Covid-19 has been one of the biggest public health crises in more than a century. Unlike in other economic crises, the scale of closures across society, from shops, schools and restaurants to factories and offices, has been unprecedented, while travel has been restricted in ways that we have never previously experienced. With news of a vaccine and countries and regions going in and out of lockdowns, it does beg the question of what Covid-19’s long-term impact will be on economies, markets and ESG.