World: Coronavirus impact underscores need for sustainable investment, experts say

The impact of the coronavirus has reinforced, for both executives and investors, the need for companies to develop sustainable operations that can withstand major shocks, experts say.

The pandemic has slowed the pursuit of sustainability goals based on the three ESG principles – environment, social, and governance – because of a lack of funding as companies fight for survival, according to the latest South China Morning Post panel discussion on “Covid-19 and the Economy”.

But even at the height of the global outbreak this spring, investors poured money into ESG funds, in part because companies with sustainable business plans and operations perform better, said Phineas Glover, head of ESG research for Asia-Pacific at Credit Suisse.

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(Photo: EPA)

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