Page 10 - ABG ESG Report

SUSTAIN-ABILITY

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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