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 day 23 hours ago

(3BL Media/Justmeans) – The World Economic Forum includes financial literacy as one of six core ‘foundational literacies’ essential for students to thrive in the 21st century economy. Supporting the next generation to manage money is not only vital in securing their future, but also the future of business and the wider economy. Improved financial confidence and knowledge among consumers and employees benefits everyone.

Despite widespread recognition of the importance of financial education, 70 percent of students in the UK leave formal education, having never had a properly structured lesson on how to look after their money....

4 days 8 hours ago

(3BL Media/Justmeans) – Placing sustainability at the heart of the business model is helping companies improve their relationships with stakeholders and providing a robust competitive advantage. Sustainable ways of doing business help companies to reduce risk across operations, while maintaining value and relevance to consumers and inspiring employees.

An international study by Unilever involving 20,000 adults across five countries shows that one-third of consumers now choose to purchase from brands based on their social and environmental impact. According to the study, a market opportunity to the tune of €966 billion exists for brands that...

5 days 8 hours 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...

6 days 7 hours 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...

1 week 2 days 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...

1 week 3 days 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 week 5 days 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.


1 week 6 days 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 weeks 1 day 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 weeks 2 days 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...