Why are Thailand and the rest of the world
becoming aware of the importance of “ESG”
and mobilizing to take care of the environment and society?

Why are Thailand and the rest of the world
becoming aware of the importance of “ESG”
and mobilizing to take care of the environment and society?

Irregular weather patterns severe enough to constitute a “climate crisis”
Scarcity of natural resources around the world
Widening social inequality
Irregular weather patterns severe enough to constitute a “climate crisis”
Scarcity of natural resources around the world
Widening social inequality
The 2021 Global Risks Report 16th Edition, conducted by the World Economic Forum (WEF), states that extreme weather and failures in climate management, environmental problems caused by humans, the problem of digital inequality due to disparity in access and usage, as well as cyber security are risks which have the greatest likelihood of occurring in the next ten years and which will result in a crisis for life on earth.

Climate variability

The daily activities of humans which continuously release greenhouse gases into the atmosphere have exacerbated climate change. Moreover, deforestation and wildfires have resulted in a spike in CO2 levels. The International Union for Conservation of Nature predicts that rising global temperatures will result in the extinction of 1 in every 4 species, and currently, according to the Intergovernmental Panel on Climate Change (IPCC), more than 420 million people are facing intense heatwaves. Meanwhile, Thailand is suffering from its worst drought in 40 years, while one-third of the region of Thailand has experienced severe flash floods since the end of 2020. It is clear that the world has reached the point where climate change has escalated into a “Climate Crisis.”

In addition, the wasteful consumption of a population which is likely to reach 9.6 billion people in 2050, according to the Bank of Thailand’s reports, has led to a shortage of natural resources around the world due to the loss of ecological balance. It is estimated that to have enough resources, we would need to have three Earths. Also relevant is the fact that today’s new normal lifestyle has contributed to the global accumulation of up to 2 billion tons of waste, which is projected to increase to 3.4 billion tons by the beginning of 2050, according to reports by the World Economic Forum. A study conducted by Jambeck et al. in 2015, which was cited in an article by SDG MOVE, found that ASEAN countries like Indonesia, the Philippines, Vietnam, and Thailand are among the top 10 countries that release the most plastic waste into the sea.

Although the world has progressed in many aspects, these advancements have led to the problem of social inequality, and the Covid-19 pandemic has further exacerbated this issue. The International Labor Organization (ILO) reports that the number of unemployed people worldwide will rise to 205 million, which is in line with the Bank of Thailand’s forecast that by 2022, more than 4.74 million Thai workers will be at risk of layoffs and severely reduced income against the background of inflation and high cost of living. Furthermore, an important cornerstone like education also lacks stability, especially for the 1.9 million Thai youth who are at risk of falling through the gaps in the education system, according to Ministry of Education’s assessment.

Because we only have one Earth, which is currently facing compounded crises, urgent cooperation in turning things around and caring for the Earth is “no longer just an option but the only way out” for humanity, and we must begin today.
Because we only have one Earth, which is currently facing compounded crises, urgent cooperation in turning things around and caring for the Earth is “no longer just an option but the only way out” for humanity, and we must begin today.
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