The COVID-19 pandemic has been a stress-test. Its unprecedented socio-economic impacts exposed the vulnerability and frailties of human civilisation. It has signaled to both people and businesses that if unprepared, social, economic and environmental risks can lead us to devastation. Indifference and inaction today to mitigate such risks will compromise our future.
The world is gearing-up. Globally, 34 countries, covering 1,925 jurisdictions, and over 826 million citizens, have declared the Climate Emergency. Nearly every nation on Earth (197) has made commitments to combat climate change under the Paris Agreement. The commitments to net zero targets have doubled over the last one year.
People are also interested to know how organisations are treating their most critical input to business – their human capital especially in the midst of the current health crisis. In short, a new reign of stakeholder capitalism has begun, pushing businesses and people closer to their greater purpose.
It is high time. We need to Align, Act, and Accelerate our plans to future-proof our people, businesses, and ecosystems. It is time to lay a stronger foundation today to build a sustainable tomorrow.