INTRODUCTION

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Today both innovation and ESG challenges us as  Individuals, as Governments, as  Corporates and NGOs”s. 

The concepts here and the growing influence is vast. It seems everybody is talking about Innovation , ESG, and Climate Change.

Both Innovation and ESG are positive opportunities to change the world for the better. Covid19 has taught us the need for co-operation. more caring, more sharing is the way forward. This is the new frontier.

The leading Accounting firm KPMG summarises this in an insightful way - For many, the term “ESG” brings to mind environmental issues like climate change and resource scarcity. These form an element of ESG—and an important one—but the term means much more. It covers social issues like a company’s labor practices, talent management, product safety and data security. It covers governance matters like board diversity, executive pay and business ethics. But as we discovered two years ago, there is a divide amongst stakeholders on how to manage and communicate it and what the term even means.

We all have heard of the following terms - the 4th Industrial Revolution, Ai, Machine Learning, Big data, Open Banking, Crypto, Blockchain, Digital Currencies, Digital, and Cloud .

All these Innovations is changing and is going to change more the way we conduct our lives and Buinesses. While there are many positives, there are many concerns.

1. Big Tech with too much power

2. Data Privacy and abuse

3. Money Laundering

4. Cyber Risks 

5. Employments and skills retraining

6. And Others

So, with all these changes, we need a refreshed Ethical code 

Covid19 has the effect of driving Innovation in Digital solutions and Medical solutions. There is now a rush and need to bring in Innovation to overcome the challenges of Covid19. Covid19 has highlighted the fact we all in the same boat, the suffering of others, our need to co-operate more and not only be concerned about ourselves. In effect, it has brought the ideals of ESG to the forefront 

This is now a major platform of all ESG Approaches. Of this Climate Change is the number one short-term and long-term priority, and also is seen as an engine of economic growth. Board Diversity is also gaining prominence, and many Companies and Boards recognise the need to include these Goals in their Business Guidelines. This is also a source of Opportunity as Companies that focus on the UN Sustainable Goals will not only receive higher ESG ratings, but Investment Opportunities.