Building a better post-Covid-19 world with the private sector

Binod Chapagain & Christy Owen, Pact

Created 06/30/2020

Analysis, Blog

From Pact

Covid-19 has created one of the most widespread humanitarian and economic crises in recent history. Despite years of pandemic warnings issued, most governments, civil society, research institutions and businesses were caught unaware. Severe Acute Respiratory Syndrome Coronavirus-2 (SARS-CoV-2), the virus behind the disease Covid-19, has been reported in almost every country. With few exceptions, the impact of our lack of preparedness and coordination has been swift on both human and economic health, exposing fault lines of social, economic and gender inequality…

NGOs with private-sector arms like Pact are well-positioned to capitalize on business awareness about the urgent need for more sustainable business models. Needed services that Pact is already providing in the field include:

  • Conducting assessments of value-chain carbon footprints and developing strategies to reduce them
  • Co-creating inclusive financial solutions
  • Measuring environmental and social impacts and setting strategic targets
  • Linking companies with impact investors
  • Integrating health and safety requirements into business planning
  • Documenting and disseminating best business practices

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