Did Sustainable Growth Get A Boost As An Aftermath Of COVID-19?

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 Did Sustainable Growth Get A Boost As An Aftermath Of COVID-19?

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Summary

  • The year 2021 with several challenges also brought few things good.
  • The sustainability element in different world industries has witnessed a rise in the past year.
  • The shift in the way customers think could be a game-changer

The restrictions related to COVID-19 as unwelcome as they were, had some boons attached to them. Global warming and pollution reduced manifold and this led to a series of chain reactions which set the world on the road to a sustainable future. With many big companies having set sustainable goals for themselves as a part of their COVID-19 recovery process, they are trying to build a robust future for their brands which follow rightful practices and are able to leave a minimal carbon footprint.

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There has been a growth in projects of renewable energy through different forms of wind, biomass, solar and hydroelectricity. There are  as many as 63.7 new projects announced in sector of power whereas oil and gas took 5.6% of the share. 11.4% projects were announced in the transport sector and property and real estate took about 7.9% of the share, respectively.

Many major NZX listed Companies keep sharing their sustainability reports periodically. This shows how truly invested they are in rightful practices and how they want to be a part of the process in bringing about positive growth to the environment.

The COVID reset

Even in the past, with agreements like the Paris Agreement which majorly focusses on keeping the pollution in check and bringing the levels of global warming to the bare minimum, the world has been making a  conscious effort to deal with the problem. With COVID-19 related detrimental effects, however, we have simply received a reset button, which we can ow build forward from.

The consumer’s mentality could be a game changer.

The shift in the very mindset of the consumers, is what will make a difference. Today, when people shop, they are concerned with how the product is sourced, and whether it has been made through responsible practises. This is going to have a huge impact in shaping the future of sustainability in the country and the world correspondingly. Right from methods like eliminating the existence of cheques to promoting the use of public transport to decrease pollution by promoting the use of public transport, the government is  working in the direction of making greener choices for the country.

Recently, the Waipipi Farms construction has been completed by Tilt Renewables after which they will be ale to power as many as 65000 homes through their 13 full-fledged wind turbines making a major shift in the narrative!

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