Amid the Covid-19 pandemic, companies not only face a slowdown in economic activity but also need to hasten their digitalization journey and ensure they are ESG compliant.
“Companies are taking matters surrounding ESG and digitalisation more seriously based on the recognition of the risk of fading into oblivion if they fail to be forward-looking in their approach,” says Kasturi Nathan, Head of Sustainability at KPMG in Malaysia.
“We’ve seen how companies are pushed to the limits of operational viability when they continue to utilize scarce and non-renewable resources, prioritize sales of new products, and fail to collaborate, innovate or adapt. In contrast, a company with a sustainable or circular economy mindset will be well insulated from value chain disruptions because it will have engineered a way to extract limitless value from its resources,” she added.
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