Japanese, American, Singaporean and other business leaders, take note. Committing to models of virtuosity, sustainability and the strongest environment, social and governance (ESG) standards when times are good is one thing.
Adhering to these principles when the going gets tough is another matter and will not be easy. Civil society must be engaged and governments will have to play a role, whether through policy changes or direct or indirect financial support.
The ongoing COVID-19 pandemic has wreaked havoc across the Indo-Pacific region, displacing populations, challenging governments and healthcare systems, and even stretching the limits of “conscious capitalism” in some of the world’s most developed economies. This includes in both Japan and the United States.
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