What Is a Green Economy, and How Does It Help the Environment?

Embracing a green economy can help the environment.

Our society is becoming more aware that global warming and climate change have significant short and long-term consequences. For that reason, many companies are beginning to bet on a green economy, a concept that, although it has only been in use for a short time, looks set to have a long future.

Green economy: definition and goals

This economic model aims to incentivize sustainable development and reduce environmental malpractice. According to the United Nations Environment Program (UNEP), a green economy can improve human well-being and social equality if carried out well.

A green economy affects not only the economic sphere but also the social and environmental ones. Thus, companies, investors, markets, and societies should agree to adopt sustainable practices to guarantee long-term profitability and social well-being and protect the environment.

How a green economy helps the environment

These are some of the projected benefits of implementing a green economy:

  • Improved welfare and social equity.
  • Reduction of environmental threats.
  • Efficient use of resources and social responsibility.
  • Creation of green jobs.
  • Efficiency in the use of energy resources.
  • Biodiversity.

So these are its goals:

  • Seeking the well-being of people.
  • Promoting social equity.
  • Reducing poverty.
  • Minimizing environmental impacts.
  • Reducing carbon emissions.
  • Avoiding pollution.
  • Using renewable resources.
  • Generating green jobs.
  • Preventing biodiversity loss.
  • Managing waste.

In terms of sustainability, a green economy may be the ideal model, as it simultaneously strives for social and environmental well-being and economic growth. It seeks to improve our lives by reducing pressure on natural systems and facilitating economic development.

The European Union has set more than 130 separate environmental objectives and targets between 2010 and 2050, which aim to move Europe towards the green economy. Some of them are:

  • Improving social welfare, fighting for equity in society, combating scarcity, and decreasing threats to the environment.
  • Using resources efficiently, reducing carbon emissions, and promoting social responsibility.
  • Allocating public resources to the fight against carbon emissions, as well as creating green jobs.
  • Committing to energy efficiency and protecting biodiversity.

Embracing a green economy makes it possible to evaluate the level of transformation and growth in green businesses, analyze the impact of development according to the extraction and utilization of available resources, and assess the social impact according to the population’s access to basic resources, health, and education.

Learn all about the green economy, from its definition to how it helps nature.

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Getting Health Insurance Is Slightly Different for Women

Health insurance can work differently for women.

In health care, there is a concerning pattern: in the private system women tend to pay higher premiums than men and have lower coverage. Among the insurers’ arguments to justify the higher premiums charged is women’s greater need for health insurance.

Money is also a driving factor when it comes to choosing medical care and making appointments. That’s why getting health insurance can be a little more challenging for women.

Recent changes in health insurance for women

There are many health issues to evaluate when choosing an insurance plan, and upcoming changes in health laws could present new complications for women looking for good coverage.

Currently, Obamacare (the Affordable Care Act) still exists. If you have health insurance, your scheduled preventive care is covered, including annual well-woman visits, HPV vaccines, and mammograms every two years starting at age 40.

Some time ago, there used to be a penalty for being a woman, meaning that if you were getting insurance on your own instead of through an employer, it would cost $400 more a year. Fortunately, that penalty does not exist anymore, and all services are covered.

Health factors to consider when getting insurance

According to the news portal The Balance, there are three main factors that women should be aware of:

  • Heart disease: it is the leading cause of death for women in the United States and the world.
  • Cancer: it is the second most dangerous threat to women’s health.
  • Strokes: it causes 6% of all deaths in women and is also the leading cause of long-term disability. 60% of all strokes affect women.

Other things to consider when choosing health insurance:

  • Check the type of plan, whether it is a floating family or individual health insurance.
  • Does the plan cover pre-existing conditions?
  • Does it offer any value-added services?
  • Does it offer maternity coverage? If so, check if there is any waiting period for it.
There have been several changes in the health insurance system, especially for women.

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Are Female Executives a Better Choice for Companies?

Female executives can offer new perspectives to companies.

For companies, having female executives seems to attract and retain talented professionals at all levels and lead to improvements in creativity and innovation.

According to an analysis from the International Labor Organization (ILO) based on surveys of 13,000 companies in 70 countries, three out of four companies with a high percentage of women in management positions have recorded an increase in profits of 5% to 20%.

The importance of having female executives in every company

Diversity of experience is one of the factors that explains the positive impact of having female executives. Women can share their knowledge of consumer behavior since they account for 50% of consumers. In fact, women represent a larger market than those of China and India combined, which makes them a force to be reckoned with.

But in contrast, the gender wage gap is a measurable indicator of inequality and captures the difference in income between men and women. And although it has decreased in some countries over time, it is estimated that the global gap is 22% in terms of average monthly wages. That according to a 2018 analysis from the ILO.

Gender diversity improves business performance. For every 1% growth in female employment, it is associated with annual GDP growth of 0.16% on average. That elasticity is significant in continents like Africa, where the average GDP is directly affected by female employment. There, every 1% increase in female employment is associated with 0.21% GDP growth on average.

According to The Balance, a study of 353 Fortune 500 companies by Catalyst Group showed that companies with high representation of women on their management teams had 35% higher return on equity and 34% higher total shareholder return than male-dominated companies.

So the advantages of having female executives are proven. Women stand out for their intrinsic characteristics such as intuition, empathy, versatility, and ease of communication in work environments. These attributes, which they demonstrate in their interpersonal relationships, are also linked to their responsibilities and work commitments.

For those reasons, companies that consider women for management positions are more likely to have a better work environment and higher productivity in the long term. Every woman has the ability to perform diverse tasks with versatility and follow-up her work team assignments effectively.

Every company needs to know that a female executive is a valuable asset.

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Small Investments Can Have a Big Impact on Women

Investing in women can transform the world.

UN Women says investing in women is good business, but having access to capital remains a barrier for many of them. According to the IFC, only 7% of private equity and venture capital is invested in women-led businesses. That lack of funding not only limits women’s advancement but to social and economic growth as well. That is why helping women entrepreneurs with small investments can be a million-dollar idea.

It is time for women to start playing a more prominent and equitable role in our societies since they contribute to their cultural, economic, and political development. So Investing in a gender-sensitive way can help take down barriers, accelerate equality, and create a healthy economy for all.

Here is how investing in women can help the global economy

Even small investments in women-led businesses can have a very positive impact:

Higher returns and better performance

When it comes to managing assets and getting returns from investments, companies with more female participation and leadership tend to outperform those with lower percentages.

Economic spillover can generate clear social benefits

Strengthening the income of women entrepreneurs and those actively participating in the workforce has a multiplier effect.

Women investors will strengthen impact investing

Globally, women control more than $20 billion of the world’s wealth, and this figure will continue to grow in the future. That is excellent news for impact investing, as studies reveal that 84% of women want to focus their investments on social and environmental impact.

Increasing efforts to improve gender-responsive investing to let women access broader and more inclusive funding and advance their economic empowerment remains a primary goal for our society.

Most women have the ability to balance different tasks and priorities. In business, the ability to multitask, be flexible, and adapt is a significant advantage over other candidates. Women entrepreneurs also enjoy building relationships with their customers and employees, controlling their own lives, and doing something valuable to society.

So investing in women-led companies will allow entrepreneurs to build innovative platforms, create countless job opportunities, and boost the economy. That is how making even small investments can benefit all of us.

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Here Are Some Big Ideas That Could Change 2021 for the Better

2021 is the year for big ideas and changes.

Everyone hopes that by 2021 the COVID-19 crisis will be alleviated, and everything will be back to normal. Although we must be optimistic, the global recovery process will be a bit longer, and even when 2020 was a difficult year, in 2021 we must start looking for different ways to get down to work.

In today’s article, we will share with you some big ideas taken from Linkedin and, of course, some tips from Hispanic Factor for a better 2021.

LinkedIn shared some big ideas for 2021

You must fight to get your power back, or your workers

After a year of working from home and having low energy due to pandemic social stress, companies will have to look for strategies and reasons to keep their employees motivated and working at 100%. We must start thinking about the human connection between colleagues and company; it is not just something physical, but to offer comfort and a good atmosphere to those who are there.

New offices, new ways of working, motivational talks, everything that keeps you and the workers happy to give all of themselves.

Technology is on its way

The use of virtual and augmented reality for training and collaboration within enterprises, and better customer service, will increase.

By 2021, the focus is on the evolving labor market, and the rise of VR and AR will help companies solve their needs. The most innovative companies already realize the return on their investment in VR and AR, not only in training, but also in new ways to engage customers and the public.

Character will be a leader’s best friend

While the goal is to overcome a global pandemic and an economic recession, leaders will need to start working hard and maintain their character. In 2021, servant leadership will be a competitive advantage. 

Every worker right now is looking for confidence and security in their job; with so many job losses and job instability, leaders will need to work hard when hiring to motivate and retain talented people.

It is important to remember that people are not a company’s most important resource; they are the company. If you have a business, your duty is to keep your workers and their positions safe, be flexible with schedules. We are still in a pandemic, and going out to work day to day can be difficult for some people. Opportunities for growth and advancement must be created.

Racial equity will be mandatory

In the wake of George Floyd’s death, companies in the United States and other countries pledged to eliminate systemic racism from their organizations. The demand for total abolition of racism is fully placed on customers and workers; diversity and inclusion initiatives must be undertaken.

Work no longer belongs only in the office

The year 2020 was a test for telecommuting, which was successfully achieved. A home office provides a different lifestyle and many companies have realized that it’s not about where their people are, it’s about them being connected and informed.

A large percentage of companies are starting to consider implementing telecommuting and striking a balance with working in the office. There are advantages to this, as companies are investing in virtual tools and formats that not only help workers, but also generate great advances for companies. More telework means more opportunities.

The pandemic brought and will sustain a great wave of entrepreneurship

The Great Recession of the past decade unleashed a wave of entrepreneurship. High unemployment and the need to generate income drove millions of people to pursue and realize their business ideas rather than rely on a job market. 

While the pandemic has greatly affected the economy and the labor arena, it also brought with it an entrepreneurial renaissance. People will start and continue to create their own businesses, which, although this has always existed, this time it’s happening on a large scale and on a daily basis.

Many people have moved from being employees to being entrepreneurs. From restaurants, clothing sales, language classes, virtual teachers, and so many new businesses, not only physical but online, have skyrocketed.

These are just some of the big ideas that have been making their presence felt in the new year, but every day the world is looking for new strategies and innovations that can improve our personal and working lives. After a long and difficult year of pandemic, now our goal should be to seek to improve, work, and move towards the future.

LinkedIn presented a compilation of big ideas from renowned professionals within the platform.

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Meet Janet Yellen, the New Treasury Secretary of the United States

In January, Janet Yellen became the first woman to lead the Department of the Treasury.

Janet Yellen was born in Brooklyn on August 13, 1946. She graduated as an economist from Brown University and received her Ph.D. from Yale in 1971. That same year, she became a professor at Harvard. In 1980, Yellen took on various positions within the Federal Reserve while teaching at Berkeley.

In today’s article, we want to talk about the remarkable career of Janet Yellen and the challenges she will have to face as the newly appointed US Treasury secretary.

Yellen is the first woman appointed Treasury secretary of the US

Janet Yellen is a figure with experience in politics. First, she headed Bill Clinton’s White House Council of Economic Advisers from 1997 to 1999. More recently, she came to lead the “Fed” (the US Federal Reserve) in 2014 when she was appointed by President Barack Obama, under whom Joe Biden served as vice president for eight years.

Yellen is the third member of Biden’s cabinet to receive the green light from the Senate. The other two were Defense secretary Lloyd Austin, the first African-American to lead the Pentagon, and the director of national intelligence, Avril Haines.

On her official Twitter account, Yellen acknowledged that “we face great challenges as a country right now. To recover, we must restore the American dream, a society where each person can rise to their potential and dream even bigger for their children. As Treasury Secretary, I will work every day towards rebuilding that dream for all.”

The challenges Mrs. Yellen must face

It is no surprise that Janet Yellen will have to face many challenges, perhaps some of the toughest in US history. The crisis caused by the covid-19 continues, and her primary goal is the recovery of the economy.

Even though the pandemic has disproportionately affected some sectors of the population, people have been losing purchasing power for different reasons. Both president Biden and Yellen know that finding real solutions will take time, but they are also aware that extreme times call for extreme measures. For this reason, we can expect the Treasury secretary to play a fundamental role in the decision-making process of this administration.

Right now, the most pressing concern for her is negotiating the approval of Biden’s $1.9 trillion rescue plan with Congress. But besides reviving the US economy, Janet Yellen also needs to restore the confidence of the international community in the US, as Treasury bonds are one of the main safe-haven assets globally.

There are many things Mrs. Yellen needs to do for her country.