Transparent data is the key to Asia’s green recovery in a post-Covid world
(Eco Business, 13 May 2020) As businesses in Asia grapple with the economic impact of Covid-19, companies focused on disclosing and managing ESG issues are better equipped to weather the disruptions and prepare for future risks.
As countries in our region continue to cope with the Covid-19 pandemic and its grave socioeconomic impacts, the public health crisis is also emerging as an unprecedented policy challenge—one that focuses not only on economic recovery but a resilient pathway towards sustainable growth.
With most non-essential businesses grappling with the massive disruption in their operations and across supply chains, the pandemic is expected to bring about severe economic impacts likely to exceed that of the 2008-09 global financial crisis.
An updated regional growth forecast recently released by the Asian Development Bank (ADB) estimates that a scenario of longer containment and larger demand shocks would lead to $692 billion losses for China alone, as well as $200 billion for the rest of the developing economies in Asia.