Faculty & Research
Faculty & Research
64
Results
- June 2025
- Teaching Material
Transforming a Titan (B)
By: George Serafeim and Lena Duchene
| After a global search the board appoints Marcel Cobuz—ex-LafargeHolcim executive with deep innovation experience—as TITAN’s first non-family CEO. Cobuz co-creates a four-pillar roadmap: sharpen the core cement portfolio, accelerate low-carbon products and aggregates,... |
- June 2025
- Teaching Material
Transforming a Titan (C)
By: George Serafeim and Lena Duchene
| Three years in his tenure as CEO, Cobuz must decide whether to launch a more than 500 million carbon-capture-and-storage facility. The project—Europe’s largest planned CCS installation—would cut almost 20% of group emissions and unlock a 234 million EU Innovation Fund... |
- June 2025
- Case
Transforming a Titan (A)
By: George Serafeim and Lena Duchene
| Dimitri Papalexopoulos, fourth-generation CEO of TITAN Cement, must decide whether to keep leading the 120-year-old, family-controlled firm or hand the reins to new management. Over 26 years he has turned TITAN from a domestic player into an internationally diversified... |
- December 2024
- Teaching Material
Northvolt: Building Batteries to Fight Climate Change (B)
| The (B) case explores Northvolt’s Chapter 11 bankruptcy filing on November 21, 2024, highlighting the company’s struggles to scale operations amid a global EV market slowdown and internal production challenges. While the (A) case detailed Northvolt’s ambitious... |
- 2024
- Working Paper
Climate Solutions, Transition Risk, and Stock Returns
By: Shirley Lu, Edward J. Riedl, Simon Xu and George Serafeim
| Using large language models to measure firms' climate solution products and services, we find that high-climate solution firms exhibit lower stock returns and higher market valuation multiples. Their stock prices respond positively to events signaling increased demand... |
- 2024
- Working Paper
Catalysts for Climate Solutions: Corporate Responses to Venture Capital Financing of Climate-tech Startups
By: Shirley Lu, George Serafeim and Simon Xu
| We study whether incumbent firms increase their product focus on climate solutions in response to venture capital (VC) financing of climate-tech startups. Using large language models to measure a firm's focus on climate solutions, we find that incumbents in similar... |
- October 2024
- Teaching Material
Risks, Opportunities, and Investments in the Era of Climate Change (ROICC)
By: George Serafeim
| This course overview note introduces the course Risks, Opportunities, and Investments in the Era of Climate Change to students. |
- September 9, 2024
- Strategy + Business (website)
Ten Questions for a Winning Climate-transition Business Strategy
By: George Serafeim
| The move to a low-carbon economy will create opportunities for innovation and growth. To make the most of them, leaders must understand the challenges they could face along the way. |
- August 2024
- Case
Iogen: Decarbonizing Hard-to-Abate Sectors
By: George Serafeim, Charlotte Foody and John Mulliken
| Brian Foody, CEO of Iogen Corporation, was an early leader in advanced biofuels, developing a range of technologies to transform agricultural waste into transportation fuel. With $100 million in revenue and 350 patents across various biofuel technologies, Iogen was... |
- July 2024
- Teaching Material
Investing in the Climate Transition at Neuberger Berman
By: George Serafeim
| Teaching Plan for HBS Case No. 123-092. |
- July 2024
- Teaching Material
KOKO Networks: Bridging Energy Transition and Affordability with Carbon Financing
By: George Serafeim
| Teaching Plan for HBS Case No. 124-022. |
- July 2024
- Teaching Material
Business Implications from Regulating Carbon Emissions in the EU
By: George Serafeim
| Teaching Plan for HBS Case No. 122-106. |