Are you already familiar with greenwashing? If so, then the concept of social washing should sound familiar. It’s a strategy companies use to promote themselves as more socially responsible than they actually are for financial gain. This is done by utilizing various meaningful marketing tactics such as donating to charities or publicizing their sustainability initiatives […]
The Environmental Protection Agency (EPA) was created in 1970 by President Richard Nixon and Congress. The EPA is a federal agency of the U.S. government with the mission to protect human health and safeguard the natural environment—air, water, and land—upon which life depends. An environmental audit is an examination of a company’s policies and practices
Investors are increasingly asking for social responsibility. Social responsibility is a moral obligation to take care of the needs and interests of society while maximizing shareholder value. Especially now with the increasing effects of climate change, Russian oil divestment after the Ukrainian invasion, and billion-dollar weather events, investors are now demanding more transparency. The current
Accounting is the art of measuring, reporting, and analyzing financial information in order to keep track of a company’s or individual’s economic health. These days, accounting has become more complex with the growth of globalization and technology that have changed the way we do business. In today’s article, we’re going to answer pertinent questions on
In the rapidly changing world of business, it’s clear that not all companies are doing well. Many organizations are struggling to keep up with the ever-changing demands of their industry and other businesses around them. This is why any company should be thoughtful about how they implement changes in their financial reporting process – because
In the world of business, one cannot exist without a significant amount of credit. Companies need to be able to borrow money from banks and other lenders in order to pay for raw materials, machinery, and even small expenses. In order for a company’s financial situation to be evaluated properly, it must first go through
It is important to understand that ESG stands for Environmental, Social, and Governance, because if we are going to shift to being a sustainable world, then ESG is the cornerstone of the innovation that will get us there. These three things are often integrated into investments of companies that have higher ethical standards or best
The post-pandemic world is about change on a planetary scale. It broke the supply chain and the efforts for globalization. Then ad recurring billion-dollar weather events and the rapid divestment from Russian oil after the invasion of Ukraine. Change isn’t just coming, it is already here! And that is where the Three P’s come in.
It can be tough to keep up with all the acronyms and terminology in the world of finance. One such acronym you may have heard of, but may not fully understand, is ESG. ESG stands for Environmental, Social, and Governance, and it refers to the non-financial factors that can affect a company’s performance. In this
In the last few decades, there has been the emergence of entrepreneurs who want to do more than just make money at any cost. They want their business ventures to have a positive impact on society and the environment. With the global supply chain being all but destroyed by the pandemic, recurring billion-dollar weather events,