The Asian Development Bank (ADB) has released a landmark study which maps supply chains for critical products in the global response to the novel coronavirus disease (COVID-19) pandemic, clearing the way for the identification and removal of blockages in their production and distribution.
The interactive maps will enable banks, investors, governments, and healthcare professionals to pinpoint key companies in the supply of portable ventilators, N95 respirators, face shields, goggles, aprons, surgical masks, and gowns. The maps consider the elements of each product down to its component metals and fabrics.
“To fix any supply chain problems, we need an in-depth description of what goes into these products and which companies are involved,” said ADB’s Head of Trade and Supply Chain Finance Steven Beck. “Mapping these supply chains means that if help is needed, banks, investors, and governments can use the data to quickly relieve bottlenecks and ramp up supplies.”
The mapping project feeds data that already exists from many sources into an algorithm that sorts the information by applying various industry and product codes. Until now, that data has existed in multiple forms on a variety of separate databases, but never brought together in a user-friendly format. A future phase of this initiative will look at blockages at ports, tariff requirements, and other impediments to the efficient functioning of supply chains for these critical goods.
ADB announced on 13 April a tripling in the size of its response to the pandemic to $20 billion. The package expands on the $6.5 billion initial response announced on 18 March, adding $13.5 billion in resources to help ADB’s developing member countries counter the severe macroeconomic and health impacts caused by COVID-19.
More Than 2.5 Billion Trees to be Conserved, Restored, and Grown by 2030
Companies from across sectors are working to support healthy and resilient forests through the World Economic Forum’s 1t.org trillion tree platform. With the launch of 1t.org’s global pledge process this September, over 20 companies have pledged to conserve, restore and grow more than 2.5 billion trees in over 50 countries by 2030.
The trillion trees goal does not replace net-zero emission programmes – business and industries still need to decarbonize to meet our climate targets. 1t.org was launched to support the growing momentum around nature-based solutions, to mobilize the global restoration community and to empower anyone who wants to play a part. The community shares best practices, promotes responsible forestry practices, and scales solutions to have global impact.
Nicole Schwab, Co-Director, Platform to Accelerate Nature-Based Solutions, World Economic Forum said: “We are at a tipping point. It is our collective responsibility to leave behind a planet that is habitable for future generations. The private sector has a key role to play in bringing their expertise to the table and investing in natural climate solutions, such as restoration. It is encouraging to see more and more companies embracing this needed transition towards net-zero, nature-positive business models.”
The initial wave of companies making global pledges to 1t.org include: Amazon, APRIL Group, AstraZeneca, Brambles, Capgemini, Clif Bar, Daterra Coffee, Eni, HP Inc., Iberdrola, Mastercard, Nestle, PepsiCo, Salesforce, SAP, Shell, Suzano, Teck Resources Ltd., tentree, Travelers, Unilever, UPS, VMware, and Zurich Insurance Group. Their pledges can be viewed here as of Thursday 23 September at 16:15 CEST.
“Pledging to 1t.org was a natural fit for UPS,” said Nikki Clifton, president of social impact and The UPS Foundation. “UPS’s commitment to plant more than 50 million trees by 2030, in alignment with the United Nations Sustainable Development Goals, is promoting global equity and well-being for underserved communities in cities and developing countries worldwide. It’s another example of UPS’s 543,000 employees moving our world forward by delivering what matters.”
Companies also work collaboratively through the 1t.org Corporate Alliance to drive impact by committing to leadership, action, integrity, transparency and learning. The alliance allows companies to jointly tackle common challenges and connects companies with 1t.org’s community of innovators, partners and regional chapters.
“1t.org Corporate Alliance discussions have given us valuable insights into how other companies are devising and managing their own restoration and conservation projects. The platform provides a great space for mutual learning and ideas,” said Craig Tribolet, Head of Sustainability Operations, APRIL Group. “1t.org also allows us to share updates on our own journey to champion thriving landscapes, as part of our production-protection approach, and on the progress we have made against our long-term sustainability commitments,” he said.
How Trees Can Play Their Part
Healthy and resilient trees and forests are one part of the efforts needed to combat climate change. Studies have shown trees can reduce urban heat island effects by up to 5°C and energy costs by $7.8 billion a year. Globally, sustainable management of forests could create $230 billion in business opportunities and 16 million jobs worldwide by 2030. From a health perspective, trees absorb 17.4 million tons of air pollutants a year, helping to prevent 670,000 cases of asthma and other acute respiratory symptoms annually. The chance of extreme wildfires occurring also decreases dramatically when forests are managed properly by, for example, growing specially-selected tree species in burned areas and using novel planting techniques for resilience to future wildfires.
1t.org encourages all corporations that have set a Paris Agreement-aligned emissions reduction target to get in touch and submit a pledge.
Lighthouse Partnerships Gain Momentum on Social Justice
Crises in climate, health and inequality are compelling organizations to align business strategies with equity and social justice values.
In a new whitepaper, Lighthouse Action on Social Justice Through Stakeholder Inclusion, the World Economic Forum, in collaboration with Business for Social Responsibility (BSR) and Laudes Foundation, shines a light on emerging corporate momentum supporting stakeholder inclusion and social justice.
Through the case studies of nine “lighthouse examples,” the report chronicles how the following companies and coalitions are establishing stakeholder inclusion models and best business practices in three key areas:
Making investments targeting impacted communities in value chains and ecosystems:
– The Resilience Fund for Women in Global Value Chains (UN Foundation, BSR, Women Win/Win-Win, Gap Foundation, PVH Foundation, H&M Foundation, the VF Foundation, and the Ralph Lauren Corporate Foundation)
– In Solidarity Program (Mastercard)
– Replenish Africa Initiative (The Coca-Cola Foundation)
Influencing public policy and speaking out as corporate citizens:
– Open for Business Coalition (39 major corporations)
– Racial Equality and Justice Task Force (Salesforce)
Applying rigorous accountability practices and sharing power with workers in supply chains and communities:
– Unilever’s Living Wage commitment (Unilever)
– Farmer Income Lab (Mars, ABinBev, Danone, Oxfam, IDH, Livelihoods Fund for Family Farming, UNDP)
– Amul Supplier Cooperative Ownership (Amul)
– Patagonia’s Implementation of Regenerative Organic Certified Standards in its Apparel Supply Chain (Patagonia)
The whitepaper outlines successes and pain points as these leading lighthouse partnerships between business and civil society strive for more meaningful participation with communities most impacted by systemic injustices. Each business is unique in its culture and path to long-term value creation, but all are committed to the belief that stakeholder primacy leads to optimal outcomes.
The time to move forward with these ideals is now, and the conclusion is clear in that, “…the crises of pandemic, protest and social disruption have created an inflection point for many companies to evaluate their corporate sustainability strategies,” said David Sangokoya, Head, Civil Society and Social Justice, World Economic Forum. “Stakeholder inclusion must be at the centre of any corporate action on equity and social justice in our unequal world…positioning business on the path towards redesigning business models that shift power and value towards stakeholder primacy.”
COVID vaccines: Widening inequality and millions vulnerable
Health leaders agree that a world without COVID-19 will not be possible until everyone has equal access to vaccines. More than 4.6 million people have died from the virus since it swept across the globe from the beginning of 2020, but it’s expected that the rate of people dying will slow if more people are vaccinated.
Developed countries are far more likely to vaccinate their citizens, which risks prolonging the pandemic, and widening global inequality. Ahead of a dialogue at the UN on Monday between senior United Nations officials UN News explains the importance of vaccine equity.
What is vaccine equity?
Quite simply, it means that all people, wherever they are in the world, should have equal access to a vaccine which offers protection against the COVID-19 infection.
WHO has set a global target of 70 per cent of the population of all countries to be vaccinated by mid-2022, but to reach this goal a more equitable access to vaccines will be needed.
Dr Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (WHO) said vaccine equity was “not rocket science, nor charity. It is smart public health and in everyone’s best interest.”
Why is it so important?
Apart from the ethical argument that no country or citizen is more deserving of another, no matter how rich or poor, an infectious disease like COVID-19 will remain a threat globally, as long as it exists anywhere in the world.
Inequitable vaccine distribution is not only leaving millions or billions of people vulnerable to the deadly virus, it is also allowing even more deadly variants to emerge and spread across the globe.
Moreover, an unequal distribution of vaccines will deepen inequality and exaggerate the gap between rich and poor and will reverse decades of hard-won progress on human development.
According to the UN, vaccine inequity will have a lasting impact on socio-economic recovery in low and lower-middle income countries and set back progress on the Sustainable Development Goals (SDGs). According to the UNDP, eight out of ten people pushed into poverty directly by the pandemic are projected to live in the world’s poorest countries in 2030.
Estimates also suggest that the economic impacts of COVID-19 may last until 2024 in low-income countries, while high-income countries could reach pre-COVID-19 per capita GDP growth rates by the end of this year.
Is it working?
Not according to Dr Tedros, who said in April this year that “vaccine equity is the challenge of our time…and we are failing”.
Research suggests that enough vaccines will be produced in 2021 to cover 70 per cent of the global population of 7.8 billion. However, most vaccines are being reserved for wealthy countries, while other vaccine-producing countries are restricting the export of doses so they can ensure that their own citizens get vaccinated first, an approach which has been dubbed “vaccine nationalism”. The decision by some nations to give already inoculated citizens a booster vaccine, rather than prioritizing doses for unvaccinated people in poorer countries has been highlighted as one example of this trend.
Still, the good news, according to WHO data, is that as of September 15, more than 5.5 billion doses have been administered worldwide, although given that most of the available vaccines require two shots, the number of people who are protected is much lower.
Which countries are getting the vaccines right now?
Put simply, the rich countries are getting the majority of vaccines, with many poorer countries struggling to vaccinate even a small number of citizens.
According to the Global Dashboard for Vaccine Equity (established by UNDP, WHO and Oxford University) as of September 15, just 3.07 per cent of people in low-income countries have been vaccinated with at least one dose, compared to 60.18 per cent in high-income countries.
The vaccination rate in the UK of people who have received at least one vaccine dose is around 70.92 per cent while the US is currently at 65.2 per cent. Other high-income and middle-income countries are not doing so well; New Zealand has vaccinated just 31.97 per cent of its relatively small population of around five million, although Brazil, is now at 63.31 per cent.
However, the stats in some of the poorest countries in the world make for grim reading. In the Democratic Republic of the Congo just 0.09 per cent of the population have received one dose; in Papua New Guinea and Venezuela, the rate is 1.15 per cent and 20.45 per cent respectively.
What’s the cost of a vaccine?
Data from UNICEF show that the average cost of a COVID-19 vaccine is $2 to $37 (there are 24 vaccines which have been approved by at least one national regulatory authority) and the estimated distribution cost per person is $3.70. This represents a significant financial burden for low-income countries, where, according to UNDP, the average annual per capita health expenditure amounts to $41.
The vaccine equity dashboard shows that, without immediate global financial support, low-income countries would have to increase their healthcare spending by between 30 and 60 per cent to meet the target of vaccinating 70 per cent of their citizens.
What has the UN been doing to promote a more equitable access to vaccines?
WHO and UNICEF have worked with other organizations to establish and manage the COVID-19 Vaccine Global Access Facility, known as COVAX. Launched in April 2020, WHO called it a “ground-breaking global collaboration to accelerate the development, production, and equitable access to COVID-19 tests, treatments, and vaccines”.
Its aim is to guarantee fair and equitable access for every country in the world based on need and not purchasing power.
Currently, COVAX numbers 141 participants according to the UN-supported Gavi alliance, but it’s not the only way that countries can access vaccines as they can also make bilateral deals with manufacturers.
Will equal access to vaccines bring an end to the pandemic?
It’s a crucial step, obviously, and in many richer countries, life is getting back to some sort of normality for many people, even if some pandemic protocols are still in place. The situation in less developed countries is more challenging. While the delivery of vaccines, provided under the COVAX Facility, is being welcomed across the world, weak health systems, including shortages of health workers are contributing to mounting access and distribution challenges on the ground.
And equity issues don’t disappear once vaccines are physically delivered in country; in some nations, both rich and poor, inequities in distribution may still persist.
It’s also worth remembering that the imperative of providing equal access to health care is, of course, not a new issue, but central to the Sustainable Development Goals and more precisely, SDG 3 on good health and well-being, which calls for achieving universal health coverage and affordable essential medicines and vaccines for all.
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