Last night saw the Future Awards celebrating financial leadership by companies, the public sector and investors. Five winners were announced, including the winner of the Innovative New Idea Award which was judged on the night following live pitches from the finalists.
The Finance for the Future Awards, founded by ICAEW and HRH The Prince of Wales’s Accounting for Sustainability Project (A4S) and in partnership with Deloitte, are in their fifth year. The awards highlight good business practices internationally by recognising the roles which the finance function, and the wider finance community, play in helping to build resilient organisations through embedding environmental and social issues into decision making.
The winners, with the judges’ citations, are:
Large business award
Winner: Coca-Cola Hellenic Bottling Company
Judges’ citation: “The Coca-Cola Hellenic Bottling Company team brought to life the vital role that the finance team can play to embed sustainability into everyday decision making. It was able to develop an approach that systematically integrated environmental and social factors into capital expenditure across the diverse geographies, changing decisions as a result.”
Highly commended: Skanska UK
Communicating integrated thinking award
Winner: United Utilities
Judges’ citation: “By producing clear, concise, integrated communications, United Utilities has demonstrated how integrated thinking translates to shareholder value in financial terms.”
Highly commended: Novo Nordisk
Public sector and third sector award
Winner: Climate Disclosure Standards Board
Judges’ citation: “CDSB has delivered something of vital importance that others have spoken about but not acted upon for years. The organisation has worked effectively as part of a collaborative network and acted as a catalyst for the development of a broad reporting framework. This framework demonstrates how traditional financial measures and new – primarily environmental – data can coexist for organisations and the institutions that invest in them.”
Highly commended: HM Treasury
Investing and financing award
Winner: Bridges Ventures
Judges’ citation: “Bridges Ventures has created a truly innovative, scalable market offering. The tailored impact measurement framework clearly links financial and non-financial benefits.”
Innovative new idea award
Winner: The Public Services Lab
A collaborative joint venture created by Interserve, Clubfinance, Catch22 and Big Society Capital to help voluntary, community and social enterprises across Merseyside to develop the skills and business practices to deliver innovative, effective and sustainable public services by innovative procurement and delivery models.
Finance for the Future is not just an awards ceremony. Since its inception, it has also led to the development of a community of engaged finance professionals. These individuals are committed to creating more sustainable outcomes for their organisations, and share their stories with others.
The finalists really inspired the judges by showing practical ways to integrate sustainability into decision making.
Michael Izza, Chief Executive, ICAEW said:
“The organisations we are celebrating have demonstrated the highest standards and we are delighted to congratulate tonight’s winners. These awards were founded to showcase the companies that are leading the way in embedding sustainability at every level through the finance function. ICAEW believes that the accountancy and finance profession has a key role to play in helping to deliver a more sustainable world as well as more resilient businesses.”
Jessica Fries, Executive Chairman, A4S, said:
“The finalists really inspired the judges by showing practical ways to integrate sustainability into decision making, creating value for the organisation, the economy and society. They really highlighted the transformation underway among finance teams and the wider finance community across the globe to develop resilient business models and a sustainable economy.”
Veronica Poole, global IFRS leader and UK head of accounting at Deloitte, said:
“What really stood out amongst the winners was authenticity and the way their integrated thinking shone through. Communicating in a way that truly explains what makes companies tick and the values they live by is extremely important in creating trust in business.”
For more information, visit: http://www.financeforthefuture.co.uk/
Extra-Mile Water Conservation Efforts Amidst Shortage
While some states are literally flooding due to heavy rains and run-off, others are struggling to get the moisture they need. States like Arizona and California have faced water emergencies for the last few years; water conserving efforts from citizens help keep them out of trouble.
If your area is experiencing a water shortage, there are a few things you can do to go the extra mile.
Repair and Maintain Appliances
Leaks around the house – think showerheads, toilets, dishwashers, and more – lead to wasted water. Beyond that, the constant flow of water will cause water damage to your floors and walls. Have repairs done as soon as you spot any problems.
Sometimes, a leak won’t be evident until it gets bad. For that reason, make appointments to have your appliances inspected and maintained at least once per year. This will extend the life of each machine as well as nip water loss in the bud.
When your appliances are beyond repair, look into Energy Star rated replacements. They’re designed to use the least amount of water and energy possible, without compromising on effectiveness.
Only Run Dishwasher and Washer When Full
It might be easier to do a load of laundry a day rather than doing it once per week, but you’ll waste a lot more water this way. Save up your piles of clothes until you have enough to fully load the washing machine. You could also invest in a washing machine that senses the volume of water needed according to the volume of clothes.
The same thing goes with the dishwasher. Don’t push start until you’ve filled it to capacity. If you have to wash dishes, don’t run the water while you’re washing. Fill the sink or a small bowl a quarter of the way full and use this to wash your dishes.
Recycle Water in Your Yard
Growing a garden in your backyard is a great way to cut down on energy and water waste from food growers and manufacturers, but it will require a lot more water on your part. Gardens must be watered, and this often leads to waste.
You can reduce this waste by participating in water recycling. Using things like a rain barrel, pebble filtering system, and other tools, you can save thousands of gallons a year and still keep your landscaping and garden beautiful and healthy.
Landscape with Drought-Resistant Plants
Recycling water in your yard is a great way to reduce your usage, but you can do even more by reducing the amount of water required to keep your yard looking great. The best drought-resistant plants are those that are native to the area. In California, for example, succulents grow very well, and varieties of cactus do well in states like Arizona or Texas.
Install Water-Saving Features
The average American household uses between 80 and 100 gallons of water every single day. You obviously can’t cut out things like showering or using the toilet, but you can install a few water-saving tools to make your water use more efficient.
There are low-flow showerheads, toilets, and faucet aerators. You could also use automatic shut-off nozzles, shower timers, and grey water diverters. Any of these water saving devices can easily cut your water usage in half.
Research Laws and Ordinances for Your City
Dry states like California, Arizona, New Mexico, and Nevada must create certain laws to keep the water from running out. These laws are put into practice for the benefit of everyone, but they only work if you abide by the laws.
If you live in a state where drought is common, research your state and city’s laws. They might designate one day per week that you’re allowed to water your lawn or how full you can fill a pool. Many people are not well versed in the laws set by their states, and it would mean a lot to your community if you did your part.
Cyprus is the Forerunner for Ecotourism
When I was looking for a second citizenship, I happened to see One Visa’s offer on Cyprus Citizenship by investment program. I had heard about Cyprus being a beautiful country, but I did not know much else, so I decided to start my own research about this gem of a place.
After I did some research, I discovered that Cyprus is a popular destination for tourists. Unfortunately, heavy tourism and the associated development affected villages here and there, with some communities being slowly abandoned. To avoid this from happening any further, Cyprus went into ecotourism, and today, it is the forerunner in this arena. Let’s look in further detail at ecotourism in Cyprus here.
How was it started?
It all started in 2006 with the launch of the “Cyprus Sustainable Tourism Initiative.” This program has the sole scope of promoting ecotourism developments in the tourism industry. It concentrates on those areas which require conservation and environmental safety. At the same time, it helps develop social, as well as economic statuses in the rural parts of Cyprus. Through this program, the government was able to acknowledge that ecotourism will play an essential role in the future of Cyprus, with the concept gaining momentum among tourists from all over the globe.
How to go about it?
So, now you are interested in going for an ecotourism vacation in Cyprus. How will you go about it? I would immediately say that everyone should visit the quaint Cypriot villages spread throughout the island. These communities have a smaller population, and not many tourists visit. They make for a great relaxing spot. Enjoy seeing the bustle of village life go by where simple pleasures abound. Most hamlets are linked by specific minibus tours which ferry tourists to these havens. These trips will have a regular schedule, aimed at promoting ecotourism further. Such tours will be regulated to ensure that while the villages can benefit and develop, they do not get overpopulated or overcrowded with tourists. Therefore, you can be sure to enjoy the beautiful sceneries that nature has to offer here.
If you are wondering if there are any activities to do here, my answer would be: “Yes, plenty.” You can go for some guided walks across various regions here. Here you will be able to explore the diversified natural beauty and wildlife of the area. Several agritourism activities and services are planned to open shortly. Once launched, you will be able to engage in picking olives, milking goats, and several other such events here.
What can be learned?
Although we are aware that natural resources need to be preserved, we do not always remember it in real life. When we go on tours such as these, we can realize the significance of protecting nature. Also, when more and more people visit these places, the concept of ecotourism will become popular among more people. Awareness about ecotourism is set to grow and spread throughout the world. Subsequently, sustainable tourism will gain popularity around the globe with Cyprus being the forerunner for ecotourism .