Skip to content

ESG becomes more important than ever after the impact of the COVID-19 pandemic

April 19, 2024

The COVID-19 pandemic has altered the global business landscape, accelerating awareness of the environmental, social, and governance challenges that businesses must confront. In this context, promoting and implementing ESG (Environmental, Social, and Governance) principles is necessary and a pressing priority while creating new opportunities and challenges for businesses to create sustainable value and adapt to the evolving market.

esg-tro-nen-quan-trong-hon-bao-gio-het-sau-tac-dong-cua-dich-covid-19

Read more:

Why has ESG become more important after the pandemic?

There are several reasons explaining this, including:

  • Demand for a sustainable future: The COVID-19 pandemic has heightened awareness of the risks and challenges posed by climate change and other environmental issues. Therefore, the demand for a sustainable future is increasing, driving investors and businesses to pay more attention to ESG factors.
  • Enhanced social cohesion: The pandemic has exacerbated social inequalities and exposed gaps in social safety nets. This has led investors and businesses to focus more on social factors in their business activities, aiming to contribute to building a fairer and more inclusive society.
  • Elevated importance of good corporate governance: The COVID-19 pandemic has demonstrated the importance of good corporate governance in helping businesses navigate crises and maintain sustainable development. Consequently, investors are increasingly interested in governance factors such as transparency, accountability, and compliance.

Impact of ESG after the COVID-19 pandemic

1/ Changing investor behavior

The developments of the COVID-19 pandemic have drawn investors' attention to ESG factors when making investment decisions. According to MSCI research, 84% of global institutional investors integrated ESG into their investment processes in 2020. This indicates that investors perceive ESG not only as a trend but also as a crucial factor in ensuring long-term returns and creating community value.

2/ Driving innovation

To meet the growing demands of investors and society for ESG standards, businesses are innovating and applying new technologies to improve their ESG performance. For example, many companies are focusing on investing in renewable energy and developing environmentally friendly products and services. Through these efforts, they are not only creating business value but also contributing to society's sustainable development goals.

3/ Increasing community awareness

The COVID-19 pandemic has raised community awareness of the importance of ESG in business activities. This prompts businesses to demonstrate their ESG commitments more clearly and transparently to gain the trust of customers and the community. Building and promoting appropriate ESG policies and actions not only help businesses overcome current challenges but also create long-term benefits for both them and the communities they serve.

ESG Webinar Program

ESG (Environmental, Social, and Governance) is not just a trend but also a crucial responsibility for businesses in today's era. Especially after the Covid-19 pandemic, conducting ESG-oriented business activities has become increasingly essential.

This webinar will provide you with valuable information about ESG, helping you understand its benefits, importance, and implementation trends in the current context. The webinar will also introduce iLotusLand Platform and Link Public solutions as useful tools to help businesses manage and monitor environmental data effectively and then achieve the ESG standard.

Details of the Webinar program:Towards ESG Excellence with iLotusLand

cover-towards-esg-excellence-with-ilotusland

Conclusion

In the context of the COVID-19 pandemic, the importance of ESG factors (Environmental, Social, and Governance) has been asserted more strongly than ever. Changes in investor behavior and the drive for innovation from businesses, coupled with heightened community awareness of ESG, have created a new vision for responsible and sustainable business practices in the future. This is not merely a trend but a decisive factor for the success and survival of businesses in this tumultuous period. Promoting and implementing ESG principles is a corporate responsibility and an opportunity to create sustainable value and foster comprehensive development. Only when we collectively strive for a sustainable and peaceful future can businesses truly thrive and contribute to the progress of society and the environment.

—————————————–
For environmental monitoring solutions, contact iLotusLand:
𝗘𝗺𝗮𝗶𝗹: info@ilotusland.com
𝗛𝗼𝘁𝗹𝗶𝗻𝗲: +84 909 403 778
𝗪𝗲𝗯𝘀𝗶𝘁𝗲: www.ilotusland.com

What’s next?

tet-trung-thu-2024-ilotusland-3
Mid-Autumn Festival, also known as the Reunion Festival, is one of the most special times of the year, carrying deep spiritual values of bonding and love. It is a moment when families gather under the full moon, sharing stories, joy, and meaningful gifts.
Read more
green-industrial-park-khu-cong-nghiep-xanh
Green Industrial Parks are emerging as a significant sustainable development trend for the period of 2025 – 2030, as the government sets goals for environmental protection and aims to achieve net-zero emissions by 2050.
Read more
KCN-VSIP-2-mo-rong-Binh-Duong
In nearly three decades, industrial parks in Vietnam have played a significant role in the country's economic development. However, economic benefits cannot come at the expense of environmental degradation. In the context of globalization and climate change, sustainable development and green growth have become imperative. This marks the beginning of the development of green industrial parks.
Read more
ilotusland-connect-model-vi 1
Công nghệ IoT đang cách mạng hóa việc giám sát môi trường. Nhờ khả năng thu thập dữ liệu chính xác và kịp thời, IoT giúp chúng ta nhanh chóng phát hiện và xử lý các vấn đề ô nhiễm, từ đó giảm thiểu tác động tiêu cực lên môi trường. So với các phương pháp truyền thống, IoT mang lại hiệu quả cao hơn, tiết kiệm thời gian và chi phí đáng kể. Cảm biến IoT (Sensor IoT) chính là đôi mắt của hệ thống giám sát môi trường. Những thiết bị nhỏ bé này liên tục thu thập…
Read more
nha-may-xu-ly-nuoc-thai-kenh-nhieu-loc-thi-nghe
The Nhieu Loc - Thi Nghe Canal Wastewater Treatment Plant, invested nearly 6,000 billion VND and spanning over 33 hectares, is one of the largest wastewater treatment plants in Southeast Asia. With a treatment capacity of 480,000 cubic meters per day and night, its maximum flow rate is 34,000 cubic meters per hour.
Read more
giam-phat-khi-thai-nha-kinh
The manufacturing and production sectors account for 20% of global carbon emissions and 54% of the world's energy use. All industries emit CO2, and this is not new to the environment. Reducing greenhouse gas emissions from manufacturing is crucial to achieving Net Zero targets. Manufacturing plants need to control their carbon emissions to ensure compliance with current and future environmental regulations, reduce waste, and increase efficiency. Moreover, various air quality monitoring technologies are available to track CO2 emissions in industries.
Read more

Get started with iLotusLand today

Consulting on solutions to monitor and manage environmental monitoring data easily and effectively.