Vikas Vij

Vikas Vij
Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.

Posts by This Writer

1 month 1 hour ago

(3BL Media/Justmeans) – Although climate change poses serious economic risks, many investors lack clear information about which companies are most exposed to the risks and which are best prepared to counter them. According to Michael Bloomberg, without risk disclosure, it is difficult to correctly price the financial impacts of climate change.

To address this issue, the Task Force on Climate-related Financial Disclosures (TCFD) has published recommendations for reporting climate-related financial information in mainstream reports. A group of 10 companies across seven sectors have become the first companies to make the commitment to implement...


1 month 4 days ago

(3BL Media/Justmeans) – Companies and non-governmental organizations (NGOs) traditionally play divergent roles in an economy. While the primary goal of companies is to maximize shareholder wealth, NGOs are driven by the goals of social benefit. But over the last two decades, companies and NGOs have been able to find increasingly common ground as social benefit becomes integral to a sustainable business strategy.

A new report released by C&E Advisory, 2017 C&E Corporate-NGO Partnerships Barometer, shows that companies and charities are investing more in partnerships with each other. A key reason behind this growing...


1 month 5 days ago

(3BL Media/Justmeans) – The United Nations Global Compact is a UN initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The initiative supports companies to align their strategies and operations with its Ten Principles on human rights, labor, environment and anti-corruption; and helps them take strategic actions to advance broader societal goals, with an emphasis on collaboration and innovation.

The UN Global Compact has now announced more than 30 business-oriented forums and events to engage with the private sector, which are planned for the 72nd Regular...


1 month 1 week ago

(3BL Media/Justmeans) – The Paris climate agreement in 2015 sent a clear message to markets and businesses worldwide: a low-carbon future cannot be denied. While it was a wake-up call for some companies, for many others it was an affirmation that cleaner growth was not only possible, but also good for their bottom line.

Now there is growing evidence that renewable energy and energy efficiency are thriving sectors for business. In 2016, 190 of the Fortune 500 companies together saved close to $3.7 billion through their collective renewable energy and energy efficiency initiatives.

Large companies such as Google and Apple have...


1 month 1 week ago

(3BL Media/Justmeans) – Fortune magazine has brought out its 2017 ‘Change the World’ list to recognize large companies that are making a positive social impact through activities that are part of their core business strategy. The list identifies companies based on three factors: measurable social impact, business results, and degree of innovation.

One of the top names in Fortune’s Change the World list of companies is Unilever, which attracts strong talent from around the world. According to CEO Paul Polman, about 60 percent of those who apply for jobs at the company every year are attracted by the Unilever Sustainable Living Plan.

...


1 month 1 week ago

(3BL Media/Justmeans) – Clean energy is one of the most effective tools in the fight against climate change. At the same time, clean technologies save money and make better business sense as they displace fossil fuel emissions. As a result, major companies are increasingly inclined to use clean energy for their global business needs.

Large corporate energy users have now joined forces as part of the Advanced Energy Buyers Group with a goal to expand access to energy that is clean, secure and affordable. The group, whose founding members include Walmart, Salesforce, Microsoft, Lockheed Martin, Amazon and Aligned Energy, has been launched by...


1 month 1 week ago

(3BL Media/Justmeans) – The agriculture sector is not only a major contributor to climate change, but also among the sectors most impacted by it. Agriculture can be one of the keys to address the problem of climate change. By some estimates, sustainable farming can potentially mitigate about six giga-tons of carbon equivalent by 2030, mainly by improving the capacity to absorb organic carbon in land and vegetation.

Looking into this potential of agriculture, Mars has launched its Sustainability in a Generation plan, aiming to reduce the carbon footprint of its business and supply chain by more than 60 percent by 2050. The...


1 month 2 weeks ago

(3BL Media/Justmeans) – A year ago, the European Commission announced it would establish a High Level Expert Group (HLEG) to advise it on developing a comprehensive EU strategy on sustainable finance. The group was established in December 2016 and comprises 20 members of the public, the finance sector and academia.

This advisory body to the European Commission recently released an interim report, which includes some key recommendations, which include developing a classification system for sustainable assets; establishing a European standard and label for green bonds; and creating a dedicated organization to help channel finance towards...


1 month 2 weeks ago

(3BL Media/Justmeans) – A growing number of institutional investors now seek to avoid financial risks associated with environmental, social, and governance (ESG) factors. Their goal is to achieve portfolio diversification to mitigate risk as well as engage with corporate managements as active investors or owners.

MSCI has published a piece of research looking at how investors can maintain a diversified portfolio while taking into consideration ESG factors. Using the MSCI ACWI ESG Universal Index as an illustration, MSCI found that it is possible to strike a balance between maintaining a large, diversified roster of companies with strong ESG...


1 month 2 weeks ago

(3BL Media/Justmeans) – Global investors increasingly look for companies that are driving innovation to create business value from their sustainability efforts. However, technological innovation alone is not enough to create significant value from sustainability. The innovation must be made in the business model itself to create a deeper impact.  

A collaborative research report between MIT Sloan Management Review and the Boston Consulting Group says that nearly 50 percent of companies have changed their business models as a result of sustainability opportunity. The report goes on to say that the more ambitious the innovation, the greater...


Pages