News & Highlights

  • June 2022
  • Creating Emerging Markets

Creating Emerging Markets Interview: María Emilia Correa

María Emilia Correa is co-founder of Sistema B, a Latin American organization promoting new economies and B Corporations. In her interview, she recalls how after returning to Colombia in 1985 after finishing her masters in New York City, she took a job with The Nature Conservancy and the Natura Foundation where she pursued her interest in biological resource conservation. After attending United Nations Earth Summit held in Rio de Janeiro in 1992, Correa became inspired by the idea that the business sector could be a positive agent to build a balanced and sustainable society. After working with in several civil society organizations focused on helping business to become more sustainable, in 1999 she became the first sustainability vice president at Grupo Nueva, a multinational investment holding company specialized in forestry and wood derivatives. This experience enabled her to acquire expertise in many key business functions. This interview is part of the Creating Emerging Markets project which provides a unique research and teaching resource on business leadership in Africa, Asia, Latin America and the Middle East over recent decades.
  • JUNE 2022

Creating Emerging Markets Interview: Erling Lorentzen

Erling Lorentzen relates his experience growing up in Norway as part of family of shipping magnates and industrialists, his service during World War II, his educational experience at Harvard Business School, his marriage into the Norwegian royal family, and his eventual move to Brazil in 1953. There, he pursued a career in the petroleum industry and in shipping. In 1968, he founded the Aracruz Celulose company, which became a massive manufacturer of pulp and paper. Lorentzen oversaw the construction of the largest pulp mill in Brazil and the acquisition of large forestry operations. He describes the difficulty of growing the business amid periods of rapid inflation, the challenges of raising money overseas (including by becoming the first Brazilian company listed on New York Stock Exchange), and by facing and confronting issues of sustainability. This interview is part of the Creating Emerging Markets project which provides a unique research and teaching resource on business leadership in Africa, Asia, Latin America and the Middle East over recent decades.
  • May 2022

Discussion on Sustainable Development and Climate Adaptation in the Amazon Basin

In celebration of the HBS Case Centennial, this May the Latin America Research Center hosted an event with Professor John Macomber on “Sustainable Development and Climate Adaptation in the Amazon Basin”. Topics included new HBS research about climate adaptation and finance in the face of perils like flooding, wildfire, and drought. Professor Macomber also discussed how and when these and other perils might impact the environmental and economic stability of the Amazon region, the participants, their strategies, and how global carbon mitigation and sustainability efforts will play out. The panel included a Nobel Peace prize winner, a Brazilian academic expert, a local entrepreneur, and VP of Sustainability of a global company. More than 80 alumni and friends of LARC joined the event.
  • March 2022

What They’re Made of: Secrets and Stories of Leaders on the Edge: Interview with David Velez

In this latest installment of “What They’re Made of: Secrets and Stories of Leaders on the Edge,” Professor Ranjay Gulati speaks with David Velez, Founder and CEO of Nubank, the largest financial technology bank in Latin America. Throughout the conversation, Velez explains how his own entrepreneurial spirit and core values motivated him to take on the behemoths of banking in Brazil by creating a new customer-obsessed digital banking platform. Through its core values of challenging the status quo and fighting complexity to empower people, Nubank has completely disrupted the largest industry in Latin America, and, in doing so, changed the lives of over 40 million Brazilians.
  • February 2022

How the Pandemic Changed Case Development in Latin America

At HBS, research and case development are tightly intertwined. Cases provide the opportunity for faculty to develop ideas, gain insight into nascent research questions, and illustrate theory in practice. In addition, case writing provides a vehicle for faculty collaboration and helps faculty develop research ideas across disciplines and across institutions. In this dynamic case development process, faculty may be supported by a team of researchers and case writers based at HBS Research Centers around the globe. In this article, LARC discuss how the pandemic impacted case development in the region.

New Research on the Region

  • September 2022
  • Case

ROI vs. ROI: The Grupo Baobá Family Office

By: Lauren Cohen, Hao Gao, Jiawei Ye and Grace Headinger

Fernando Scodro, a third-generation member of his family, mulled over the next step in integrating an ESG strategy into his family office’s investment portfolio. While his family office, Grupo Baobá, had made excellent progress in incorporating his family’s values into their individually owned assets, such as VC and real estate, he weighed how to expand their ESG strategy in future investments. How should the family evaluate the relative benefits of an asset's return on investment versus return on impact? What would a forward-looking ESG strategy look like for his family – and other families who were their co-investment partners? How could Fernando convince external partners of his strategy’s imperative and cultivate likeminded managers and financial products to achieve his goals? Finally, when should the family instead prioritize achieving impact through philanthropic initiatives? However he chose, he knew that the paths he advocated for within his family would impact all future generations of the Grupo Baobá Family Office.

  • August 2022
  • Case

Iluméxico: For Every Family to Have Power

By: Brian Trelstad, Isa Oliveres and Jenyfeer Martinez Buitrago

  • July 2022
  • Case

Kovi: Changing Brazil’s Mobility Landscape

By: Lynda M. Applegate, Michael Norris and Alexis Lefort

Kovi, a car rental startup located in São Paulo, Brazil, provides affordable access to rental cars for rideshare drivers. The case examines the origins of the company, provides background on the auto and rideshare industries in Brazil, and follows the CEO, Adhemar Milani Neto, as he evaluates options for growing the company.

See more research

Montevideo Staff

Fernanda Miguel
Christopher P. Torto Executive Director
Mariana Cal
Assistant Director, Research
Jenyfeer Martínez Buitrago
Senior Researcher
Maria Martha Ruiz Melo
Office Manager

Mexico City Staff

Carla Larangeira
Senior Researcher

São Paulo Staff

Ruth Costas
Senior Researcher
Patricia Thome
Brazil Office & Regional Program Manager
Pedro Levindo
Senior Researcher