When we emerge from the pandemic, an important issue will be whether the collaboration and focus can be maintained and harnessed to address the climate crisis or other global issues.
The COVID-19 coronavirus pandemic and its tragic human cost have catalysed a response from governments, and public and private institutions around the world on a scale and with an impact that are unprecedented in peacetime. The engineered shutdown of large parts of the global economy, while needed to constrain the spread of the virus, has led to a demand shock that has dealt a blow to many businesses.
The economic and human impact of the pandemic has refocused investor attention on two key questions:
- What does it mean for a business to be truly sustainable or resilient?
- Will we see a green or sustainable recovery? Or will sustainability take a backseat to economic revitalisation?