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Sustainability themes too important to ignore

2019 was a pivotal year in the journey towards a more sustainable future. The recent wave of public attention generated by the nature documentary series ‘Blue Planet II’ has helped to create a backlash against single-use plastics. Sustainability issues have made front-page news courtesy of environmental movement Extinction Rebellion and Swedish teenage climate activist Greta

Algorithms Are Making Economic Inequality Worse

The risks of algorithmic discrimination and bias have received much attention and scrutiny, and rightly so. Yet there is another more insidious side-effect of our increasingly AI-powered society — the systematic inequality created by the changing nature of work itself. We fear a future where robots take our jobs, but what happens when a significant

Which aspect of US economic inequality is most worrying?

Inequality has been seizing ever more of the public’s attention in recent years, reflected everywhere from papal encyclicals and economic tomes by French socialists to technical academic debates and the demotic language of politicians and pundits. The health and economic effects of the Covid-19 pandemic have further elevated these concerns. But which aspect of inequality should we be

Future of the workplace: Sustainability, climate change and COVID-19

Environmental and sustainability professional, Dr Leyla Acaroglu, and next generation employee experience platform and intranet provider, Unily, have launched the Future of Workplace Sustainability Report, which explores how sustainability, climate change and COVID-19 are shaping the future of the workplace. We are living in a time of great and immediate change, and COVID-19 and climate change are just two of

How Does Socioeconomic Inequality Affect Social Class, Especially for People of Color?

Socioeconomic inequality is one of the most pressing issues American society is grappling with. How does it play out over generations and how have those inequalities led to discrepancies in wealth, especially for people of color? This year’s Boston University Diversity and Inclusion (D&I) annual Learn More series focused on an exploration of social class,  featuring

What Digital Banks Can Do To Help Narrow The Racial Wealth Gap

In 2018, two professors and a Ph.D. candidate in economics from the University of Bonn designed a study to investigate long-term income and wealth inequality in the United States. They were specifically interested in how the financial crisis of 2008 had exacerbated existing inequalities and disproportionately affected middle- and lower-income Americans. One of the things they found, unsurprisingly,

Defining and Measuring Sustainability

While the U.S. national government rushes to dismantle regulation, last week’s Wall Street Journal featured a series of articles about the move by top corporations to adopt sustainability measurement and management. Even the venerable Journal has figured out that corporate managers are increasingly saving money while reducing the environmental damage caused by their organizations. Moreover, the best and brightest

5 ways social innovators are leading the reskilling revolution

Social entrepreneurs are at the forefront of reskilling those who need it most to prepare them for the jobs of the future. Here are 5 ways in which social innovators are leading the reskilling revolution around the world. Social entrepreneurs are using their ingenuity to equip people today for the jobs of tomorrow. The Schwab Foundation

At least half of people who have a job fear they’ll lose it in the next 12 months

New survey shows more than half of working adults fear for their jobs. But two thirds of workers are optimistic about retraining on the current job. Employment concerns and perceived opportunities to learn new skills vary greatly between countries. A new Ipsos survey, conducted on behalf of the World Economic Forum, shows that more than

A beginner’s guide to employee stock ownership

You’ve landed a new job in a new company. As part of the company’s benefits package, they’re offering stock options. What does it mean? Maybe, you don’t have any idea what stock options mean. It can also be that you’re not sure how to get started with it. It’s essential to note that most companies

Economic inequality made the US more vulnerable to the pandemic

The impact of the coronavirus pandemic in the United States and the resulting recession is best understood in the context of what has happened to the U.S. economy over the past 40 years. These four decades marked a period of growing economic inequality and slower growth that left the economy and our workers and families

The surprising facts about family finances from 2016–2019

Every three years, the Federal Reserve conducts a survey of consumer finances, collecting information about family income, net worth, balance sheet components, credit use and other financial outcomes. The results of this survey were published in late September with some surprising results. During the three years covered, real gross domestic product grew at an annual

Why COVID-19 is a litmus test for corporate attitudes to sustainability

ESG is growing in importance for businesses and stakeholders everywhere. The pandemic is helping increase awareness that companies must focus on long-term sustainability over short-term profits. It will serve as a litmus test, dividing those firms who are serious about a low-carbon future – and those who are not. The pandemic has proven the viability

It would cost just $330 billion to end global hunger by 2030

In 2019, nearly 690 million people around the world went hungry. The pandemic could make that number grow by another 95 million people. But a series of new reports argues that it’s still possible to meet the U.N.’s Sustainable Development Goal of ending hunger by 2030—and lays out what’s needed to make that happen. The

Committed to Using Business As a Force For Good, Fireclay Tile Announces Significant Expansion of Employee Ownership

Fireclay Tile, the socially responsible California tile maker with a mission to do good, today announced a significant expansion to Employee Ownership. As the first and only Certified B Corp™ tile maker and the first Climate Neutral Certified tile company, Fireclay Tile strives to galvanize others in the industry to build a better version of capitalism by

Coronavirus pandemic plunges millions of Americans into poverty

As Congress remains deadlocked on a new coronavirus economic stimulus package, two new studies show at least 6 million more people in the US are in poverty due to the effects of the Covid-19 pandemic. A study from Columbia University published on Thursday found that the number of Americans in poverty grew by 8 million since May.

Pandemic prompts upsurge in commitment to corporate sustainability

According to research commissioned by the Carbon Trust, over 70 per cent of companies interviewed said environmental management and/or sustainability priorities are likely to become ‘somewhat more important’ or ‘significantly more important’ for them as a result of Covid-19. Built environment driven by sustainability and technology Of those companies experiencing significant disruption, 69 per cent expect

Jerome Powell’s ironic legacy on economic inequality

If there's anyone who should be talking about economic inequality it's Jerome Powell, a man who as Fed chair has aimed a spotlight on the issue and put the Fed on an intentional trajectory toward reducing it through policy. Yes, but: Pressed for answers on how the central bank's policies have impacted wealth and income inequality

What Links Accounting and Sustainability?

The turn towards corporate social responsibility may have started as a moral one. However, the economic arguments are starting to speak louder and accounting firms are uniquely positioned to support this growing interest. Why Focus on Sustainability? Most businesses have operated under the same fiduciary concept since the 1970s. From Milton Friedman's New York Times