Skip to content

Challenges call for an adjustment in our site's strategy.

Companies' reactions to unforeseen Environmental, Social, and Governance (ESG) risks and prospects during a pandemic reveal varying approaches.

Challenges necessitate a re-evaluation of our web platform.
Challenges necessitate a re-evaluation of our web platform.

Challenges call for an adjustment in our site's strategy.

In the wake of the COVID-19 pandemic, numerous companies have adapted and implemented changes to ensure sustainability and maintain high ESG (Environmental, Social, and Governance) standards.

One such company is Bayer AG, which has undergone comprehensive sustainability and quality management measures. These include obtaining ISO 9001:2015 certification and continuing to pursue organizational and process improvements post-pandemic. The pandemic's impact on mobility behaviour led to a reduction in CO2 emissions, a shift that some businesses have sought to sustain to meet climate goals. However, detailed information on a broader range of companies and whether all maintained such measures after the crisis is limited in the sources.

Costco, another major player, prioritized the safety of employees and customers during this challenging time. Measures such as face mask requirements and exclusive shopping hours for the elderly and healthcare workers were introduced.

Ferrari also responded to the crisis by implementing measures to assist employees during temporary production halts.

The responses of these companies to the crisis will have a long-term impact on their ability to sustainably increase profits and improve ESG quality. A company's response to the crisis reflects its alignment with the UN Sustainable Development Goals (SDGs), a metric by which companies will be measured in the future.

JerΓ³nimo Martins, a company that values efficient supply chains, maintained fair treatment of suppliers during the pandemic. Offering bridge loans was one of the measures taken to support suppliers during this difficult period.

If you have subscribed to our newsletter, a confirmation email has been sent to activate your subscription. Please check your inbox, and if you do not receive it, kindly check your spam folder.

As we move forward, it will be interesting to see how more companies adapt to the new normal and continue to prioritise sustainability and ESG standards in their operations.

Read also: