The importance of environmental, social, and corporate governance (ESG) practices has increased in recent years with the COVID-19 pandemic prioritizing ESG and sustainability performance in the corporate agenda worldwide.
Across G20 businesses, the extractives and minerals processing sector was most likely to use COVID-19 as a catalyst to materially enhance their approach to ESG and sustainability.
- 53% of Brazilian companies felt under ‘extreme’ pressure to improve ESG/Sustainability over the next 12 months.
- 81% of Latin American business leaders agree that since the COVID-19 outbreak their company has been focusing more on the ‘Social’ pillar
- 88% of Latin American business leaders agree that companies should be run in the interest of all stakeholders, not just shareholders