According to the World Economic Forum’s most recent COVID-19 Risks Outlook report, which surveyed approximately 350 senior risk professionals in May, “as countries seek to recover, some of the more lasting economic, environmental, societal, and technological challenges and opportunities are only beginning to become visible. While societies, governments, and businesses collectively grapple with these possibilities, it is vital to anticipate the emerging risks generated by the repercussions from the pandemic.”

The growing complexity posed by intersecting ESG risks are conspiring in ways that require deftness, adaptability, and resilience for entities to remain relevant, both now and in the long-term. Even for companies that survive the coronavirus’ impacts, the way that they conduct business will be irreversibly altered. As such, if the current moment is any indication, ESG factors can no longer be seen as separate considerations of varying importance. Rather, their interdependence highlights how the global economy can achieve sustainable growth through effective action. Widespread adoption of ESG practices provides an opportunity for the creation of a greener and more equitable post-COVID-19 world.

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S&P Global