The promise of 2022 as a year for recovery and rebuilding was put to the test by a confluence of new and existing challenges.
"The promise of 2022 as a year for recovery and rebuilding was put to the test by a confluence of new and existing challenges. Widespread climate change-fueled disasters, which have tripled since 2015, had untold human and economic consequences. Progress on reducing global poverty stalled, and modern slavery soared in the wake of the pandemic to 50 million victims – many of whom are trapped within supply chains. Russia’s invasion of Ukraine sparked an ongoing humanitarian crisis and is contributing to inflation, energy volatility, sluggish economic growth and disruption to businesses around the world. It’s clear that complex sustainability challenges like these cannot be viewed or addressed in isolation. The private sector is increasingly being called upon to accelerate collaboration and leverage the interconnectedness of global value chains to drive sustainable change at the rate and scale required. A growing number of companies are responding to these calls and, in the process, are building resilience, attracting more capital and ensuring future compliance with emerging ESG reporting requirements."
