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

13 hours 36 min ago

(3BL Media/Justmeans) – Several research studies in recent years have shown that companies with high ratings on environmental, social and governance (ESG) factors frequently outperform the market in the medium and long term, and have a lower cost of debt and equity. Business sustainability has emerged as a key source of competitive advantage in today’s economy.

The International Chamber of Commerce (ICC) has now launched a radical update of its Business Charter to reflect this new reality. The third edition of the ICC Charter supports a more holistic approach to sustainability, drawing on the expertise, experience and good practices of a wide range of...

1 day 12 hours ago

(3BL Media/Justmeans) – In 2009, at the peak of the financial crisis, one of the revelations was the absence of up-to-the-minute, accurate data about who was being impacted and to what degree. The suddenness with which the global economy plunged into the crisis exposed the gaps in the governments’ knowledge and understanding of the changing economic conditions.

The idea of UN Global Pulse emerged from that crisis. UN Global Pulse is an organization dedicated to tracking the development progress and emerging vulnerabilities in real-time by tapping into Big Data. Robert Kirkpatrick, the Director of UN Global Pulse, says Big Data is aptly named, as the volumes of digital records are simply...

2 days 12 hours ago

(3BL Media/Justmeans) – To keep the world within a 2°C rise in global temperatures – the level necessary to avoid irreversible and catastrophic climate change – between two-thirds and four-fifths of existing fossil fuel reserves must remain in the ground. Bill Gates has often pointed out to the urgent need for “high risk” investments in breakthrough technologies to meet this challenge. He recently said that a “miracle” on the level of the invention of the automobile was necessary to avoid a climate catastrophe.

To back up his commitment to innovation in green energy technologies, Gates is doubling his investment in cutting-edge renewable technology initiatives to $2 billion over the next...

1 week 12 hours ago

(3BL Media/Justmeans) – Over 40 million people visit Las Vegas every year. According to the Gaming Control Board, year-round hotel occupancy in Las Vegas is above 85 percent, and statewide gaming revenues were in excess of $11 billion in 2014. In terms of energy consumption, the city’s shiny central strip is probably the brightest spot on earth, with a typical casino racking up a six-figure power bill on a daily basis.

However, the state is now making committed efforts to improve its sustainability reputation. The neon lights of the yesteryears are being replaced by LED screens, and the hotels and casinos are adopting greener solutions to cut down their...

1 week 1 day ago

(3BL Media/Justmeans) – Agri-food supply chains are unique because of their high dependence on the natural resource bases. These supply chains typically extend across various geographies, which make it necessary to have a wide social and environmental understanding to identify the risks and opportunities in building sustainability, both for the short-term and long-term.

Cargill has increasingly recognized the importance of supply chain sustainability, which has become a critical metric for both shareholders and consumers. Cargill is also a major food supplier to Wal-Mart, which regularly assesses the sustainability of its suppliers. To further improve its supply chains and align them with...

1 week 2 days ago

(3BL Media/Justmeans) – Pure, clean water is a critical ingredient for the production of Scotch whisky. The distilling industry would find it hard to survive without the availability of a pristine water environment. John Dewar & Sons Ltd., belonging to the Bacardi group of companies, recognized the importance of a sustainable environment long before the term sustainability gained global attention.

According to Iain Lochhead, Operations Director for John Dewar & Sons, the company is committed to leaving its natural surroundings in the same condition that it found them. With over 50 years of experience in following sustainability practices in environmentally sensitive areas, the...

1 week 3 days ago

(3BL Media/Justmeans) – The U.S. imports more than 90 percent of its seafood. This supply is becoming increasingly constrained as global demand is on the rise and wild-caught production is declining. According to the World Bank, aquaculture will supply two-thirds of global fish consumption by 2030. This is the lucrative area where private equity and venture capital funds are keen to finance innovative fish-farming enterprises.                                                          

A number of dedicated funds are targeting sustainable aquaculture investments to diversify their portfolios. Even some public equity investors are looking at oceans-related investment...

1 week 4 days ago

(3BL Media/Justmeans) – Golf courses around the U.S. use about 2.08 billion gallons of water per day for irrigation. This comes to nearly 130,000 gallons per course per day. Golf industry is under pressure to find solutions to make the courses more sustainable. New types of grasses, new irrigation technologies, and innovative layouts that are more environment-friendly can help to address the challenge.

In California, which has entered the fourth year of an extremely severe drought, Governor Jerry Brown has announced a statewide mandate to reduce water consumption by 25 percent. The state is home to about 1,140 golf courses, and a reduction of water use by a quarter would reduce daily...

1 week 5 days ago

(3BL Media/Justmeans) – Asian countries accounted for about 60 percent of the global progress on energy access and clean energy goals during 2010-2012 – contributing well beyond their share of global population and energy consumption. This is the finding of a new World Bank report, Progress Toward Sustainable Energy: Global Tracking Framework 2015.

The report has been produced jointly by the World Bank’s Energy and Extractives Global Practice, the World Bank’s Energy Sector Management Assistance Program (ESMAP), and the International Energy Agency (IEA), and is supported by 20 other partner organizations and agencies.

The report reveals that Asia’s performance on expanding...

2 weeks 1 day ago

(3BL Media/Justmeans) – Many financially successful companies today are inherently unsustainable. While some of them are making efforts to make their products or processes more sustainable, but renewable energy sourcing or green product engineering alone is not enough to change that. These companies need to think differently and move beyond mere product or process innovations to achieve sustainability.

In 2014, SustainAbility launched a research project called Model Behavior that explored the promise and challenge of business model innovation for sustainability. On the heels of this well-received report, SustainAbility has now released a follow-up...