From renewables to aviation to coal, COVID-19 has exposed both strengths and weaknesses among different sectors when it comes to climate issues. And the effects one may or may not have on each other are an emerging topic among risk managers around the world, both within large multinationals and niche firms that advise companies on carbon transition.
The pandemic and subsequent business interruption has led to a wave of downgrades and negative outlooks across asset classes, including environment, social and governance-driven assets (ESG). Moreover, it has resulted in trillions of dollars in public spending, loan guarantees and asset purchases by governments and central banks.
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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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