The Social Impact of Covid-19 on Investments and Businesses

The pandemic has amplified systemic injustices but has also created greater awareness among investors and companies around the importance of the "S" in ESG

Sara Silano 17 February, 2021 | 9:10AM

Social impact del Covid-19

As the Covid-19 has spread globally, it has left in its wake acute health concerns compounded by economic devastation. The full effects are still unfolding. The novel coronavirus has shone a spotlight on the “S” in ESG; the social side of businesses’ conduct and how companies interact with their workers, customers, shareholders and the wider community. This may alter the way people look at the investment world and the function of businesses.

According to World Economic Forum’s Global risks report 2021:“Underlying disparities in healthcare, education, financial stability and technology have led the crisis to disproportionately impact certain groups and countries. Not only has Covid-19 caused more than 2 million deaths at the time of writing, but the economic and long-term health impacts will continue to have devastating consequences.”

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About Author

Sara Silano

Sara Silano  is Editorial Manager for Morningstar Italy

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