Planet Papers: A responsible recovery
In this first of our series of Planet Papers, exploring what it means to invest responsibly in our rapidly changing world, we make the case for a responsible recovery – building back better from COVID-19.
The virus has had a profound and sudden impact across the planet, and it will continue to affect our lives and influence economic activity for some time to come. Amid the continued uncertainty, the problems that grabbed the world’s attention in 2019 – climate change in particular – are not going away. The nagging need for systemic reform of the global economy stays constant.
Indeed, the pandemic only highlights the weaknesses of the current system. But it could also be a catalyst for accelerating the move towards a more responsible capitalism, and an opportunity to direct stimulus towards building a more sustainable economy.
The response to COVID-19 has shown us that capitalism has enormous power for good when it comes to finding solutions to urgent medical needs. Before the pandemic came along, the world was already facing a crisis from the growing antimicrobial resistance to antibiotics, which we also explore in “A healthy recovery”, the final section of this report.