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COVID-19: A perspective on Environmental, social and governance (ESG)

COVID-19: A perspective on Environmental

Sue Bonney discusses what COVID-19 means for ESG .

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Sue Bonney

Partner, Head of ESG

KPMG in the UK

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“COVID-19 has shown businesses the true worth of radical scenario planning, high speed innovation to drive change, the value of resilience over efficiency and the need for ‘purpose’ for real.”

In our new reality video, Sue Bonney, Member of the Board and Head of ESG, provides insights on what COVID-19 means for ESG. Before the pandemic, ESG was moving rapidly up the boardroom agenda. But has ESG been deprioritised with so many other priorities?

The ESG imperative hasn’t gone away

Environmental considerations were high on the lost of priorities before COVID-19. While COP26 has been postponed, the underlying climate emergency hasn’t gone away. And the lockdown has highlighted how things could be with less travel.

COVID-19 has dialled up the S and G

The pandemic has also put greater focus on social and governance, with competitors collaborating and commercial organisations providing serviecs for no profit, for example. There are also likely to be profound social implications of a new shape and size of workforce as we emerge.

ESG is rebalanced, but no less of an imperative. Organisatons can take the learnings of the COVID-19 crisis and apply them as they tackle the critical issues of our time.

© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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