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 week ago

(3BL Media/Justmeans) – A Venture Capital Trust (VCT) is a type of publicly listed, tax-advantaged investment fund in the UK, designed as a way for individual investors to gain access to VC investments via capital markets. In recent years, VCTs have increased their focus on socially responsible investments that take environmental, social and governance (ESG) factors into account while assessing business performance. 

The £3.5 billion VCT sector has become particularly active over time in environmental, educational and healthcare sectors where the dynamics driving change have been huge, especially with climate change and the increased...


1 month 1 week ago

(3BL Media/Justmeans) – Market data shows that gender equality in companies is directly correlated to improved performance. According to recent Bloomberg figures, companies led by women CEOs who have held their position for at least two years appreciated 37 percent since the fourth quarter of 2014. The S&P 500 advanced 21 percent during that same time period.

Bloomberg has now unveiled the 2017 Financial Services Gender-Equality Index (BFGEI), providing investors and organizations with unique insight into the efforts of 52 companies across 17 countries that are driven by a commitment to building gender-equal workplaces.

The...


1 month 1 week ago

(3BL Media/Justmeans) – With a growing global focus on corporate sustainability, integrated reporting has emerged as a powerful tool to enhance corporate accountability, stewardship and trust. Integrated reporting provides investors with the information they need to make more effective capital allocation decisions and facilitate better long-term investment returns.

Integrated reporting has now received a significant endorsement from the International Federation of Accountants (IFAC), which says that an integrated report can be used as an ‘umbrella’ report for an organization’s broad suit of reports and communications, enabling greater...


1 month 1 week ago

(3BL Media/Justmeans) – The global refugee crisis has reached a point where it is no longer an option for large companies not to reach out in support of displaced people. The socially responsible behavior of major employers is under greater scrutiny than ever before, and companies need to demonstrate their commitment to retain the trust of their employees, customers and investors.

About 50 big employers, which were a part of the “Partnership for Refugees,” an Obama administration initiative to expand work opportunity and resources for refugees, have now decided to continue with their plans without the government’s help. Member companies,...


1 month 2 weeks ago

(3BL Media/Justmeans) – Globalization of business has extended the reach and impact of large corporations to every part of the world. Although the basic responsibility to preserve international human rights standards still lies with the governments, there is an increasing realization that companies hold some level of responsibility as well.

International CSR ratings and research firm, Vigeo Eiris, has issued a positive alert and upgraded the Human Rights scores of three US companies – Amazon, Expedia and Microsoft. Vigeo Eiris has announced this upgrade following the decision of these three companies to take legal action against President...


1 month 2 weeks ago

(3BL Media/Justmeans) – Transport accounts for 23 percent of global energy-related GHG emissions, and is one of the sectors where emissions are rising the fastest. Ironically, the transport sector is also one of the victims of climate change, with transport infrastructure being particularly vulnerable to the effects of higher temperatures, increased precipitations, and flooding.

Clearly, no significant progress on climate action is possible without more sustainable mobility. The Paris Agreement on climate change and the UN Sustainable Development Goals (SDGs) reflect the growing importance of transport in the global sustainability agenda...


1 month 2 weeks ago

(3BL Media/Justmeans) – Corporate sustainability efforts include programs that address issues such as climate change, resource efficiency and circular economy, sustainable agriculture, and chemicals management. Some of the most valuable program approaches include product innovation, design and development, activating a sustainability purpose in the business, and responsible sourcing.

According to a recent survey by the sustainability consulting firm, Pure Strategies, top-performing companies generate twice as much value from these sustainability efforts compared to their peers. The survey found that companies earned more than $8 billion in...


1 month 3 weeks ago

(3BL Media/Justmeans) – Socially responsible investing (SRI) seeks out companies that are rated high for environmental stewardship, employee diversity, fairness to customers and suppliers, community engagement, and robust standards of corporate governance. According to the Forum for Sustainable and Responsible Investment, one out of six dollars under professional management in the US in 2014 was invested following SRI strategies.

Now, some socially responsible funds are going a step further by tying the compensation of their portfolio managers to the impact their investments have made. Their rationale is that managers’ compensation should...


1 month 3 weeks ago

(3BL Media/Justmeans) – Sustainable reporting has come of age. The UN and the nonprofits are no longer the only ones advocating sustainability reporting, and the markets themselves are demanding it. When companies report on sustainability issues, they also tend to act more sustainably. Market analysts increasingly point toward a positive correlation between sustainability commitment and strong financial performance.

According to the United Nations Conference on Trade and Development (UNCTAD), as many as 21 more of the world's stock exchanges are gearing up to introduce sustainability reporting standards, which would bring the total number to...


1 month 3 weeks ago

(3BL Media/Justmeans) – According to the World Bank estimates, financing of $5 trillion per year is required globally for new infrastructure, including healthcare, clean water, transport, and access to energy for all. Given the limitations of government resources, a significant amount of private finance is necessary to fill the gap. Public-private partnerships (PPPs) are seen as a viable modality through which additional resources can be attracted to create sustainable infrastructure.

Partnerships for Clean Energy

In 2015, Washington DC entered into a 20-year power purchase agreement (PPA) with Iberdrola Renewables. The PPA...


Pages