The Year of a New Beginning – From ESG Commitments to Action
Click here to read Joan Lamm-Tennant's bio
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As the world grappled with the overwhelming challenges attributed to Covid-19, racial and social injustice, and dysfunctional geopolitics throughout 2020, many observers anticipated that reliance on the ESG framework for establishing commitments to all stakeholders would fade. But to the contrary, 2020 ushered in a year whereby the ESG framework provided a strategic and cultural roadmap for global corporations to adapt, navigate and emerge from 2020 with their businesses not only functioning but thriving. No longer are leaders debating the merits of ESG as a framework for creating long-term value for all stakeholders. To the contrary, a sustainability plan of action designed around ESG is widely accepted as an imperative for moving forward. We now turn to 2021 and the years ahead to determine if these plans become a catalyst for widespread change in why and how we conduct our business.