Taylor Dalton, another team member, continued: “I have studied a lot of social enterprise aspects and have noticed over the years that this often remains a theoretical exercise. Lots of people talk about it, but do not put it into practice. It is truly inspiring to see that a large company like Nespresso is making tremendous efforts to effectively implement these sustainability programs. Being a part of that is just amazing.”
“We’ve all tremendously gained confidence in articulating the potential of sustainable business ideas. I had a personal interest to participate in this MBA Challenge. I’m a Nespresso drinker myself and I love the idea of continuing to be one for the next 25 years,” concluded fourth team member Scott Gould.
The two other finalist teams are students from Rotterdam School of Management (The Netherlands) and University of Victoria – Peter B. Gustavson School of Business (Canada).
Strong engagement with academics
Nespresso has a long tradition of collaboration with academics and students for projects, joint research and strategic consultations in regards to its sustainability initiatives.
“There are few companies that are willing to open up their supply chains for close scrutiny by students and academic experts. Nespresso is one of them. And with an inter-generational challenge such as the one they face on the coffee farms, what better way to bring in fresh ideas than to invite the next generation to help with the thinking,” said Liza Lort-Phillips, Executive Director, Sustainable Markets Intelligence Center (CIMS).
A milestone in sustainable coffee sourcing
The first edition of the MBA Challenge coincides with the 10th anniversary of the Nespresso AAA Sustainable Quality™ Program. The program, developed with the NGO Rainforest Alliance, is a unique approach to securing the highest quality green coffee required to produce the Nespresso Grand Cru coffees, improving sustainable farming practices and enhancing farmer welfare.
To mark this historical milestone, this year’s edition of the MBA Challenge focused on how to secure a sustainable economic future for small-holder coffee farmers in Colombia in the long term.
A second edition of the MBA Challenge will take place during the 2013-2014 academic year.