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Addressing Contextual Disparities: A Critical Analysis of International Sustainability Rankings for Higher Education Institutions

By George Sammour and Ola Al Haddid

As sustainability becomes a crucial metric in higher education, global sustainability rankings have gained prominence. However, these benchmarks often overlook the varying challenges faced by universities, especially those in the MENA region. George Sammour and Ola Al Haddid put the case for a more equitable evaluation framework.

In recent years, the significance of sustainability within higher education institutions (HEIs) has become increasingly recognised on a global scale. International green / sustainability rankings such as the UI GreenMetric World University Ranking, Times Higher Education (THE) Sustainability Impact Rankings, and the QS Sustainability Ranking have emerged as prominent benchmarks, assessing universities’ commitment and performance towards (or away from) sustainable growth and development.

While these rankings aim to promote environmental citizenship, social responsibility, and economic viability, there is growing concern regarding their ability to accurately reflect the diverse contexts of HEIs, particularly the disparities between institutions in the global North and the global South, especially countries in the Middle East and North Africa (MENA). This article delves into the nuances of these international sustainability rankings, highlighting the overlooked contextual differences and proposing a pathway towards a more inclusive, as well as nuanced, framework.

The Essence Of International Sustainability Rankings

There is growing concern regarding their ability to accurately reflect the diverse contexts of HEIs, particularly the disparities between institutions in the global North and the global South, especially countries in the Middle East and North Africa (MENA).

The Times Higher Education Sustainability Impact Rankings assess universities against the United Nations’ Sustainable Development Goals (SDGs), considering factors like research, outreach, stewardship, and teaching on sustainability. Similarly, the UI GreenMetric World University Ranking, initiated by Universitas Indonesia, evaluates universities based on their infrastructure, energy and climate change policies, waste management, water usage, transportation, and education on sustainability. The QS Sustainability Ranking also aligns with this trend, focusing on environmental and social sustainability, as well as governance indicators.

These rankings serve multiple purposes: they incentivise HEIs to improve their sustainability practices, provide benchmarks for comparison, and guide prospective students in their university selection. However, the effectiveness of these rankings is under scrutiny, especially when considering the diverse contexts of global HEIs.

Contextual Disparities Between The Global North And South

The global North, typically comprising wealthier countries with more developed infrastructure and resources, often has a distinct advantage in sustainability rankings. These institutions can invest heavily in green technologies, sustainable infrastructure, and extensive research programmes dedicated to sustainability. For example, universities like the University of California, Berkeley, the University of Oxford, and the University of Manchester are regularly featured prominently in these rankings due to their comprehensive sustainability initiatives and substantial research outputs.

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In contrast, universities in the MENA region of the global South face a different set of challenges. These institutions operate within economies that are often resource-constrained, with limited access to the latest green technologies and sustainability solutions. Additionally, political instability, economic challenges, and social disparities further complicate their pursuit of sustainability. For instance, while the American University of Beirut (AUB) in Lebanon has made significant strides in sustainability, it operates within a context of economic uncertainty and infrastructural constraints, which are not adequately accounted for in the current ranking methodologies. In Jordan, the Princess Sumaya University for Technology (PSUT) has also made substantial advances towards sustainability, from utilising solar panels, working towards reducing its carbon footprint, to integrating sustainability within the life of the university. However, these efforts were also not adequately accounted for sustainability ranking methodologies.

Examples Of Overlooked Contextual Differences

Resource Allocation

HEIs in the global South often have to prioritise basic educational needs and infrastructural stability over cutting-edge sustainability initiatives, due to financial constraints. For example, universities in countries such as Jordan, Egypt, and Morocco are deeply engaged in efforts to enhance their educational offerings and campus facilities amidst financial and economic constraints. This discrepancy is not sufficiently recognised in the existing ranking frameworks.

Cultural And Social Norms

The adoption of sustainability practices is deeply influenced by local cultural and social norms. For example, water conservation practices essential in arid to semi-arid regions like the Middle East may not be as pertinent in the water-abundant landscapes of Northern Europe. Furthermore, the approach to diversity, including issues surrounding gender identity, sexual orientation, and sexual and gender healthcare, varies significantly across global contexts, influenced by local cultural and religious norms. Thus, current rankings do not fully accommodate these regional sustainability priorities.

Technological Access

The availability and adoption of green technologies are uneven across the globe. Universities in developed countries often have better access to renewable-energy technologies, green buildings, and sustainable waste management systems, giving them an inherent advantage in the rankings.

Economic Stability

Economic instability in many MENA countries affects universities’ ability to invest in long-term sustainability projects. The rankings tend to overlook the impact of economic fluctuations on sustainability initiatives.

Political Climate

The political environment can significantly influence an institution’s capacity to implement and maintain sustainability initiatives. Political instability in parts of the MENA region due to war occurring in neighbouring countries poses challenges that are not encountered by universities in more politically stable regions.

Towards a More Inclusive Framework

To address these disparities, it is imperative to develop a more nuanced and inclusive ranking framework that considers the contextual realities of HEIs across the globe. This could involve:

Customised Indicators

Additionally, political instability, economic challenges, and social disparities further complicate their pursuit of sustainability.

Introducing region-specific indicators that reflect the unique challenges and priorities of HEIs in different parts of the world, including those in the MENA region. For example, considering the arid and semi-arid climates prevalent in many countries in the region, an important region-specific indicator could be the efficiency of water usage and the implementation of water conservation technologies, integration of traditional knowledge and practices, and education and training for refugees, women, and girls.

Weighting Mechanism

Implementing a weighting system that accounts for the varying degrees of difficulty faced by institutions in implementing sustainability initiatives, based on their socioeconomic, environmental, and political contexts.

Collaborative Benchmarks

Encouraging collaboration between universities to share best practices and resources, thereby levelling the playing field for institutions with fewer resources.

Holistic Assessment

Expanding the assessment criteria to include qualitative measures of sustainability efforts, such as community engagement, policy advocacy, and the integration of sustainability into curricula, which may not require substantial financial investment.

Conclusion

While international sustainability rankings have played a crucial role in promoting sustainable development within higher education, it is clear that they must evolve to more accurately reflect the diverse contexts of higher education institutions.

About the Authors

sammourDr George Sammour is an associate professor of Business Informatics at the Princess Sumaya University for Technology (PSUT), Jordan. He has published more than 50 research articles in international peer-reviewed journals and meetings. He is a member of the AACSB advisory council for the MENA region. Currently, Dr Sammour is the Dean of the King Talal School of Business Technology at PSUT.

haddidDr Ola Al Haddid obtained a PhD from Sheffield University, in the UK. She teaches Logistical Management, Supply Chain Management, and Management Communication Skill, among others. Her research interests are sustainable development, natural resource management, and organisational operations and practices, particularly water resource management.

Why Europe Shouldn’t Treat Protectionism as a Panacea

By Zhenglin (Alex) Li

In a bid to protect domestic car manufacturers, the EU is considering imposing extra tariffs on imported Chinese cars. Is this the right response? How about allowing some competition to encourage innovation?

The recent decade seems to be the least enjoyable time for European car producers. While the economic community is experiencing serious supply-side and cost-of-living crises, car production of old European brands has moved to a comparatively inferior position, especially in terms of Chinese companies. Not only does the latter have a price advantage of being 28% lower than European-made vehicles, but also has contributed more to innovations like electric vehicle (EV) development. A lot of politicians and economists are arguing that it is necessary to protect domestic car producers, to keep their competitiveness and employment of manufacturing workers. Nonetheless, protectionist policies such as a tariff on imported Chinese cars should never be considered as a panacea. Instead, a more practical solution is to treat foreign competitors as “catfishes” which encourages the “sardines” of domestic producers to run faster.

A Costly Agenda

Although domestic producers will benefit from the higher price resulting from the tariff, consumers will need to pay more compared to current costs. Because of the importance of transport vehicles to consumers and their position as a necessity, everyone, despite their financial background or lifestyles, would be negatively affected by the additional cost of buying a car. Although it seems that economic nationalism is encouraging to people who tend to be patriotic, its drawback is shared by the whole economy. According to economic theory, at least in the short run, the economic loss of the EU would be greater than its economic gain.

A more practical solution is to treat foreign competitors as “catfishes” which encourages the “sardines” of domestic producers to run faster.

Furthermore, although employment is increased by a greater scale of domestic output, it has a regressively re-distributive effect on the economy. The newly-employed workers are largely those with better educational backgrounds and skills, so their income is usually greater than other employees. This leaves the poorest members and consumers in the economy in a worsening situation as the price has been driven up, and they are no longer able to buy a car. To sum up, the tariff transfers the wealth of the poor to the middle class and businesspeople which would make equality in the economy worse off.

Despite people’s utility being worsened, it would also lead to a greater market failure. Since most Chinese imported cars are electric, if a tariff is introduced that raises the price for EVs, people will start to purchase petrol cars as a substitute to replace its highly-priced competitor. Consequently, the carbon emissions from petrol cars could immediately result in environmental damage and enhanced global warming. Besides, considering the tariff on carbon resources, the price of petrol cars is increasing rapidly. This would force the EU to either bear the costs of inflation and the rising cost of living due to the rising prices of both types of cars or reduce carbon regulations and take the risk of greater external costs and market failure.

Lastly, it should be noticed that the European car market is an oligopoly market controlled by a few manufacturers who are earning much higher than normal profits. With protection that limits international competition, oligarchies are less likely to invest in new technology. Instead, they can rely on the protections which give the power of control back to their hands and there is less risk that they will lose profits due to little development.

And a Useless Agenda

Some people have argued that because the electric car market is an infant industry with high growth potential in the future, the EU should take any attempts to provide a good innovative environment for the entrepreneurs. While it has been proven in South Korea through Park Chung-hee’s Heavy-Chemical Industry (HCI) programme which gave Koreans an obvious advantage in the industry, it should be noted that previous successful cases generally rely on two conditions: low cost of labour and enterprises’ investments in innovation.

Since most Chinese imported cars are electric, if a tariff is introduced that raises the price for EVs, people will start to purchase petrol cars as a substitute to replace its highly-priced competitor. Consequently, the carbon emissions from petrol cars could immediately result in environmental damage and enhanced global warming.

However, this is not typically suitable for the European Common Market. Firstly, as we have mentioned, it could result in firms’ reliance on government protections. This is found in the European agricultural market, where protections like tariffs to other economies have reduced the productivity of farmers. Because they are the only choice of European consumers, there is little motivation to invest in new technology and management systems of farms. Unfortunately, it seems to be true for car producers as well. European car manufacturers have a relatively low investment rate in technological advancement. There is no reason to believe that they will return to “good developers” just because the government has cared for them as newly-born babies while they are old hands.

Moreover, the growth potential of European car producers should also be questioned. Due to the strong trade union power in Europe and the high cost of labour, it should be questioned whether the companies would still have the money for innovation after receiving the protections. If they are forced to pay much higher to their workers, which enhances its disadvantage compared to Chinese producers, the current situation will hardly be altered. On the other hand, if it chooses cheap labour and de-industrialise its domestic industries, it would be unrestrained gambling for the EU to do so as neither the consumers nor workers will benefit from it. Hence, even if it can be more efficient in the future, can Europeans be beneficiaries of this de facto non-European companies’ growth?

sustainability

On the contrary, what free trade and international competition can contribute to growth is that it forces European producers to invest in innovations to cope with changes in the world market. If these companies have seen an obvious loss in profits due to the development of Chinese EVs, unless they are Stoics, they will immediately promote their technologies to keep their positions as world-leading companies. Furthermore, this can also encourage international cooperation between Chinese and European firms. If the former can benefit from the experiences of the latter, the Catfish Effect on European car producers would be successful because they are indeed encouraged.

Conclusion

Protectionism has a long history since the discovery of economics. However, its agendas are usually controlled by large firms that aim to benefit from the lack of international competition. Europe should be enthusiastic about competition: it still has great growth potential, and the key issue is to find an effective strategy for growth. In a world with exaggerated “Communist China has beaten capitalism in a market economy,” Europe should be open to new challenges and take advantage of this global ordeal. It has to grow, in the way of encouragement instead of protection.

About the Author

Zhenglin (Alex) LiZhenglin (Alex) Li is an independent researcher based in China. His research area focuses on the financial market, pension reforms, the Chinese economy, and international citizenship. He was one of the delegates of China in the United Nations Youth Training Program in 2023.

Who Offers Bridge Loans: Navigating Your Financing Options

Navigating the world of financing can be complex. This is especially true when you need a temporary loan to cover the gap between buying a new property and selling your existing one.

Enter bridge loans — a financial tool designed to provide short-term funding during such transitions. In this article, we’ll explore who offers bridge loans and how to choose the right temporary loan lender for your property endeavors.

So, read on!

Traditional Banks

Bridge loans are short-term loans, typically for a period of six months to one year. These loans are offered by traditional banks and other financial institutions as a way to help you bridge the gap between buying a new property and selling your existing one.

Traditional banks often have strict requirements for loan approval. This includes high credit scores and steady income. They may also require collateral to secure the loan. This includes real estate or other assets.

Additionally, traditional banks may take longer to process your loan application and disburse the funds.

Credit Unions

Credit unions are another potential source of bridge loans. These financial institutions offer similar services to traditional banks. But, they have a focus on serving their members rather than making a profit.

Credit unions may have more flexible requirements for loan approval compared to traditional banks. They may also offer lower interest rates and fees for bridge loans. This makes them a more affordable option for borrowers.

These loan institutions may also offer more personalized and attentive service to their members.

Mortgage Brokers

Mortgage brokers are intermediaries who connect borrowers with potential lenders. They can help you find a variety of loan options. This includes bridge loans.

Working with a mortgage broker can be beneficial as they have access to a wide range of lenders and can help you compare:

  • interest rates
  • fees
  • terms

These temporary loan lenders may also have less stringent requirements for loan approval, making them a viable option for borrowers with lower credit scores or irregular income.

Online Lenders

In recent years, online lenders have become a popular choice for borrowers in need of bridge loans. These best bridge loan lenders offer a quick and convenient application process, often with minimal documentation required.

Online lenders may also have more lenient requirements for loan approval compared to traditional banks. However, they may charge higher interest rates and fees due to the risk involved in short-term lending.

Private Lenders

Private lenders, also known as hard money lenders, are individuals or companies that offer bridge loans to borrowers. These loans are typically secured by real estate and have higher interest rates and fees compared to traditional lenders.

Private lenders may be a viable option for borrowers who cannot qualify for a bridge loan from traditional institutions due to their credit score or financial history. However, it’s important to thoroughly research and verify the legitimacy of a private lender before entering into any loan agreement.

Discover Who Offers Bridge Loans

Bridge loans can be a helpful tool for individuals in need of short-term financing during property transitions. It’s important to carefully consider your options and compare interest rates, fees, and terms before making a decision.

By understanding who offers bridge loans and how to choose the right lender, you can confidently navigate the world of financing and achieve your property goals. So, when you find yourself in need of a temporary loan, remember to explore all your options and make an informed decision that best suits your financial needs and capabilities.

If you want to read more topics, visit our blog. We do have more!

Invokana vs Farxiga: Which Medication Is More Effective for Managing Type 2 Diabetes?

Managing type 2 diabetes effectively often involves finding the right medication to help control blood glucose levels. Two popular options are Invokana and Farxiga.

But which one is more effective? In this article, we’ll compare Invokana vs Farxiga to understand their benefits, risks, and patient reviews clearly.

So, take a moment to read on and discover which of these medications may be a better option for you.

Mechanism of Action

Invokana and Farxiga belong to a class of medications known as sodium-glucose cotransporter 2 (SGLT2) inhibitors. They work by blocking the reabsorption of glucose in the kidneys, which can lead to increased glucose excretion in urine.

This mechanism helps to lower blood sugar levels and prevent hyperglycemia, a common symptom of type 2 diabetes. It also promotes weight loss as excess glucose is eliminated from the body.

When it comes to glucose control, both medications are equally effective. However, some differences between the two may influence a patient’s decision.

Effectiveness

When it comes to effectiveness, both Invokana and Farxiga are effective in improving glycemic control in patients with type 2 diabetes. These medications can reduce fasting blood glucose levels by around 30 mg/dL and HbA1c levels by 0.5-0.7%.

However, Invokana may be more effective in reducing HbA1c levels compared to Farxiga. This can be attributed to the fact that Invokana has a higher potency and longer duration of action. This means that it stays in the body for a longer period.

Cardiovascular Benefits

One of the major concerns for people with type 2 diabetes is the increased risk of cardiovascular diseases. This is where Invokana stands out. This is because it has been shown to have significant cardiovascular benefits.

In a large clinical trial, Invokana was found to reduce the risk of major adverse cardiovascular events (MACE) by 14%, compared to a placebo. It also showed a 38% reduction in the risk of cardiovascular death and a 39% reduction in the risk of hospitalization for heart failure.

On the other hand, Farxiga has not been shown to have significant cardiovascular benefits. However, it is still considered safe and effective for managing type 2 diabetes.

Weight Loss Potential

As mentioned earlier, both Invokana and Farxiga can promote weight loss due to their mechanisms of action. However, conflicting findings have been made on which one is more effective.

Farxiga may lead to greater weight loss compared to Invokana. However, some say there are no significant differences between the two medications.

Ultimately, the amount of weight loss may vary from person to person and depend on other factors such as diet and exercise. With diabetes management, focusing on overall health is important rather than just weight loss.

Safety Profile

Both Invokana and Farxiga have similar safety profiles, with the most common side effects being urinary tract infections and genital infections. However, there are some differences in the potential risks associated with each medication.

Invokana has been linked to an increased risk of lower limb amputation. Farxiga has been associated with an increased risk of bone fractures. It is important to discuss any potential risks with your doctor before starting either of these medications.

Renal Function

People with type 2 diabetes are at a higher risk of developing kidney disease. Therefore, it is important to consider the impact of these medications on renal function.

Invokana and Farxiga can improve renal outcomes in people with type 2 diabetes. However, Invokana is more effective in reducing the progression of chronic kidney disease.

Contraindications and Precautions

Both Invokana and Farxiga have similar contraindications and precautions. They are not recommended for use in pregnant or breastfeeding women.

They should also be used with caution in patients with a history of kidney disease. This goes the same for those taking certain medications that may interact with them.

It is important to discuss any potential contraindications or precautions with your doctor before starting treatment with either of these medications. This will help ensure the safety and effectiveness of your treatment plan.

Drug Interactions

Both Invokana and Farxiga can interact with certain medications. They can potentially lead to adverse effects or reduced effectiveness. It is important to inform your doctor about any other medications you are taking, including over-the-counter drugs and supplements.

Some common medications that may interact with Invokana and Farxiga include:

  • diuretics
  • blood pressure medications
  • insulin

Your doctor may need to adjust your dosage or monitor you closely for any potential interactions.

Cost and Insurance Coverage

One important consideration when choosing between Invokana and Farxiga may be the cost and insurance coverage. Both medications can be expensive, with Farxiga generally being slightly more affordable.

However, the actual cost may vary depending on your insurance coverage and any available financial assistance programs. It is worth discussing this with your doctor or pharmacist to find the most affordable option.

And if you are looking for an affordable Farxiga cost or Invokana cost, there are always online pharmacy options that may offer discounted prices or manufacturer coupons. This can help make these medications more accessible for those struggling with the cost.

Patient Preferences and Lifestyle Factors

When deciding between Invokana and Farxiga, it is important to consider your preferences and lifestyle factors. For example, if you have a fear of needles, you may prefer taking Farxiga as it is available in pill form.

You should also consider any other health conditions or medications you manage. Your doctor can help you weigh the pros and cons of each medication and make an informed decision based on your individual needs.

Moreover, it’s important to remember that these medications are not a substitute for healthy lifestyle choices. Take note that the following are crucial:

  • eating a balanced diet
  • exercising regularly
  • managing stress

All these help in managing type 2 diabetes effectively.

Weigh Before Choosing Between Invokana vs Farxiga

Both Invokana and Farxiga are effective medications for managing type 2 diabetes. However, there are certain differences between Invokana vs Farxiga too.

When choosing between these two options, discussing with your doctor and considering certain factors is important. Your doctor can help you make an informed decision based on your individual needs to effectively manage your type 2 diabetes.

If you want to read more, visit our blog page. We do have more!

How Important Is Comoros Forex License For Business?

The Forex currency market annually attracts more and more traders from all over the world because it offers opportunities for earning even in times of crisis. For legal brokerage activity in this market, you need to have a special Comoros Forex license from the local financial regulator, such as SBSB Fintech Lawyers, who have more than a decade of experience. Obtaining it is extremely important for any company or individual trader for several reasons. This is more than just an official confirmation of the legality of the activity. It demonstrates compliance with regulatory requirements and employs qualified personnel. The presence of a license indicates compliance with security standards, transparency of work, and implementation of anti-money laundering measures.

Make Your Business More Reliable With a Comoros Forex License

A Comoros Forex license promotes the growth of trust on the part of clients and partners. It proves the reliability of the company because licensed traders carefully take care of the reputation and avoid any risky or questionable operations, such as market manipulation or dishonest trading. Clients can be confident in the safety of their assets and the protection of confidential information.

Among the important advantages is unimpeded access to banking services. Many financial institutions require a license from forex brokers to open a corporate account. Having it also opens up wider opportunities for Comoros businesses to scale and enter international markets.

Such traders demonstrate a high level of risk management because they are well aware of the importance of reputation and transparency. To protect investors’ funds, they apply numerous security measures, including:

  • segregating client funds;
  • placing them in reliable banks;
  • complying with capital adequacy requirements;
  • offering deposit insurance services;
  • cooperating with compensation funds.

Obtaining a Comoros Forex license is quite a complex and lengthy process due to various regulatory requirements regarding companies, personnel, capital, policies, and procedures. Mandatory steps include registration of a legal entity, preparation of a package of documents, and creation of internal and external anti-money laundering policies, and rules for clients.

Getting Help From Professionals

Due to the complexity of the licensing procedure and numerous legal nuances, companies are advised to seek help from experienced lawyers. SBSB Fintech Lawyers is a team of specialists who have been helping clients obtain Comoros Forex licenses in different parts of the world for more than 11 years.

SBSB experts know the specifics of the foreign exchange market in Comoros and the requirements of local regulators, which allows obtaining a license in the shortest possible time. They individually approach each project, taking into account its business model, scale, target market, and budget.

Access To Premium iGaming Experience With ATAS Login

Accessing the premium iGaming has never been easier with the ATAS Login. As a leading platform in the online casino industry, ATAS provides an easy means of enjoying a variety of gaming experiences. You may be drawn to the thrill of ATAS Slots or the immersive atmosphere of the ATAS Live Casino. Completing an ATAS login process ensures that you have everything at your fingertips.

ATAS Online Casino provides several features for players across the far reaches of the globe. However, the site maintains a strong presence in Malaysia. Through the ATAS Web and ATAS download options, players can conveniently access their favorite games from any device. ATAS prioritizes the need for a secure and enjoyable gaming environment.

Besides this, ATAS promotes responsible gaming practices, which is backed by certifications from iTech Labs and regulatory bodies like PACGOR. The use of iovation technology further boost security features that are already effective. This protects casino players from fraud and ensuring fair play.

The ATAS Login process is straightforward, and is designed with user convenience in mind. For added security, ATAS Login is characterized by two-factor authentication, including QR code verification. This makes it easy for players to safeguard their accounts. Join the numerous satisfied players on ATAS and elevate your gaming experience with ATAS Online. After all, quality, security, and entertainment are the features of this gaming platform.

How the ATAS Login Process Works

Logging into ATAS Casino is a straightforward process that ensures you have access to a premium iGaming experiences. Follow these steps to complete your ATAS Login and start enjoying the various features of ATAS Online Casino

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Completing the ATAS Login process is designed to be a stress-free experience. If you are accessing the platform via the ATAS official website or the ATAS app, the ATAS Login process ensures that you can quickly and securely start enjoying the exciting world of ATAS Online Casino.

Importance of Two-factor Authentication for ATAS Login

Two-factor authentication (2FA) is essential in securing your ATAS Login. By requiring both your password and a secondary verification method, 2FA significantly boosts account security. This additional layer protects against unauthorized access, and ensures that only you can log into your ATAS Casino account.

Given the valuable personal and financial information stored in your ATAS Online Casino profile, making use of two-factor authentication is a vital step. It safeguards your gaming experience, and allows you to enjoy ATAS Slots and other casino games, knowing that your account is well-protected.

Games to Play After Completing ATAS Login

After completing your ATAS Login, a world of exciting games awaits at ATAS Casino. Dive into the diverse selection of ATAS Slot games, where you can enjoy thrilling themes and generous payouts. ATAS Online Casino also offers an array of classic table games, including blackjack, roulette, and poker, catering to all skill levels. Some popular ATAS Slot titles are listed as follows:

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After you have completed your ATAS Login process, you can access a variety of games, including ATAS Slot games, live casino options, and more. For new users, ensure you complete the registration process first to create your ATAS account.

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iovation Technology helps to prevent fraud and ensures safe online gambling. The presence of numerous secure payment methods include options like Eezie Pay, Help2Pay, e-wallets, Touch ‘n Go, and bank transfers. These features ensure that your personal and financial information is protected.

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What You Can Learn From Your Spending Patterns

Understanding how we spend our money can reveal valuable insights into our financial habits and help us make more informed decisions about our finances. While it may seem challenging to track spending, especially with fluctuating incomes and expenses, like debt relief programs, it’s a powerful tool for gaining control over our finances. In this article, we’ll explore how tracking your spending patterns can provide valuable lessons and empower you to achieve greater financial stability.

The Rollercoaster of Expenses

For many of us, managing expenses can feel like riding a rollercoaster—we experience highs and lows as our financial obligations fluctuate. From monthly bills and groceries to unexpected expenses, it’s easy to lose track of where our money is going. This is where debt relief programs can offer assistance by providing strategies to manage debt and regain financial control.

Why Tracking Spending Matters

Tracking your spending is like shining a light on your financial habits—it illuminates where your money is going and highlights areas where you may be overspending or undersaving. By keeping a close eye on your spending patterns, you can identify trends, set realistic budgets, and make adjustments to achieve your financial goals.

Gaining Insights Into Your Financial Behavior

Analyzing your spending patterns can reveal valuable insights into your financial behavior. For example, you may discover that you spend more on dining out than you realized or that certain recurring expenses are higher than expected. Understanding these patterns allows you to make conscious decisions about where to allocate your resources and identify areas where you can cut back or prioritize spending.

Creating a Budget That Works for You

Armed with insights from tracking your spending, you can create a budget that aligns with your financial goals and priorities. A budget serves as a roadmap for your financial journey, helping you allocate funds for essentials like housing, utilities, and groceries while setting aside money for savings and debt repayment. Debt relief programs can provide guidance on budgeting strategies tailored to your unique financial situation.

Tools for Tracking Spending

Fortunately, tracking your spending doesn’t have to be a complicated or time-consuming process. There are numerous tools and apps available that make it easy to monitor your expenses, from smartphone apps to spreadsheet templates. Choose a method that works best for you and commit to tracking your spending regularly to gain a clear understanding of your financial habits.

Taking Control of Your Financial Future

Ultimately, tracking your spending is about taking control of your financial future. By understanding where your money is going and making informed decisions about your spending habits, you can work towards achieving greater financial stability and peace of mind. Debt relief programs can offer additional support and resources to help you along your journey to financial well-being.

Conclusion: Embracing Financial Awareness

In conclusion, tracking your spending patterns is a powerful tool for gaining insight into your financial habits and making informed decisions about your money. By staying vigilant and proactive about monitoring your expenses, you can take control of your finances and work towards achieving your long-term financial goals. Remember, it’s never too late to start tracking your spending and taking steps towards a brighter financial future.

How Human Rights Pervades ESG  

By Tim Bovy and Ian Hodges

A criticism of Environmental, Social, and Governance (ESG) over the years has been that it is so broad as to be meaningless. We would argue that, on the contrary, it needs its breadth to capture the interlinking qualities of ESG, which is more like a Venn diagram than a set of neatly contained boxes. Human rights provide a good example. Although, as the UN’s Principles for Responsible Investing points out, human rights “are the foundation of the ‘social’ pillar within the term ‘ESG’”, they also pertain to the environmental issue of climate change, since climate change has a “significant impact on human rights.” Chatham House has observed, “It is now widely accepted that the climate crisis is also a human rights crisis, perhaps the most consequential of all time.” The Global Reporting Initiative (GRI) also takes a broad view: “Human rights impacts are hugely important as they form the basis for wider reporting across the entire ESG spectrum.”This pervasiveness of human rights requires a thorough analysis in defining ESG strategy and in developing a comprehensive learning programme.   

In preparation, some questions an organisation might ask itself include: How robust are the organisation’s due diligence processes necessary to detect human rights abuses in the company’s own workforce, in its value chain, both upstream and downstream, and in the communities in which it operates? How comprehensive are its policies and procedures for applying the UN’s Ruggie principles to protect and respect human rights and to provide a remedy when abuses are uncovered? How well trained are employees in understanding the core elements of human rights within the ESG framework? 

In defining and communicating strategy, human rights presents a particular challenge to businesses because it is a more abstract concept that requires a clear definition in order to manage its risks, opportunities, and impacts. Both the European Union and GRI  have helped in this regard by incorporating the UN’s Guiding Principles on Business and Human Rights (UNGP) and the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct into their ESG reporting frameworks. A starting point for organisations should be mastering their content, both for formulating strategy and for preparing robust human rights due diligence guidelines.  The UN’s document itself says: “These Guiding Principles should be understood as a coherent whole and should be read, individually and collectively, in terms of their objective of enhancing standards and practices with regard to business and human rights so as to achieve tangible results for affected individuals and communities, and thereby also contributing to a socially sustainable globalization.” 

The UNGP, in turn, incorporates the International Bill of Human Rights and the principles concerning fundamental rights set out in the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work. So, these too should be thoroughly understood in analysing the many ways that human rights affects strategy. As GRI has noted, the UNGP “have become an authoritative global reference point. As a result, companies now have a better understanding of their responsibilities, which they can consequently incorporate into reporting.” For GRI, the reporting is voluntary. For the EU’s Corporate Sustainability Reporting Directive it is mandatory, meaning that the 1,183 UK companies to which the European Sustainability Reporting Standards apply must file reports in 2025 for their 2024 financial year.  

Effective reporting, of course, requires a knowledgeable workforce, which is responsible for contributing reliable non-financial information to the reporting process. To achieve this necessitates developing a company-wide learning programme based upon the documents noted above, as well as upon the organisation’s unique ESG human rights obligations, defined through its own internal human rights due diligence exercise. The programme would also need to be monitored to stay up to date with changes in human rights laws and regulations, as an integral part of the organisation’s continuous improvement policy. 

All of this requires a commitment to accurate, comprehensive and transparent reporting that will inevitably add costs to business, particularly in the early stages of constructing robust reporting frameworks. There is no doubt that many enterprises are concerned by rising costs. Richard Sterneberg, head of global government relations at DLA Piper, has been quoted as saying compliance costs are high and that legislation is having an impact on investment flows into Europe.

However, as with the General Data Protection Regulation (GDPR), both the exterritoriality of the new EU regulations and the likelihood of them influencing similar legislation across the world cannot be ignored. This has recently been described by Financial Times columnist Gillian Tett as “an oft-ignored point about our 21st-century world: as big companies increasingly straddle borders, globalisation is not always synonymous with a ‘race to the bottom’ and a loosening of rules.” Instead it can often be and, in the case of ESG-regulation, has become “a ‘squeeze to the top’. As reforms are unleashed in one jurisdiction, they are spreading to other regions in surprising ways”, she writes. The United States Congress has recently identified breaches of the 2021 Uyghur Forced Labour Prevention Act from car makers BMW, Jaguar Land Rover and Volkswagen. Costly errors that may point to weaknesses in internal reporting. 

These developments allied with increased public concern over the slow and faltering steps made so far in addressing climate change and its impact on societies globally should make reluctant companies think again. There are significant commercial advantages to compliance with the potential to offset many of the costs. Companies can demonstrate their commitment to good practice both in highlighting examples of it and in demonstrating progress towards it in areas of weakness. They could also divest of suppliers not meeting appropriate human rights conditions if they have the reporting in place to demonstrate breaches of either contractual or legal obligations.  And, through these and similar actions, they can strengthen their brand. 

Climate change and human rights are inextricably linked. It is impossible to control the former without incorporating the latter into an organisation’s ESG strategy and learning. Being cynical about the relevance of ESG risks commercial sustainability.  To return to Gillian Tett’s observation above, reforms unleashed in one jurisdiction are spreading to other regions in surprising ways. Think of this process as a vast body of water, which is continuously adding tributaries until it covers the entire globe, resulting in remedies to human rights abuses whose outcomes steadily erode the impact of climate change. An organisation can either tap into this process, making meaningful contributions to it and benefiting from it commercially, or it can remain on the outside, looking in from the wrong side of history.

About the Authors

Tim Bovy

Tim Bovy has over 35 years of experience in designing and implementing various types of information and risk management systems for major law firms such as Clifford Chance; and for international accountancy firms such as Deloitte. He has also developed solutions for organisations such as BT, Imperial Tobacco, Rio Tinto, the Kuwaiti government, The Royal Household, and the US House of Representatives. Tim is an elected member of The Royal Institute of International Affairs, Chatham House, an Independent Think Tank based in Central London, and holds a BA degree, magna cum laude, from the University of Notre Dame, and MA and C.Phil degrees from the University of California, Davis. 

Ian Hodges

Ian Hodges has worked in a variety of information management roles over a twenty-year career. He has designed and implemented records and information management systems at a national scale, developing parts of the digital archive at The National Archives (UK). At a corporate level he’s undertaken information management projects with The Royal Household and Her Majesty’s Treasury. Ian also has information rights expertise developing policies and procedures for Freedom of Information and Data Protection compliance and working as a Data Protection Officer. In addition to CISM, CIPP/E and CIPM certifications, Ian holds a BA degree from the University of Southern Queensland, a postgraduate diploma from Deakin University, Melbourne and an MA from Birkbeck, University of London. 

Harnessing Microinsurance to Close the Protection Gap: A Call to Action for Global Resilience

By Lorenzo Chan

The need to enhance resilience within vulnerable communities has never been more urgent, especially in the face of heightened risks posed by climate change and natural disasters. The Microinsurance Network (MiN), in partnership with the United Nations Development Programme’s Insurance and Risk Finance Facility (UNDP IRFF), has conducted the latest Landscape of Microinsurance study, which highlights both the progress made and the gaps that still need to be bridged to protect these communities and break the poverty cycle.  

The 2023 Landscape of Microinsurance, based on extensive primary research, paints a picture of progress but also the reality of a significant protection gap still affecting millions. While the microinsurance market across 36 countries is valued at USD 41.4 billion, only 15% of this market is utilised, leaving the majority of potential beneficiaries without insurance coverage.  

In 2022, microinsurance reached 330 million individuals, marking a notable uptick in coverage. 11.5% of the target population has some protection. This increase is substantial from 2019 when only a third of this number had some protection.  However, close to 90% remain without cover – indicating a significant opportunity and responsibility to close the protection gap. 

As the report reveals, the resilience-building impact of microinsurance goes beyond mere statistics; it is a lifeline for marginalised communities, informal workers, and those on the brink of poverty.

A key challenge for insurance providers is how to provide access to the market effectively. Interviews with experts revealed access remains a bottleneck for microinsurance development.  Microfinance institutions have emerged as the primary distribution channel globally, followed by other financial institutions, agents, and brokers. This trend underscores their role in distribution and the necessity of physical networks in promoting uptake. Several factors contribute to this: face-to-face interaction builds trust among individuals, and these networks also have an interest to optimize their customer base by integrating insurance into their core offerings. Experts interviewed emphasized the importance of aligning incentives with a broader range of alternative distribution channels to enhance reach and efficiency truly. 

The recent study further provides several encouraging examples of progress that have been made.    

Rio Uruguay Seguros (RUS), Argentina  

Río Uruguay Seguros (RUS), an insurance company in Argentina, actively promotes gender inclusion in the insurance sector. Collaborating with other insurance firms and regulatory bodies, they’ve introduced a “superadores” insurance package tailored for women entrepreneurs. This package includes home insurance covering valuable assets like computers, mobile phones, and household assistance services.   

RUS has also developed health insurance packages specifically for women and transgender individuals, based on focus groups to understand their unique challenges. Additionally, RUS promotes employment inclusion by offering scholarships for transgender individuals to become insurance advisors within the company. This comprehensive approach reflects RUS’s commitment to fostering inclusivity and providing tailored insurance solutions to underrepresented groups. 

Seguros Bolivar, Colombia 

In 2018, Seguros Bolivar launched “Tranquilidad Pymes,” a flexible insurance product tailored to Colombia’s small and medium-sized enterprises (MSMEs). This multi-risk product provides coverage for damage to assets, loss of profit, theft, and damage to third parties. Developed with insights from MSMEs, the product features a simplified contract that eliminates depreciation of insured assets, a single deductible for all coverages, and profit loss coverage equivalent to 5% of the sum insured.   

The company digitized the sales process for quick consultations and product packages and streamlined claims resolution with an “extra easy indemnity” hotline. Adaptations prompted by the COVID-19 pandemic include coverage for off-premises equipment and movement of goods without collateral requirements. 

Agriculture and Climate Risk Enterprise (ACRE Africa) 

Founded in 2014, ACRE Africa serves smallholder farmers across Africa, covering 300,000 farmers by 2022. ACRE Africa leverages technological innovations, including index insurance, AI, and blockchain, to reduce insurance costs. 

This technology-driven approach has led to significant cost reductions (30-60% compared to alternatives) and increased access to loans for smallholder farmers, thanks to ACRE’s remote monitoring services and rich agricultural data.  

These examples – and many others featured in the Landscape of Microinsurance Study – demonstrate that microinsurance is more than just a financial instrument; it catalyzes social and economic stability, offering a pathway out of poverty. As we confront the threats of climate change and food insecurity, the need to provide access to comprehensive risk management tools can neither be ignored nor delayed any longer.   

With nearly 90% of people in low-income countries lacking access to insurance, the global insurance industry must respond swiftly and decisively. Insurers, regulators, and policymakers must work together to democratize access to microinsurance. Continuous focus and effort must be put into defining, guiding and enabling microinsurance. In Latin America, for example, efforts led by the Interamerican Federation of Insurance Companies (FIDES) to guide industry stakeholders in creating more precise and unified definitions of inclusive insurance are crucial.  

Promoting microinsurance forms part of a broader mandate to develop insurance markets,  enable innovation and close the protection gap. Alongside climate concerns, gender inclusion is gaining attention, with supervisors collaborating with the A2ii to collect sex-disaggregated data.   

In Argentina, the national insurance superintendency, Superintendencia de Seguros de la Nación (SSN), conducted the first Gender Equity Survey of the insurance market in 2022.  The survey was done in partnership with the A2ii and the Ministry of Women, Gender and Diversity. The results are being used to design initiatives for women’s inclusion.   

Several efforts towards financial inclusion have gained traction and must continue if the stakeholders truly wish to move the protection needle decisively and meaningfully. Key pathways to progress include expanding the reach of existing offerings, fostering innovation in product design and distribution, leveraging technology, forging public-private partnerships, and working closely with regulators.   

In closing, may the salient findings of the most recent Landscape study be a reminder to insurers of the need for us to live up to the nobility of our industry – to help widows and orphans, to ensure the continuity of lives and livelihoods, to enable communities to restart and rebuild and resume after what will now be temporary setbacks (if they have insurance) after suffering losses – thereby contributing to closing the protection gap and ultimately the minimization, if not eradication of poverty.   

About the Author

Lorenzo Chan

Lorenzo Chan – Chair of the Board (2021-present) Board member (2017-present). President and CEO of Pioneer Inc. (holding company of the Pioneer Group, Philippines), Lorenzo is considered one of the champions of microinsurance in the country. He brings decades of industry experience to the Network, having continually championed insurance for the middle and low income markets through products and distribution channels beyond the traditional. 

The Best Leadership Practices for Building Strong Corporate Social Innovation Capability in the AI Age

By Luca Collina, Mostafa Sayyadi and Michael Provitera  

The article starts by looking at the roots of corporate social innovation, which come from ideas like corporate social responsibility and social innovation. It then shows how these ideas are connected but also different, clearly understanding what each one is and how corporate social innovation works. Finally, the best leadership practices for corporate social innovation capability in the AI age are presented.  

It is widely agreed that corporate social responsibility has been the fundamental aspect of defining companies’ commitments towards society, considering the support of business activities. [1] [2] The literature has also tried to determine what actions could be taken and link them between business results’ expectations and positive effects on social problems. Research from 2011, started introducing the innovation aspect in the forms i.e., service and green innovation. So as Chu et al. (2022) say, achieving success through innovation and considering the opportunities and connections with social and environmental needs. [3] Through social innovation and corporate social innovation, it internally clarifies (values and culture) and externalizes (reputation and corporate brand) the company’s commitment and values. There are four different perspectives from the company: 

  • The Functionalist Perspective  

This perspective produces programs, products, and services to align company interests with society’s needs. With the Shared Value Initiative, Michael Porter and Kramer (2006) tried to encourage companies to create offerings (products, prices) that could be affordable by society while creating a social benefit. [4] 

  • The Culturalist Perspective  

Culturalists understand that both companies and societies have cultures and that companies adapt their actions to their surroundings. Companies use this perspective to reflect their cultural relationships with the community in which they operate. 

  • The Sociopolitical Perspective 

The company and society are in a power relationship. Management, mediation, and action are the functions of corporate social responsibility. This power is also directed to maintain respect for the community and its components while showing commitment to helping social system characteristics be maintained. 

  • The Constructive Perspective 

It is the approach that the company shows that it is socially responsible and is the first step to gaining credibility. Activating corporate social responsibility for companies indicates that they can deal with societal issues and shows that they take responsibility. This activated perspective fosters the company’s reputation. 

As for the companies’ interests in pursuing social initiatives, the following points have been highlighted: 

  1. Economic and Financial Performance: corporate social responsibility should aim to increase profits.  
  2. Competitive Advantage: Generate an edge against rival firms by either benefitting the company itself or stopping others from gaining similar advantages. 
  3. Reputation: Aligning stakeholders’ interests with those of the company, improving its standing within society by adopting social causes as its priorities, and building up its image through engagement in society. 
  4. Cost and Risk Reduction: Companies reduce costs and mitigate risks through social actions designed to minimize operational expenses and address any potential threats associated with the production and distribution of goods or services. 
  5. Value Creation: the process of producing economic, social, environmental, and institutional benefits regardless of any driving force or motivations for doing so. 

The Boundaries of Social Innovation 

The growing relevance of social innovation comes from the progressive shift from a centralized point to local entities, which, with a progressive utilization of entrepreneurship and a market-focused approach, try to offer specific and tailored innovative solutions to particular issues evidencing both tangible and intangible low-resource availability. [5] [6] The research about social innovation has seen the growing interest of scholars since the 70s, and during the 90s was explicitly mentioned and received growing attention, with a changing focus, particularly in the management and business world. [7] [8] [9] 

Among the various definitions of social innovation, we need to consider why it emerged in the past decades: different public and private subjects have put it into their agendas; one concept is relevant: resolving diverse problems going through a deep societal transformation. [10] [11] We should also consider that authors have let emerge that many diverse concepts about social innovation require then a better understanding to connect social innovation with enterprise innovation. [12] Social innovation aims at providing innovative solutions that address societal problems and bring about social transformation through novel ideas such as solving society-related issues or encouraging inclusion, improving people’s well-being, or altering values, practices, or systems in society; however social innovation is considered different from those innovations with social elements. 

  • Diversity of Social Innovation in Addressing Issues 

An in-depth review of various social innovation case studies underscored the wide-ranging nature of social and environmental issues that social innovation can effectively address. These case studies span sectors and geographical boundaries, offering compelling evidence of social innovation’s vast scope and versatile nature. 

  • Key Aspects of Social Innovation 

Five critical aspects should underpin any comprehensive definition of social innovation. These include: 

  • addressing a social need,  
  • incorporating an innovative element,  
  • managing the implementation,  
  • inducing improvement  
  • fostering relationships and collaborations.  

This multi-dimensional approach offers a more holistic and meaningful interpretation of social innovation. 

  • SDGs and Social Innovation 

In an attempt to categorize the myriad forms of social innovation, we found the United Nations’ Sustainable Development Goals (SDGs) to be a practical classification framework. The versatility and global prominence of the SDGs lend them credibility as a classification system, supported by the fact that 89% of the scrutinized case studies could be associated with one or more SDGs. 

  • Actors in Social Innovation 

Through the case studies, the study dispels the common misconception that the realm of social innovation belongs exclusively to social entrepreneurs. It highlights that the development and implementation of social innovation can often be the result of efforts by a diverse spectrum of actors. This inclusive nature of social innovation helps expand its reach and potential impact by drawing from the insights and contributions of various stakeholders. 

  • Social Innovation and Unmet Needs of Society  

A company’s innovations meet social needs effectively and create new social relationships and collaborations are considered social innovation. It still appears that social innovation could be misunderstood and confused either with the evolution of corporate social responsibility or understood that a big idea could solve problems. [13] Another aspect of social innovation could be related to innovative companies that explicitly consider social innovation and sustainability, including economic, social, and environmental elements, even if a suggestion for better implementation and management is required. [14] Another characteristic of the links between firms and social innovation was found by Przychodzen (2018) when they investigated the factors that characterize the link: sector, where social innovation acts as a stimulus to innovate, and high net margins and ROE promote social innovation. [15] 

The Boundaries of Corporate Social Innovation 

Corporate social innovation has its own identity, distinguished from other forms of innovative social support.  

  • Social Entrepreneurship and Corporate Social Innovation 

Social entrepreneurship is a specific way to create social value by building an organization and business model to satisfy its mission, while corporate social innovation aims to generate both economic and social value. 

  • Organizational Innovation and Corporate Social Innovation 

Organizational innovation doesn’t include involving stakeholders and doesn’t aim to generate effective change in society 

  • Corporate Social Responsibility and Corporate Social Innovation 

These two definitions have a link that can be compared with vision and mission. The former represents a values declaration based on ethics overarching companies’ actions toward creating benefits for social aspects. Corporate social innovation works on specific projects to deliver social value. Our attention will be on corporate social innovation with the assumption that a vision that aims to satisfy unmet social needs (social innovation scope) and corporate social responsibility is accepted as the critical point of the social vision. 

The Best Leadership Practices for Corporate Social Innovation Capability 

The best leadership practices for developing corporate social innovation capability within organizations are what companies should consider using a model to embed business and social innovation. It emphasizes the need to prioritize social empathy and shared value creation in their social innovation efforts. The importance of integrating dynamic capabilities for innovation, stakeholder engagement, and top management support is fundamental. Organizations should focus on aligning their leadership and change organizations for innovation to support social value creation. The development of a vision for corporate social innovation, along with strategies, processes, and structures that facilitate successful social innovation projects, is crucial. 

The next step for our future endeavors will be completed by the unlearning processes and connecting them with the learning ones.  

Unlearning and Learning 

The unlearning and training activities are a great way to learn through experience, and we experienced that “action learning” is the best way. Removing or, better, identifying what is not working anymore, with an effective reality check, allows new learning with experimentation. 

Action Learning “learning by doing” involves actively engaging with real-world challenges and reflecting upon them to gain new knowledge and insights. When combined, people can effectively draw from experience to address complex problems and reflect if they are applicable. They benefit from supportive peers who offer new perspectives to explore emerging issues through novel inquiries and probes.  

We also present a view of the approaches with and without AI and Chatbots: 

  • AI and Chatbots 

AI-powered Decision Support System (DSS) It effectively supports unlearning outside real-life decision-making scenarios. We can design specifically to learn how to provide a safe space for employees to unlearn old habits and learn new ones.  

Unlearning Process (With AI and Chatbots). The same approach is used with DSS, only different in the use of technology. 

  • Without AI and Chatbots 

Scenario Planning and Future-back Thinking. It involves envisioning possible futures and working backwards to let trainees use their skills to identify the skills, knowledge, and behaviors needed in those scenarios.  

Negative Learning. It is a powerful tool to challenge pre-existing beliefs and assumptions, facilitating unlearning and opening the door to new learning. This is particularly effective in extreme cases where existing behaviors or mindsets may harm existing or future leaders, particularly in negative situations. 

About the Authors 

Luca-CollinaLuca Collina is a transformational and AI Business consultant at TRANSFORAGE TCA LTD. York St John University awarded him the Business – Postgraduate Programme Prize and CMCE (Centre for Management Consulting Excellence-UK) for his paper in Technology and Consulting Research Prize. Author/External Collaborator of CMCE. 

Mostafa-SayydiMostafa Sayyadi works with senior business leaders to effectively develop innovation in companies, and helps companies—from start-ups to the Fortune 100—succeed by improving the effectiveness of their leaders.  

Michael-J-ProviteraMichael J. Provitera is an Associate Professor at Barry University. He is an author of Level Up Leadership published by Business Expert Press.  

 

References 

  1. Pless, N.M., Sengupta, A., Wheeler, M.A. & Makk, T. (2022). Responsible Leadership and the Reflective CEO: Resolving Stakeholder Conflict by Imagining What Could Be Done. Journal of Business Ethics 180(1), 313–337. https://doi.org/10.1007/s10551-021-04865-6 
  2. Fietz, B., Hillmann, J. & Guenther, E. (2021). Cultural Effects on Organizational Resilience: Evidence from the NAFTA Region. Schmalenbach Journal of Business Research, 73, 5–46. https://doi.org/10.1007/s41471-021-00106-8 
  3. Fietz, B. & Günther, E. (2021). Changing Organizational Culture to Establish Sustainability. Controlling & Management Review, 65, 32–40. https://doi.org/10.1007/s12176-021-0379-4 
  4. Bhattacharya, C.B., Sen, S. & Edinger-Schons, L.M. (2023). Corporate Purpose and Employee Sustainability Behaviors. Journal of Business Ethics, 183, 963–981. https://doi.org/10.1007/s10551-022-05090-5 
  5. Fischer, M. et al. (2023). Corporate Sustainability. In: Sustainable Business. SpringerBriefs in Business. Springer, Cham. https://doi.org/10.1007/978-3-031-25397-3_4 
  6. Rojot, J. (2017). Corporate Social Responsibility and Culture. In: Azoury, N. (eds) Business and Society in the Middle East. Palgrave Studies in Governance, Leadership and Responsibility. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-48857-8_8 
  7. Beschorner, T. & Hajduk, T. (2017). Responsible Practices are Culturally Embedded: Theoretical Considerations on Industry-Specific Corporate Social Responsibility. Journal of Business Ethics 143(4), 635–642. https://doi.org/10.1007/s10551-016-3405-2 
  8. Kejžar, A., Dimovski, V. & Colnar, S. (2022). Social Innovation from the Perspective of Quality of Life of Old People and in Long-Term Care. In: Baikady, R., Sajid, S., Przeperski, J., Nadesan, V., Islam, M.R., Gao, J. (eds) The Palgrave Handbook of Global Social Problems. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-68127-2_12-1 
  9. Bataglin, J. & Kruglianskas, I. (2022). Social Innovation: Field Analysis and Gaps for Future Research. Sustainability 14, 1153. https://doi.org/10.3390/su14031153 
  10. Portales, L. (2019). Social Innovation: Origins, Definitions, and Main Elements. In: Social Innovation and Social Entrepreneurship. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-13456-3_1 
  11. Todd, J. (2005). Social Transformation, Collective Categories, and Identity Change. Theory and Society, 34(4), 429–463. http://www.jstor.org/stable/4501731 
  12. Slee, B., Burlando, C., Pisani, E., Secco, L. & Polman, N. (2021). Social innovation: a preliminary exploration of a contested concept. Local Environment, 26, 791 – 807. https://doi.org/10.1080/13549839.2021.1933404 
  13. Hristov, I. & Chirico, A. (2023). The cultural dimension as a key value driver of sustainable development at a strategic level: an integrated five-dimensional approach. Environment, Development and Sustainability 25(2), 7011–7028. https://doi.org/10.1007/s10668-022-02345-z 
  14. Piccarozzi, M. (2017).  Does Social Innovation Contribute to Sustainability? The Case of Italian Innovative Start-Ups. Sustainability, 9(12), 1-28. https://doi.org/10.3390/su9122376 
  15. Przychodzen, W. A.P.J. (2018). Sustainable innovations in the corporate sector–The empirical evidence from IBEX 35 firms. Journal of Cleaner Production, 172(2), 3557-3566. https://doi.org/10.1016/j.jclepro.2017.05.087 

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