Pierre-Francois-Thaler, co-founder and co-CEO of EcoVadis - a provider of business sustainability ratings and intelligence – draws similarities between the climate crisis and COVID-19. Both are global and ongoing, he says, and both are creating havoc, if not disruption, among millions of lives.
“The two are non-linear in the sense that ‘socioeconomic impact grows disproportionately once certain thresholds are breached,’” says Thaler, referencing an April McKinsey report, Addressing Climate Change in a Post-Pandemic World. “Both are risk multipliers, exposing and emphasizing weaknesses in the financial and healthcare systems.” In addition to bringing significant warnings, he elaborates, both crises are “regressive, and disproportionately affecting the weakest among us.”
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