The rise of rankings in global governance: how can they change the regulation of large corporations?
Ratings and rankings have become powerful tools in global governance, frequently used to motivate companies to be good corporate citizens. A wide range of environmental and social matters such as access to medicine, climate change, obesity and working conditions increasingly transcend national borders and escape the reach of national regulators. For such issues, who should set the rules about the responsibilities of corporations? How can corporations that are by definition designed to generate profit, be guided towards making decisions that benefit society as a whole? Afshin Mehrpouya and Rita Samiolo explore the process behind the production of these rankings.
How experimentations help innovation ecosystems emerge: the case of the hydrogen energy
Major advances in complex technologies require the cooperation of a broad range of parties – a whole business ecosystem. Professors Sihem Ben Mahmoud-Jouini (HEC Paris) and Florence Charue-Duboc (Ecole Polytechnique Paris) used the case of the nascent hydrogen energy ecosystem to investigate how experimentation can not only be a natural step in the development of a business solution but also contribute to the emergence and consolidation of the ecosystem itself.
Jean-Michel Gauthier: from the oil industry to the Energy Transition
Jean-Michel Gauthier began his career in the oil industry before switching to consulting. Having spent a total of 30 years in international energy, he now shares his expertise by training leaders from all sectors in energy-transition issues. Jean-Michel is affiliate professor in the finance department at HEC Paris, where he holds the Energy & Finance Chair sponsored by Société Générale.
Reinventing Business Education
Editorial by Marc Vanhuele, Professor of Marketing and Associate Dean. We live in a world of constant transformation. The role of research and education at a business school like HEC is to constantly innovate in order to give our students the knowledge, skills and mindset to live and work in a world with opportunities and challenges that may already have shifted by the time they graduate.
The problem with renewable energy incentives? Some of them may not incentivise renewables…
Sam Aflaki and Serguei Netessine’s new research uncovers a problem with renewable energy incentive policies, such as feed-in tariffs and carbon taxes. Renewables like wind and solar power often depend on carbon costly backups which stunt investment rewards.
Turning economic and environmental trade-offs into win-wins
Given the urgent needs of different populations worldwide, economic development tends to be prioritized over climate issues. Short-termism is pitted against medium and long-term goals, economic growth and jobs against the climate. And yet, the horribly irony is that it is often the people living in emerging countries who suffer (and will suffer) the most from climate change. The urgent question is: how can economic development and environmental protection be pursued simultaneously without compromising on either?
How impact investing brings solar power to Africa
Sub-Saharan Africa suffers from a lack of energy infrastructure. Increasingly, those without access to the energy grid are relying on solar power for lighting. As part of her MSc in Sustainability and Social Innovation at HEC Paris, Mónica Moncayo Escobar wrote a dissertation on how these Pay-As-You-Go energy solutions are being financed through impact investments.
Finance4Good: Financing the transition to a low carbon economy
In December a year will have passed since the celebration of COP21, a conference labeled a success as all 195 countries participating reached a global agreement, the so-called “Paris Agreement”. This aimed to reduce carbon emissions worldwide in order to bring down global warming below the 2°C threshold.
Armor combines co-industrialization with human respect: Interview with Hubert de Boisredon
Whether technological or social, innovation is a driving force at Armor, the leading global provider of Thermal Transfer ribbon for barcode printing and the leading European producer of remanufactured ink cartridges for businesses. Hubert de Boisredon, who has been at the helm of this firm since 2004, has brought a "trust-based" style of management to the company. His guiding principle: using technological innovation for solutions to benefit humanity...
Growth in renewables: not all down to policy
Governments have developed a wide range of initiatives and policies to support renewable energy generation as a key element of a low carbon future. At first glance, they seem to have worked, as renewable technologies have enjoyed significant growth. But new statistical analyses by Syed Basher, Andrea Masini and Sam Aflaki suggest more complex dynamics: policy is not the only driver for the increase in renewable energy technology development and application.