COVID-19: How a Global Pandemic Could Accelerate the Energy Transition

July 2, 2020 EcoVadis ‏‏‎

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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EcoVadis ‏‏‎

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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