[caption id="attachment_3516" align="alignleft" width="300"] Steve Maguire, Chaired Professor of Strategy and Organization, McGill University; Director, Marcel Desautels Instititute for Integrated Management[/caption]
In the last decade the concept of green chemistry, sometimes called sustainable chemistry, has emerged from the halls of academia to boardrooms and state houses in the United States and globally. Despite the substantial potential, adoption of green chemistry has been relatively slow, and regulators in California, Washington, and elsewhere have begun to adopt regulatory programs designed to speed its adoption. On Tuesday, March 3, UCLA Anderson’s Center for Global Management and the UCLA School of Law’s Lowell Milken Institute for Business Law and Policy hosted Timothy Malloy, Professor of Law; Faculty Director, UCLA Sustainable Technology and Policy Program and Steve Maguire, Chaired Professor of Strategy and Organization, McGill University; Director, Marcel Desautels Instititute for Integrated Management for the spring 2015 Global Business and Policy Forum on “Business, Law and Green Chemistry.”
Malloy and Maguire addressed questions such as what is the business case for green chemistry; and under what circumstances will businesses embrace it voluntarily? Can government effectively advance it through incentive programs, or will we see increasing reliance on mandatory regulations? They also addressed questions regarding the business, economic and legal drivers of product innovation through “green chemistry. The presentation was then followed by an interactive discussion over dinner where graduate business, law and policy students collectively discussed questions around the best role for government in promoting green chemistry in business and industry; and should government intervene or stand back? Should companies voluntarily adopt green chemistry innovations, and what are the internal costs to the companies that do? The Global Business and Policy Forum is a collaborative partnership between UCLA Anderson's Center for Global Management and the UCLA School of Law's Lowell Milken Institute For Business Law and Policy.