Presentation given during the UN General Assembly 2017, at an event of the US department of Commerce.
Abstract: Leaders face high, continuous, and sometimes contradicting demands from all different stakeholders. Managing all these demands is walking a fine line, which in today's changing world is not a straight one.
A network view that includes human intuition allows for an approach that is forward-looking in an increasingly interconnected, uncertain and dynamic world. Based on the latest academic works in finance, mathematics, as well as the social sciences, Dynamic Risk Assessment (DRA) provides the credibility to convince shareholders and investors of the potential in shared value, including financial potential.
Dynamic Risk Assessment offers a comprehensive and quantitative analysis to determine strategic focus for realizing this potential without significantly damaging short-term profitability, while taking into account the interrelated nature of the SDGs, the internal corporate environment, as well as the world that the client does business in.
An organization can base its core strategy, as well as philanthropic focus on the output of DRA, so that the entire company, from R&D to the C-suite to the charity department, is doing their part in making the most of the organizations’ internal and external connections.
Presentation given by KPMG at the United Nations on the Internet of Things and the potential for sustainable development, with a focus on transportation. September 2016.
GreenBiz 19 Workshop Slides: The Evolution of Social and Human Capital Manage...GreenBiz Group
Corporate managers have long heralded people as their companies’ most important assets and research confirms the vital role of human capital in long-term value creation. In recognizing the importance and value of social and human capital many corporations, their investors, stakeholders and business partners are seeking to integrate consistent, standard, and widely accepted valuation and decision making tools. This session will discuss the evolution of the Social & Human Capital Coalition. The Coalition and key stakeholders will delve into the latest trends around valuing social and human capital, as well as the application of the Social & Human Capital Protocol.
Portland Rotary: The state of socially responsible investing and the drivers...Mike Wallace
This presentation provides the latest information about the dramatic increase in interest in socially responsible investing (also known as environmental, social, and governance (ESG) investing). Mike Wallace, a Partner with BrownFlynn, and past Director of the North American Global Reporting Initiative, will discuss the growing interest amongst retail and institutional investors in applying either values or ESG data to their investments in the stock market. He will also discuss the role of investors in pushing companies to improve ESG policies and performance on issues such as climate change, diversity, and human rights.
CITI: Guidance for Investor Relations Officers on Managing ESG DemandMike Wallace
We were asked to speak to a group of CITI clients about the latest trends in #sustainability and #ESG. This presentation provides the latest information on the growth of the #ESG market, as well as real examples of corporate ESG data and how it is being presented to and used by intermediaries like Bloomberg, MSCI, Sustainalytics and others, as well as by asset owners and managers.
One of my earlier ESG presentations to an Investor Relations Officers' ( #IRO ) association called the National Investor Relations Institute ( #NIRI ). This was in 2009 while I was running my own consultancy #WallacePartners and representing clients like #Trucost
Consumers Love Ride-hailing, But Commitment Remains Elusiveaccenture
Accenture Research conducted an online survey of 1,000 consumers in the United Sates of consumers who use ride-hailing services to determine satisfaction and opportunities of growth.
ESG Roadmap: Observations and practical advice for boards, corporate secretar...Mike Wallace
Company governance practices and failures have long been an important factor in investor
analysis of a firm’s short-term and long-term value. Over the last several decades—with an
acceleration in the last five years—the relevance to investors of a company’s environmental and
social impacts stemming from its practices, policies and products has increased substantially.
Effective oversight and management by boards, corporate secretaries and sustainability teams
of so-called “ESG” (environmental, social and governance) issues are increasingly important to
preserving and creating shareholder value. Driven by client demand, reputational risk
management and a supportive body of financial research, many investors are demanding that
companies think more broadly about their ESG impacts, take corrective action (if required) and
disclose their ESG-related efforts. In this brief, we will examine the drivers of the growth in
ESG-related investing and engagement, explore ESG’s impact on financial products and
strategies and suggest practical advice to assist boards, corporate secretaries and sustainability
teams.
Presentation given by KPMG at the United Nations on the Internet of Things and the potential for sustainable development, with a focus on transportation. September 2016.
GreenBiz 19 Workshop Slides: The Evolution of Social and Human Capital Manage...GreenBiz Group
Corporate managers have long heralded people as their companies’ most important assets and research confirms the vital role of human capital in long-term value creation. In recognizing the importance and value of social and human capital many corporations, their investors, stakeholders and business partners are seeking to integrate consistent, standard, and widely accepted valuation and decision making tools. This session will discuss the evolution of the Social & Human Capital Coalition. The Coalition and key stakeholders will delve into the latest trends around valuing social and human capital, as well as the application of the Social & Human Capital Protocol.
Portland Rotary: The state of socially responsible investing and the drivers...Mike Wallace
This presentation provides the latest information about the dramatic increase in interest in socially responsible investing (also known as environmental, social, and governance (ESG) investing). Mike Wallace, a Partner with BrownFlynn, and past Director of the North American Global Reporting Initiative, will discuss the growing interest amongst retail and institutional investors in applying either values or ESG data to their investments in the stock market. He will also discuss the role of investors in pushing companies to improve ESG policies and performance on issues such as climate change, diversity, and human rights.
CITI: Guidance for Investor Relations Officers on Managing ESG DemandMike Wallace
We were asked to speak to a group of CITI clients about the latest trends in #sustainability and #ESG. This presentation provides the latest information on the growth of the #ESG market, as well as real examples of corporate ESG data and how it is being presented to and used by intermediaries like Bloomberg, MSCI, Sustainalytics and others, as well as by asset owners and managers.
One of my earlier ESG presentations to an Investor Relations Officers' ( #IRO ) association called the National Investor Relations Institute ( #NIRI ). This was in 2009 while I was running my own consultancy #WallacePartners and representing clients like #Trucost
Consumers Love Ride-hailing, But Commitment Remains Elusiveaccenture
Accenture Research conducted an online survey of 1,000 consumers in the United Sates of consumers who use ride-hailing services to determine satisfaction and opportunities of growth.
ESG Roadmap: Observations and practical advice for boards, corporate secretar...Mike Wallace
Company governance practices and failures have long been an important factor in investor
analysis of a firm’s short-term and long-term value. Over the last several decades—with an
acceleration in the last five years—the relevance to investors of a company’s environmental and
social impacts stemming from its practices, policies and products has increased substantially.
Effective oversight and management by boards, corporate secretaries and sustainability teams
of so-called “ESG” (environmental, social and governance) issues are increasingly important to
preserving and creating shareholder value. Driven by client demand, reputational risk
management and a supportive body of financial research, many investors are demanding that
companies think more broadly about their ESG impacts, take corrective action (if required) and
disclose their ESG-related efforts. In this brief, we will examine the drivers of the growth in
ESG-related investing and engagement, explore ESG’s impact on financial products and
strategies and suggest practical advice to assist boards, corporate secretaries and sustainability
teams.
The need for the Social & Human Capital Protocol Jan. 2019 - AHC GroupMike Wallace
Corporate managers have long heralded people as their companies’ most important assets and research confirms the vital role of human capital in long-term value creation. In recognizing the importance and value of social and human capital many corporations, their investors, stakeholders and business partners are seeking to integrate consistent, standard, and widely accepted valuation and decision making tools. This session will discuss the evolution of the Social & Human Capital Coalition. The Coalition and key stakeholders will delve into the latest trends around valuing social and human capital, as well as the application of the Social & Human Capital Protocol.
Best of Both Worlds: Correlating Static and Dynamic Analysis ResultsJeremiah Grossman
One of the only guarantees in life is that the first time you analyze a piece of software for security vulnerabilities, you're going to find them. Whether you’re using static or dynamic analysis, prioritizing defects for remediation can strain any organization. This session will demonstrate methods for integrating analysis techniques and show how a combined approach gives better results.
ERM partnered with a range of leading experts and institutions in June 2019 to bring the latest ESG and sustainability information to the Asian markets. Partners in this tour included, the Stock Exchange of Thailand (SET); Hong Kong Stock Exchange (HKEX); Bloomberg; Citi; Robeco; The Economist; and CDP.
According to current government guidelines, everyone who cannot do their job from home should now go to work, provided their workplace is open. As people start to trickle back into the workplace over the next few months, we’re going to see the emergence of a very dierent workplace. More people are going to continue to work remotely, whether full-time or part-time, and businesses are going to have to deal with the impact of the predicted recession.
Sustainable Brands New Metrics: The evolution of social and human capital man...Mike Wallace
Presented at Sustainable Brands New Metrics on Oct. 29, 2018. It captures the history of sustainability frameworks, guidelines and standards that touch on social and human capital issues. It also outlines the growing investor interest in social and human capital issues and what investors are expecting from companies they own. The presentation ends with the latest developments of the Social & Human Capital Coalition and the current state of the Protocol.
Presenters included BASF, Roche, S&P and UAW Trustees.
A Seed/Startup Venture Fund & Collaboration Community working with, supporting and compensating Incubators, Universities and Economic Development Agencies
Under cyber attack: EY's Global information security survey 2013EY
Under cyber-attack, EY's 16th annual Global Information Security Survey 2013 tracks the level of awareness and action by companies in response to cyber threats and canvases the opinion of over 1,900 senior executives globally. This year’s results show that as companies continue to invest heavily to protect themselves against cyber-attacks, the number of security breaches is on the rise and it is no longer of question of if, but when, a company will be the target of an attack.
For further information, visit: http://www.ey.com/GL/en/Services/Advisory/Cyber-security
When we conducted our inaugural environmental, social and governance (ESG) survey of private equity (PE) professionals last year, it was startling to see that nearly half (49%) of our general partner (GP) respondents did not have an ESG program at their firm and had no plans to create one, despite heightened concern from limited partners (LPs) on ESG issues. What a difference a year makes—not to mention the fact that we had a higher proportion of European respondents this year, who are much more progressive when it comes to ESG issues. In our second edition of the ESG survey, a majority of GP respondents (60%) now work at a firm with an established ESG program and another 26% either have an ESG program in development or plan to create one in the near future. However, there are still some PE firms that see little value in ESG programs. As one GP respondent put it: “we think [ESG] is the most asinine initiative ever to come out in the business world.”
While some PE firms eschew ESG issues and think that strong fund performance is enough to attract LP commitments, the LPs themselves are telling a different story. Eighty-four percent of LP respondents say that ESG issues are at least somewhat important when deciding whether or not to commit to a PE fund, with 18% claiming they are essential. Furthermore, 24% said they would they would commit to a fund with slightly lower historical performance if the firm had a strong ESG program. Remember, many of the largest contributors to PE funds are public pension plans, endowments, foundations and sovereign wealth funds—institutions which not only are interested in returns but also have an image to maintain. “GPs have to be more aware of investors’ desire for knowledge of their investments beyond just the financial return,” commented one LP respondent, while adding that the responsibility ultimately falls on the investors: “GPs will only change if the LPs push them to.”
One of the big takeaways from this year’s survey is that more PE firms are taking the necessary steps to make ESG a fundamental part of their investment approach. For example, 28% of GP respondents indicated that their firm produces a corporate social responsibility (CSR) report, up from 18% in 2012. And while finding effective metrics to monitor ESG performance continues to be the largest hurdle for ESG efforts, PE firms continue to find new ways to measure their ESG initiatives and have increasingly utilized forums, case studies and industry events and guidelines to fill the knowledge gap.
We hope that this survey serves as a lens into the current state of ESG issues in the PE industry and provides a starting point for developing a set of best practices that can be adopted by firms of all sizes. If you are interested in participating in future editions of the survey, or have any comments or suggestions for how we can improve this report, please contact us at research@pitchbook.com.
A tour of the global ESG standards landscape, 100 days out from COP26, explaining how Inline XBRL, a building block approach to international standards consistency, and independent review of coming mandatory ESG disclosures will change reporting. Presented to the Taiwan Stock Exchange 21 July 2021.
Edelman Privacy Risk Index Powered by PonemonEdelman
The Edelman Privacy Risk Index℠ is a global study that reveals many organizations lack the business behaviors and compliance practices necessary to adequately address growing consumer and regulatory concerns about data security and privacy.
Based on the 2013 book, Citizens DisUnited, by Robert A.G. Monks, this presentation looks at "ownerless" corporations and their impact on society. Companies with absentee owners typically try to amass wealth and power for CEOs while putting responsibility for things like taxes and pensions back onto society.
Positioning Yourself for the Future of the Profession - FICPADan Griffiths
In 2011, our profession engaged in a visioning project to imagine what the profession might look like in 15 years. Nearly five years later, we're beginning to see some of that vision come to life. Changes are coming to the CPA profession more rapidly than most of us could have imagined when we started our careers. We'll discuss some of the big changes and what young CPAs can do to position themselves to capitalize. Specifically, we'll delve into the emerging research around learning and performance and how you can directly apply it to your individual development. In an environment changing this rapidly, the ability to learn quickly is a key differentiator and the opportunities are tremendous for those willing to prepare themselves for what lies ahead.
What will it take to manage your shared services and outsourcing portfolio in 2015? In 2020? What are the key disruptors governance professionals should consider in making sure their organizations are prepared to deliver value to the enterprise in a sustainable fashion? The Future of Services Governance offers ideas and study results from a recent working group of 30 F500 services governance organizations.
The need for the Social & Human Capital Protocol Jan. 2019 - AHC GroupMike Wallace
Corporate managers have long heralded people as their companies’ most important assets and research confirms the vital role of human capital in long-term value creation. In recognizing the importance and value of social and human capital many corporations, their investors, stakeholders and business partners are seeking to integrate consistent, standard, and widely accepted valuation and decision making tools. This session will discuss the evolution of the Social & Human Capital Coalition. The Coalition and key stakeholders will delve into the latest trends around valuing social and human capital, as well as the application of the Social & Human Capital Protocol.
Best of Both Worlds: Correlating Static and Dynamic Analysis ResultsJeremiah Grossman
One of the only guarantees in life is that the first time you analyze a piece of software for security vulnerabilities, you're going to find them. Whether you’re using static or dynamic analysis, prioritizing defects for remediation can strain any organization. This session will demonstrate methods for integrating analysis techniques and show how a combined approach gives better results.
ERM partnered with a range of leading experts and institutions in June 2019 to bring the latest ESG and sustainability information to the Asian markets. Partners in this tour included, the Stock Exchange of Thailand (SET); Hong Kong Stock Exchange (HKEX); Bloomberg; Citi; Robeco; The Economist; and CDP.
According to current government guidelines, everyone who cannot do their job from home should now go to work, provided their workplace is open. As people start to trickle back into the workplace over the next few months, we’re going to see the emergence of a very dierent workplace. More people are going to continue to work remotely, whether full-time or part-time, and businesses are going to have to deal with the impact of the predicted recession.
Sustainable Brands New Metrics: The evolution of social and human capital man...Mike Wallace
Presented at Sustainable Brands New Metrics on Oct. 29, 2018. It captures the history of sustainability frameworks, guidelines and standards that touch on social and human capital issues. It also outlines the growing investor interest in social and human capital issues and what investors are expecting from companies they own. The presentation ends with the latest developments of the Social & Human Capital Coalition and the current state of the Protocol.
Presenters included BASF, Roche, S&P and UAW Trustees.
A Seed/Startup Venture Fund & Collaboration Community working with, supporting and compensating Incubators, Universities and Economic Development Agencies
Under cyber attack: EY's Global information security survey 2013EY
Under cyber-attack, EY's 16th annual Global Information Security Survey 2013 tracks the level of awareness and action by companies in response to cyber threats and canvases the opinion of over 1,900 senior executives globally. This year’s results show that as companies continue to invest heavily to protect themselves against cyber-attacks, the number of security breaches is on the rise and it is no longer of question of if, but when, a company will be the target of an attack.
For further information, visit: http://www.ey.com/GL/en/Services/Advisory/Cyber-security
When we conducted our inaugural environmental, social and governance (ESG) survey of private equity (PE) professionals last year, it was startling to see that nearly half (49%) of our general partner (GP) respondents did not have an ESG program at their firm and had no plans to create one, despite heightened concern from limited partners (LPs) on ESG issues. What a difference a year makes—not to mention the fact that we had a higher proportion of European respondents this year, who are much more progressive when it comes to ESG issues. In our second edition of the ESG survey, a majority of GP respondents (60%) now work at a firm with an established ESG program and another 26% either have an ESG program in development or plan to create one in the near future. However, there are still some PE firms that see little value in ESG programs. As one GP respondent put it: “we think [ESG] is the most asinine initiative ever to come out in the business world.”
While some PE firms eschew ESG issues and think that strong fund performance is enough to attract LP commitments, the LPs themselves are telling a different story. Eighty-four percent of LP respondents say that ESG issues are at least somewhat important when deciding whether or not to commit to a PE fund, with 18% claiming they are essential. Furthermore, 24% said they would they would commit to a fund with slightly lower historical performance if the firm had a strong ESG program. Remember, many of the largest contributors to PE funds are public pension plans, endowments, foundations and sovereign wealth funds—institutions which not only are interested in returns but also have an image to maintain. “GPs have to be more aware of investors’ desire for knowledge of their investments beyond just the financial return,” commented one LP respondent, while adding that the responsibility ultimately falls on the investors: “GPs will only change if the LPs push them to.”
One of the big takeaways from this year’s survey is that more PE firms are taking the necessary steps to make ESG a fundamental part of their investment approach. For example, 28% of GP respondents indicated that their firm produces a corporate social responsibility (CSR) report, up from 18% in 2012. And while finding effective metrics to monitor ESG performance continues to be the largest hurdle for ESG efforts, PE firms continue to find new ways to measure their ESG initiatives and have increasingly utilized forums, case studies and industry events and guidelines to fill the knowledge gap.
We hope that this survey serves as a lens into the current state of ESG issues in the PE industry and provides a starting point for developing a set of best practices that can be adopted by firms of all sizes. If you are interested in participating in future editions of the survey, or have any comments or suggestions for how we can improve this report, please contact us at research@pitchbook.com.
A tour of the global ESG standards landscape, 100 days out from COP26, explaining how Inline XBRL, a building block approach to international standards consistency, and independent review of coming mandatory ESG disclosures will change reporting. Presented to the Taiwan Stock Exchange 21 July 2021.
Edelman Privacy Risk Index Powered by PonemonEdelman
The Edelman Privacy Risk Index℠ is a global study that reveals many organizations lack the business behaviors and compliance practices necessary to adequately address growing consumer and regulatory concerns about data security and privacy.
Based on the 2013 book, Citizens DisUnited, by Robert A.G. Monks, this presentation looks at "ownerless" corporations and their impact on society. Companies with absentee owners typically try to amass wealth and power for CEOs while putting responsibility for things like taxes and pensions back onto society.
Positioning Yourself for the Future of the Profession - FICPADan Griffiths
In 2011, our profession engaged in a visioning project to imagine what the profession might look like in 15 years. Nearly five years later, we're beginning to see some of that vision come to life. Changes are coming to the CPA profession more rapidly than most of us could have imagined when we started our careers. We'll discuss some of the big changes and what young CPAs can do to position themselves to capitalize. Specifically, we'll delve into the emerging research around learning and performance and how you can directly apply it to your individual development. In an environment changing this rapidly, the ability to learn quickly is a key differentiator and the opportunities are tremendous for those willing to prepare themselves for what lies ahead.
What will it take to manage your shared services and outsourcing portfolio in 2015? In 2020? What are the key disruptors governance professionals should consider in making sure their organizations are prepared to deliver value to the enterprise in a sustainable fashion? The Future of Services Governance offers ideas and study results from a recent working group of 30 F500 services governance organizations.
Global Opportunity Report 2017 (English)
https://www.unglobalcompact.org/library/1171
Global Opportunity Report Series
Identifies and ranks 15 sustainability opportunities according to public and private sector interest and potential impact on societies and business. The report aims to demonstrate how global sustainability challenges and risks can be seen as opportunities. The 2016 reports stems from a survey of 5,567 business, governmental and social leaders across five continents.
https:/About the UN Global Compact
We are a voluntary initiative based on CEO commitments to implement universal sustainability principles and to take steps to support UN goals.
/www.unglobalcompact.org/about
Our Governance
With the support of business and other stakeholders, the UN Global Compact’s governance framework was adopted by then UN Secretary-General Annan on 12 August 2005 following a year long international process co-led by Georg Kell, Executive Director of the UN Global Compact and Professor John Ruggie, then Special Advisor to the Secretary-General. That process included studying networked governance models of other cutting-edge global action and solution networks and holding focus groups with participants and stakeholders, including governments, local networks, and academics. The resulting governance framework distributes governance functions among several entities so as to engage participants and stakeholders at the global and local levels in making decisions and giving advice on the matters of greatest importance to their role and participation in the UN Global Compact and to reflect the initiative’s public-private and multi-stakeholder character.
Refinements have been made since 2005 including the establishment of the UN Global Compact Government Group to formalize Governments’ role as well as the creation of the Local Networks Advisory Group to facilitate exchange of information and input to and from the UN Global Compact Headquarters and the growing number of Local Networks around the world (86 as of November 2014). The governance framework consists of the following nodes of decision-making and advice provision:
Lise kingo
Ms. Lise Kingo
CEO & Executive Director
info@unglobalcompact.org
The growing public distress about the corporate world's impact on our environment is driving executives and investors alike to see their activities through an increasingly greener lens. From Dell to Caterpillar to Goldman Sachs, companies of all types and sizes are voluntarily communicating information to stakeholders about their business's impact on the environment.
The impact of quality and CMS scores on costJames Case
Quality performance is important for provider organizations, but it can be difficult to understand the financial implications of improved quality performance. Despite controversy, the CMS star ratings for providers will have a substantial impact on hospital's financial position through the relationships it has through the entire organization.
Searching for a new mission to work on, I analyzed in Internet how to get in contact which industrial companies which got strong compromise with our future. Not so easy :-)
Hereby I share you from CDP (Carbon Disclosure Project) the "A-List" Report End 2014 ("A" like we all now from energy efficiency labels). Herein you will find 767 companies with clear sustainable strategies. And at the end of the report the black sheeps which did not contribute transparency dates to CDP for the Climate Performance Leadership Index (CPLI).
Interesting, too...all these companies performed in sum better than reference index values on stock exchange. see for details the added report
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
For the first time, CDP and Accenture have analyzed this data at the national level to assess the relative climate risk faced by supply chains in 11 key markets, the preparedness of these supply chains to manage these risks and the propensity of suppliers to work with their customers to reduce risk and seize climate opportunities. This year’s supply chain program involved 66 corporations with $1.3 trillion in procurement spend. They requested that their suppliers disclose information on how they are approaching climate and water risks and opportunities, generating the largest ever set of such data, from 3,396 companies worldwide, up from 2,868 in 2013.
How does the CSR policy bring value to the PSA Group?Groupe PSA
Leading the company in a responsible way involves taking on board all the risks associated with our activity, then evaluating, measuring their impact and taking action to reduce them. It is also a means of indentifying and capitalizing on new opportunities.
The PSA Group is a world leader in terms of CSR.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
This is what leaders of all organizations face: high, continuous, and sometimes contradicting demands from all different stakeholders. Managing all these demands is walking a fine line, which in todays changing world is not a straight one.
Dynamic Risk Assessment is new method that allows our clients to map their risk/opportunity network. Dynamic Risk Assessment (DRA) combines the power of mathematics with human intuition in order to come to a more forward-looking way to quantify systemic risk.
I will start with a summary of the DRA method, and then make concrete what DRA can do for SDG strategy setting within businesses.
The Genesis of DRA stems from the Global Financial crisis of 2007-2008. The biggest financial institutions, regulators, and Credit Rating Agencies, all with very smart people working in them, did not see the systemic risks until it was too late. Our models, with their seductive level of certainty, had done little more than lull us into a false sense of safety.
So, in 2009, some people started to wonder how we can predict the future in a better way.
This led to the insight that many of our models, such as VaR, has been tested on a period of unusable stability. We can call it abnormal normality (As a side note: remember, normality was also an assumption made on distribution of errors in the models on slide 4).
It is not the world we live in today.
Our world is increasingly interconnected. Technologically, financially, socially, and of course environmentally.
An increasingly interconnected world is also an inherently dynamic, unstable, and thus unpredictable world.
So why do we still often view risk in this way? As if a risk occurs in isolation? As if its impact and likelihood are constants?
DRA supplements the old way of looking at risks with an a network view. Because risks do no occur in isolation, they influence each other.
How do we arrive at the network?
We use expert elicitation. ONE expert is about as accurate as a dart-throwing monkey. However, science tells us that A GROUP of experts, a diverse group that is, is the best forecaster you can get in an unstable world.
The World Economic Forum sues expert elicitation as well for their Annual Risk Report, for example.
Once we have the connection overview, and the forward-looking input form participants, only then do we apply mathematics in order to arrive at metrics usable to base business decisions on.
DRA has already been successfully applied by KPMG to major clients in both Audit and Advisory. DRA is industry agnostic, and has been applied in U.S., Europe, Japan, Australia and New Zealand, with interest from Canada, South Africa, and Brazil.
Typically clients have been those that have learned relatively early on (sometimes the hard way) the importance of connection and how they can be impacted by external forces,.
Why apply DRA to the SDGs?
The dynamic systems thinking that is at the DRA’s core is really applicable to sustainability challenges. Relationships aren’t stable, and they’re not predictable based on past data. We know that not achieving the Paris accord, for example, is going to be harmful, but nobody knows exactly how the climate change.
Secondly, the use of expert elicitation aligns with major sustainability trends. This goes being the theme of inclusivity. It goes to the latest insights on how we need to organize ourselves. The notion of iterative policy setting, of the need for enhanced communication and collaboration. To be nimble and resilient, rather then dominate and stick to top-down strategies.
Current hierarchical structure can get too focused on self-preservation. By talking to a diverse group of experts throughout the organization, we tap into what Harvard professor Leith Sharp calls the “sensing capacity” of an organization, allowing leadership access to their knowledge and intuition so they can respond to emerging issues quicker.
What will the output of DRA on the SDGs look like?
Firstly, we have the old familiar look at risk.
Please note that the nodes in this graph have been plotted randomly, for illustrative purposes only. No conclusion whatsoever can be drawn from this particular plot.
A cluster is a group of risks that tend to occur together. So when one risk materializes, the likelihood of the other risk increases as well.
The cluster analysis will help you avoid underestimating how the combined impact of sustainability trends hurt your business. We saw how this happened in the financial crisis, and we believe that the underestimation from many companies of the cluster risk stemming from sustainability challenges is real threat to economic stability today as well.
The centrality part of the analysis tells us which risk (or: nodes) are most influential or influenced.
The nodes that are most influential have the most effect within the network. In other words: focusing on these nodes will indirectly influence the entire network. We have seen clients turn around their entire business by focusing on the 3 most influential nodes. The most influential nodes in an SDG network are a way to not only safely practice sustainable business with optimal focus, but an opportunity to turn these efforts into a core strategic advantage.
Then there are the most or influenced nodes. These are a company’s vulnerable nodes. An organization does not have much influence here; directing efforts here will be inefficient because the entire network is working against you. Yet, these nodes are very important to the organization, because if these risks materialize it will likely be the end of it. This is where a company will want to focus its philanthropic efforts, to raise awareness around this SDG. It should partner with organizations that have more direct influence on this risk.
In many companies, philanthropy is a separately operating unit in the company, maybe connected with HR and PR, but quite divorced from core operations. But stakeholders these days are asking more. The new message is that sustainability, or specifically the SDGs, are good business, i.e., it should be at the core of what a company does. Still, no business can focus on all 17 SDGs. So companies are still struggling with where to focus and invest. With DRA we use the latest in network mathematics and social science to help an organization determine its core strategy, as well as philanthropic focus so that these two are working coherently, mutually reinforcing, and thus effectively.
Finally, we add the aspect of velocity. This will help manage the typical trade-off of profit loss due to investments in the short term versus safeguarding long-term profitability. It will also avoid, again the underestimation of how fast a risk will materialize. Because note that the velocity of a cluster is…. The minim velocity of any risk in that cluster.