managed to make a synthetic process that converts CO2 into organic compounds faster than plants.
In a study published in Science, the researchers detail how they managed to make a synthetic pathway that converts CO2 into organic compounds faster than plants. In order to find an enzyme to improve CO2 fixation, the researchers carefully selected 17 enzymatic compounds from nine organisms. These were engineered together using stepwise optimization to form a synthetic pathway that converts CO2 into organic molecules.
The technology is still under development, but holds great promise for carbon fixation.
EDITOR’S NOTE: This article was previously published on Impakter.com. It was written by Jason Wiff, a member of the SEMBA Class of 2017
With the introduction of the United Nation’s Sustainable Development Goals, we are faced with the challenge of implementing these goals into the way we live, impact communities and use business as a catalyst for change. Stuart Hart, one of the world’s leading experts of sustainable enterprise explains his framework for making these changes a reality. This interview has been edited for clarity. Highlights of our conversation are below.
What is your definition of business sustainability?
Stuart Hart: There can be sustainability at many levels. Business sustainability provides functionality that make[s] people’s lives better in ways that are inherently cleaner or regenerative. You’re able to serve and uplift many people in the world, not just a few. Business sustainability has two components: environmental sustainability, social sustainability and financially to propel business forward.
This post was written by Chris Howell, a member of the SEMBA Class of 2017.
One of SEMBA’s more impressive elements is the program’s direct connection to so many innovators in the discipline and practice of sustainable entrepreneurship. From our well-connected advisory board to the steady stream of speakers from a range of industries, our network grows by the week.
This week, we had the pleasure of attending a talk and class with Michael Russo, professor of Sustainable Management and head of the Department of Management at University of Oregon’s Lundquist College of Business.