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

10 months 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...

10 months 3 weeks ago

(3BL Media/Justmeans) – A study of the performance of companies on Fortune’s “100 Best Companies to Work For” list from 1984-2009 has found that stocks of these companies outperformed benchmarks by two to three percent per year. Therefore, ESG investors are increasingly seeking out sustainable companies, believing they will deliver better returns. The strategy is gaining in popularity: institutional funds’ total ESG assets doubled between 2012 and 2016.

New ESG ratings for mutual funds give investors far more funds to choose from. Some of these funds are impact investors, which engage with the companies they invest in and work to help...

10 months 3 weeks ago

(3BL Media/Justmeans) – Environmentally sustainable resorts can transform the way people vacation and experience nature. If the resort developers focus on fostering healthy environments and supporting local communities, they can become a benchmark for sustainable business practices.  

Global mountain resort operator, Vail Resorts, has launched Epic Promise for a Zero Footprint, which is a comprehensive sustainability commitment to achieve a zero net operating footprint by 2030. Through improved business practices, capital investment and continued environmental stewardship, Vail Resorts aims to achieve zero net emissions by 2030,...

10 months 3 weeks ago

(3BL Media/Justmeans) – The estimated annual funding gap needed to achieve the UN Sustainable Development Goals (SDGs) in developing countries alone is about $2.5 trillion. Global philanthropic funds and other aid agencies must pursue innovative finance solutions to attract more private capital for projects to create a more resilient and inclusive world.

The Rockefeller Foundation is employing innovative financing mechanisms to mobilize private sector capital in new and more efficient ways to meet the goals of global sustainability. The foundation has announced a grant of $300,000 toward the cost of developing a series of cause-based...

10 months 3 weeks ago

(3BL Media/Justmeans) – Many countries grant residence to investors and high net worth individuals (HNIs), but a few small countries also offer citizenship by investment (CBI) programs. These programs provide a direct route to citizenship based on a certain minimum level of investment. The programs offer an opportunity to legally acquire citizenship in a simple way, and at the same time, benefit the economy of the host nation.  

The CBI Index is the world’s first comprehensive guide to the CBI programs, which has been launched to inform and educate people about this niche sector and how it is making local economies more sustainable. The...

10 months 4 weeks ago

(3BL Media/Justmeans) – Leading global investors increasingly recognize the challenges posed by climate change and its long-term impact on business and economy. Some of the major investors are already shifting capital in a way to support a low carbon global economy. Integrating carbon management into investment decisions is critical to achieving the larger goals of climate risk mitigation.

To increase resilience to climate change investment risks, the NZ$35 billion NZ Super Fund has shifted its NZ$14 billion global passive equity portfolio, representing 40 percent of the overall Fund, to low carbon. The Guardians of New Zealand...

11 months 3 days ago

(3BL Media/Justmeans) – Running a premier financial company in the world’s largest national market comes with a vital responsibility to all stakeholders and communities. These companies can use their core competency of financial knowledge to empower and educate the people as well as operate in way that positively impacts the society and the environment.

Voya Financial has published its 2016 Corporate Responsibility annual report, Corporate Responsibility for Tomorrow, which details the company’s performance and its progress to date in relation to the pillars of its CR program: Empowering Our People, Serving Our Clients, Investing in...

11 months 5 days ago

(3BL Media/Justmeans) – The conversation on sustainability is ever evolving, and now it includescompanies such as a Las Vegas entertainment business. For a developer and operator of integrated resorts surrounded by a desert, efforts at energy efficiency and environmental sustainability not only reflect a commitment in corporate responsibility, but are also a smart financial decision.

The global corporate sustainability program of Las Vegas Sands, Sands ECO360, is outlined in its 2016 environmental report. The report marks the company’s first annual measurement against its revised sustainability goals, building upon the success and...

11 months 6 days ago

(3BL Media/Justmeans) – The concept of corporate social responsibility is now being embraced by a large number of organizations in Nigeria across different sectors. In the past, CSR was considered by many to be a muddled mix of philanthropy, emergency relief, altruism, and charity. That skewed perception is graduallyshifting. Many organizations are beginning to adopt CSR as a business strategythat delivers measurable returns and allows them to give back to the local community.

ThistlePraxis Consulting in Nigeria recently published astudy on the state of CSR in...

11 months 1 week ago

(3BL Media/Justmeans) – A commitment to corporate responsibility involves achieving the financial goals of the business through continuous stakeholder engagement, good corporate governance, and a focus on social and environmental values. The well-being of the stakeholders as well as the communities must be integrated into business strategy.

Baxter International recently launched its 18th annual corporate responsibility report, Making a Meaningful Difference, which details the company’s commitment to delivering ESG value to the communities and constituencies the company serves in support of its mission to “Save and...