Sustainable Innovation in Review

 An occasional curation of sustainable innovation and business transformation news, postings, et cetera…

Greener companies outperforming their peers?

Companies sourcing renewable electricity outperform their rivals financially, according to a new report released Tuesday from RE100, the initiative from the Climate Group that encourages firms to commit to using 100 percent renewable power.

Virgin Atlantic flies the first ever commercial flight using sustainable jet fuel

Over at the Virgin blog, Richard Branson informs us that Virgin Atlantic has completed the first ever commercial flight using LanzaTech’s innovative new sustainable aviation fuel.

Appalachian Ohio could get a giant solar farm, if regulators approve

Appalachian Ohio, a region hurt by the decline of coal, may become home to one of the largest solar projects east of the Rockies.

How tech is turbocharging corporate sustainability

At the recent Global Climate Action Summit (GCAS) in San Francisco, 21 companies, including Bloomberg, Cisco, Hewlett Packard, Lyft and Salesforce, announced the launch of the “Step Up Declaration,” a new alliance dedicated to harnessing the power of emerging technologies to help reduce greenhouse gas emissions across all economic sectors.

The State of Sustainable Business 2018

BSR and GlobeScan have released “The State of Sustainable Business 2018,” an interesting insight into the world of sustainable business and identified common perceptions and practices of corporate sustainability professionals.

In addition to measuring shifting priorities and challenges in corporate sustainability, this year’s survey presented a unique opportunity to understand how business is responding to the changing social landscape.

To hone in on actions of companies within the sustainable business community, this year’s data draws from the responses of one sustainability practitioner at each of 152 BSR member companies who participated.

The survey results can be viewed and downloaded here.

Using Design Thinking to Build A Better World

This post was written by Ian Dechow ’18 and Randy Baron ’18

Entering Kalkin 110 on a particular mid-April day was unlike any day before it; a lively if not curious environment awaited inside the classroom.

Against the auditorium style seating a table was set up and laid out with what could be confused as the tools from Dexter’s laboratory, a motley assortment of pliers, saws, metal files, and safety goggles were spread over a black tarp. On a second look around the room you notice a type of pinball style launching devices affixed to the front desk, a ping pong ball loaded into its cartridge, aimed at narrow vertical strip of peg board. On the ground in front of the desk beyond the pegboard barrier were two lines of tape outlining what we would come to learn was a landing strip of sorts. We were not sure what to think of this odd display as we took our seats, but were quickly informed by the excited and jovial explanation from Mike Rosen, our guest lecturer for the day.

Mike, an engineer and Research Associate Professor at University of Vermont, had come to the Grossman School of Business to teach a workshop on Design Thinking for The Sustainable Innovation MBA 2018 cohort. Mike, after telling us a little about his background, passed out an eclectic set of supplies to the pre-divided teams and told use what the challenge for the class would be. Using the launcher at the front of the room, the tools, and materials provided: pegboard, small metal sheets, PVC piping, ping-pong paddles, and various other connector type elements, we were to construct a device to divert a ping-pong ball around, over, or through the vertical pegboard barrier and land within the landing strip on the ground designated by red tape. Each team after understanding the challenge would get opportunity to ideate, prototype and test a device in order to achieve the unconventional task.

Continue reading “Using Design Thinking to Build A Better World”

California’s Solar Shift: Progress, and Some Challenges

This post was written by Ben Hastings ’18

Arguably, California is the country’s leader in climate action, with an ambitious goal of deriving 50 percent of the state’s energy from renewable sources by 2030. The state is on its way to achieving 33 percent by 2020 and just made a huge step toward making its goal a reality.

In 2 years, all new homes built in the state will be mandated to either have solar panels installed or be hooked up to shared solar panels that power a grouping of the new homes. New home buyers will have the option to purchase the panels outright where they are included in the price of the home or can be leased. The increasing amount of solar energy to be included in the energy mix is sure to help achieve the state’s aforementioned energy goals, but the requirement for new home owners to purchase rooftop solar has the potential to surface unintended consequences.

The requirement is expected to add $8,000 to $12,000 to the cost of a home. In a state where affordable housing is hard to come by, this mandate certainly would not help that issue. What about those who can’t afford solar?  It’s an interesting problem, as moving towards a renewable energy future is critical, but yet some will not be able to contribute to this shift. Companies like Tesla have acknowledged this issue and made it clear that they are working to make their products affordable for all but say that they must achieve adequate economies of scale before that dream can become a reality.

“…the requirement for new home owners to purchase rooftop solar has the potential to surface unintended consequences.”

Also, households that don’t have access to smart energy technology in the state could potentially be left in the dust once the new rate structure hits the state next year. Utilities will charge energy customers based on what time of day they use electricity, making it difficult for those without access to this information to know if they are using their electricity most efficiently. The energy supply does not equal demand at many points in the day, and those that have batteries, like the Tesla Powerwall, will be able to store energy until when it could be most effectively utilized. Until these technologies are affordable enough to become a part of more households, consumers may not be seeing the full savings possible from solar. Is now the time for a mandate such as this one, or should technologies that further enhance solar efficiently be developed further?

For further reading:

https://www.nytimes.com/2018/05/09/business/energy-environment/california-solar-power.html

https://www.tesla.com/blog/master-plan-part-deux

Practicum Scope Pitch Day!

The Sustainable Innovation MBA Class of 2018 is entering the home stretch.

On May 11, the cohort, faculty, and sponsoring companies gathered on UVM’s campus for what has become an inspiring demonstration of how the students have “put it all together.” Students spent the day “pitching” the scope and framework of their practicum projects — a capstone of The Sustainable Innovation MBA experience. Practicums call upon all the skills, insights, experiences, and learning the students have acquired over the past nine months.

The three-month practicum project is a full-time, hands-on experiential engagement with either existing companies or new ventures from the US and around the world focused on real challenges and opportunities in sustainable entrepreneurship. Practicum projects are composed of teams of 2-3 Sustainable Innovation MBA students each. Projects run from May until August, and culminate in a final report and presentation right before graduation.

Students pitched scoping for projects at companies such as Keurig Green Mountain, Griffith Foods, Essilor, Seventh Generation, and Caterpillar.

The deliverable for the practicum is a detailed and comprehensive business/action plan for the host organization.

Biomimicry: Learning from Nature’s Innovation

This post was written by Julia Lyon ’18

On a day in April, The Sustainable Innovation MBA students started a particular morning considering the question: What is your favorite organism? With answers ranging from sea turtles to willow trees, to ants and fungus, we began to explore the organisms in nature that intrigue and inspire us.

Mike Dupee, Lecturer in The Sustainable Innovation MBA program and a Certified Biomimicry Professional, introduced us to biomimicry, which is the innovation approach centered on the “conscious emulation of nature’s genius.” As humans strive towards innovation – doing things faster, better, more creatively, and at lower cost – looking more closely at the natural world around us shows that this is one of the oldest processes on the planet. The plants, animals, and microbes that have survived the 3.8 billion years of our planet are the ultimate innovators and as businesses seek to solve problems and develop new strategies, there is much that can be learned from them.

“There are three core concepts of biomimicry: Emulate, Reconnect, and Ethos.”

There are three core concepts of biomimicry: Emulate, Reconnect, and Ethos. Emulation means that biomimicry is centered on learning from nature, not just copying it. Nature’s design can be learned from and adapted, and biomimicry is not simply using an exact design copy as found in nature. Reconnecting is based on the notion that biomimicry in practice will be better if you have a connection with nature and a relationship with the environment. Ethos asks the simple question: what kind of work is worth doing? This is our respect for the environment and the responsibility to our fellow species. Biomimicry in practice also centers on six central life principles that are lessons from nature based on design. These range from being resource efficient to adapting to changing conditions.

There are many fascinating examples of how businesses have used biomimicry to create innovative designs. One such example is Sharket Technologies, which was created when the U.S. Navy was in search of a solution to prevent aquatic life from attaching to ship hulls; the only solution that had been found thus far was a toxic paint. It was realized, however, that sharks do not have the same problem of organisms attaching to their skin and researchers took a closer look at sharkskin under a microscope. It was found that the shape and pattern of sharkskin made it resistant to algae and barnacles attaching themselves. This insight was developed into a special material that has been used to create a commercial coating for boats as well as sterile surfaces for hospitals and laboratories that reduce bacteria growth.

During the workshop, student groups were given different organisms with innovative features to examine and design potential commercial uses. With organisms like the nautilus, red pine, and the abalone, and students designed eco-friendly adhesives for snowboard manufacturing, fire-retardant clothing, and sturdier bike helmets.

Though biomimicry is not a new concept, its approach can be applied to help solve sustainability challenges and improve life on our planet for generations to come.

Innovator-in-Residence: Donald Reed

This post was written by Kevin Hoskins ’18

As part of the Innovator-in-Residence series, Donald Reed recently visited the 2018 cohort of The Sustainable Innovation MBA program. Reed is currently a managing director in PwC’s (PriceWaterhouseCoopers) sustainable business solutions practice. Reed is also a member of The Sustainable Innovation MBA’s Advisory Board.

Reed got his start in advocacy and grassroots work in Michigan. He discussed the evolution of his thinking from an “us versus them” mentality (environmentalists versus business) to understanding business’s role in society (and the part that sustainability-minded professionals can play).

Reed then worked on economically-targeted investing focused on creating market-rate return investments that created housing opportunities for health care workers. He stressed to the cohort the need to “not be bound by what’s already been done and what other people tell you is possible.”

In order to better understand the world of finance, Reed then went back to school, getting his MBA in finance from the Stern School at New York University. He subsequently went to work for the World Resources Institute, a think tank, where he felt he had found “his people.” That experience led Reed to ask questions of himself that he posed of the class: “how do I see myself and how do I explain to others what I’m interested in and the capabilities I bring to bear on that?”

“Don’t be bound by what’s already been done and what other people tell you is possible.”

Reed is extremely well-read and stressed the importance of integrative thinking, tying these seemingly disparate frameworks that you learn throughout your life in a way that you can understand other people’s perspectives and translate them to a new area. There may always be someone with deeper expertise on a topic than you, but it’s important to understand enough of it that you can converse intelligently on the topic at hand.

Reed also discussed his role as a consultant, becoming a trusted advisor to numerous large organizations. He described the challenges of consultants face: to understand enough to analyze the situation at hand, identify the key drivers and distill that down, but then engage your clients by listening and becoming trusted, in order to help the organizations change.

His previous company, Sustainable Finance Ltd. was eventually acquired by PwC. In his current role, Reed and his team focus on what they call “Sustainability Strategy through Execution.”  They are currently focused on four main areas: cities of the future, social determinants of health, the future of reporting, and total impact and measurement.

Getting to Know the Class of 2018: Kevin Hoskins

Kevin Hoskins  brings management and leadership experience in the music business and creative industries to The Sustainable Innovation MBA program. He was interviewed by Isabel Russell, an undergraduate at UVM.

Why did you choose to attend The Sustainable Innovation MBA program?

I came back to Vermont because I craved the community and the spirit of entrepreneurship that seems to be part of the state’s DNA. I chose this program because I wanted to learn frameworks and strategies to better integrate my leadership, management, and entrepreneurial experience with the program’s sustainability and innovation focus. The Sustainable Innovation MBA program at UVM speaks to my goals and values: resisting business-as-usual, having the optimism to see challenges as opportunities, and needing to develop new business models (and market-based solutions) that incorporate sustainability and future-oriented thinking.

What has been your favorite part/element of the program thus far?

My favorite part of the program is the people: my cohort, the professors, and the greater community that surrounds this program. Every day, I’m grateful for the opportunity to spend eight hours in a room learning from people that want to get creative about solving challenging problems.

What are three things someone considering the program should be aware of?

First, be willing to listen…and embrace collaboration. You’ll be put in situations where teamwork is essential to achieving your goals. Remember to listen to your teammates and be willing to collaborate to achieve something greater.

Second, follow the threads that interest you. The year goes by quickly and there’s a lot of information coming your way. It’s easy to fall behind if you don’t stay on top of the work. But don’t forget that you can always dive deeper on the subjects that you’re passionate about. Adopt a learning mindset. And stay curious.

Lastly, be prepared to challenge yourself. Be willing to re-frame your mental models. Ask questions. Be flexible. And get comfortable with uncertainty. It’ll serve you well in the program, but also in your future work.

How has the Sustainable Innovation MBA helped you?

The Sustainable Innovation MBA has helped me learn analytical tools and financial models to help improve and thus transform businesses. This program is a great reminder that people are not only the greatest asset of any business, they’re our greatest tool for innovation and our greatest opportunity to build a better world.

Anything else?

Vermont is a unique place. And this is a unique program. Embrace the magic. And if you’d like to know more about the program, I’m happy to talk. I can be reached via www.kevinhoskins.net

Ecosystem Services: The Unsung Hero of the Natural World

This post was written by Robert Hacker ’18

Do you ever find yourself enjoying a glass of water, a meal, or maybe even breathing fresh air?

If you answered yes to any of the three activities above, then you may want to thank ecosystem services.

A service is the action of helping or doing work for someone.

An ecosystem is a community of interacting organisms and their environment.

Therefore, an ecosystem service can be described as a community of interacting organisms and their environment that helps to get work done. There are four categories of ecosystem services which are provisioning, regulating, cultural, and supporting services.

I will begin by explaining provisioning services. These services provide a benefit that humans extract from nature such as water, timber, fossil fuels, food and medicine. All of the provisioning services are essential for the survival of human populations and will see negative impacts as a result of climate change.

Next, regulating services provide benefits as a result of an ecosystem process that moderates a natural phenomenon. Some examples are water filtration/purification, pollination, decomposition and carbon storage. Humans have been altering the rates at which these ecosystems are able to operate, therefore increasing the rate of climate change and natural resource depletion.

Third, cultural services are non-material benefits that contribute to the development of people. Some examples include nature-based art, tourism, and recreation. Many indigenous communities have lost these services due to environmental degradation, or development of their once sacred land. Also threatened are many of the outdoor activities all people enjoy such as hiking, swimming or even skiing!

The final type of ecosystem services is supporting services and are classified as a benefit from an ecosystem process that moderates a natural phenomenon. These are arguably the most important because all life could not survive with-out them. Supporting services include photosynthesis, nutrient cycling and soil formation. The second two along with many other services have been altered and degraded since the industrial revolution.

All of these types of services are essential to the survival of human life as we currently know it. Climate change poses a threat to these important services that humans and all other species depend on. We need to begin to take care of our home, Earth!