2022 CxO Sustainability Report
Disconnection between action and impact
Climate change is the single most important challenge for businesses today. Governments, consumers, boards and other stakeholders are looking to businesses to be part of the solution. While it is an enormous journey to embark on, combatting climate change also holds great opportunities and competitive edge for businesses.
In Deloitte’s annual CxO report, Deloitte asks over 2000 CxOs – including 150 in the Nordics - what their biggest concerns are and which are the greatest opportunities for the future.
Some of the key findings from the report:
- 72% of Nordic executives today see the world at a tipping point for responding to climate change (79% globally) —a number that was 59% in a similar Deloitte survey taken in early 2021.
- And 97% indicated their companies have already been negatively impacted by climate change, and about half said their operations have been affected (e.g., disruption to business models and supply networks worldwide.
- Luckily, there is a sense of optimism: 88% agreed that with immediate action, we can limit the worst impacts of climate change. That figure was 63% eight months ago.
- 39% of Nordic CxOs believe we have already hit the point of no return and it is too late to repair the damage caused by climate change. (35% globally)
The ambition is high - but there is a disconnect with action and impact
Organizations are struggling to embed climate considerations into their culture and strategy and obtain the broad senior leader buy-in to effect meaningful transformation.
What are the top actions that companies have already taken and top obstacles that are preventing actions?
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