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 […]
Today, businesses and investors are increasingly recognizing the importance of environmental, social, and governance (ESG) factors in decision-making. As a result, ESG scores, also known as an “ESG score”, have become an essential tool in evaluating a company’s sustainability, long-term potential, and impact on the world. In this blog post, we will delve into the
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
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