When Erika Karp started off her MBA in 1989, the term “sustainable development” had barely entered the company lexicon — allow by itself the business school curriculum.
But even right now, with sustainability at the prime of the commercial agenda, Karp — who went on to uncovered the effect expenditure group Cornerstone Cash — thinks business schools have to do extra to combine social and environmental subject areas into their programs.
She claims one element of her Columbia Business enterprise College MBA was remarkably relevant to her function in sustainable finance, even again then. “One of the finest programs was called controlling innovation,” recollects Karp, who now operates as main effect officer at Pathstone, the US household office that this calendar year acquired her agency. “The term the professor used was ‘frame-breaking change’. And what I saw in the environment of sustainability and effect investing was possibly body-breaking change.”