This summary is provided by the IPR ESG and Purpose Research Library.
Deloitte examined how organizations and the global economy can continue to grow while reaching climate goals and reducing greenhouse gas emissions.
A survey of 2,016 CxOs (C-level executives) was conducted by KS&R Inc. and Deloitte from Sept. – Oct. 2022.
Key findings include:
1.) 61% of C-level executives said climate change would have a “high” or “very high” impact on their organization’s strategy and operations over the next three years.
2.) 75% as CxOs said their organizations had increased their sustainability investments over the past year, nearly 20% of whom said they’ve increased investments significantly.
3.) More than half of CxOs said employee activism on climate matters has led their organizations to increase sustainability actions over the last year—24% of which said it led to a significant increase.
4.) While companies are taking action, it is less likely they are implementing actions that demonstrate they have embedded climate considerations into their cultures to effect meaningful transformations.
— Only 29% of CxOs said they believe the private sector is “very” serious about addressing climate change.
Find the original report here.