Financial Times ranks IESE no.2 in the world

  • The FT Executive Education 2022 ranking, which follows IESE´s record run at no.1 since 2015, consolidates IESE´s position as one of the world´s top business schools.
  • Ranking highlights IESE´s outstanding participant satisfaction rating, the relevance and innovation of programs, its internationality, as well as the quality and diversity of faculty and participants.

The FT Executive Education Combined Ranking 2022, released today by the Financial Times, has ranked IESE Business School second in the world. The result, which comes off the back of the school placing no.1 for a record-setting six straight years (2015-2020), consolidates IESE´s position as one of the premier schools for executive training. In 2021 there was no FT Executive Education ranking due to the coronavirus crisis.

The ranking highlighted participants´ high levels of satisfaction with IESE´s programs, as well as the relevance of the skills they gained to the workplace and the extent to which IESE programs encouraged new ways of thinking. IESE´s internationality (both in course design, and faculty and participant mix) also drew praise, as did the quality and diversity of faculty and participants, among others.

The good result comes despite the Covid-19 crisis being particularly disruptive for the most international executive education programs, said Philip Moscoso, Associate Dean for Executive Education at IESE. According to him, “this result shows our ability to deliver an exceptional overall experience to the executives, entrepreneurs and corporate clients who placed their trust in us while the world was in flux. By providing innovative programs that stretch participants´ thinking and broaden horizons through interaction with diverse peers and faculty, we can also equip today´s leaders with the skills and capabilities needed to thrive in new contexts.”

The 2022 FT Executive Education ranking analyzes two types of programs for executives: open-enrollment programs (open to entrepreneurs and executives from any company) and custom programs (courses that are tailor-made for specific companies). The FT produces separate rankings for open and custom programs, and then produces an overall rating for all of executive education, based on the data collected for the two rankings. As well as coming second overall in the combined ranking, IESE was also ranked third in the world for open programs, and third for custom programs.

For open programs, participants gave IESE excellent marks for their overall satisfaction with the IESE experience, rating IESE 9.95 out of 10 on average – the highest rating given to any of the ranked schools. As well as scoring high marks across the board, participants also said that they particularly valued the follow-up provided by IESE once they were back in the workplace (ranking no.2 in the world on this measure), and the new skills and learning they gained on the program. The quality and diversity of the cohort also stood out, which enhances networking opportunities among classmates.

Regarding custom programs, IESE also scored high marks for the internationality of its clients and faculty, the likelihood of corporate clients to return to IESE for their training needs, and the schools strong alliances with partner schools such as Harvard and Wharton.

The Financial Times ranking is based on survey responses from custom program clients and open program participants, combined with data provided by the business schools themselves across a number of different criteria.

See the complete FT ranking here.

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IESE teams with United Nations for sustainable infrastructure forum

  • 6th UNECE International Public-Private Partnership Forum takes place May 4-6

IESE has teamed up with the United Nations Economic Commission for Europe (UNECE), with the support of the Barcelona City Council, to hold a three-day conference on ways the public and private sectors can work together to build sustainable infrastructure that puts people first.

The 6th UNECE International PPP Forum takes place May 4-6, bringing together representatives of governments, the private sector, civil society organizations, and other stakeholders. The official theme of the event is “The role of people-first PPPs for the SDGs in delivering sustainable infrastructure to accelerate the implementation of the 2030 Agenda.”

IESE’s PPP for Cities, led by Prof. Joan Enric Ricart, has organized the conference, which is normally held in Geneva. Ricart, along with PPP for Cities Executive Director Alicia Plana, will also moderate sessions during the event.

“This conference reinforces IESE’s commitment to sustainability at a global level. Sustainable public-private partnerships in cities are absolutely crucial in achieving the UN’s Sustainable Development Goals and in improving people’s lives,” Ricart said. “We’re bringing together officials from the public sector, private companies and civil organizations to share best practices and map out the way forward.”

Speaking at the opening of the event, officials from the organizing institutions agreed on the importance of the three elements in the theme: sustainable infrastructure, public-private partnerships and people first.

Elisabeth Tuerk, director of the Economic Cooperation and Trade Division of UNECE, said in the opening session that at a time when the world is emerging from the pandemic, rebuilding infrastructure is key. “Public-private partnerships in terms of infrastructure investment and infrastructure financing is really very relevant now,” she said. And plays an essential an essential role in overall development, added Olga Algayerova, executive secretary of UNECE:  “Infrastructure is crucial to social and economic develop for our people.”

“We have a responsibility to place people front and center in our policies and business models,” added Laia Bonet, deputy mayor of Barcelona, and public-private partnerships can be a way to do that. “The pandemic has showed this transformative capacity” of the public and private sectors working together, she said.

Sessions on climate change, circular economy, green procurement and more

The three-day conference will feature two dozen sessions on topics including climate change, the circular economy, digital transformation, sustainable finance, green procurement and the blue economy — and how these issues can be approached through people-first public-private partnerships.

There will also be a highly practical element, featuring case studies from around the world that aspire to comply with the UN’s Sustainable Development Goals (SDG) and with environmental, social and governance (ESG) principles.

The UNECE People-first PPP Evaluation Methodology for the SDGs – an ESG matrix available to governments and other stakeholders as a self-assessment tool – will be used for each of these projects to assess their compliance with the five outcomes of the UNECE People-first PPPs for the SDGs, namely:

  1. Increase access to essential services and lessen social inequality and injustice;
  2. Improve economic effectiveness (including women’s empowerment) and fiscal sustainability of projects;
  3. Enhance resilience in projects and more care with the environment;
  4. Promote replicability and the development of further projects; and
  5. Fully involve all stakeholders in the projects.

The Forum will also offer a platform to other stakeholders – centers of excellence, civil society organizations, academia, international organizations, and the private sector – to present their work in a series of side events.

The UN recently released a report highlighting that long-term infrastructure investment can lay the foundations for sustainable development in member states. The report said that to improve the sustainability of infrastructure and public services, such investments must be aligned with the SDGs.

For IESE, all of these issues have formed a part of what the PPP for Cities has been teaching and researching for many years. “Here at IESE we’ve been deeply committed for a very long time to all these practices,” said Prof. Nuria Mas during the opening session.

Finaves VI launched with goal to invest €10 million in IESE entrepreneurs

  • New venture capital fund will finance 25 to 30 companies over the next three years

Finaves VI venture capital fund, which supports and finances IESE entrepreneurial projects, has been launched with the goal of raising €10 million to finance 25 to 30 companies over the next three years.

The Finaves investments will be made during the seed capital phase, with amounts ranging from €50,000 to €500,000 per investment.

The investors in Finaves VI are family offices, private investors and successful entrepreneurs. It also counts on the support of the Instituto de Crédito Oficial (ICO), which selected it along with five other funds in the incubation and technology transfer category.

According to the director of Finaves VI, IESE Prof. Albert Fernández, the creation of Finaves VI “shows investors´ confidence in the entrepreneurial talent of IESE alumni and in the excellent track record of the Finaves funds over the past 20 years.”

Ninety percent of the investment will be made in Spanish companies that can have a significant impact on their industry, but without focusing on specific sectors. Finaves VI will have a committee composed of IESE professors to analyze these investments.

Entrepreneurial success story and 2030 goals

Finaves has played an important role in IESE’s entrepreneurial ecosystem since its creation by Prof. Pedro Nueno in 2000. During its more than 20 years, it has made more than 60 direct investments worth €15 million and has co-invested more than €100 million with other funds. The companies created by Finaves have created more than 3,000 direct jobs and turnover more than €300 million in annual sales.

Other companies financed with Finaves’ seed capital include Cooltra, Logisfashion, Busup, Worldsensing, ForceManager, Inbrain Neuroelectrics and Parclick.

With the creation of Finaves VI, IESE’s entrepreneurial ecosystem continues to grow. By 2030, IESE sets ambitious goals, in line with three of the UN Sustainable Development Goals:

  • Generate 50,000 new jobs by supporting 5,000 entrepreneurs in building their startups and fundraising.
  • Impact 2,000 senior managers worldwide through research and activities related to innovation and entrepreneurship.
  • Publish 200 new articles and other content related to search funds, corporate entrepreneurship, technology transfer and angel investment, in order to foster innovation.

98% of IESE´s 2021 Master in Management graduates employed

  • IESE´s 2021 Master in Management Employment Report highlights the excellent career prospects of young IESE graduates.
  • 98% of the MiM Class of 2021 are employed, with 94% securing a job within three months after graduation.
  • Technology is the most popular sector for IESE´s youngest graduates.

IESE´s 2021 employment report for the Master in Management (MiM), a program launched in fall 2019 and taught in English from IESE´s Madrid campus, reveals the bright career prospects of IESE´s youngest graduates.

The report shows that employer demand for IESE´s MiM graduates is high, with top recruiters appreciating their business acumen, entrepreneurial initiative, leadership and communication abilities. In fact, 98% of IESE´s MiM Class of 2021 are employed, despite a challenging external context typified by the COVID-19 pandemic and high levels of youth unemployment. What is more, 94% secured employment within three months after graduation.

These strong employment figures also highlight how IESE remains a destination of choice for top recruiters, with the school´s Career Development Center (CDC) connecting more than 400 leading companies with IESE talent over the last year through a number of recruitment activities.

The top recruiters of the IESE MiM Class of 2021 include Amazon, AlphaSights, Citi, Nike, Nomura, Microsoft, Monitor Deloitte, P&G and PwC.

According to the report, Technology is the most popular sector for IESE MiM graduates, attracting 32% of the Class of 2021 who are seeking employment. Consulting (25%) and Financial Services (19%) were the next most popular sectors.

An international, practical program that can kick-start careers

IESE´s MiM is a comprehensive 11-month program that helps prepare recent university graduates, who typically have little to no professional experience, take the first steps in their careers.

On the program, students develop a global vision of business and gain insights into the trends that are shaping the world from an international, top-class faculty. It does this through a highly practical and business-orientated curriculum, covering cutting edge topics like AI, Blockchain and Quantum Computing alongside more traditional subjects like business strategy. Classes are primarily based on the case method, a dynamic and discussion-based learning methodology where students are exposed to real-life problems and learn to sharpen their decision-making skills.

IESE´s Career Development Center (CDC) also offers a full service of resources for MiM students, covering everything from helping prepare them for interviews and offering region and sector specific advice, to organizing a variety of popular career forums and fairs.

Kira Brakhage, from the IESE MiM Class of 2021, says she decided to study the MiM to kick-start her career in Tech. “Through learning coding languages and digital strategy in the Data Track and with CDC’s help in preparing me for interviews, I’ve landed my dream job at Microsoft.”

The MiM Class of 2021 is comprised of 81 students, 37% of them women. The average age at graduation is 24 years old.

Download the 2022 MiM Employment report.

FT ranks IESE’s MBA in world’s top 10, 3rd in Europe

  • IESE MBA stands out for its internationality, high levels of student satisfaction, ability to help students reach their goals, and focus on sustainability

The FT Global MBA Ranking 2022, released today by the Financial Times, ranks IESE Business School’s full-time MBA among the top ten programs globally (no.10) and third in Europe. 

The ranking confirms IESE’s position as one of the best business schools in the world. 

“Our consistent position within the top ten schools globally points to the strength and depth of the IESE MBA”, says Marc Badia, IESE Business School´s Associate Dean for MBA & MiM programs.  “It´s a program that is constantly innovating, with a curriculum covering cutting-edge business topics such as AI and emerging technologies, an exceptional entrepreneurship ecosystem to develop budding entrepreneurs, and the option for students to deep dive further into specific areas like Data Analytics & Digital Business, Entrepreneurship & Innovation or Sustainability.”

The 2022 Financial Times ranking particularly highlights the international nature of IESE’s MBA, with the program ranking no.2 for International Course Experience. As well as studying business in an international context, IESE MBAs have the opportunity to study immersive modules in key business hubs like Dubai, Nairobi, New York, Sao Paulo and Shanghai, and gain first-hand business experience across different continents. 

In addition, the school’s highly international faculty and student body allow for richer classroom discussions that draw upon the diverse perspectives and business experiences of the cohort, faculty, and course content.

The care and personal attention IESE provides students throughout the program – which includes small group exercises, personalized feedback and support, and an open-door policy for faculty, among others – were also contributors to the high levels of satisfaction alumni expressed in their IESE experience. According to the British publication, survey respondents’ average score for how satisfied they were with IESE was 9.57 on a ten-point scale.

IESE’s ability to help students reach their stated goals or reasons for doing an MBA also stood out as key to IESE’s strong performance, with 90% saying they had achieved their aims.   

Finally, IESE’s MBA ranks first for Environmental, Social & Governance (ESG) for the third consecutive year. The ESG metric looks at core course content dedicated to ethics, social and environmental issues. This reflects the school’s focus in its teaching, research and operations to promote a holistic consideration of sustainability, which looks at everything from how companies treat the world around them, to how they treat each employee.

This latest result continues IESE’s strong performance in the major international rankings over several years. Including: 

Download the complete FT ranking here and check out our guide to interpreting business school rankings.

Spain´s King inaugurates IESE´s new Madrid campus, a space for leaders in sustainability

  • Felipe VI attended an Executive MBA class of young professionals where they discussed a business case, and toured the facilities with Franz Heukamp, Dean of IESE.
  • The new campus triples the previous surface area, allowing the school to increase its activity in the capital by 50% over the next five years.

This morning, King Felipe VI presided over the inauguration of the new IESE campus in Madrid, accompanied by Joan Subirats, Minister of Universities, Franz Heukamp, ​​Dean of IESE Business School, and María Iraburu, Rector of the University of Navarra, to which the school belongs.

The event was attended by 400 people including employees, alumni and the directors of IESE´s partner companies, who support the school’s role in training responsible leaders concerned with people and the environment. In addition, numerous employees and alumni followed the event stream remotely.

The official inauguration in the new auditorium showcased the origins of IESE six decades ago and its values ​​(sustainable, ethical and human leadership). It did this through a digital show in which a drone travels through the city of Madrid until it reaches the new campus, where the King then unveiled the commemorative plaque.

“We’re in a beautiful building, with an incredible auditorium. But it’s much more than that,” Heukamp said in his speech. “This is an instrument for educating people who can create a better world. It’s an amazing project.”

Before the ceremony, Felipe VI attended the session ‘Leaders for a more sustainable world’ given by IESE professor Pascual Berrone, as well as a class of the Executive MBA, a program for young professionals with 10 years of experience. During the class, he got to experience the case method through a lively discussion on Amazon. In addition, the King toured the school´s new facilities and was photographed with Master in Management students, an international program aimed at recent graduates.

IESE’s new campus in Madrid, which opened last September, extends the previous plot by tripling the surface area to reach 33,600 square meters. This will allow the school to increase its activity in the capital by 50% over the next five years.

Its location in the vicinity of the Casa de Campo, Madrid’s main green lung, its architecture of open spaces with large natural light inflows, and the use of green energy, have also been accredited through Leed Gold certification.

IESE, a leading school according to the main international rankings, has always stood out for its approach to responsibility and social impact. This is recognized by the Financial Times, which in 2021 ranked the school’s MBA program at number 1 for Corporate Social Responsibility.

In this 2021/22 academic year, IESE has launched various initiatives to promote the development of leaders in sustainability. These include a new specialization of the MBA program focused on the objectives of sustainable development, and the creation of a research and teaching initiative in sustainability that aims to generate knowledge and good practices that can be applied in programs and companies. In addition, last November, this new campus hosted the IESE Global Alumni Reunion with more than 30 international experts in sustainability.

About IESE Business School

IESE is the graduate business management school of the University of Navarra. With campuses in Barcelona, ​​Madrid, Munich, New York and São Paulo, IESE adds new projects to its already innovative learning ecosystem that allows it to offer training for managers in Europe, Asia, America and Africa.

Since 1958, the school has trained more than 50,000 entrepreneurs and managers, offering them a personalized and transformative experience. IESE wants to continue building tomorrow by training leaders who can have a positive and lasting impact on people, companies and society. This effort has been recognized by the Financial Times ranking, which for six consecutive years has placed IESE as the number 1 school in the world for executive education.

 

 

 

94% of IESE MBAs get a job in three months, one-third make triple jump

  • 2021 Employment Report reveals a bright future for IESE MBAs

Despite the pandemic causing widespread disruption to job markets across the globe, the career prospects of IESE MBAs continue to look bright.

In fact, 94% of IESE MBAs secured a job offer within three months after graduation, according to the latest MBA employment report. What´s more, around a third of the class leveraged their experience at IESE to make a notoriously tricky “triple jump” career change – meaning that they changed industry, job function and geography all at once.

The report highlights how IESE remains a destination of choice for top recruiters, with the school connecting more than 400 leading companies with IESE talent over the last year through a number of activities and structured recruitment activities.

ABInBev, Amazon, Bain & Company, BCG, Citi, McKinsey & Company, Novartis and Pepsico were among the top recruiters for the MBA class of 2021, which comprises 364 students, 31% of them women, of 56 different nationalities.

MBA career trends

According to the 2021 employment report, Consulting remains the most popular destination for IESE MBAs, attracting 34% of the Class of 2021 who are seeking employment (and surpassing pre-pandemic numbers). Finance (25%) and Industry (24%) were the next most popular sectors, followed by Technology (17%). Within the industrial sector, healthcare was the most popular choice, with 10% heading into that industry.

In terms of geography, the 2021 report shows that Europe (excluding Spain) was the most sought-after region to work in, with 26% of graduates accepting jobs there. Following closely behind was Latin America (22%), followed by Asia-Pacific (20%) and Spain (20%), and then Middle East & Africa (7%) and North America (5%).

However, the most notable trend was that of career change. As well as 33% of the class changing their job function, geography and sector in one go, in total 72% changed their function, 62% their geography and 61% their industry.

Studying an MBA at IESE has proved a powerful platform for people thinking of switching careers, thanks to the access it provides to a dedicated career development center with expertise in many different sectors and geographies, as well as a variety of training, support, advice and mentorship opportunities.

The option to take a corporate internship (or work on your own entrepreneurship project) in the summer between the first and second year of the MBA, also enables career changers to test and get experience in their new field.

One example of such a career changer is Alix Chausson who pre-MBA was working in the UK as a vendor manager for Amazon. She decided to study an MBA at IESE after realizing her dream job was radically different from the sector and role she had at the time.

“I arrived at IESE with a laser focus: to work in a venture role in foodtech – specifically in alternative proteins – post MBA”, she says.

She is now working in Germany as a senior associate for Evig Group, a foodtech company, and credits IESE with her move.

“This was a radical shift from my pre-MBA work and I strongly believe that my two years at IESE provided me with solid foundations for this unusual transition. As a committee member of the Tech Club, I put together and moderated a panel with foodtech experts where the exposure to investors and entrepreneurs was a fantastic opportunity to further my transition.”

Download the 2021 MBA employment report.

Business schools across four continents join forces to shape the future of capitalism

  • 12 leading business schools to take part in innovative MBA course initiated by IESE and Shizenkan University on social change
  • Guest speakers include top executives, entrepreneurs, policy makers, academics and activists of various backgrounds

Twelve leading business schools from Brazil, Denmark, India, Indonesia, Japan, Malaysia, Mexico, Nigeria, South Korea, Spain, and Switzerland, will take part in an innovative MBA course in January 2022 that encourages students to critically examine today´s socio-economic system and provide a vision for how business can help promote a fairer and more equitable society.

The Future of Capitalism is a three-month long MBA course initiated by IESE Business School Dean Franz Heukamp and President at Shizenkan University, Prof. Tomo Noda. It was first launched in January 2021 as a joint course among four schools (IESE Business School in Spain, Shizenkan University in Japan, the School of Inspired Leadership in India and Fundação Getulio Vargas in Brazil).

In order to scale the impact of the course, as well as provide a broader networking platform for students, eight new schools have joined for the second edition: Copenhagen Business School (Denmark), IMD (Switzerland), IPADE (Mexico), IPB University Business School (Indonesia), Lagos Business School (Nigeria), Seoul National University (South Korea), Tecnológico de Monterrey (Mexico), and Universiti Sains Malaysia (Malaysia.)

Open to MBA students at all 12 participating schools, the 2022 edition of the Future of Capitalism will start on January 26 2022.

The elective explores the key issues society faces within the capitalist system today, and invites students to reflect and come up with a plan on how  business (and themselves as future business leaders) can have a more positive role in society. During the course, students engage in virtual conversations with a variety of guest speakers from around the world, including formerly homeless children and former child soldiers. They will also hear from top executives, entrepreneurs, policy makers, activists of various backgrounds, and academics, among others.

Some of the sessions include:

  • Hearing from Tosha Maggy, Africa Business Coordinator of Terra Renaissance, a Japanese NGO that offers vocational training for former child soldiers in Uganda.
  • A session with a forecaster, Paul Saffo, faculty and Futures Track Chair at Singularity University, on how to leverage technology and innovation for a better future.
  • A dialogue with Shubhashish Roy, Founder and CEO of Ekmattra Society, a Bangladeshi NGO promoting the advancement of underprivileged children.
  • Discussions with a founding member of the Conscious Capitalism movement, Raj Sisodia, Professor of Global Business at Babson College, on precepts and performance implications of pursuing a conscious approach to business.
  • A session on sustainability with Mads Øvlisen, former CEO of Novo Nordisk and former Chairman of LEGO.
  • A session discussing climate change and environmental sustainability with Jennifer Morgan, Executive Director of Greenpeace International.

Throughout, students collaborate in teams (both in mixed school teams and intra-school teams) to work on a mid-term and a final presentation, where they develop an outline of how business can build a bridge between the current status quo and their future vision of capitalism. Two finalist teams will then present their outputs to a group of prominent business leaders, including Paul Polman, B. Muthuraman, and Tak Niinami.

Record 5,000 people attend IESE Global Alumni Reunion

  • The 3-day event focused on sustainability takes place on IESE’s new Madrid campus and online

IESE’s Global Alumni Reunion (GAR) 2021 gets underway Thursday, with a record 5,000 people registered to attend the annual event that this year will explore the urgent need for companies to do their part in the transition to a more sustainable world.

It is the first time the GAR has taken place since COVID-19 spread across the globe, and occurs as larger-scale, in-person events are again possible in Spain and elsewhere. It will take place on IESE’s new Madrid campus, completed in recent months and applying the highest environmental standards, on Nov. 11-13.

“We’re delighted to once again celebrate our Global Alumni Reunion this year, for the first time since the pandemic. This event is new and innovative in every way: we’re holding in-person sessions on our new Madrid campus, which is a model of sustainable architecture,” said Mireia Rius, head of IESE’s Alumni Association.

“There’s also an option for attendees to connect online, choosing their events and networking with others, creating a unique, customized experience for all,” she added. “And we have an unparalleled line-up of global speakers who will talk about what sustainability means to them and to their work. This promises to be our most impactful Global Alumni Reunion ever.”

New Sustainable Leadership Initiative

As part of the event, IESE is announcing a new Sustainable Leadership Initiative, the umbrella under which a dozen professors are working on different sustainability-related research, teaching and outreach projects. The initiative features three main areas of investigation: sustainability in the financial sector, in cities and communities, and in leading corporations for a just transition.

“Sustainability has been an essential part of IESE’s approach to business since the very beginning. We’ve always been committed to creating businesses with a long-term vision and commitment to communities and people,” said Fabrizio Ferrari, the director of the new initiative and an expert in sustainability. “We’ve chosen sustainability as our theme for this year’s Global Alumni Reunion because we feel that there’s no more important issue for our times. The moment for businesses and business leaders to act is now, and IESE is committed to leading a global shift to more sustainable business models.”

To explore what those business models might look like, the event features some 35 global business and policy leaders, including keynote speeches by Dame Vivian Hunt, Senior Partner of McKinsey; Michael Sandel, a political philosophy professor at Harvard; Pablo Isla, Chairman, Inditex; and José María Álvarez-Pallete, Chairman and CEO of Telefonica.

In addition to the plenary sessions, there are a dozen sessions featuring high-profile leaders such as:

  • Citi CEO Jane Fraser
  • Jean Lemierre, Chairman of BNP Paribas
  • Author John Elkington of Volans & Maria Neira, Director, Public Health and the Environment Department, World Health Organization
  • Halla Tómasdóttir, CEO of the B Team 
  • Hiromichi Mizuno, United Nations Special Envoy on Innovative Finance and Sustainable Investments
  • Francesco Starace, CEO Enel
  • Javier Goyeneche, Founder of ECOALF
  • Enric Asunción, Founder and CEO of Wallbox Chargers.

In addition, Madrid Mayor José Luis Martínez-Almeida will help open the event on Nov. 11, and Isabel Díaz Ayuso, President of the Community of Madrid, will close the sessions on Nov. 12.

Saturday, Nov. 13, is a day dedicated to social and artistic events, including a golf tournament for alumni, a piano concert by Ignasi Cambra (EMBA ’21) and a special tour of the Madrid campus.

Leading European Business Schools unite to accelerate business response to climate crisis

  • New climate leadership toolkit to help companies meet environmental goals

Eight leading business schools have joined together to acknowledge the climate crisis and collaborate to support business leaders who will act to address the climate emergency.

Business Schools for Climate Leadership (BS4CL.org) is a unique alliance of business academic thought leaders, made up of founding members Oxford Saïd Business School, Cambridge Judge Business School, HEC Paris, IE Business School, IESE Business School, INSEAD, International Institute for Management Development and London Business School. Collectively, these schools train more than 55,000 students and executives per year, and are stewards of alumni bodies in excess of 400,000 people.  

As agents of change and the catalysts for thought leadership in today and tomorrow’s business leaders, the founding members of BS4CL recognise their role in driving and accelerating business activities towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change.

Their goal is to support climate leaders and organisations by collaborating on research to identify and shape best practices, and by working across sectors and generations to accelerate the business community’s response to climate change. Collectively they will raise awareness of the urgency for climate change mitigation and adaptation, seeking to have an impact through joint outreach to all eight alumni communities.

As a first step, academics from the eight founding schools worked together to produce a BS4CL climate leadership toolkit, which will be released at COP26 in Glasgow on 10 November. In the run-up to this release, the group is holding a series of webinars to share this content, where each session has participants from multiple schools. The webinars, and ultimately the toolkit, are accessible for free at BS4CL.org. This initial collaboration focuses on eight topics:

  • Climate Change and Inequality (INSEAD)
  • Decarbonising Business (HEC Paris)
  • Global Strategy in a World Transformed: business strategy and geopolitics (IESE Business School)
  • Technology and Innovation as a Climate Change Solution (IE Business School)
  • Business Transformation and Climate Change (The International Institute for Management Development)
  • Risk management and the green energy transition (Oxford Saïd)
  • Climate change and nature, what business needs to know (Cambridge Judge)
  • Climate Standards and Enterprise Value (London Business School)

The toolkit will be launched on 10 November at the Sustainable Innovation Forum hosted by Climate Action on the Scottish Event Campus (SEC) at the UN Climate Change Conference COP 26 in Glasgow, in partnership with InTent.

Joint statement by deans

In a joint statement, the deans of the eight business schools said:

“The crises presented by the global pandemic have highlighted the important role academic institutions must play in providing leadership in times of emergency. Now, as we face one of the greatest challenges of our time–global warming, there has never been a more critical moment for collaboration between our institutions.

“We recognise the need to initiate the search for answers, which will galvanise and promote meaningful action. BC4SL builds on the integrated climate leadership expressed across our individual curricula and faculty research, providing the means to cooperate on a long-term basis. We mean to build the foundations with which businesses can lead global action to collaborate across sectors to limit climate change and to promote meaningful and visible progress. Our Post-COP26 Agenda will bring together our collective faculties to share and develop new insights on the rapidly evolving and urgent agenda.”

Business leader Paul Polman commented:

“New partnerships are essential for bringing speed and scale to our response to the climate crisis. Siloed thinking and institutional rivalry are our enemies in these urgent times, and I congratulate these academic leaders for setting a collaborative example, and for seeking to work hand-in-glove with business. I urge them to be as ambitious as possible, and to push each other to new limits of innovation and ingenuity.”