Algebra Presents GreenTech MBA Seminar Focused on Green Business Transformation

Algebra’s GreenTech MBA seminar is the first educational professional program that addresses one of the most important topics of modern business – the green, circular economy that is becoming the foundation of sustainable business.

With a strong focus on the synergy between the economy and digital technologies, the GreenTech MBA from April 4 to April 12 will provide practical and applicable knowledge through five modules and answer questions aimed at leveraging the potential of digital technologies to enhance business operations. Companies will no longer be evaluated solely based on financial indicators but also on how much they contribute to the community and achieving „green“ goals, thus the knowledge gained will assist participants in adapting their business to the European Green Deal to be ready for green legal regulations.

– In response to climate change and the current decisions of the European Commission to achieve energy independence from Russia much faster, which is changing the entire business paradigm, the green transition involves creating new, sustainable business models. In this context, green, digital technologies applicable in various industries and fields play an important role. By using them, companies can significantly reduce operating costs and become more profitable and competitive, while at the same time, their use has positive effects on the company’s public image. Implementing green transformation is an obligation for all companies within the EU, so those that do not timely digitally and greenly transform their business and adapt to the regulatory framework can expect more challenging business conditions – stated Vedran Antoljak, head of the GreenTech MBA seminar.

According to the principles of the European Green Deal, all EU member states have committed to reducing greenhouse gas emissions by at least 55 percent by 2030 compared to 1990 levels, in order for Europe to become climate neutral by 2050. The European Green Deal aims to transform the European Union into a modern, resource-efficient, and competitive economy, which requires a change in the regulatory framework that is yet to follow.

The transition of business to green and digital becomes a crucial prerequisite when applying for EU funds, so companies that cannot prove they do not have a harmful impact on the environment will not be able to apply for EU funds for economic recovery and new investments. Banks in Croatia and the rest of the EU have begun introducing a new standard for assessing clients and investments, known as ESG rating, which will influence loan approvals and interest rates in the future. Some banks already  today offer better conditions for financing projects that are energy-efficient and have lower CO2 emissions.

In 25 hours of practical and theoretical work, participants of the GreenTech MBA seminar will learn about the impact of climate change on business, renewable energy sources in the context of sustainable development, green building, intelligent green technology systems, and how to make business successful and more profitable through green transformation. Thanks to a combination of lectures and analyses of real case studies and practical work, participants will be able to apply the knowledge gained directly to their own company’s operations. The approach is tailored to individual and group requirements, depending on the desires and needs of the participants and includes mentoring, research, selected cases, projects in collaboration with employers, etc.

The lecture program will cover various sectors – from manufacturing, production, energy, information and communication technologies, transportation and storage to agriculture. Lectures will take place in the new Algebra campus facilities and/or through selected multimedia online platforms, depending on the epidemiological situation. Upon completion of the program, participants will receive a certificate of completion of the Algebra MBA seminar. More information about the program can be found on Algebra’s website, where they can also apply.