After the Russian invasion of Ukraine, the business world will never be the same again. Deputy Attorney General Lisa Monaco recently said that the world’s “geopolitical landscape is more challenging and complex than ever. The most prominent example is, of course, Russia’s invasion of Ukraine.” It is “nothing less than a fundamental challenge to international norms, sovereignty and the rule of law that underpins our society.” This is even more so in the current business climate. Over this five-part podcast series, I will consider how the business will never again be the same and how a confluence of events has changed business forever. I am joined in this exploration by Brandon Daniels, CEO of Exiger. We will explore the irrevocable changes in Supply Chain, trade and economic sanctions, anti-corruption, cyber-security and ESG. In this concluding Part 5, we look at perhaps the business area with the greatest changes from the Russian invasion, ESG. Highlights include:
· Why ESG will never be the same.
· Companies must have a holistic approach to ESG.
· Reputational damage as a top-line expense.
· ESG must be managed proactively.
· Does your corporate ethical values stand for freedom and democracy or something less.