• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, July 12, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Balance ESG, COVID-19, and Ukraine Crisis to Withstand Current Uncertainties- GlobalData to Companies

March 18, 2022
Stephen M.Cby Stephen M.C
in Around the Globe
0
activity

Russia’s invasion of Ukraine has triggered ripple of shocks through a broad spectrum of industries, creating uncertainties which are likely to derail companies’ emissions target but companies that can balance ESGs, Covid-19, and geopolitical priorities stand to gain the most, according to GlobalData.

By using this approach instead of episodically concentrating on one form of disruption, companies can essentially cope with the ongoing disruption. The leading data and analytics company found in a recent survey that COVID-19 will continue to dominate the attention of businesses in 2022, with 69 per cent of respondents indicating that it will have a high impact on their business in the next 12 months.

Despite the fact that a large number of companies, representing 67 per cent said COVID-19 was a catalyst for an increased focus on ESG, the International Energy Agency (IEA) recently reported that 2021 saw the highest absolute increase in CO2 emissions ever recorded. While this is surprising, ESG once again is slipping down companies’ agendas due to the ongoing Ukrainian crisis which remains a significant issue, according to GlobalData.

RelatedPosts

Funding Cuts Threaten Global AIDS Progress Gains

UN Urges Human Rights-Centred Digital Transformation

Sevilla Summit Ends With Global Finance Breakthrough

Companies Assess Contributions to GHG Emissions

The IEA report painted a bleak picture, despite the growing emphasis on green recovery in recent years. In 2021, global-energy related carbon emissions increased by 6 per cent, reaching 36.3 billion tonnes. This was the largest absolute carbon emissions ever recorded. This is due to a lot of countries across the world, pursuing fossil-fuel-induced recovery from the pandemic.

Francesca Gregory, Associate Analyst at GlobalData, said: 

“While many lessons can be learnt from COVID-19, the pandemic revealed our struggle as a society to cope with more than one emergency. Companies are encountering the same problem. In GlobalData’s recent thematic report, ESG Strategy Survey 2021, COVID-19 was singled out as the most disruptive threat, with 69% of respondents saying it would have a high impact on their businesses over the next 12 months.”

Francesca Gregory
governance

That aside, the current situation also represents an opportunity for companies to demonstrate their responsibility to respond to change. Companies such as Apple, Microsoft, Nike, Visa, Mastercard, and McDonalds have all looked within their operations and supply chains to assess their contribution and react accordingly.

“Companies that can detach from episodically focusing on one disruptive threat and instead balance ESG, geopolitics, and pandemic priorities will be the most resilient. Flexibility is no longer just nice to have, it will be a necessity for withstanding the current uncertainty.

“A combination of geopolitical tensions, rising ESG scrutiny, and the potential for viral resurgences will demand a rapid reconfiguration of supply chains. Companies that fail to respond to change will face disruption in their operation as well as a potential backlash from consumers.”

Francesca Gregory

In a similar study, GlobalData found that 80 per cent of respondents reported their companies plan to increase spending on ESG issues to meet targets between 2021 and 2026, while 78 per cent of medical device sector companies plan to increase ESG investments over the same period. If this is anything to go by, it represents a big opportunity for companies to contribute to reducing carbon emissions.

READ ALSO: Gov’t to Struggle to Close in on Budget Deficit Despite Oil Price Windfall

Tags: emissionsEnergyESGGlobalUkraine
Please login to join discussion
Previous Post

Cote d’Ivoire Names Three Debutants For England And France Friendlies

Next Post

Ukraine’s Lviv Aircraft Repair Plant Destroyed By Russia

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Ewurabena Aubynn
General News

NDC’s Ewurabena Aubynn Secures Historic Victory in Ablekuma North Rerun

July 11, 2025
Minority Decries Violence, Police Inaction in Ablekuma North Rerun, Polling, Violence
General News

Minority Decries Violence, Police Inaction in Ablekuma North Rerun

July 11, 2025
BoG’s Ban on 10 Money Transfer Organisations Sparks Transparency Debate
Banking

BoG Stress Test Uncovers Banks’ Credit Vulnerability Amid Strong Liquidity Defences

July 11, 2025
AU Urges Human Dignity In Corruption Fight
Africa

AU Urges Human Dignity In Corruption Fight

July 11, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Nearly 800 Killed While Trying To Receive Food Aid In Gaza

July 11, 2025
Shamima Muslim,
General News

Government Condemns Journalist Assaults During Ablekuma North Rerun

July 11, 2025
Ewurabena Aubynn
General News

NDC’s Ewurabena Aubynn Secures Historic Victory in Ablekuma North Rerun

by Evans Junior OwuJuly 11, 2025
Minority Decries Violence, Police Inaction in Ablekuma North Rerun, Polling, Violence
General News

Minority Decries Violence, Police Inaction in Ablekuma North Rerun

by Silas Kafui AssemJuly 11, 2025
BoG’s Ban on 10 Money Transfer Organisations Sparks Transparency Debate
Banking

BoG Stress Test Uncovers Banks’ Credit Vulnerability Amid Strong Liquidity Defences

by Stephen M.CJuly 11, 2025
AU Urges Human Dignity In Corruption Fight
Africa

AU Urges Human Dignity In Corruption Fight

by Lawrence AnkutseJuly 11, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Nearly 800 Killed While Trying To Receive Food Aid In Gaza

by Comfort AmpomaaJuly 11, 2025
Shamima Muslim,
General News

Government Condemns Journalist Assaults During Ablekuma North Rerun

by Silas Kafui AssemJuly 11, 2025
Ewurabena Aubynn
Minority Decries Violence, Police Inaction in Ablekuma North Rerun, Polling, Violence
BoG’s Ban on 10 Money Transfer Organisations Sparks Transparency Debate
AU Urges Human Dignity In Corruption Fight
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Shamima Muslim,
[/vc_row_inner]

Recent News

  • NDC’s Ewurabena Aubynn Secures Historic Victory in Ablekuma North Rerun
  • Minority Decries Violence, Police Inaction in Ablekuma North Rerun
  • BoG Stress Test Uncovers Banks’ Credit Vulnerability Amid Strong Liquidity Defences
  • AU Urges Human Dignity In Corruption Fight
  • Nearly 800 Killed While Trying To Receive Food Aid In Gaza
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.