Sustainability and Global Warming Research Paper

Sustainability and Global Warming - Research Paper Example The consequences are varied and many. Global warming is world phenomenon that has a number of effects on the universal level. Global warming has a number of effects that range from the effects to the economy, atmosphere, environment and the health of the human beings. There are varied effects to the atmosphere and nature. One of the most serious effects of the global warming is its effects on human beings in relation to health of the individual, civilizations and nations. There is need to integrate global warming risks and their impact in the risk management and strategic planning activities in the private and public sector organizations (Dincer, Hepbasil and Midilli 424). Sustainable expansion and growth entails a wide range of knowledge with guiding issues and principles that are beyond the understanding of the economic and scientific certainty (Corricut 1). Global warming is taken to be a kind of sustainability factor and it should be considered during the sustainability managemen t concept. Sustainability management is so useful when it comes to managing the global warming based factors and events. The Link between Global Warming and Sustainability The global warming events can either have negative impacts and positive impacts or both at the same time. Risks are always represented by events that have negative impacts; these risks (can) prevent the value of creation or even grind down the existing values. Events that are associated with the positive impacts sometimes offset the negative impacts or rather represent more opportunities. These opportunities are considered to be possibilities, the possibilities of events occurring and positively affecting the achievements of objectives that are in support of value creation or even preservation (Karakoc and Yilmaz 3). The assessment of global warming is quite difficult because of the uncertainty it possesses. The intensity of global warming and its impact is not well known. Uncertainty also comes in among the decis ion makers because they do not know the extent of the impact of global warming at a certain level for their organization. The sustainability management is taken to be not a development (or a onetime event). As the sustainability management (SM) is embedded in the culture it is the necessity of the effective threat to the management performance. The holistic sustainability management (SM) in the basis of environmental, Safety functions and health is considered important to any institution (organization) but more important to the sustainability of the world. The global warming threats more the sustainability of the world. The global warming impacts create very important negative results to the economic, social and environmental systems. Its (global warming) risk is controlled by the holistic management that provides sustainability. The risk management is considered to be a major factor between the global warming and sustainability. Threat Global warming sustainability Global warming r isk management sustainability Sustainability Management Sustainability is based more on the recognition that resources are consumed faster more than they are produced/ manufactured. The resources are depleted and in the end get used up. The societies demand on nature is always in balance with the nature’s capacity of meeting the demand in a sustainable world.

Investing For Retirement Research Paper Example | Topics and Well Written Essays - 1250 words

Investing For Retirement - Research Paper Example Investing For Retirement In the Family Finance section of Financial Post, there is an article entitled "Retirement Transition All About Expectations." This article is about a couple, Julius ,60, and Emma, 58, in Alberta, Canada who are both retirees, who's been worrying about how they can protect themselves financially if ever there would be a sudden change in the economy. According to Julius, "it might be difficult to make the transition from employment to retirement". Exposure to inflation is their main threat being a retiree. Don Forbes, head of Associates/Armstrong & Quaile gave them an advice on how they are going to utilize their financial plans to protect themselves against any threats. Forbes gave the couple a five year plan scenario on the pension plan they availed, stating what they should do, and explains its corresponding effects in the long run.. This article has been on the news because there are more other Julius and Emma who have been worrying the same thing once they are about to retire. Starting January 1, 2011, the Baby Boomers turned 65. These Baby Boomers are those generations in American history who were born between January 1, 1946 and December 31, 1964. This has been an issue for so many years and now it’s 2011, the Baby Boomers have reached their retirement age. People, especially in the U.S., were already in panic that for the next 19 years these Baby Boomers will push the national government into bankruptcy. This generation has been on a wrong timing since the economy until now is still on the verge of losing everything. (â€Å"In 2011 the baby boomers,† 2010). I chose this article because Canada is not an exception in this crisis. It is significant for the Canadian families because just like Julius and Emma, most of the retirees now are having lots of questions about the reliability of the government and other company pension plans to fund their necessary needs and other expenses in the future. 2. SCOPE OF CANADA PENSION PLAN Canada Pension Plan (CCP) is one of the retirement income systems in Canada that has been mentioned in the article. The CPP is a national pension plan that was established by the government in 1966. This program is a monthly national defined benefit pension plan that is paid to contributors who are at least 65 years old or between 60 and 64 years old who met the earnings and contributions requirements (Monk & Sass, 2009). It is an independent financial institution wherein no political strings attached; its obligations are not government obligations as well as with its a ssets. The governance structure of this pension plan lies in the Canada Pension Plan Investment Board Act. It has a disclosure policy in which all quarterly and annual financial statements report and its public portfolio holdings must be disclosed to the public in the CPPIB website. Furthermore, the Canada Pension Plan Investment Board is an organization established to monitor and invest the funds held by the CPP. Independent from the government, the CPPIB was incorporated in 1997 as a federal Crown corporation by an Act of Parliament. In 1999, it made its first investment whose purpose is to maximize returns without undue risk of loss. Usually, the risks associated in applying a defined-benefit pension type of plan are funding risk and insolvency risk. In the first risk, members are concerned whether the employers can fulfill their promised benefits by assuring them adequate assets in the pension fund. On the report of Financial Services Commission of Ontario 2010, there had been a n increase of underfunded plans by 79% in 2009 from 76% in 2008 out of 1,539 defined-benefit plans (cited in Davis, 2011, p. 6). The concern related on the latter risk goes on the employer's insolvency, in which the business assets of the employer would serve as the ultimate guarantee of the pension promises (Davis, 2011, p. 7). Sponsoring employers should avoid being insolvent as possibly as they