Environmental sustainability issues are one of the defining problems of our time. While governments and NGOs will have to play important roles, without active involvement of businesses it will be impossible to make sufficient progress on these issues. Globalization and Digitization have been two major disruptive developments that organizations have faced (and are still facing). ESG (Environmental, Social, and Governance) issues are the latest large-scale development that will shape companies’ futures. This course will focus on the “E” of ESG. As with any large change, environmental sustainability poses significant business challenges but also tremendous opportunities. We will study these issues both from the perspective of incumbent firms that have to adapt their business practices and from firms (incumbents and new start-ups) that will take advantage of the new opportunities that are being created.
MGMT7230002 ( Syllabus )
Whether via public blockades or behind-the-scenes boardroom votes – activism has been a driving force of change on environmental issues. This course will offer an overview of environmental activism, with an emphasis on business targets, impacts and responses. Reviewing a range of players, strategies and tactics, students will explore different types of activists (e.g., grassroots, NGO, employee, investor) and the relationships between activism aimed at businesses vs. governments. The course will help students understand the evolution of environmental activism, and what influence current demographics, public opinion, and technology have had, including on climate activism and business practices in recent years. Through case studies, news stories, academic readings, and class discussion, students will learn the various roles activists play, how activism impacts public policy and corporate practices, and different ways companies relate to activists. Quizzes, case analyses, and other methods will be used to demonstrate mastery of the material.
Before 2000, "environmental management" in business was largely driven by the need to respond to environmental, health, and safety (EHS) pollution regulations. More recently, concerns about sustainability began influencing business change, with environmental management giving way to environmental strategy. This seismic shift moved sustainability efforts away from siloed EHS departments, leading to new business lines and increased integration of environmental issues into numerous corporate functions. Today, a changing climate – and the recognition of ESG (Environmental, Social, and Governance) issues amongst investors, consumers, and rating agencies – are shaping companies’ futures. Now, business units of all types will be impacted by sustainability concerns in new laws, industry guidelines or norms, new technologies, energy planning, customer expectations, changes in raw material availability, performance metrics, and reporting requirements. With the help of readings, class discussion, guest lectures, and written assignments, students will learn how sustainability is defined and operationalized within organizations, and how sustainability strategies are developed, measured, and reported on. They will further develop skills to critique and defend sustainability strategies and frameworks, an essential skill in this fast-evolving space.
Environmental sustainability issues are one of the defining problems of our time. While governments and NGOs will have to play important roles, without active involvement of businesses it will be impossible to make sufficient progress on these issues. Globalization and Digitization have been two major disruptive developments that organizations have faced (and are still facing). ESG (Environmental, Social, and Governance) issues are the latest large-scale development that will shape companies’ futures. This course will focus on the “E” of ESG. As with any large change, environmental sustainability poses significant business challenges but also tremendous opportunities. We will study these issues both from the perspective of incumbent firms that have to adapt their business practices and from firms (incumbents and new start-ups) that will take advantage of the new opportunities that are being created.
Henning Piezunka, Wharton associate professor of management, discusses the challenges of replacing influential founders, preparing future CEOs, and building organizations that can thrive beyond their most powerful leaders.…Read More
Knowledge @ Wharton - 2026/11/13