The production externality is a concept that deals with the social benefits of goods and services. Production externalities are often ignored in economic analysis because they cannot be directly measured or calculated. A negative production externality, for example, would include pollution from a factory that lowers the value of neighboring properties and imposes costs on […]
The difference between social and environmental reporting is often misunderstood by many people who have no idea of what either entails. Social reporting is related more to how humans interact with one another while environmental reporting is more concerned about how humans change and impact their environment. While there are distinct differences between the two
In the words of a sustainability consultant, “The biggest misconception people have about sustainability is that it’s all about saving money. It’s not. Sustainability is about creating value for your company and society at large while adhering to your values.” Although sustainability was increasingly popular leading up to the Pandemic, the invasion of Ukraine and
While it does not have the sexiest name in the world, the NP 51-201 – Disclosure Standards National Policy in Canada was established in order to provide guidance on what information needs to be disclosed on a company’s sustainable development progress. In 2002 the Canadian Securities Administrators (CSA), created and published NP 51-201 as a
In Canada, we believe that we are doing well with our sustainability efforts, and we are. But we still have a ways to go in securing our country for future generations. Our deep commitment to the pursuit of social and environmental well-being begins with the Constitution Act of 1867 which guarantees all Canadians “the peace,
As a business leader, you need to know that disparity in pay and opportunity for advancement between employees can create a sense of inequity. When such inequities exist, companies miss out on the benefits that diversity and inclusion efforts help to provide-such as increased engagement, more ideas and ultimately better performance. The first step toward
Inclusivity is not just important, it’s crucial. The benefits of including everyone are many: inclusive workplaces are more productive, employees are happier and less stressed, there is less turnover, and they make for a better place to work. Without inclusivity, your workplace will be missing out on all the incredible ideas that could come from
A non-corporate organization or LLC are businesses that don’t offer the same protections as a corporation, but also come with different risks. The most common types of non-corporate entities in the United States are partnerships, sole proprietorships and limited liability companies (LLCs). Non-corporations can be advantageous because they allow you to make more risk decisions
Financial planning tools help you to determine your net worth, save for retirement, and estimate how much money you will need in the future to maintain your standard of living. The tools can show you where you are now, what progress you’ve made toward your goals, and what other goals there are that should be
