Page 10 - ABG ESG Report
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       APPROACH 2.0

                                            As we embark upon a new stretch in 2022, we near the close of a pivotal 24-month
                                            period – of being in unexpected and unseen challenges. In the coming years, we
                                            would need to accelerate our efforts to contribute largely towards the ambitious
                                            United Nations Sustainable Development Goals (UNSDGs). The experience has made
                                            us deeply aware that it is now all the more a business imperative to incorporate long-
                              ABG           term resilience in our strategic vision and goals. With all that has been laid bare by the
                  Sustain-ability           pandemic related experiences, it is clear that long-term resilience is both about
                   Journey 2.0 is           external factors and externalities, and the businesses' preparedness for the same. The
              focussed on what              actions that businesses choose to undertake are and would be in uenced by a range
                the megatrends              of interconnected global megatrends – environmental, societal, economic, political
            2020-2030 expect                and technological.
                from the private
                                            The most apparent megatrend that cuts across environmental, social and geopolitical
                   sector for the
             current 'decade of             aspects is climate change, having irrevocable bearings on the way we run businesses.
                         action' in         Whether it is the coming together of multiple stakeholders to cut GHG emissions to
                 mainstreaming              reach net-zero or the physical risks through forest/bush  res,  oods, droughts,
                      of ESG, the           hurricanes and typhoons, climate change is impacting in multiple ways -
                                            decarbonisation of energy, alternate raw materials, new products and altered supply
                  'new currency'
                  of transacting            chains.
                   a corporate's            The second major environmental trend turning into crisis is unsustainable land use
             “ability to sustain”,          with associated declines in biodiversity. This in turn has been leading to possible
                in executive and            zoonotic divides through human-induced disruptions of animal habitats, leading to
                      operational           pandemics. The increased frequency and intensity of pandemic diseases will have
               decision-making.             lasting impacts on our healthcare systems, and ways of living, working and socialising.

                                            In parallel to these environmental crises, social predicaments of increasing inequality,
                                            poverty and hunger, are getting deeply accentuated by the pandemic. Inequality is an
                                            emergency in itself and is inextricably linked to the other social, environmental, and
                                            economic crises. The results are a greater extent of political populism and short-
                                            termism, as social and class con icts mount.
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