Tag Archives: #MGMTResearch

An Introduction to Carbon Literacy

Masters students Jonet Dunmore, Nina Perunovic and Verity Snow shared learnings from their Carbon Literacy Training in the final Responsible Business Centre Seminar of the summer term.

As the highest temperatures on record were reached in Britain during the July heatwave, we were reminded of the urgent challenge of addressing the climate crisis. While leadership is needed from government and business to address the crisis, many individuals are increasingly aware of climate change and looking to see what part they can play in combatting global heating.

For the past year, Birkbeck has been delivering Carbon Literacy Training to staff and students, helping our community understand key concepts and jargon and to commit to personal and organisational action to tackle the climate crisis.

On Wednesday 20 July 2022, Masters students Jonet Dunmore, Nina Perunovic and Verity Snow, who have each completed the Carbon Literacy Trust certified training, shared their learnings through the Responsible Business Centre seminar: Introduction to Carbon Literacy.

Global Warming – Key Terms

Jonet Dunmore began the discussion by explaining some of the key terms associated with climate change:

  • The Kyoto Protocol – The UN framework on climate change, which committed countries to limit and reduce greenhouse gas emissions.
  • The Paris Agreement – In 2015, at COP 21, a goal was set to limit global warming to below 2 degrees Celsius, preferably 1.5 degrees Celsius.
  • Net Zero – A target to negate the amount of greenhouse gases produced by humans by balancing carbon dioxide emitted into the atmosphere with the carbon dioxide removed from it.
  • 2050 – The UK Government has committed to reducing greenhouse gas emissions by at least 100% of 1990 levels.
  • COP26 – Governments were obliged to set out more ambitious goals for climate change under the Paris Agreement to “keep 1.5 alive”.

Which countries are most vulnerable to climate change?

Nina Perunovic highlighted the global injustice of the climate crisis. Developing countries, who are least responsible for carbon emissions, are at the frontline when it comes to the impact of climate change, from natural disasters, to food and water shortages. High polluting countries, such as China and the United States, will be slower to feel the effects of climate disaster than countries such as Yemen and Haiti, which are already living with the consequences. However, if no action is taken, the impact of climate change will soon spread across the globe.

How can Carbon Literacy help us take action?

Verity Snow concluded the seminar with a message of hope: by educating ourselves on carbon emissions, we can take the actions needed to make a change. Participants were encouraged to test their knowledge of climate change solutions using an interactive quiz.

The group also discussed the impact of personal activity such as diet, transport, energy use and lifestyle on carbon emissions. You can explore your personal carbon footprint using the WWF footprint calculator.

The Carbon Literacy Project aims to equip individuals and organisations with the knowledge and motivation to make a positive change for the environment. What small changes could you make to help the planet today?

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Birkbeck hosts ‘Environmental Finance for the Common Good’ Conference

The conference, organised by Dr Ellen Yu, was generously funded by the Money Macro and Finance Society and the School of Business, Economics and Informatics.

A group of people standing in the lecture theatre.

Birkbeck’s Department of Management was delighted to host the ‘Environmental Finance for the Common Good’ conference from 31 March – 1 April 2022.

More than 170 people registered for events during the two-day hybrid conference, which was organised by Dr Ellen Yu, Senior Lecturer in Finance.

Speakers included representation from international organisations and industry (the World Bank, Climate Policy Initiative, the US Conference Board, and the CFA Society of the UK), religious communities (the Vatican and the SGI UK), and academic peers from all over the world, who presented and shared ideas on environmental finance.

The conference aimed to understand the investment implications of environmental and social factors across different economies to achieve greater common good. Workshops over the two days included studies from industrial and middle- and low- income countries, providing a platform for all people working on environmental finance issues to discuss the latest insights and foster dialogue between academics and practitioners.

The diversity of speakers and attendees was highlighted at the evening keynote lecture, where representatives from industry, academia and religious communities came together to discuss pathways to a more inclusive, greener future.

The conference was funded by the Money Macro Society and the School of Business, Economics and Informatics.

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Thriving at different stages of an academic career

Professor Morten Huse discussed making an impact at different stages in the scholarly life cycle in his second talk for Birkbeck’s School of Business, Economics and Informatics.

On Tuesday 15 March, Birkbeck’s School of Business, Economics and Informatics was delighted to welcome back Professor Morten Huse for the second talk in a series discussing ‘How to become and thrive as an impactful scholar.’

The series, organised and chaired by Dr Muthu De Silva, Assistant Dean (Research), aims to develop Birkbeck’s scholarly community and to support academic colleagues in their research endeavours. The second talk, ‘Thriving at different stages of an academic career’ draws on insights from chapter 9 of Morten’s book ‘Resolving the crisis in research by changing the game’.

Morten encouraged attendees to consider their academic career as a life cycle, reflecting on his own experience of being affiliated with many different universities and the lessons learned along the way. He reflected on some key philosophies that have guided his academic career:

  • ‘Ritorno al passato’ – the need to reconsider the modern approach to scholarship.
  • ‘From POP (publish or perish) culture to a sharing philosophy’.
  • ‘Life is too short to drink bad wine’ – we don’t have unlimited time, so it is important to prioritise what matters most.

What is true scholarship?

Morten commented: “It is easy to think that we are measuring scholarship by publications,” arguing that, as early as the 1990s, academics were already feeling pressurised to publish in certain journals. This has resulted in ‘hammer and lamp syndrome’, where scholars address problems that are already under the lamp, i.e., where data is already available, instead of seeking out difficult problems, as this is an easier route to getting published. Similarly, Morten explained: “If you have a hammer, you see the world as a nail and will look for the easiest way to getting published.”

Reflecting on Boyer (1996), Morten argued that scholarship is not what scholars do, but who they are. When aiming for excellence in research, the goal should reach beyond getting published to thinking about the impact research is having. According to the European Research Council, excellence in research involves:

  • Proposing and conducting groundbreaking and frontier research
  • Creative and independent thinking
  • Achievements beyond the state of the art
  • Innovation potential
  • Sound leadership in training and advancing young scientists
  • Second and third order impact.

Defining your scholarly ambition

Morten noted that academic careers can look different for everyone and that scholarly ambitions are personal and will vary. Career paths can take a teaching, administrative or research route and reach could vary from local, national, to global.

Morten reflected: “It’s easy not to do the proper reflections, integrations and scholarly enquiry. It’s easy not to make a contribution to developing the scholarly community. It’s easy not to give priority to doing something for society. In reality, the scholarly life cycle is not just about getting published; there is so much more that is needed.”

He shared an image of what the scholarly life cycle could look like, enabling senior scholars to give back to junior colleagues:

Graph showing the different stages of an academic career.

We would like to thank Professor Huse for a thought-provoking presentation and discussion. The next event in this series will take place in May, where we hope to have the opportunity to bring our community together in person. Details to follow soon on the Department of Management events page.

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Are you truly sustainable? An investigation of de-certified B-Corps

Dr Silvia Blasi and Professor Silvia Rita Sedita shared insights from their research into B-Corps and the tendency towards de-certification in this Responsible Business Centre Seminar.

In response to the growing challenges of social and environmental issues, an increasing number of companies are looking to use business as a force for good to solve society’s big problems, not just for profit. B Lab, a not-for-profit organisation, has taken the lead in providing the necessary infrastructure for this shift.

However, as of April 2019, at least 930 registered B Corps were no longer certified on the B Lab database. What is the reason for this tendency towards de-certification, and what could be done to support businesses to improve their social and environmental impact?

On Tuesday 22 February 2022, Dr Silvia Blasi and Professor Silvia Rita Sedita joined Birkbeck’s Responsible Business Centre for a seminar on their latest research into this phenomenon. The paper discussed in this seminar is part of a project exploring B Corps funded by the University of Padova.

What is a B-Corp?

The B-Corp movement was launched in 2006 by B Lab, an American not-for-profit organisation, with the aim of creating an infrastructure for a new sector that would use the power of private enterprise to create public benefit.

The first 19 B Corps were certified in 2007 and the movement has rapidly gained momentum, with high-profile names such as Patagonia, Danone and Unilever becoming B-Corps. At the time of writing, there are now 3682 certified B Corps in over 70 countries and 150 industries.

The B Corps movement is accelerating a global shift to build a more inclusive and sustainable economy. Certification helps entrepreneurs to measure, capture and legitimise their social efforts (Woods, 2016). To obtain certification, an organisation must achieve a B impact assessment of 80 or more out of 200.

The growth of a movement

Since 2016, the number of companies that have used the B Impact assessment around the world has grown exponentially. During the COVID-19 pandemic, the number of B Corp certifications increased by 26%.

Dr Silvia Blasi noted that a rise in the number of B Corps has corresponded with increased scientific outputs in this field. A recent paper by the presenters conducts a literature review in this area and provides a clear-cut academic explanation of B-Corps.

Why is there a tendency towards decertification for B Corps?

Despite promising statistics showing the rise in new B Corp certifications, Silvia highlighted that in 2019, 930 B Corps were no longer certified. Her research aims to explore the reasons behind decertification.

Although there are no studies to date which explore decertification specifically, an analysis of the literature points to three main causes of decertification:

  • Financial problems – there is a high cost associated with (re)certification that poses a barrier to organisations.
  • Low economic benefits – organisations that do not see an increase in income as a result of certification are more likely to decertify in the future.
  • Perceived complexity of the certification process – perceptions of the certification process as a barrier and uncertainty about future requirements are a key factor behind decertification.

The presenters identified three further factors to explore that could impact on likelihood to decertify:

  • Size – small and medium-sized enterprises are at higher risk of decertification than larger companies. This could be due to limited resource and legitimacy challenges faced by smaller and younger firms.
  • Sustainability performance – research to date suggests that sustainability performance does not impact whether an organisation will become decertified.
  • Financial performance – Cao, Gehman and Grimes (2017) underline that de-certified companies have lower average sales compared to certified B Corps.

The study so far

Silvia shared insights from the presenters’ work-in-progress research paper exploring the reasons for decertification.

The research aimed to answer two questions:

  1. In comparison with currently certified B Corps, what are the main features of companies that did not maintain their B Corp certification?
  2. Are there any relationships between their decertification decision with their financial performance and sustainability performance?

The study sample comprised 1,272 companies, whose data was gathered from B Lab impact data and financial data from Orbis. Logistical regression analyses were used to assess the relationship between social, environmental and financial performance outcomes and B Corp decertification status.

The researchers found a theoretical assertion that B Corp decertification is susceptible to company size, with SMEs being particularly vulnerable. Organisations from Global South or developing economies also had a higher likelihood of decertification. In contrast, companies with higher operating revenue and strong governance had a weaker tendency towards decertification.

Company sector, community and location were not significant.

Silvia emphasised the importance of governance and workers as factors which have a significant role in shaping the probability of decertification, as these give priority to strategies and practices that benefit internal stakeholders. Inward investments in sustainability performance play a critical role in influencing the company’s decision to continue pursuing B Corp certification or not.

What are the implications for policy?

The findings of the study can help to identify signals of potential decertification so that certifying bodies can modify policies and processes to reduce decertification rates and companies can adopt new strategies and practices to retain certified status.

Supporting policies or company strategies could begin with boosting inward investment related to corporate governance, employee benefits, work environment etc. to ensure a solid basis for improving overall sustainability performance.

We would like to thank Dr Blasi and Professor Sedita for an insightful and thought-provoking discussion.

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