The Master in International Management students explored the circular economy concept and its applications to the ocean!

Exploring the Circular Economy ConceptThis semester in the POLS6021 course on “Global policy, sustainable challenges and businesses” the IUM Master of Science in International Management students explored the circular economy concept and its applications to the sustainable management of the world’s oceans.

The final individual assignment for the course consisted in preparing a benchmark of businesses applying the circular economy principles to contribute to the UN Sustainable Development Goal 14: Life under water.

On November 22nd the students presented their results in front of a jury composed by Auriane Pertuisot from the Prince Albert II of Monaco Foundation, Pierre Gilles from the Monaco Oceanographic Museum and Institute, the course lead Professor Bakardzhieva, and two alumni of the MSc in International Management program – Solène Baqué and Stephanie Jaquet Hart who are currently interning respectively with Monaco Impact and the Monaco Oceanographic Museum.

The jury noted the students’ excellent presentation skills, their capacity to propose improvements to current business practices, and stressed the importance of critically assessing the sustainability claims of companies to be able to dissociate the genuine responsible practices from the mere green-washing.

This academic assignment was part of the three-year Monaco Ocean Campus project registered with the UN Partnership for the SDGs registry under #SDGAction24622. The project unites academia, NGOs and the scientific community of Monaco to collaborate on ocean protection and sustainable development.

Next semester, the MScIM students will be challenged in their Innovation and Entrepreneurship course to continue their work by proposing their own business plans for goods or services whose conception should stem from the circular economy while contributing specifically to the blue economy. They will also get the chance to participate in the 2019 edition of the Monaco Ocean Week and to present their innovative ideas at the first edition of the Monaco Ocean Protection Challenge.

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