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As the invasion of Ukraine continues, The Conference Board is
providing insights on what the latest developments mean for business and
society. See below for our latest analysis and commentary:
Sino-Russian "Friendship"
and the Ukraine Situation: A Slippery Slope for China If China excessively supports Russia’s Ukraine position, it
risks greatly exacerbating ongoing US-China/Sino-Western tensions, stresses
David Hoffman, Senior Vice President, Asia. A key gating factor will be to
what extent China offers any sanctions relief to Russia. Depending on how the
fast-moving situation evolves, China runs the very real risk of triggering
activist levels of negative public and polity opinion in the US and Europe.
This would recast them as an “adversary” by Western policymakers, as opposed
to the prevailing “strategic competitor” view that most policymakers in the
US and Europe have today.
Corporate Citizenship During a
Geopolitical Crisis (Part 1): War is Different How is corporate citizenship different during a geopolitical
crisis, as compared to natural disaster relief during peacetime? In the first
of a two-part series, Jeff Hoffman, Corporate Citizenship Institute Leader,
and Paul Washington, Executive Director, ESG Center, outline four main
distinctions: 1) Responding is more dangerous and difficult, so companies
need to approach the Ukraine situation with different expectations; 2)
Companies should focus on working with established international
organizations; 3) Cash is king, and in-kind donations can bog down relief efforts;
and 4) While natural disaster philanthropy focuses on immediate relief and
preparedness, companies should be thinking about long-term relief and
recovery in the region. Upcoming Webcast: The Global
Economic Implications of the Ukraine Crisis In addition to contemplating the terrible human toll of the
crisis in Ukraine, business leaders are also grappling with the potential
economic implications. Our webcast on March 9 at 11 AM ET I 5 PM CET will provide insights on: · What does the conflict mean for global energy
and commodity prices? · Will already high inflation rates get
materially worse? · How will the conflict impact economic growth
around the world? · What kinds of scenarios should businesses be
prepared for?
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