TORONTO, Aug. 18, 2015 /CNW/ - 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.
Throughout this competition, students will have access to a tool, designed by Corporate Knights, which will help them assess the carbon profile of the fund's holdings and allow them to watch this profile change as the holdings mix is altered.
"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.
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, York University
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
SOURCE Corporate Knights Inc.
Image with caption: "Members of Team UVic, celebrating their victory at the 2014/2015 Business for a Better World case competition in Davos, Switzerland. The challenge for teams was to substantially improve the sustainability performance of pharmaceutical giant Novartis. (CNW Group/Corporate Knights Inc.)". Image available at: http://photos.newswire.ca/images/download/20150818_C4306_PHOTO_EN_479127.jpg
Image with caption: "Three of five judges from our 2013/2014 competition, from left to right: Dominic Barton, Global Managing Director, McKinsey & Co.; Steve Williams, CEO, Suncor Energy; Robert Greenhill, Managing Director (2014), World Economic Forum. (CNW Group/Corporate Knights Inc.)". Image available at: http://photos.newswire.ca/images/download/20150818_C4306_PHOTO_EN_479125.jpg
Image with caption: "Decarbonize Norway’s sovereign wealth fund in this year’s Business for a Better World MBA case competition (CNW Group/Corporate Knights Inc.)". Image available at: http://photos.newswire.ca/images/download/20150818_C4306_PHOTO_EN_479129.jpg
For further information: Contacts: Toby Heaps, CEO, Corporate Knights, [email protected]; Dirk Matten, Professor, Schulich School of Business, [email protected]; Julia Shtopel, Schulich MBA student and event organizer, [email protected]