Ecosystem-centric business continuity planning (eco-centric BCP): A post COVID19 new normal

Abstract

This article views the COVID-19 pandemic as an opportunity leading to a significant reduction in pollution levels, clean waters in rivers, improved visibility, and other tangible benefit to humanity and the environment. In Post-COVID scenario, to restore the margins and regain the lost production, industries are likely to increase their production leading to a quantum jump in the pollution levels. Having precedence of such a scenario in 2008–09, this article looks at what are the possible avenues to engage the city government and business houses through an a new normal ECO-BCP concept for long term sustainability. All economic stimulus needs to be tied down with the stringent reduction in the emission norms. The Ten Principles for the Eco-centric BCP guide the reopening of MSMEs after lockdown period called to check the spread of the COVID-19 pandemic. The Eco-centric BCP model will help the MSMEs to adopt the new-normal business strategies to align with the country-specific commitments to SDGs, SFDRR and Paris declaration.

Highlights

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  Ecosystem based Business Continuity Planning for restoring the nature

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  Alignment with Sendai framework, Sustainable Development Goals and Paris agreement targets

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  Cluster BCP approach for MSMEs as their individual capacity may not be enough to prepare business continuity plans.