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Kenan Institute 2022 Annual Theme: Stakeholder Capitalism
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Market-Based Solutions to Vital Economic Issues

Sustainability

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Pless, a Kenan Institute Distinguished Fellow, will discuss the degree to which divestment versus continued investment in polluting industries might help drive the transition to a cleaner economy.

Patagonia founder Yvon Chouinard and his family will transfer ownership of the company – valued at roughly $3 billion – to two newly created environmental trusts. In this Kenan Commentary, we ask four questions to determine how Chouinard’s move fits into the framework of the institute’s annual theme, stakeholder capitalism, and whether a better comparison is the laudable but more common idea of an altruistic business owner.

A new personal gift from Bruce Van Saun, Citizens Financial Group Inc. chairman and CEO, and his wife, Kathleen (Katie) Van Saun, will support the Kenan Institute’s annual grand challenge. Starting in 2023, the three-year gift will support the institute’s Distinguished Fellows, who advance thought leadership around the grand challenge’s theme, a key issue that affects business and society. The program is making its debut this year with an exploration of stakeholder capitalism and ESG investing. The Van Sauns earned their MBAs from UNC Kenan-Flagler Business School in 1983 and were married in 1985.

UNC Kenan-Flagler Business School Finance Professor Stephen Arbogast discusses why embargoes on Russian oil aren’t working, why renewable energy sources aren’t the fix and how the missing link in increasing production could stabilize Europe’s energy outlook.

Further embracing renewable energy sources can help in the long term, but short- and medium-term solutions will require other answers. Join us for a virtual discussion at 11 a.m. June 20 as Stephen Arbogast, Kenan-Flagler Business School Finance Professor and director of the Energy Center, talks with Chief Economist Gerald Cohen about how focusing on the global energy supply can help Europe select the best options for creating a more stable energy outlook.

Mark Little, executive director of the Kenan Institute-affiliated center CREATE, provided expert testimony in a process that resulted in a May 11 settlement agreement regarding contracting and hiring practices for Dominion Energy’s $9.8 billion Coastal Virginia Offshore Wind renewable energy project.

The Frank Hawkins Kenan Institute of Private Enterprise is thrilled to announce its 2022 class of Distinguished Fellows. Appointed on an annual basis, the Distinguished Fellows comprise an exemplary set of global scholars committed to leveraging their individual expertise, thought leadership, research and networks to further the institute’s efforts to examine and drive solutions to issues facing business and the economy today.

Stakeholder Capitalism

Purpose is the corporate buzzword of today, with politicians, the public and even shareholders calling on businesses to serve wider society. But purpose is also controversial, because companies have a responsibility to deliver returns to investors. Is there a trade-off between purpose and profit, or is it possible for companies to achieve both? The Kenan Institute of Private Enterprise hosted a virtual talk featuring London Business School Finance Professor Alex Edmans, who critically examined the case for purposeful business using rigorous evidence and real-life examples to show what works – and, importantly, what doesn’t. He discussed practical ways for businesses of all sizes to put purpose into practice, how investors and citizens can play their part, and how we can distinguish businesses that are truly purposeful from those that are greenwashing.

07
Apr
2022
Stakeholder Capitalism

Join the Kenan Institute of Private Enterprise for a virtual talk featuring London Business School Finance Professor Alex Edmans, who will critically examine the case for purposeful business using rigorous evidence and real-life examples to show what works – and, importantly, what doesn’t.

The Kenan Institute’s deep dive into stakeholder capitalism has exposed shortcomings in a key building block: ESG measurement. In this one-hour virtual session, we will convene a cross-sector group of panelists to discuss why ESG measurements matter to businesses large and small. The panelists will offer recommendations on scalable implementation, suggest how best to leverage such measures to meet the needs of different stakeholder groups, and provide tips on how to design reporting that is free from political influence and agendas.

The Kenan Institute’s deep dive into stakeholder capitalism has exposed shortcomings in a key building block: ESG measurement. Our experts have explored the issue at length, proposing ways of refining these measures to produce structures that could meet the needs of multiple stakeholders while also working to design reporting free from political influence and agendas. As a next step, the Kenan Institute hosted a conversation featuring a business leader, investor and standard setter to discuss how we might turn these ideas into solutions to help integrate stakeholder capitalism principals into business and investment decisions.

In this interactive virtual workshop, learn how news gets made and how you can evaluate the credibility of news you find on the web. These practical skills will help you become news literate in your professional and personal lives.