ESG “BUSINESSES ARE BECOMING BETTER AND BETTER AT MEASURING THEIR IMPACT , BUT WHAT ARE THEY DOING ABOUT IT ?”
MARK PERERA , CEO AND CO-FOUNDER , VIZIBL
time ”, yet there are still too many cases of following lagging metrics rather than leading ones .
Perera says : “ Businesses are becoming better and better at measuring their impact , but what are they doing about it ? Significant progress has been made in a few areas , but in many cases , the answer remains that we aren ’ t doing enough .”
How sustainability efforts have been impacted by disruptions Perera believes that , in general , climate change research and collaboration work has been affected by global and geopolitical events over the last few years . Russia ’ s invasion of Ukraine , in particular , has stymied collaboration between not only nations , but in some cases , entirely cut off supply chains that flowed from East to West .
“ The war in Ukraine has greatly reduced global access to previously reliable sources of wheat and oil ,” he says , “ leading to shortages that have increased prices by around 20 % and 50 %, respectively – the knock-on effect of which is projected to cost the global economy around $ 2.8tn in lost output by the end of 2023 .
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