“In keeping with their commitment to use the power of business to make a positive impact, the Net Impact team really wanted to focus on the interaction between financial markets — business in a nutshell — and global climate change,” said T.L. Hill, managing director of the Enterprise Management Consulting Practice at the Fox School.
Fox School Dean M. Moshe Porat, one of the conference’s speakers, said the Fox School of Business’ entrepreneurship program’s strong emphasis on socal entrepreneurship is one of the reasons why the program is consistently near the top of rankings such as those by the Princeton Review, U.S.News and World Report, and Entrepreneur magazine.
“Doing good is good for business,” Porat said.
Among the conference’s speakers was Bart Houlahan, whose nonprofit B Corporation certifies corporations that “create public benefit along with profit.” He stressed the importance of utilizing “creative capitalism” through “green” investments.
“There is going to be a new way to do business in the next 20 or 30 years,” Houlahan said.
“Environmental business is the future way to do business,” said Peter Seltzer, a senior entrepreneursip major with a minor in environmental studies. “That’s why these conferences are so important.”
The first of two panels, consisting of investors and entrepreneurs including Clayton Lane, co-founder of PhillyCarShare, and Nadia Adawi, president of Philadelphia Fry-o-Diesel, followed Houlahan and discussed environmental sustainability while answering questions from the audience.
Philadelphia Fry-o-Diesel, a company that converts waste grease into biodiesel, and PhillyCarShare served as local examples of how “green” investing is more than an environmental fad.
“Green services thrive when they also deliver value like convenience or affordability to individuals and businesses,” Lane said. “Social entrepreneurs have found how to make that formula work. Green investing is here to stay.”
— Written by Tom Rice
For the Fox School of Business