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

5 months 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...

5 months 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...

5 months 3 weeks ago

(3BL Media/Justmeans) – The 2030 Agenda for Sustainable Development, along with the Sustainable Development Goals (SDGs), are now widely accepted as a uniting force for global change. A recent Koreo survey of 500 human resources leaders in the United Kingdom found that 47 percent of the organizations consider the SDGs important for their day to day work. However, the private sector must proactively engage with civil society organizations to help ensure successful implementation of the SDGs.

As a recent example of private sector engagement, the World Bank has joined hands with BNP Paribas to launch a program of equity index-linked World Bank...

5 months 3 weeks ago

(3BL Media/Justmeans) – Expectations of good business behavior have become so strong that consumers and other stakeholders are ready to take action to penalize companies viewed as irresponsible. Visionary companies already recognize this trend of increasing interdependence between corporate and societal performance at a global level.

Investors are now more inclined in favor of companies that are aligning their business goals with the larger goals of global sustainability. According to the second annual Corporate Responsibility Survey sponsored by insurance company Aflac, in partnership with FleishmanHillard Research and Lightspeed...

5 months 3 weeks ago

(3BL Media/Justmeans) – Since the COP21 climate summit in Paris, climate change has risen up the agenda in the corporate and financial sectors. Leading banks and financial institutions are now seeking opportunities in sync with the global climate goals. However, there is an urgent need for many banks to review policies and strategies in order to make a deeper contribution to climate risk mitigation.

A new report examining 28 of the world’s largest banks on their management of climate-related risks appreciates banks for introducing measures such as climate stress testing, carbon foot-printing and governance for climate risk. But the report...

6 months 11 hours ago

(3BL Media/Justmeans) – The beginning of 2017 marks an inflection point for institutions that want to investfor the long-term. Investors and policy makers have increasingly advocated against short-termism. Institutional investors can manage economy-wide risks more effectively through collaborative engagements that strengthen market standards in environmental, social and corporate governance (ESG) areas.

MSCI has published a new research paper, “2017 ESG Trends to Watch,” which explores how the major ESG trends will affect the capital markets for the next decade. According to the report, in 2017 some of the world’s largest investors...

6 months 2 days ago

(3BL Media/Justmeans) – Over the last few years, socially and environmentally conscious impact investing by the corporate sector has witnessed encouraging growth. One of the key components of this field is “conservation investing,” which has assumed increasing importance in view of the global commitment to achieve the UN’s Sustainable Development Goals (SDGs).

Tracking the corporate investments made by businesses in the area of environmental conservation, Forest Trends has now released a new report called the “State of Private Investment in Conservation 2016.” According to the report, the private sector channeled $8.2 billion into...

6 months 5 days ago

(3BL Media/Justmeans) – In a world that continues to face challenges at environmental, social and governance fronts, companies must have a long-term commitment to do business in a way that is sensitive to the needs of the planet. Companies must measure and report on corporate sustainability efforts so that stakeholders can recognize the contribution a company is making to global sustainable development.

Cox Conserves, the national sustainability program of Cox Enterprises, has completed 10 years of an exemplary corporate sustainability journey, which focused on operations, employees, communities and partners. In 2007, Cox formalized its...

6 months 5 days ago

(3BL Media/Justmeans) – Sustainable investing essentially involves putting money into companies that are committed to integrating their business goals with the larger environmental, social and corporate governance criteria. Investors strive to make their investments deliver competitive returns apart from making a positive social impact.

From 2012 to 2014, the total U.S.-domiciled assets under management using socially responsible investment (SRI) strategies expanded from $3.74 trillion to $6.57 trillion, according to the U.S. Sustainable, Responsible and Impact Investing Trends report from U.S. SIF: The Forum for Sustainable and Responsible...

6 months 1 week ago

(3BL Media/Justmeans) – Diversity in top management of a company can deliver tangible benefits, and not just create the image of a good corporate citizen. As the markets become global in character, customers, suppliers, investors, employees and other stakeholders increasingly favor companies that are motivated to build a diverse corporate leadership.

A new study by the University of Missouri and University of Delaware called, “Does Diversity Pay in the Boardroom?,” reveals that while minorities and women are represented on boards of directors of several leading U.S. companies, they often have fewer leadership opportunities within the...