The ESG conversation is evolving rapidly as investors, corporates, and the public give more priority to the ‘S’ in ESG—including social issues like stakeholder capitalism, gender and racial diversity, income inequality, and companies' broader role in society.
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The unequal effect of the pandemic on different socioeconomic groups around the world has created a “great divide” that is likely to continually heighten inequalities in 2021. Because substantial government support to corporations during the COVID-19 crisis has raised society’s expectations of corporate responsibility, how countries and companies come together to create a more socially equitable world may determine whether the global economy can build back better in 2021.Read the Report