Pandemic delayed sustainable growth targets by many years

LONDON — Former Unilever CEO Paul Polman has warned that the coronavirus pandemic has pushed again sustainable growth targets 20-30 years, when it comes to exacerbating inequality. 

Polman, who’s now the chair of social enterprise IMAGINE and a founding member of CNBC’s ESG Council, was talking to CNBC’s “Avenue Indicators Europe” Monday. 

“The pandemic has put us again in all probability 20-30 years on the sustainable growth targets,” he stated, “And as soon as extra, the folks that had been already marginalized in society together with the gender dimension … these individuals have suffered disproportionately. 

Girls, individuals of coloration and younger individuals are amongst these which were discovered to have been damage most by the coronavirus disaster. 

“So if we do not create extra jobs, if we do not create higher jobs popping out of this pandemic, then I believe we are going to see extra problems with social incohesion and dissatisfaction in society, undermining of democracies and all the opposite issues,” Polman defined. 

On the plus aspect, Polman highlighted how governments had reacted to the disaster by spending trillions of {dollars} in an effort to assist their economies

“And hopefully more and more, we’ll see a part of that spending shifting to greening our societies and likewise guaranteeing that we deal with the problems of inequality,” he stated. 

Polman stated he believed there had been an “acceleration” of labor on environmental, social and governance points throughout the pandemic, with a selected concentrate on the social facet of those three components. 

“The well being of the individuals, the safety of individuals in our price chain, the social security nets which have include it, at the moment are very a lot on the agenda,” he stated.

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