Companies Must Balance ESG, COVID-19, and the Ukraine Crisis
It’s imperative to withstand the uncertainty
Russia’s invasion of Ukraine has sent shockwaves through a broad spectrum of industries and could create hurdles for emissions targets as companies cope with disruption. However, GlobalData found that companies that can balance environmental, social, and corporate governance (ESG), COVID-19, and geopolitical priorities instead of episodically focusing on one form of disruption stand to gain the most.
According to a recent GlobalData survey, 67% of respondents said COVID-19 had been a catalyst for an increased focus on ESG. However, the International Energy Agency (IEA) recently reported that 2021 saw the highest absolute increase in CO2 emissions ever recorded. ESG, once again, slipping down the priority list due to the ongoing Ukrainian crisis remains a significant issue.