In the middle of a crisis, is a focus on ESG urgent or a distraction?
Putting off major ESG risk scanning exercises or ESG communications efforts until the world is “back to normal” is risky business. The COVID-19 crisis is profound and far-reaching, and the difficult decisions your business makes today will define your tomorrow. The same principle applies to the way that you disclose your principles and decision-making to the markets. You want to make the right choices and tradeoffs to ensure the sustainability of your company in the short and long term, but you also want your customers, investors and regulators to support and understand your strategy and give you the benefit of the doubt as you struggle through a time of uncertainty alongside peers who are competing for the same investment dollars, talent and attention.