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  • All HBS Web  (5,927)
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  • July 2009 (Revised January 2014)
  • Case

Sustainability at Millipore

By: Michael W. Toffel and Katharine Lee
This case describes Millipore Corporation's approach to becoming a more environmentally sustainable company. As he prepared for his quarterly meeting with the CEO, the Director of Sustainability needed to develop positions on several issues. Tactically, he needed to... View Details
Keywords: Investment; Corporate Disclosure; Operations; Corporate Social Responsibility and Impact; Organizational Structure; Natural Environment; Environmental Sustainability; Pollutants
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Toffel, Michael W., and Katharine Lee. "Sustainability at Millipore." Harvard Business School Case 610-012, July 2009. (Revised January 2014.) (defining sustainability in a corporate context, managing greenhouse gas (GHG) emissions including inventories, targets, disclosure, reduction strategies.)
  • April 2017 (Revised March 2024)
  • Case

Making Target the Target: Boycotts and Corporate Political Activity

By: Nien-hê Hsieh and Victor Wu
Through the challenges facing Target, the case examines ways in which corporations can become involved in political and legislative debates and processes, ranging from campaign contributions to lobbying to political activism. In 2016, Target CEO Brian Cornell must... View Details
Keywords: Boycott; Corporate Political Activity; Lobbying; LGBTQ; Campaign Contributions; Campaign Finance; Retail; Shareholder Activism; Public Opinion; Social Issues; Corporate Social Responsibility and Impact; Mission and Purpose; Problems and Challenges; Laws and Statutes; Rights; Crisis Management; Risk Management; Media; Political Elections; Taxation; Corporate Accountability; Values and Beliefs; Fairness; Diversity; Customers; Communication; Business and Government Relations; Retail Industry; United States
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Hsieh, Nien-hê, and Victor Wu. "Making Target the Target: Boycotts and Corporate Political Activity." Harvard Business School Case 317-113, April 2017. (Revised March 2024.)
  • 24 Mar 2021

Profit and Responsibility: Combating Climate Change as Part of Your Corporate Strategy

  • 2002
  • Book

Changing Fortunes: The Remaking of the Industrial Corporation

By: Nitin Nohria, Davis Dwyer and Fred Dalzell Jr.
Keywords: Industrial Products Industry
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Nohria, Nitin, Davis Dwyer, and Fred Dalzell Jr. Changing Fortunes: The Remaking of the Industrial Corporation. New York: John Wiley & Sons, 2002.
  • October 2007 (Revised October 2009)
  • Case

Global Climate Change and BP

By: Forest L. Reinhardt and Mikell Hyman
Following the sudden resignation of Sir John Browne, Tony Hayward, BP CEO, must decide how global climate change management will figure into BP's corporate strategy. Climate change management was a major part of BP's strategy under Browne: In 1997 Browne broke from his... View Details
Keywords: Change Management; Climate Change; Corporate Strategy; Corporate Social Responsibility and Impact; Management Teams; Environmental Sustainability; Government and Politics; Energy Sources; Global Strategy; Operations; Utilities Industry; Energy Industry; United Kingdom
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Reinhardt, Forest L., and Mikell Hyman. "Global Climate Change and BP." Harvard Business School Case 708-026, October 2007. (Revised October 2009.)

    Innovating for Sustainability

    Every major company is grappling with the meaning and application of sustainability in relation to its geographic location, industry and business model. Similarly, more and more institutional investors are incorporating sustainability into their... View Details

    • 21 Aug 2023
    • Video

    Student Opportunities and Experiences in Climate and Sustainability at HBS

    • TeachingInterests

    Leadership and Corporate Accountability

    By: Paul M. Healy
    This course focuses on the responsibilities of companies, their leaders, and their boards. Its aim is to deepend students' understanding of the economic, legal, and ethical dimensions of these responsibilities and to provide practical guidance on driving performance... View Details
    • Research Summary

    Financial Markets and Corporate Governance

    By: Dwight B. Crane
    Corporate scandals beginning in the late 1990s focused renewed attention on corporate governance, but significant cracks in the governance system also contributed to recent problems. Deregulation and growth of financial markets, as well as changes in the competitive... View Details
    • 22 Jan 2019
    • Working Paper Summaries

    Corporate Sustainability: A Strategy?

    Keywords: by Ioannis Ioannou and George Serafeim
    • 2022
    • Chapter

    Interrogating Corporate Purpose: Values Based Firms and the Struggle to Build a Just and Sustainable World

    By: Rebecca Henderson
    Book Abstract: Defining a just economy in a tenuous social-political time. If we can agree that our current social-political moment is tenuous and unsustainable—and indeed, that may be the only thing we can agree on right now—then how do markets, governments, and... View Details
    Keywords: Moral Sensibility; Social Issues
    Citation
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    Henderson, Rebecca. "Firms, Morality, and the Search for a Better World." Chap. 7 in A Political Economy of Justice, edited by Danielle Allen, Yochai Benkler, Leah Downey, Rebecca Henderson, and Joshua Simons, 187–209. Chicago: University of Chicago Press, 2022.
    • Program

    Strategy: Building and Sustaining Competitive Advantage

    geography Distinguish between short-run gains and lasting competitive advantage Adapt your strategy to market shifts and your organization's changing ambitions Transform ideas... View Details
    • December 2012
    • Article

    What Drives Corporate Social Performance? The Role of Nation-level Institutions

    By: Ioannis Ioannou and George Serafeim
    Based on Whitley's "National Business Systems" (NBS) institutional framework (Whitley 1997, 1999), we theorize about and empirically investigate the impact of nation-level institutions on firms' corporate social performance (CSP). Using a sample of firms from 42... View Details
    Keywords: Environment; Environmental Performance; Corporate Social Responsibility; Sustainability; Institutions; Institutional Theory; Corporate Social Responsibility and Impact; Environmental Sustainability; Corporate Governance
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    Ioannou, Ioannis, and George Serafeim. "What Drives Corporate Social Performance? The Role of Nation-level Institutions." Journal of International Business Studies 43, no. 9 (December 2012): 834–864.
    • 2018
    • Working Paper

    Corporate Refinancing, Covenants, and the Agency Cost of Debt

    By: Daniel Green
    How valuable are restrictive debt covenants in reducing the agency costs of debt? I exploit the revealed preference decision to refinance fixed-coupon bonds, which weighs observable interest rate savings against the unobservable costs of a change in restrictive... View Details
    Keywords: Covenants; Refinancing; Corporate Bonds; Agency Costs; Debt Policy; Borrowing and Debt; Bonds; Interest Rates
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    Green, Daniel. "Corporate Refinancing, Covenants, and the Agency Cost of Debt." Working Paper, 2018. (Revise and Resubmit, Journal of Finance.)
    • 1994
    • Other Unpublished Work

    Interest Allocation Rules and the Changing Cost of Debt Finance

    By: K. A. Froot and J. Hines
    Keywords: Corporation Taxation; Interest Deductibility; Cost of Capital; Taxation; Interest Rates; Borrowing and Debt; Corporate Finance
    Citation
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    Froot, K. A., and J. Hines. "Interest Allocation Rules and the Changing Cost of Debt Finance." Harvard University, 1994.
    • 2006
    • Comment

    The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada

    By: Jordan I. Siegel
    This chapter features an admirable effort by by Morck, Percy, Tian, and Yeung to apply recent developments in law and finance theory to a longitudinal country-level case study. The authors closely examine nearly 500 years of Canadian corporate governance and analyze... View Details
    Keywords: Corporate Governance Theory; Corporate Governance; Canada
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    Siegel, Jordan I. Comment on "The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada." A History of Corporate Governance around the World: Family Business Groups to Professional Managers, edited by Randall K. Morck. University of Chicago Press, 2006.
    • Fast Answer

    Sustainable investing and ESG resources

    Information Type Recommended Resources Overview & News ImpactAlpha
    News and information covering the sustainable and impact investment markets. Our subscription... View Details
    • December 2024
    • Article

    Can Activists Change Business for Good?

    By: Hiske Arts, Geoffrey Jones, Sarah Soule and Lora Verheecke
    Leading experts debate the ability of activists to successfully challenge unsustainable corporate behavior. Includes a discussion of the role of business leaders as actvivists. View Details
    Keywords: Corporate Responsibility; Activism; Spirituality; Power and Influence; Social Issues; Corporate Social Responsibility and Impact
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    Arts, Hiske, Geoffrey Jones, Sarah Soule, and Lora Verheecke. "Can Activists Change Business for Good?" Entreprises et histoire 117, no. 4 (December 2024): 143–154.
    • May 23, 2011
    • Article

    Leading and Lagging Countries in Contributing to a Sustainable Society

    By: Robert G. Eccles and George Serafeim
    To determine the extent to which corporate and investor behavior is changing to contribute to a more sustainable society, researchers Robert Eccles and George Serafeim analyzed data involving over 2,000 companies in 23 countries. One result: a ranking of countries... View Details
    Keywords: Change; Society; Corporate Disclosure; Natural Environment; Rank and Position; Social Issues; Financial Statements; Behavior
    Citation
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    Eccles, Robert G., and George Serafeim. "Leading and Lagging Countries in Contributing to a Sustainable Society." Harvard Business School Working Knowledge (May 23, 2011).
    • 2012
    • Working Paper

    Issuer Quality and Corporate Bond Returns

    By: Robin Greenwood and Samuel G. Hanson
    We show that the credit quality of corporate debt issuers deteriorates during credit booms, and that this deterioration forecasts low excess returns to corporate bondholders. The key insight is that changes in the pricing of credit risk disproportionately affect the... View Details
    Keywords: Price; Credit; Risk and Uncertainty; Investment Return; Forecasting and Prediction; Bonds; Market Design; Cost of Capital; Mathematical Methods; System Shocks
    Citation
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    Greenwood, Robin, and Samuel G. Hanson. "Issuer Quality and Corporate Bond Returns." Harvard Business School Working Paper, No. 11-065, January 2011. (Revised September 2012, Internet Appendix Here.)
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