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How employee ownership can prevent loss of beloved businesses and local jobs

As baby boomers age, the nearly 25 million jobs they have created nationwide are at risk. In Santa Clara County alone, roughly 15,000 boomer-owned businesses account for nearly 50% of private businesses that have employees, according to research by Project Equity. Only 15% will successfully pass to the second generation, and there will not be

Could climate change make Siberia more habitable?

Large parts of Asian Russia could become habitable by the late 21st century due to climate change, new research has found. A study team from the Krasnoyarsk Federal Research Center, Russia, and the National Institute of Aerospace, USA, used current and predicted climate scenarios to examine the climate comfort of Asian Russia and work out

2019-07-02T09:50:57-05:00Tags: |

‘Planting green’ cover-crop strategy may help farmers

Allowing cover crops to grow two weeks longer in the spring and planting corn and soybean crops into them before termination is a strategy that may help no-till farmers deal with wet springs, according to Penn State researchers. The approach -- known as planting green -- could help no-till farmers counter a range of problems

2019-07-02T09:45:56-05:00Tags: |

Avoiding the greenwash in sustainable investing

Ethical, SRI, ESG, best-in-class, stewardship, sustainability and impact. As its popularity has grown, the responsible investment landscape has become confusing and overcrowded with terminology that excludes rather than enables. There is also little clarity or agreement on what the various terminologies mean. We believe confusion and poorly regulated product labelling may potentially lead to mis-selling.

Detroit releases plan to address city’s sustainability issues

Detroit took an important step towards entering the 21st century by releasing its Sustainability Action Agenda to address the city’s numerous sustainability issues. The 55-page report, produced by the city’s Office of Sustainability, outlines ways to improve the health, environment, and resiliency of Detroit and its residents. “Sustainability” means a number of different things to

2019-07-03T14:17:58-05:00Tags: |

Nearly half of global wages received by top 10%, survey finds

Nearly half of all global pay is scooped up by only 10% of workers, according to the International Labour Organization, while the lowest-paid 50% receive only 6.4%. The lowest-paid 20% – about 650 million workers – get less than 1% of total pay, a figure that has barely moved in 13 years, ILO analysis found. It

Bottle X: Exposing Impurities in the Generic Drug Business

In June 2013, the U.S. Food and Drug Administration tapped Altaf Lal, an American of Indian origin with sterling public-health credentials, to solve what appeared to be a diplomacy problem. The FDA's relations with Indian regulators were in tatters, one month after India's largest drug company, Ranbaxy, pleaded guilty to seven felonies related to falsifying quality

The Business of sustainability: is the world of finance ready to go green?

Investors are increasingly keen on putting their money into sustainable projects. From the traditional greenwashing, they’re shifting to a real investment, with the perspective of making profits, and helping the Planet survive. Investing in “dirty” sectors has become riskier, and at a medium-long term, everyone agrees that there’s no future in keeping polluting the Earth.

Research shows people want public services delivered by social enterprises

New research conducted by YouGov shows people trust social enterprises more than private enterprises to deliver outsourced public services and believe they do so with more expertise, efficiency and value for money. The findings demonstrate the public want to see a better model to deliver services, and would prefer local authorities to contract with purpose-driven

Cocoa farm workers aren’t reaping the benefits

Long before it hits supermarket shelves, cocoa passes through dozens, if not hundreds, of hands—many of which belong to the laborers that harvest and hack the beans from their large, leathery pods. For years, members of the cocoa industry in Côte d’Ivoire (Ivory Coast)—the world’s leading producer of this product—have been partnering with Fairtrade International,

2019-07-02T07:51:47-05:00Tags: |

Turning Impact Investing Upside Down To Erase Racial Wealth Gaps

“Biomimicry is the practice of solving problems by asking the question, ‘What would nature do?” says Boston Impact Initiative Fund founder and President Deborah Frieze. Her answer to that question has her flipping conventional investing wisdom on its head to close the racial wealth divide in Boston. While she hopes the fund will serve as

84% of millennials and Gen Z failed this retirement quiz

The vast majority of workers under the age of 34 lack basic knowledge about their 401(k) retirement plans, according to the new Financial Wellness in the Workplace Study from Fisher Investments 401(k) Solutions. The report surveyed 1,000 employees at companies with between five and 350 workers on their retirement knowledge and preparedness, and found that 84% of

Promoting social enterprise is a developmental advantage

Could the answer to development and other thematic issues in the global south be solved by social enterprise? The increase of small and large business corporations in the global south especially in Africa is evident in the variety of goods and services provided. The thematic issues surrounding development are complexly intertwined. The precarity of the monumental

Boston Brings Sustainability, Equity to Its Food Purchasing

Buying locally really can make a difference. The Los Angeles Unified School District (LAUSD) found this out in 2012 after adopting a good food purchasing program (GFPP)—a policy that gives institutions a framework for buying local, sustainable, and humanely sourced food. After the school district implemented the program, its produce and bread distributor, Gold Star

2019-07-01T06:42:14-05:00Tags: |

An impact investing boom is under way

With concerns about climate change, human rightsand social justice dominating popular culture today, impact investing is experiencing a boom. The sector's phenomenal growth is being driven by investors who are not only seeking a healthy financial return, but also aiming to meet social or environmental goals. These twin desires are creating new opportunities and challenges for the "do

How employee stock ownership becomes a succession plan

As succession strategies go, the employee stock ownership plan might be the ultimate twofer. For Joe Reeves and Ron Butt, co-founders of Louisville, Kent.-based ARGI, the pursuit of a viable succession plan for their $2.6 billion financial planning firm was the original objective, but the ESOP provided the added bonus of giving all employees a potential stake in the RIA's

Fear Not The Family Office, This Is What Banks Should Think About

The family office has become a significantly powerful sector in the world of business, research conducted by Campden Wealth indicates that family offices now control assets in excess of $4 trillion. Despite the significant costs relating to setting up and sustaining a Family Office, EY estimates that there are currently 10,000 single-family offices, a ten-fold increase since 2008. Traditionally,