As the Covid-19 vaccine rollout progresses worldwide, businesses are debating how this will affect the return to the office as well as the health and safety measures that will be required.
As the world digests the consequences of the pandemic, one of the changes coming to the fore is a new, stronger focus on environmental, social, and governance (ESG) policies. It is in the interest of companies to follow strict ESG standards, as this can help reduce their risk exposure and insurance needs. Plus, governments are now putting in place regulatory frameworks to standardise ESG reporting protocols and accelerate change.
A company's fixed assets such as laptops, plant and equipment are usually secured, guarded and insured. While this remains important, intangible assets such as brands, confidential information, or patents are usually much more valuable, but also more difficult to protect.
The exceptional pressure on the pharma sector to find a drug that ends the COVID-19 crisis has created a race to identify effective treatments under unprecedented circumstances, further increasing the traditionally high risk involved in such undertakings.
A growing number of investors believe that companies with strong environmental, social and governance (ESG) policies and responsible governance are more resilient and financially successful. The COVID-19 pandemic may be a case in point.
The lockdown and social distancing requirements due to the Covid-19 pandemic are accelerating the deployment of new technology and the digitisation of the economy: Companies are rushing to introduce innovation they had planned to implement only at a later stage.
Businesses owe a duty of care towards employees and customers to protect them from any foreseeable harm. The Covid-19 outbreak has changed the expectations of stakeholders and increased the risk of potential legal disputes.
The Covid-19 lockdown has tested the robustness of supply chains when suppliers failed to deliver due to the shutdown of operations or logistical issues. There may be valuable lessons to learn from this experience, particularly because disruption is likely to persist for some time. To be prepared for new issues when businesses restart production, companies should reassess their supply chain’s resilience and make adjustments where appropriate.