SUSTAINABILITY AND BUSINESS STRATEGY (Continued) 02 MID-MARKET BUSINESSES
SUSTAINABILITY SPOTLIGHT | ISSUE 1 – APRIL 2023
How can ESG and sustainability strategy help UK mid-market companies survive and thrive? The forecasts are not getting better for the UK economy; with words like ‘tough’, ‘bleak’, and ‘grim’ being bandied about. The IMF in its annual economic outlook is projecting that growth across the world in 2023 is expected to be weak. The weakness in growth is due to three global issues: high inflation accompanied by central bank tightening, the continued war in Ukraine, and the lingering effects of COVID-19, especially the development of the disease in China. The view from the EU is just as challenging, as the Financial Times survey of economists points to shrinkage in the Eurozone, again citing high inflation and the probability of energy shortages, which will depress output and the labour market. The UK is expected to face the worse downturn of any major economy, according to the Organisation for Economic Co- operation and Development (OECD). With all this doom and gloom, how can ESG and sustainability strategy help UK mid- market companies survive and even thrive?
The investment at this time in ESG and sustainability strategy could lead to resilient companies who will be better able to weather the economic headwinds.
Read more from BDO in the UK.
5
| 1. FOREWORD | 2. SUSTAINABILITY AND BUSINESS STRATEGY 2. SUSTAINABILITY AND BUSINESS STRATEGY | 3. SUSTAINABILITY IMPERATIVES | 4. INDUSTRY SECTORS | 5. RESOURCES | 6. CONTACT US
Made with FlippingBook - PDF hosting