Coal: Exit, voice or loyalty? The case of three mining multinationals

Companies desperately in need of a turnaround in fortunes should take inspiration from the 2008 rescue mission by the then-new Ford boss Alan Mulal...

Panelists debate the next US administration’s policy on China

In this study, we analyze how the performance-aspiration gap influences strategic change in family firms, providing evidence of the moderating role...

In today’s rapidly evolving market environment, businesses face growing pressure to move beyond the outdated ‘take-make-waste’ model. The future be...

The call by the former Italian prime minister and ECB president for massive investment in the EU is a wake-up call to Europe's economic stagnation....

September 2024 marks a turning point in the world of corporate management. Paul Graham, a prominent figure in Silicon Valley and founder of Y Combi...

An integrated approach to activities that occur outside of markets can have important impacts for companies

The case highlights the significant role played by the International Olympic Committee (IOC) in reducing its environmental footprint and promoting sustainability in sports. As the leader of the Olympic movement, the IOC bore the responsibility of setting a positive example to inspire the broader sports community. With ambitious climate targets aiming to cut its carbon footprint in half by 2030, the IOC implemented a range of measures to reduce the environmental impact of its organization. These included the introduction of carbon budgeting, the adoption of innovative carbon footprint management tools as well as specific measures targeting areas such as mobility, building management and procurement. The Olympic House, inaugurated in 2019, was built according to some of the highest sustainability standards and stood as a testament of the IOC’s commitment to sustainability. Strategies to reduce emissions associated with international business travel, a major contributor to the organization’s overall carbon footprint, were particularly successful. The impact of these measures had to be carefully evaluated, considering their potential effects on organizational culture, efficiency, communication, employee satisfaction and talent attraction. Furthermore, the IOC leadership reflected on the effectiveness of its actions in inspiring other organizations within the Olympic movement to embrace sustainability practices. Looking ahead, the IOC remained committed to intensifying its efforts to achieve its carbon reduction goals by 2030. This included exploring improvements in impact measurement and introducing incentive schemes aimed at further encouraging carbon reduction.

To restore Rio Tinto's social license and direct its decarbonization activities, CEO Jakob Stausholm places a strong emphasis on developing relatio...

The Inner Development Goals (IDGs) help leaders to tackle tough challenges and drive meaningful change. Learn more about IMD's Leading Sustainable ...