Description of Assignment: On December 16, 2015, Hult International Business School and Ashridge Executive Education issued the press release below about Hult s commitment to helping implement the historic corporate responsibility initiative recently put in place, COP21 Paris. In the spirit of that press release, in this assignment, you will conduct research and (Part I) summarize the key science and history leading to this initiative, (Part II) outline and explain the key tenants of COP21, and (Part III) identify significant implications of this initiative for businesses in an industry of your choosing. Be sure to acquaint yourself well with the grading rubric for this assignment so that you know exactly what is expected of you so you can do your best! BEGIN PRESS RELEASE Hult and Ashridge sign Paris Pledge following COP21 Hult International Business School and Ashridge Executive Education have signed the Paris Pledge for Action following the historic UN Climate Change Conference (COP21) in Paris. Hult and Ashridge join businesses, investors and cities in welcoming the new, universal climate agreement adopted at the summit, promising to help implement it and play its part in ensuring that the level of ambition set by the agreement is met or exceeded. The transition to a low carbon economy has advanced at pace in recent years, but progress has been held back by of lack of certainty among investors and businesses about the level of ambition, resolve and agreement amongst the world s most significant governments. The Paris agreement, while not perfect, delivers a genuine agreement among the world s governments that signals their collective ambition to hold temperature rises to well below 2oC and effectively aim for net-zero carbon emissions by the second half of this century. Business schools in particular have a crucial role to play in helping the agreement to be implemented, through their research and work in helping to develop individuals and organisations knowledge and expertise. Many will require a better basic literacy of the low carbon economy. What does it mean for raising money from the capital markets? What the implications for engaging with consumers? What are the implications for innovation and new product and service development? For supply chains? For an organisation s capabilities? What does it mean for an organisation s relations with different national and regional governments and partnerships with other stakeholders? Business schools looking at what s relevant for today s business leaders should be focusing on these questions. As a signatory to the UN Principles for Responsible Management Education (PRME) we already have a focus on practical, applied research on business and sustainable development. We are committed to further integrating sustainable development into the curriculum of all our flagship management programmes. The implications of the low carbon economy have long featured in the MBA curriculum. Currently, the Ashridge MSc in Sustainability and Responsibility develops peoples skill to lead system change to help business be part of the solution to these problems. Two of its alumni set up the Carbon Disclosure Project, one of the world s leading investor initiatives on climate change, which played a key role at the Paris summit. Climate change is also at the core of the Hult Prize, the world s biggest student initiative on social entrepreneurship. Teams of business school students from around the world are challenged each year to come up with a business idea for tackling a complex global challenge. The Paris agreement is welcomed by us and we stand ready to work with others to ensure today s and tomorrow s business leaders are equipped to play a leading role in the transition to a low carbon future and achieving net-zero emissions by the second half of this century. END PRESS RELEASE FORMATTING REQUIREMENTS (NOTICE THAT YOU AUTOMATICALLY LOSE 15% FROM YOUR MARK IF YOU DO NOT FOLLOW THESE REQUIREMENTS!)Your report must fall within the length range of 2,250 to 2,750 words. Add a cover page that includes word count (words in the reference section, executive summary, and/or any tables, figures, or appendices do not count) and an executive summary (100-200 words). Use Georgia font, 12 pt., not bold. Use margins of 1 inch on all four sides, number your pages, double space, and use APA 6 for in-text citations and for your reference section. In-text citations (not footnotes or endnotes) are required! THIS ASSIGNMENT WILL BE SUBJECTED TO TURNITIN VERIFICATION! Excessive copy and pasting , grossly inadequate paraphrasing, and/or failure to cite your sources appropriately will result in an F for this assignment and may elicit disciplinary action for plagiarism from the Deanery. Late assignments are NOT accepted (i.e., will result in a score of 0).