Summary Carbon accounting, often synonymous with greenhouse gas (GHG) accounting, is a vital technique utilized by analysts and management teams to quantify an organization’s carbon emissions. Distinguishing between direct and indirect emissions, it involves assessing various activities such as energy consumption, transportation, and manufacturing processes. With regulatory bodies mandating emissions disclosure, accurate carbon accounting is…
The State of Corporate Training Report Modern work demands new learning models for engaging, upskilling, and retaining top talent to increase profitability. Are you prepared for the shift to online? Through a survey of hundreds of organizations and finance professionals—including leading global banks, the Big Four accounting firms, and Fortune 500 companies—we’ve identified new trends…
What is Servant Leadership? Servant leadership is a philosophy where a leader is a servant first. Servant leaders aspire to serve their team and the organization first ahead of personal objectives. It is a selfless leadership style where a leader possesses a natural feeling to serve for the greater good. Robert K. Greenleaf first discussed…
What is a Trustee? A trustee is an individual or firm that is given authority to manage property or assets for the eventual benefit of a third party. A trustee can be appointed for various purposes that each come with different responsibilities, such as trust funds, charities, and even bankruptcies. Trustees have a fiduciary responsibility,…
What is a Living Trust? A living trust is a specific type of trust created during an individual’s lifetime, known as the trustor, where a designated person, the trustee, is given authority to manage the trustor’s assets for the benefit of the eventual beneficiary once the trustor passes away. Understanding Living Trusts In some cases,…
What is a Gig Economy? A gig economy is an economy that operates flexibly, involving the exchange of labor and resources through digital platforms that actively facilitate buyer and seller matching. In the gig economy, organizations hire independent contractors and freelancers instead of full-time employees. It is because work is allocated on a temporary basis,…
What is a Trust? A trust refers to a legally binding relationship in which one party, known as the trustor, gives another party, known as the trustee, the lawful right of property or assets that must be kept and used solely for the third party’s benefit, referred to as the “beneficiary.” When a trust is…
What is a Grantor Retained Annuity Trust? A grantor retained annuity trust (GRAT) is an estate planning tool used in the United States that is structured as a trust. A trust is a fiduciary agreement for one party (trustor) to maintain the rights to hold property or assets for another party (trustee) and is commonly…
