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

2 months 4 days ago

(3BL Media/Justmeans) – The financial crisis of 2008 was marked by an excessive focus on short term profits, aggressive acceptance of higher risks, and an erosion of trust between institutions and consumers. The positive outcome of that crisis has been a growing recognition of values-based investment decision criteria, and an increasing consideration of ESG issues in investment decisions and services offered by financial institutions.

A recent controversial issue that has assumed serious ethical and environmental dimensions is the financing of the Dakota Access Pipeline (DAPL). This pipeline would travel below the Missouri River, the...


2 months 5 days ago

(3BL Media/Justmeans) – Digital technology is gradually turning the dream of financial inclusion in the developing world into a reality. User-friendly financial apps and mobile banking are empowering citizens in remote regions to participate in the financial economy and improve their lives.

The United Nations Environment Program (UNEP) has now partnered with China’s leading online and mobile financial services provider, Ant Financial, to roll out a unique program aimed at promoting green finance through innovative deployment of digital technologies.

This ground-breaking initiative, called the ‘Green Digital Finance Alliance,’ will...


2 months 1 week ago

(3BL Media/Justmeans) – Increasing demand for a more socially responsible, purpose-driven finance has led to the emergence of innovative approaches to impact investing. Although impact investing began many years ago as a niche activity practiced by large philanthropists, it is now spearheaded by a wide range of impact investment funds that are committed to the larger global goal of building a sustainable world.

The diverse approaches adopted by these impact investment funds are showcased in the newly released ImpactAssets 50 report, which reviews the activities and performance of some of the dedicated global fund managers focused...


2 months 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...


2 months 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...


2 months 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...


2 months 2 weeks 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,...


2 months 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...


2 months 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...


2 months 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...


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