Decarbonize Norway’s sovereign wealth fund in this year’s Business for a
Better World MBA case competition
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.
Contacts:
Toby Heaps, CEO, Corporate Knights,
toby@corporateknights.com
Dirk Matten, Professor, Schulich School of Business,
DMatten@schulich.yorku.ca
Julia Shtopel, Schulich MBA student and event organizer,
julia.lev1103@gmail.com
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
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
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