JOURNAL OF LIFE ECONOMICS

Healthcare enterprises on the verge of planetary boundaries vision quests for performance measurement and reporting: (balanced score card / ıntegrated reporting)

Orhan Elmacı — 2024-06-11

The balance and stability of the Earth is described as an interconnected system with nine boundaries. The negative effects of businesses on the environment in exceeding planetary boundaries are so great that in the face of this negative situation; states, governments and businesses agree on addressing it with a planetary sense of responsibility. This year, the 28th Conference of the Parties (COP 28) of the United Nations was held in Dubai, United Arab Emirates, between 30 November and 12 December 2023. 'Loss and Damage Fund' was established within the scope of the summit. The phrase 'fossil fuel' appeared for the first time. In the text, the goal of moving away from fossil-based energy systems in a fair, systematic and equitable manner by accelerating actions by 2030 in order to reach net zero emissions by 2050 was determined. Countries and companies have signed declarations of intent and declarations for lower emissions. 39 countries signed the 'Hydrogen Declaration of Intent'. Thus, the way was opened for cooperation in the recognition of hydrogen certification programs and the use of hydrogen potential worldwide. More than 50 oil and gas companies have declared their commitment to the Oil and Gas Decarbonization Charter (OGDC). OGDC set ambitious targets such as stopping routine combustion by 2030 and achieving net zero operations by 2050. Among the items were phasing out coal power plants, accelerating renewable energy sources and expanding low-emission technologies.

The main agenda was "Food safety, Water, health for the first time". In achieving the 2050 zero carbon target and leaving a livable world to future generations

Economic management should be a part of macro policies and should be embraced at the highest level.
Building a new and sustainable financial system,
Dissemination of sustainable investments
Transforming commitments into legal goals and concrete actions
What was planned and committed was not realized and
It is not possible to produce any solution unless it turns into action.

In summary; Now is the time for action, not commitment...

All these agenda items are an indication that the process of turning commitments into action will accelerate. Now, from societies to investors, from consumers to governments, the terms "Sustainability" or "Environmental, Social and Governance (ESG)" have meaning beyond expressing environmental problems such as climate change and resource scarcity and have become important in determining business value.

Using a planetary boundaries lens forces us to look beyond the carbon tunnel vision that many organizations have when considering sustainability to look at broader biophysical earth systems. This study aims to provide a road map on what planetary boundaries are, why they are important for health businesses, and how health businesses can integrate planetary boundaries into their business strategies. In addition, this study also aims to reveal the concept of Integrated Reporting and its role in corporate sustainability, providing a road map for how healthcare businesses can overcome the challenges and benefit from the opportunities of this developing field.

Modeling challenges to implement HR analytics in IT sector using ISM

Aiman Zubair — 2024-06-11

This research paper delves into the intricate landscape of modeling challenges that hinder the integration of Human Resources (HR) analytics within the Information Technology (IT) sector. Employing a qualitative research methodology, the study conducts structured interviews to unravel the nuanced layers of impediments faced by organizations aspiring to harness the power of HR analytics. The research primarily employs Interpretive Structural Modeling (ISM) to map the interdependencies among these challenges, offering a comprehensive understanding of their hierarchical nature.

The findings of this study contribute significantly to the existing body of knowledge by identifying key challenges ranging from data privacy concerns to the integration of analytics into HR decision-making processes. By illuminating the intricacies of these challenges, the research aims to guide the creation of strategic frameworks capable of overcoming them. Ultimately, this study seeks to pave the way for the effective implementation of HR analytics in the IT sector, fostering a culture where data-driven insights drive organizational decisions and enhance workforce management. Keywords: HR Analytics, Challenges of Implementing HR analytics, HR in IT sector, ISM technique.

The importance of public finance in the framework of the 2008 economic crisis and the pandemic crisis

Beste Baki — 2024-06-11

The capitalist economic system creates a constant tendency towards crisis. When crisis trends are considered in terms of their periodic effects, they produce results that have different dimensions such as ecological crises and health crises and include a radical transformation of the socio-economic structure. In this sense, the main purpose of this study is to emphasize that the real source of crises is the change dynamics of the economic system and, in this context, other crisis manifestations are a reflection of economic crises and the transformation in the socio-economic structure after the crisis. In this context, it is important to make a historical evaluation of economic crises and pandemics, based on the idea that the past provides understanding of today and that today requires rethinking the past. The study argues that there is a causal relationship between epidemic diseases causing pandemics and health crises and economic crises that involve radical economic and social transformations. Based on this, the 2008 economic crisis and the Covid-19 pandemic crisis are considered as recent experiences that made this causality relationship visible. In solving the economic and social problems arising from these experiences, the concept of republicness which can be expressed as a paradigm shift in terms of public finance, is discussed as an important alternative approach within the framework of health services and living wage proposals.