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Visualizzazione post con etichetta economic. Mostra tutti i post

mercoledì 10 settembre 2014

Leveraging Sustainability For Economic Profit – The Financial Value of Sustainability and ESG

As I sit here thinking about what I want to write, I reflect back on my journey in business and finance that has brought me to where I am today. How, in conducting business, it is results, outcomes and accountability that have always carried weight. Serving customers well and adding value – making them more […]

Environmental Management & Sustainability News


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Social Entrepeneurship, economic, financial, Leveraging, profit, sustainability, Value

sabato 22 marzo 2014

Week in FX Europe – BoE Shake Up No Match For Yellen’s FOMC

Week in FX Europe – BoE Shake Up No Match For Yellen’s FOMC





via MarketPulse:



Geopolitical risk continues to be high after Crimea’s overtly pro-Russian vote in Sunday’s referendum. The fact that energy and other commodities had high stocks before the Ukraine-Russian turmoil decreased the effect that it had on prices. Russian stock markets where the hardest hit this week with western counterparts unfazed and even boosted by President Putin’s words about no further Ukrainian region expected to join. The EUR/USD stood mostly in a very tight range around 1.39 before the US Federal Reserve’s FOMC.


The Bank of England governor announced his shake up of the Old Lady. Answering two of the biggest complaints about the central bank Carney appointed a new Chief Economist and a Deputy of Banks and Markets. The fact that the market was calling out the BoE for being out of touch with the economy and having the wrong forecasts explains the first appointment. The biggest loser in the shake up was MPC member Fisher who oversaw one of the people who have been suspended in the ongoing FX manipulation probe. This probably means that Fisher will be out when his term ends.


Sanctions against Russia continue to rise. The US has used the more aggressive language, but in the end both the EU and the US have been limited to sanctions on individuals in the periphery of the conflict and no direct economic sanctions for Russia. The US has nothing to lose as trade with Russia is small. Russia does not hold that much US debt that could hurt the US if they decide to sell. Europe on the other hand has a much co-dependant relationship with Russia. The Europe needs Russian energy. Germany in particular accounts for most Russian exports to Europe. Russian in exchange needs the profits from those energy exports to sustain its economy. German sanctions would hurt Russia, but would also impact the rate of growth of the economy and Europe as the teuton nation is the engine of the region.


The Janet Yellen era at the United States Federal Reserve has officially begun. Her first Federal Open Market Committee was memorable. The actual FOMC statement was what the market has come to expect from central bank communication: Optimistic, but cautious. The expected $10 billion added taper continues the trend set by Bernanke in the December FOMC. What took markets by surprise was Mrs Yellen first post FOMC press conference.


The Fed chair said that the quantitative easing program would could end by fall if the current pace continues to be constant and rates could be higher six months after that. Nowhere in the FOMC statement did that timeline appear. In fact the actual release foresaw low rates for “considerable time”. Yellen surprised by giving a closer date that most analyst expected given other Fed members previous statements.


What begun last summer with another apparent off script comment from Ben Bernanke regarding tapering seems to be moving forward. The era of record low rates around the world seems to be over. Emerging markets were particularly hard-hit by the tapering announcement. This time around the USD has made big gains against all currencies across the board.


The Fed chair word’s dropped the EUR/USD below the 1.39 range and well into 1.37. It has seen retreated slightly to above 1.38. Deflation and the strong euro continue to be a concern for the European Central Bank. Thanks to Yellen they have to focus only on deflation for now.













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turmoil stock russian result forex eur energy economic deans fx forex turmoil stock russian result forex eur energy economic deans fx forex



WEEK AHEAD


* GBP Consumer Price Index

* USD Durable Goods Orders

* JPY National Consumer Price Index

* EUR German Consumer Price Index

* GBP UK Gross Domestic Product



The post Week in FX Europe – BoE Shake Up No Match For Yellen’s FOMC appeared first on MarketPulse.



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martedì 11 marzo 2014

7 Reasons Why Junior Farmer Schools Hold Promise for African Youth

7 Reasons Why Junior Farmer Schools Hold Promise for African Youth



“You can study and still not find a job, but if you can farm, you can go and do something for yourself.” Francisco, 15Young people in Africa face many obstacles as they enter the world of work, but a junior farming program is helping to clear their paths.If Africa is to prosper, its young and rapidly growing labor force must prosper – above all in agriculture. Farming is the continent’s biggest employer and biggest potential engine of economic growth.The generation entering the African labor force now is the most educated ever, say the authors of a new World Bank report, but employment opportunities haven’t improved. Few wage jobs exist. Most young people work for themselves or their families on small farms or in household …



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“You can study and still not find a job, but if you can farm, you can go and do something for yourself.” Francisco, 15


Young people in Africa face many obstacles as they enter the world of work, but a junior farming program is helping to clear their paths.


If Africa is to prosper, its young and rapidly growing labor force must prosper – above all in agriculture. Farming is the continent’s biggest employer and biggest potential engine of economic growth.


The generation entering the African labor force now is the most educated ever, say the authors of a new World Bank report, but employment opportunities haven’t improved. Few wage jobs exist. Most young people work for themselves or their families on small farms or in household businesses. Underemployment in the informal sector is widespread, meaning that young people live in poverty or near poverty even when they work hard in fields and shops.


Started by the U.N. Food and Agriculture Organization in 2003, Junior Farmer Field and Life Schools have given life-enhancing skills to 20,000 12- to 18-year-olds across 20 countries. Here are seven reasons for their success in preparing youth to build better livelihoods:


1. The schools bridge the gap between supply and demand for vocational training.

Most young people in rural areas don’t get past primary school. But Africa’s few formal agricultural schools and programs require at least some secondary education. In Junior Farmer Schools, young people who have no other avenue to vocational training learn modern farming skills.


2. The schools complement formal education.

Literacy and numeracy lead to better farm incomes, in part because they provide the foundation for learning modern farming techniques. Since Junior Farmer Schools offer vocational training after school hours and admit only 12- to 18-year-olds, they don’t compete with the formal education system. In fact, some are based in primary schools, where they have helped boost enrollment, attendance and performance.


3. The schools minimize opportunity costs.

Though classes are free, they require a modest investment of time. The weekly commitment of about 10 hours over a few days allows young people to go to school or work full time on a farm or in a household business.


4. The schools build a broad range of skills that enhance productivity.

Young people learn about modern farming practices, including pest management, soil and water conservation, horticulture and livestock management. But farming skills alone won’t enable them to seize opportunities and face challenges and risks in their lives. So the curriculum also builds life skills, such as nutrition, child rights and protection, HIV/AIDS prevention and gender awareness as well as business skills like budgeting and marketing. Vocational and life skill topics are creatively integrated in the curriculum. For example, units on soil fertility are paired with units on nutrition. And participatory learning methods help build critical thinking and behavioral skills, like self-confidence.


5. The schools help bring the poorest and most vulnerable young people into the mainstream of economic and community life.

Rural youth lack access to opportunities, services and networks. This is especially true for girls, young people who are out of school, and orphans. Tragically, Africa’s HIV/AIDS epidemic is creating a growing population of orphans who don’t have parents to teach them farming and other skills. Junior Farmer Schools target young people who tend to be excluded because of their age, sex and social status. Communities select an equal number of boys and girls while giving priority to those who are orphans or out of school.


6. The schools are community-driven.

The Food and Agriculture Organization and its government and U.N. partners provide technical and financial support to schools. But local communities and volunteers run them – sourcing plots of land, recruiting facilitators, selecting young people, assessing training needs, choosing the curriculum and monitoring and evaluating their progress. Communities tailor the program to local needs, assess and improve its effectiveness, and support schools with in-kind contributions. This decentralized approach fosters relevance and accountability while helping to reduce costs.


7. The schools help graduates move on to the next stage of their journey to decent livelihoods.

In their second year, participants apply and build on business skills gained in the first. Teachers guide them through the process of becoming entrepreneurs — identifying opportunities and risks, creating business plans, and connecting with information and resources in the community. Resources may include markets, role models, microcredit, further vocational training in Farmer Field Schools (a kind of adult counterpart to Junior Farmer Schools), farmer groups, and relevant government services and programs.


Of course, young people in rural Africa need an environment of opportunity as well as skills to better their lives. Major new public and private investments are vital — in agricultural research and technology, value chains, access to credit, irrigation systems, and roads for transporting goods to markets.


These investments must come from African leaders, donors in the developed world, and multinational and African companies. To judge by the plans and activities of the African Union, the Global Food and Agricultural Security Program set up by the G-20, and the Grow Africa partnership, the investment outlook for agriculture is promising.


Junior Farmer Field and Life Schools show that investing in the skills of young farmers makes good economic sense, even to poor rural communities. Now it’s time to expand the program so that young people can create a better future for themselves and for Africa.






For more info: 7 Reasons Why Junior Farmer Schools Hold Promise for African Youth


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Social Entrepeneurship, agriculture, economic, insurance, private, school, schools, security, world

sabato 15 febbraio 2014

Week In FX Asia – Chinese Fortunes Tough to Pin Down

Week In FX Asia – Chinese Fortunes Tough to Pin Down





via MarketPulse:



Should we be concerned about the rumors of a pending credit crunch in China? The beauty of a one-party system is its political flexibility. With authorities having the power and ability to strike a balance quickly between reforms to its financial sector and economic expansion, it should allow China to achieve its growth target of +7.6% this year. But the reality is that issues surrounding China’s shadow banking system are not going away any time soon — their growing domestic U.S. debt levels are making the global markets a tad nervous. Analysts are worried about investment dominating gross domestic product growth.


Whenever discussing China, it’s not too much of a surprise to see the nation’s data defy even the most bullish of market expectations. Earlier this week, Chinese imports were up +10% year-over-year against +4% expected, while exports rose +11% against a flat forecast. If anything, numbers like these lead to more questions. How accurate are they and is the market comfortable with them? Only a few should be able to answer that in the affirmative, especially with such a big miss. It seems rather convenient that when the market ever doubts the global economy, Chinese data comes up trumps. Despite this, China’s widened trade surplus and continued capital inflows should show that the yuan remains under pressure to appreciate. Analysts are expecting the RMB to finally break that psychological 6.0 handle later this year. But one must consider the interfering People’s Bank of China (PBoC) before jumping to conclusions.


The yuan closes out the week falling against the dollar after further PBoC intervention. Authorities set the dollar/yuan at 6.1070. Lately, the PBoC has been actively slowing its rising pace especially after the massive dollar sell-off that was initiated at the beginning of the year. It’s noteworthy to mention the yuan has fallen -0.2% since the start of 2014 after gaining +2.9% last year.













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week in fx markets imports forex economy economic cny capital aud forex week in fx markets imports forex economy economic cny capital aud forex



WEEK AHEAD


* JPY Gross Domestic Product

* GBP Consumer Price Index

* EUR German ZEW Survey Economic Sentiment

* USD Consumer Price Index

* CAD Consumer Price Index



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week in fx markets imports forex economy economic cny capital aud forex


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martedì 11 febbraio 2014

Trader Chatter February 10 – Business Insider

Trader Chatter February 10 – Business Insider



Steven Perlberg Feb. 10, 2014, 8:17 AM1,215 Email More Share on Tumblr AP Dave Lutz of Stifel Nicolaus passes along what he’s chattering about this morning.Good Morning! US Futures are weaker this AM, with the S&P off 40bp. While the stronger Yen is a factor – 2 market headwinds this week is Yellen speaking before Congress Tuesday and Thurs (uncertainty) and the Retail Sales Print for January due Thursday (Bad Weather) ahead of a 3day weekend in the States. We also have some overnight weakness in EM, with Ukraine and Hungary’s FX under pressure. The DAX just turned negative, while EU’s Financials are off 1.2% ahead of a Noon Trichet speech in Athens. Volumes in the EU are pacing very light, with Germany trading 40% below the 20day average – …



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Dave Lutz of Stifel Nicolaus passes along what traders are looking at this morning.


For more info: Trader Chatter February 10 – Business Insider


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Trader Chatter February 10 – Business Insider


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domenica 2 febbraio 2014

Week In FX Asia – EM Woes Go Beyond Tapering And Soft China Data

Week In FX Asia – EM Woes Go Beyond Tapering And Soft China Data





via MarketPulse:



This weeks Emerging Markets FX landscape bore witness to some extreme price action moves, well beyond the “Fragile Five” that will surely have convinced many investors to contemplate cutting exposure to the region even further.


The EM price movement is not just about the Fed’s tapering plans – investors are also trying to adjust their portfolios to the global market concerns as to whether China can smoothly deleverage its financial sector, and on the timing of the Fed’s first rate hike as QE draws to a close.


Currently, there are no obvious reasons to want to buy the region, in fact the EM currencies with current account deficits and low FX reserves will remain the most vulnerable. Topping many analysts’ lists and source of potential contagion remains the Turkish Lira (TRY). Political constraints on the Turkish Central Bank (CBRT) and dwindling FX reserves would suggest that the country faces a massive battle to stem the loss of market confidence that has certainly widened this week.


After the initial euphoria of the CBRT aggressive rate hike earlier in the week, the TRY continues to trade lower and is ending this Friday’s Euro session on fresh day-lows (2.2832). The market continues to gravitate towards the relative safety of the JPY and the USD after both weak Euro inflation numbers and a disappointing German December sales data print early Friday morning is not helping the 18-member single currency’s plight.


China’s growth prospects are a global concern, with many analysts beginning to slash their Q1 2014 growth forecast from their prior call of 7.4% to a new growth rate of 6%. The governments reform agenda rolled out late last year were greeted with some euphoria by the market. Now that the dust has settled, it’s naïve to suspect that the implementation of reforms could proceed without causing some economic pain to the worlds second largest economy. China continues to face the “three R’s: retreat in growth, structural reforms, and credit risks.”













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week in fx prospects political massive initial inflation economic deficits confidence aud account forex week in fx prospects political massive initial inflation economic deficits confidence aud account forex



WEEK AHEAD


* USD ISM Manufacturing

* AUD Reserve Bank of Australia Rate Decision

* NZD Unemployment Rate

* GBP Bank of England Rate Decision

* EUR European Central Bank Rate Decision

* USD Change in Non-farm Payrolls

* CAD Unemployment Rate

* GBP Gross Domestic Product Estimate



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venerdì 31 gennaio 2014

NEWS: As the poor reap the benefits of globalization, the rich fight it

NEWS: As the poor reap the benefits of globalization, the rich fight it



NEWS: As the poor reap the benefits of globalization, the rich fight it Email share NEWS: As the poor reap the benefits of globalization, the rich fight it By Kyla Yeoman, January 31, 2014 Photo: Recovering Vagabond (flickr) Globalization has made the world a more equal place, lifting the economic fortunes of billions of poor people over the last quarter century. Here’s the rub: At the same time, it has made richer countries more unequal—squeezing the incomes of the poor and the middle class. “I think we have a political problem. At some point, the middle classes in rich countries could turn against globalization,” says Mr. Piketty. A world order in which a majority of people benefits—but an influential minority doesn’t—may not be sustainable for long. Read the…



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Globalization has made the world a more equal place, lifting the economic fortunes of billions of poor people over the last quarter century. Here's the rub: At the same time, it has made richer countries more unequal—squeezing the incomes of the poor and the middle class.


"I think we have a political problem. At some point, the middle classes in rich countries could turn against globalization," says Mr. Piketty. A world order in which a majority of people benefits—but an influential minority doesn't—may not be sustainable for long.



Read the full article on The Wall Street Journal: Looking at a two-track future





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martedì 28 gennaio 2014

Quotable: What’s the point of economic development?

Quotable: What’s the point of economic development?



Quotable: What’s the point of economic development? Email share Quotable: What’s the point of economic development? By Kyla Yeoman, January 27, 2014 Though Brazil’s favelas are almost iconic now, the country’s middle class is growing rapidly. Photo: webmink The main aim of economic development must always be the improvement of living conditions. You cannot separate the two concepts. – Dilma Rousseff, President of Brazil”In other words, Brazil’s admittedly leftist government doesn’t spend a lot of time worrying about growth for its own sake, but rather connects it with alleviating poverty and growing the middle class,” writes Joe Nocera in The New York Times.Articles You Might Like:Does the economic growth of poor countries terrify Westerners?As Portugal eyes Brazil’s wealth, will the colonial winds reverse?How better-trained…



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The main aim of economic development must always be the improvement of living conditions. You cannot separate the two concepts.



- Dilma Rousseff, President of Brazil


"In other words, Brazil’s admittedly leftist government doesn’t spend a lot of time worrying about growth for its own sake, but rather connects it with alleviating poverty and growing the middle class," writes Joe Nocera in The New York Times.






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lunedì 13 gennaio 2014

Trader Chatter, Jan. 13, 2014 – Business Insider

Trader Chatter, Jan. 13, 2014 – Business Insider



Sam Ro Jan. 13, 2014, 7:47 AM923 Email More Share on Tumblr REUTERS/Scott OlsonGoldman said what now? Dave Lutz of Stifel Nicolaus has a roundup of what traders are chatting about ahead of the U.S. market open: Good Morning! US Futures are starting on a weaker footing this AM, with the E-Minis retreating 30bp. A lot of reasons for the softness, from Zero Hedge relaying GS’s Kostin that the market is overvalued – to concerns about retail (4 retailers have cut forecasts so far this AM –> ASNA, LULU, SSI and EXPR. This comes as ICR starts today and ahead of Advance Retail Sales tomorrow) – to Earnings angst (30 of the 500 SPX companies report – Major Fins like JPM, BAC, AXP and GS – as well as …



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chicago trader nasdaq futures. REUTERS/Scott Olson. Goldman said what now? Dave Lutz of Stifel Nicolaus has a roundup of what traders are chatting about ahead of the U.S. market open: Good Morning! US Futures are


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Trading, detroit, economic, employment, goldman, king, lutz, market, nicolaus, outlook, roundup, sales, trading

lunedì 6 gennaio 2014

This is what financial inclusion looks like: CGAP announces photo contest winners

This is what financial inclusion looks like: CGAP announces photo contest winners



This year’s winning photo, titled “Rainy Afternoon,” taken by Truong Minh Dien of Vietnam, shows a Vietnamese woman transporting potatoes to the market in the rain to earn money to feed her family.CGAP (The Consultative Group to Assist the Poor) chose a selection of 30 of the best photos from 3,890 entries from photographers in 91 countries.The annual photo contest highlights both professional and amatuer photography and some of the ways poor people work to make money. “Photos of society and social inequality can help eliminate poverty by creating social awareness,” said photographer Mohammad Rakibul Hassan of Bangladesh. “Through strong photography, CGAP showcases the different ways in which poor households manage their financial lives and how financial inclusion can make the lives of people at the …



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This year’s winning photo, titled “Rainy Afternoon,” taken by Truong Minh Dien of Vietnam, shows a Vietnamese woman transporting potatoes to the market in the rain to earn money to feed her family.


CGAP (The Consultative Group to Assist the Poor) chose a selection of 30 of the best photos from 3,890 entries from photographers in 91 countries.


The annual photo contest highlights both professional and amatuer photography and some of the ways poor people work to make money. “Photos of society and social inequality can help eliminate poverty by creating social awareness,” said photographer Mohammad Rakibul Hassan of Bangladesh.



“Through strong photography, CGAP showcases the different ways in which poor households manage their financial lives and how financial inclusion can make the lives of people at the base of the economic pyramid better."



View the entire gallery of the 30 winning photos here.







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venerdì 20 dicembre 2013

Farewell transmission

Farewell transmission



Forward Print HTML Share on Facebook Google Plus One Linkedin Share Button The end of 2013 marks the end of one very full decade producing Sustainable Industries in all of its iterations: over 125 print and digital magazines, some 750 editions of our email newsletters, a few dozen webinars, and more than 30 live events including most prominently the inspirational Sustainable Industries Economic Forums.By the end of this year Sustainable Industries will be closing its doors. It was a good run, and for me personally, an incredible learning experience I could have found nowhere else.Sustainability has evolved into a formidable professional practice, one that is in many ways owned in this post-recession era by large corporations motivated by branding, competitiveness, efficiency and risk management. So much has been …



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The end of 2013 marks the end of one very full decade producing Sustainable Industries in all of its iterations: over 125 print and digital magazines, some 750 editions of our email newsletters, a few dozen webinars, and more than 30 live events including most prominently the inspirational Sustainable Industries Economic Forums.


By the end of this year Sustainable Industries will be closing its doors. It was a good run, and for me personally, an incredible learning experience I could have found nowhere else.


Sustainability has evolved into a formidable professional practice, one that is in many ways owned in this post-recession era by large corporations motivated by branding, competitiveness, efficiency and risk management. So much has been accomplished, yet so much of the story remains compromised, bubbling below the surface, as it always has been and always will be. The mounting challenges are formidable, yet the important work ahead is increasingly outside the nomenclature of green and sustainable.


When we launched Sustainable Industries at the start of 2003, there were very few media outlets covering sustainability, especially from a business experience. That is no longer true, a phenomenon that is both humbling and impressive. Media is a notoriously challenging enterprise, particularly for those of the independent, for-profit and bootstrapped variety. There are so many beeps, blinking lights, shocking images and reptilian-brain headlines competing for our curiosity and our clicks each day, with only so much time to absorb that which we filter through the barrage, until alas we fold down our laptops, hide away our mobile devices, and focus on the amazing people and landscapes right in front of us.


Through this work I have encountered so many bright and skilled mission-driven individuals, thought leaders whose dedication and sincerity can only be described as remarkable. Perhaps one of them is you. I am proud to have been a part of this movement, to have had the opportunity to serve you. There are also those who I had the honor to work alongside, who mightily contributed to those efforts over the years, many of whom are listed here. I thank everyone who crossed paths with Sustainable Industries for their support, their encouragement and their influence.


As for me, I will be setting out in 2014 on some exciting new projects that inspire me for offering direct and tangible opportunities to make the world a better place; I would have it no other way. It’s my hope that I will have the good fortune to cross paths with many of you again down this windy, wondrous road. Should you have any questions or comments, please don’t hesitate to drop us a line at contact@sustainableindustries.com.


Happy holidays, and best wishes in all you do in the new year.


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Brian Back

Founding Editor & Publisher

Sustainable Industries


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