The document features 23 initiatives by EGADE Business School, each of which impacts at least one of the 17 Sustainable Development Goals (SDGs).
By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL
EGADE Business School's contribution to advancing the SDGs was reflected through its leadership in 23 key initiatives, in particular its impact research and the exhibition "Photographs to Transform our World" during the presentation of Tecnológico de Monterrey's 3rd Report on Sustainable Development Initiatives.
The document gathers 851 initiatives by theTecnológico de Monterrey community, including Tecmilenio and TecSalud, implemented between January 1, 2022, and December 31, 2023.
Te invitamos a conocer el 3er Reporte de Iniciativas de Desarrollo Sostenible 🌍 Descubre cómo 851 proyectos impulsados por nuestra comunidad han beneficiado a más de 900 mil personas en México, reafirmando nuestro compromiso con un futuro sostenible y un impacto positivo. 🔗Haz… pic.twitter.com/WyVxWBDB35
— Tecnológico de Monterrey (@TecdeMonterrey) August 29, 2024
EGADE Business School stood out in this collective effort with the initiative "Scientific Publications in SCOPUS Impacting the 2023-2024 SDGs", led by Osmar Zavaleta, associate dean of research.
This research initiative, aimed at aligning scientific production with the SDGs, resulted in 142 academic publications, a published book, a coordinated book, and 30 dissemination articles by professors from EGADE Business School and the Tec School of Business School.
The 23 EGADE Business School initiatives include participation in the Principles for Responsible Management Education (PRME)Champions Program, faculty collaboration in the Agenda 2030 Working Groups, the launch of EGADE Action Week, the signing of a collaboration agreement with the Nuevo León State Ministry of Equality and Inclusion to strengthen Civil Society Organizations, and financial aid for students from EGADE Advancing Women In Business.
The Executive Education programs also excelled, including Climate Governance for Board Members and Senior Managers, Leadership for Climate Action, Professionalization of Civil Society Organizations, Business Sustainability, Circular Economy: Business Strategy, Finance for Sustainability, and Sustainable Leadership.
The report was presented byPaola Visconti, Ruta Azul Liaison manager, on August 28 in La Carreta, at Tec's Campus Monterrey, where directors and members of the community came together to celebrate these achievements.
The event included a un panel with the participation of David Garza, rector and executive president of Tec; Inés Saenz, vice-president of Inclusion, Social Impact and Sustainability; and Carlos Bejos, national manager of Digital Inclusion andPrepanet.
"The challenge we are facing is considerable, but we are confident that, if various key actors and sectors join forces, we will be able to speed up our progress towards achieving the SDGs," Garza commented.
To conclude the event, Horacio Arredondo, dean of EGADE Business School, invited the attendees to visit the photography exhibition set up in the same venue.
The exhibition, comprised of 10 images selected in a competition organized by EGADE Business School, displayed inspiring visions captured by students, graduates, professors, and collaborators to rethink the future of business and promote the SDGs.
The fourth edition of the EGADE Business School Master in Finance event took place for the second year running at the Mexican Stock Exchange (BMV).
ByJOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL
For the second consecutive year, the 2024 Master in Finance National Congress of EGADE Business School—Tecnológico de Monterrey took place on August 15 and 16 at the emblematic headquarters of the Mexican Stock Exchange (BMV) in Mexico City.
In its fourth edition, the event brought together over 100 students from the Monterrey and Santa Fe sites, as well as the Online Master in Finance program, for two intensive days of learning, reflection, and networking through conferences, panels, and various activities.
Horacio Arredondo, dean of EGADE Business School; Pablo Necoechea, regional director of EGADE Business School in Mexico City and Querétaro; and Concepción del Alto, national director of the Master in Finance at EGADE Business School, welcomed participants.
THE STOCK MARKET AND THE FINANCIAL MARKET
Jorge Alegría, CEO of the BMV, shared his vision of the financial market's challenges and opportunities in Mexico.
Additionally, Ramón Güémez, the BMV's CFO, offered the conference “BMV Group: Business Strategy and Financial Performance,” in which he stressed that the BMV not only operates as a transaction centre but also plays a crucial role in post-negotiation through its Clearing House and Indeval.
REAL ESTATE AND INDUSTRIAL SECTOR OPPORTUNITIES
Gene Towle, CEO of Softec Consultoría Inmobiliaria, gave a conference on "Real Estate Opportunities", highlighting that over the next 20 years, the number of homes in Mexico’s largest cities is expected to double, indicating a significant expansion of the real estate market.
"We are looking at the greatest opportunity in the real estate market in history. We have clients, and we have capital. We have credit. We can execute," Towle emphasized.
Meanwhile, Jorge Girault, Prologis's CFO, stressed the company's robust strategy to maintain its market leadership in his conference "Prologis and the dynamics of the industrial sector environment in Mexico."
He underscored the importance of diversification and risk management in Prologis' strategy, highlighting that the company avoids excessive concentrations on a single client or sector and maintains a solid balance sheet with low leverage.
HIGH-VALUE NETWORKING
The panel “Driving high-value networking” featured the participation of Concepción del Alto as moderator; Denisse Montesinos, chair of the Board of Directors and co-founder of Mujeres en Finanzas México; José Domingo Figueroa, National President of IMEF; and José Segarra, President of the CFA Society México.
The experts stressed the importance of active participation in professional organizations to promote the development of skills, the creation of contact networks, and the influence on public policies.
Figueroa highlighted how IMEF offers a platform for its members to contribute to the country's economic growth, not only through exchanging knowledge and experiences but also through influencing public policies and personal and professional projection.
Montesinos then emphasized the need to promote diversity and inclusion in the financial sector and highlighted Mujeres en Finanzas México's efforts to create a safe and supportive environment for women in finance, including initiatives such as mentoring and professional development programs that help close the wage gap and foster female leadership in senior positions.
Segarra complemented the discussion by describing how CFA certification prepares professionals to face ethical and financial challenges while explaining the importance of being connected to international networks that promote the highest standards of professionalism in finance.
SUSTAINABILITY AND SOCIAL CHALLENGES
Boyd Cohen, a professor at EGADE Business School, presented the conference “Accelerating an economy of abundance in Mexico,” in which he argued that exponential technology combined with sustainability strategies can transform challenges into profitable business opportunities.
"This is a unique moment in time to create a world of abundance by combining exponential technologies with more interesting sustainability models to create inclusive prosperity," Cohen stated.
The next panel, “Social Challenges and Infrastructure,” featured EGADE Business School professor Rajiv Maher as moderator, Alejandra Ochoa, Director of Sustainability and Corporate Affairs at Viva Aerobús, María Laura Gutiérrez, Deputy Director of Sustainability at Grupo Deacero, and Julia González, Vice President of Women Energy Network Mexico.
The participants discussed the importance of addressing the Sustainable Development Goals (SDGs) in Mexico from within different sectors.
Mahernoted that although Mexico has made progress regarding SDG compliance policies, the country still faces a significant lag, especially in areas such as resilient infrastructure and inclusive industrialization.
Ochoa described how Viva Aerobús’ low-cost model has democratized air transport in Mexico, although it also faces challenges in balancing sustainability with operational efficiency.
Gutiérrez explained how Grupo Deacero has integrated sustainability into its operations by recycling scrap and reducing emissions, underlining the importance of investing in sustainable infrastructure for the industry's future.
González added that collaboration between companies, governments and communities is key to advancing the SDGs, giving projects in the energy sector that have improved the quality of life of local communities as examples.
GREENWASHING AND ITS FINANCIAL RISKS
The panel "Greenwashing as a financial risk: motivations, consequences and how to mitigate it" was moderated by Eduardo Aguiñaga, National Director of Full-Time Programs at EGADE Business School, and included the participation of Mario Elías González, associate professor at EGADE Business School; Noemí Cortés, independent advisor; José Antonio Quesada, president of the National College of Independent Professional Business Advisors; and Jordi Cueto-Felgueroso, Sustainability Manager at Coca-Cola FEMSA.
Aguiñaga stated that greenwashing can occur when companies exaggerate their sustainable actions, eroding trust and credibility.
González stressed that a lack of technical knowledge and unfair competition could lead companies to engage in these practices, thus generating scepticism about the profitability of sustainability.
Cortés then emphasized the importance of ethics and corporate governance in preventing greenwashing, explaining that boards of directors must ensure that sustainability strategies are aligned with company values and backed by real actions.
Quesada added that oversight and regulation are essential to prevent greenwashing and warned that companies must prepare to comply with more stringent regulations in the future.
Cueto-Felgueroso discussed how Coca-Cola FEMSA has implemented concrete measures to prevent greenwashing, such as issuing audited and verifiable sustainability bonds, ensuring that actions are more than just a green façade.
The congress also offered activities such as a tour of the Stock Market Museum (MUBO) and a simulation of "open-outcry” transactions, reviving the pre-electronic system tradition.
Alfredo Ramírez, director of the Master in Finance at EGADE Business School Santa Fe, brought the congress to a close by highlighting how the event not only provided participants with a platform to explore opportunities in the real estate market, reflect on best sustainability practices and understand the dynamics of the industrial sector in Mexico but also underscored the importance of ethics, innovation and social responsibility in the professional practice of finance.
The agenda included academic and business visits in the Big Apple and an academic program at SOM.
By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL
EGADE Business School - Tecnológico de Monterrey students participated in the 2024 EGADE International Summer, which included academic and business visits in New York City and an academic program at Yale School of Management.
The experience began from August 5 to 9 and started in New York. Participants toured the United Nations headquarters and visited the offices of leading businesses, such as Johnson & Johnson, Goldman Sachs, Google, BBDO,and BlackRock.
The group then traveled to Yale SOM in New Haven, Connecticut, where they completed the Behavioral Science of Management program.
The group was accompanied by Claudia Quintanilla, director of the Department of Marketing and Business Intelligence of EGADE Business School, and Olivia Pineda and Yolanda Lozano, academic coordinators.
EGADE director shares his vision of the future of energy under the next administration in Mexico.
By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL
On the third and final day of Fuel Week 2024, prominent experts and leaders from the energy sector met to discuss the industry's expectations and needs following the arrival of the new administration in Mexico.
During the roundtable "New administration, new opportunities," Pablo Necoechea, regional director of EGADE Business School in Mexico City and Querétaro, shared his vision of the sector's future under the next Mexican president, Claudia Sheinbaum.
Necoechea stressed the importance of aligning the new administration's opportunities with global trends in sustainability and technological innovation in the energy sector.
Sheinbaum received the president-elect certificate on August 15, confirming her victory in the June 2 elections. Shewill assume the Presidency on October 1 and complete her term on September 30, 2030.
“We are at a crucial moment where we must align with the existing opportunities, which offer enormous benefits. The new administration will keep this in mind,” Necoechea said.
He also highlighted the importance of not leaving everything to the government, urging each sector to contribute from its area to strengthen the industry through training and technical development.
Rocío Robles, founding partner of Lobbying Mexico, also participated in the roundtable. She underscored how important it is for the new administration to maintain a sensitive and regionally diverse vision when drafting public policies, based on Claudia Sheinbaum's direct experience traveling across much of the country during her campaign.
Oscar Ocampo, leader of Energy Projects at IMCO, expressed his concern about the national electricity system's current capacity to support the increased demand generated by electromobility.
He pointed out that a favorable investment framework and a creative financial strategy will be needed to address this challenge.
For his part, Marcial Díaz, president of the Association of Regulated Entities in the Energy Sector, emphasized that, although the energy transition in Mexico is advancing slowly, it must be implemented in collaboration with the private sector.
He emphasized the importance of having clear and observed rules to foster investment in the sector.
Fuel Week was a virtual event held from August 13 to 15, prior to the 2024 International Energy Summit Mexico, which will take place in November in Mexico City.
EGADE Business School faculty members and doctoral candidates share their research advancements and contribute to international academic debate.
By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL
EGADE Business School -Tecnológico de Monterrey was an outstanding participant at the 84th Annual Meeting of the Academy of Management (AOM 2024), held from August 9 to 13 in Chicago.
The event, centered on "Innovating for the Future," gathered academics and global leaders to explore the interrelationship between innovation, politics, and purpose in management and organizations.
Jill Kickul, Alysha Shivji, Bryan Husted, Ajnesh Prasad, Rajiv Maher, Felipe Symmes, Ricardo Buitrago, and José Ernesto Amorós, along with doctoral students Katia Villafuerte, Yuri Hirayama, and Milton Paredes, participated as academics from EGADE Business School.
The EGADE Business School representatives presented their research in different AOM divisions, sharing their advancements and contributing to international academic debate.
Apart from presenting their papers, the EGADE Business School participants also played a vital role in the Professional Development Workshops (PDW), where they addressed critical topics on teaching, research, and academia’s connection to diverse sectors.
Within the event's framework, EGADE Business School, the Undergraduate School of Business, and the Faculty of Excellence initiative of Tecnológico de Monterrey co-organized a reception with the Iberoamerican Academy of Management to strengthen the school’s presence among the Latin community participating in AOM.
José Ernesto Amorós, associate dean of Faculty at EGADE Business School, also took part in executive meetings of the Iberoamerican Academy of Management, where he acted as vice president, and of the Entrepreneurship Division, of which he is a committee member.
It must be noted that EGADE Business School is a Gold Sponsorof the Entrepreneurship Division and supports all its activities.
EGADE Business School's presence at AOM 2024 reaffirmed its commitment to research, academic excellence, and leadership in global business education.
Experts assert that overcoming governmental barriers is crucial for a more favorable civil society environment.
By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL
In an effort to enhance collaboration between community foundations and philanthropic families, international experts gathered on August 8th at EGADE Business School in Monterrey, Mexico, to discuss five key opportunities to strengthen these connections.
The event, entitled "Business Family Philanthropy: A Positive Impact on the Community," was organized by the Institute of Family Businesses (IFEM) of Tecnológico de Monterrey and the Comunidar Foundation to provide a space for reflection on how the philanthropy of family businesses can generate positive and lasting impacts on their communities.
María Fonseca, Director of IFEM, welcomed the participants and emphasized the importance of this dialogue for the strengthening of the philanthropic sector in Mexico.
Michael Moody, Professor of Philanthropic Studies at Indiana University, and Michael Layton, W.K. Kellogg Community Philanthropy Chair at Grand Valley State University, presented these opportunities based on recent research conducted in Mexico.
The study included interviews with 49 people involved in family or community philanthropy and highlighted the urgent need to strengthen relationships between these two pillars of social impact.
The five opportunities identified for strengthening these connections were:
Focusing on collaboration, learning, and advocacy: Identifying and overcoming the governmental barriers that philanthropic families face, with the support of community foundations, is essential for creating a more propitious environment for civil society.
Articulating the case for community philanthropy: Many philanthropic families still do not fully understand the concept of a community foundation. Foundations must articulate and promote the community philanthropy model to increase understanding and acceptance.
Cultivating advocates for community philanthropy and disseminating the case: The search for trusted leaders to improve communities is a priority for philanthropic families. Foundations can play a key role in connecting with local leaders and expanding relationships across diverse sectors.
Cultivating a broader and deeper philanthropic culture: Foundations should strive to attract a more diverse audience of donors and volunteers, especially young people, to broaden the support base for philanthropy.
Increasing visibility and trust in the sector: Strengthening philanthropy's visibility and credibility is fundamental. Foundations should focus their efforts on impact measurement and effective communication of results achieved.
Following the presentation of these opportunities, Ana María Sánchez Rodríguez, Director of Philanthropy at Cemefi; Eduardo Garza T. Fernández, Honorary Chairman of FRISA; and Eduardo Garza T. Junco, current Chairman of the Board of FRISA, shared their reflections and comments.
The panelists underscored the importance of these points for promoting more effective and collaborative philanthropy in Mexico and shared their experiences of the positive impact that family businesses can have on their communities.
The event highlighted the relevance of research as a tool to identify opportunities and challenges in philanthropy, emphasizing that partnering community foundations and philanthropic families is vital for enhancing social impact in Mexico.
Rolando Fuentes was invited to present a coauthored study in San Lázaro that proposes a new electricity subsidy strategy in response to nearshoring in Mexico.
By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL
"The exponential growth of solar power will change the world, not just the electricity sector," stated Rolando Fuentes, research professor at EGADE Business School - Tecnológico de Monterrey, citing a recent article in the The Economist, to the Energy Commission of the Chamber of Deputies.
The academic was invited to present a study he had coauthored on July 31 at the San Lázaro Legislative Palace. In it, he highlighted how the transition towards renewable energies, particularly PV solar, is redefining global economies and energy infrastructure.
"This type of technology can be implemented more rapidly in zones that are more likely to receive new investments, which is crucial in order to capitalize on the advantages of nearshoring."
The document proposes a shift from price-based to quantity-based electricity subsidies in Mexico.
He explained that this change would use distributed generation, especially PV solar, to address the increased demand produced by nearshoring in an efficient, sustainable manner.
Fuentes emphasized how the realignment of global value chains, particularly China to the United States, puts Mexico in a strategic position to attract foreign investment, reinforced by the technological advancements in the electricity sector of the past few decades.
Fuentes’ proposal seeks to capitalize on solar power's modularity and rapid implementation to respond to local needs and accelerate the expansion of electricity infrastructure.
He also suggested that complementing quantity-based subsidies with industrial initiatives could drive local solar panel production and foster employment and technological development.
Representative Manuel Rodríguez González, president of the Energy Commission, recognized that Fuentes’ contribution is significant for debate on energy reform in Mexico, highlighting his innovative proposals and their potential for improving electricity infrastructure in the country.
The renowned international double degree is jointly offered by EGADE Business School at Tecnológico de Monterrey and the W. P. Carey School of Business at Arizona State University.
By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL
The EGADE—W. P. Carey Executive MBA program has been ranked number one in Latin America and 16th worldwide in the QS Executive MBA Rankings 2024: Joint Programmes, standing out among the best joint executive MBA programs globally.
This year, the Quacquarelli Symonds ranking evaluated 27 joint executive MBA programs, considering those offered in partnership between more than one business school.
The ranking, published on July 17, highlights the prestige and quality of the EGADE - W. P. Carey Executive MBA, a 15-month international double degree designed for future senior executives with a focus on corporate innovation, analysis, and global impact.
This program is delivered by EGADE Business School at Tecnológico de Monterrey in collaboration with the W. P. Carey School of Business at Arizona State University.
The QS Executive MBA Ranking methodology highlights the best executive MBA programs worldwide, evaluating indicators such as employer reputation, academic reputation, career development, executive profile, and alumni diversity.
To be eligible, programs must have at least one graduating class and recognized accreditations, among other criteria.
EGADE Business School holds the "Triple Crown" of accreditations: AACSB, AMBA, and EQUIS, an honor held by only 1% of business schools worldwide.
