At the same time, the majority (90%) feel that limited support from government is negatively impacting their ability to tackle today's interlinked global challenges. Modern CEOs are owning their responsibility to protect local communities in the regions they operate. It’s a meaningful shift in C-suite priorities. Additionally, more than half (54%) of CEOs are improving visibility into the social impacts of their company’s value chain, and a third (34%) are reducing scope 3 emissions. Four in 10 (39%) are increasing R&D funding for sustainable innovation, for example.
They're also making real changes to their businesses to better engage with key stakeholders. And, in 2022, nearly three-quarters of CEOs agreed they were accountable for their firm's sustainability performance-up from just 19% in 2013.ĬEOs aren't just talking about sustainability or viewing it as a regulatory compliance issue. Our study found that 98% of CEOs now unequivocally feel it is their role to make their business more sustainable.
And while we've seen Chief Sustainability Officers join executive teams in record numbers, CEOs are taking direct ownership of sustainability issues. Sustainability is clearly at the top of the CEO agenda, as it protects companies across industries against the rising tide of uncertainty.
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