When Peter Tufano, who recently returned to Harvard Business School (HBS) as a professor and senior advisor to the Harvard Salata Institute for Climate and Sustainability, graduated from HBS in 1984, HBS Professor Mike Porter competition strategy was the talk in the hall.

Competition is still the essence of business today, Tufano said, but his ongoing research into business alliances for the past two years finds that these groups are helping to set standards, create markets and set the pace for the low-carbon future.

Through these emerging alliances, global companies, banks, insurers and investors are responding to climate change. They are aggregating demand, coordinating requirements to facilitate finance, sharing best practices and promoting transparency because it benefits their bottom line, Tufano and business leaders said during HBS’s “Accelerating Climate Solutions” conference on May 10.

Read the full article “Collaboration is Crucial to Accelerating Climate Solutions”