Center for Sustainable Business

Our Book Discussion With Jack Ewing and NYU's Center For Sustainable Business

On May 23, the NYU Stern Center for Sustainable Business and Ethical Systems welcomed Jack Ewing, European Economics Correspondent for The New York Times, for a discussion of his new book "Faster, Higher, Farther: The Volkswagen Scandal".

Ethical Systems CEO Azish Filabi introduced Jack Ewing and discussed the ways in which this event exemplifies the mission of each center: "This event is a great opportunity for our two organizations to partner given the overlap between ethical failures and environmental impact at VW.  That VW’s actions breached the trust of its customers, employees, and the government is an understatement. The emissions fraud represents not only disregard for good business practices, but also the necessity of businesses to be at the forefront of meeting global environmental challenges. It is precisely the type of management decisions we are educating Stern students NOT to make."

Ewing, who has spent more than 20 years covering German business and economics, opened his presentation with a brief history of Volkswagen, which emerged in the late 1940s as the icon of post-war German regeneration. He detailed Volkswagen’s fraudulent emissions testing and took the audience behind the scenes to expose how this deception happened, who discovered it and how the company tried to cover up its misdeeds.

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Featured Ethics [and Sustainability] Scholar for January: Tensie Whelan

Interview with Tensie Whelan, Clinical Professor and Director of the Center for Sustainable Business at NYU Stern

 

Why was now the right time to launch the Center for Sustainable Business here at Stern? Why was Stern the right home for this important center? 

Business manages the majority of the resources on the planet.  In the US, for example, business is responsible for $18 trillion of GDP and government and civil society $3 trillion. If we wish to solve the environmental and social challenges before us, we need business to play a leadership role. Stern, with its location in the world’s financial center, and its award-winning faculty and students who are focused on finance, can play a unique role in addressing the structural problems of shareholder capitalism and the Center for Sustainable Business can assist the transition to a capitalism better suited to the needs of the 21st century.

The moment is right because a growing number of business leaders such as Paul Polman at Unilever, John Mackey at Whole Foods and Larry Fink at BlackRock are questioning the benefits of short-termism and are turning to their broader purpose in society.  These business leaders need research, networks and employees who can help them on this journey and CSB can be a key partner.

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