Half of CEOs say increasing sustainability is a high priority
Incredible findings on sustainability from IBM’s Institute of Business Value. The following highlight comes from the Institute’s latest study on transformational sustainability, which involved over 3000 CEOs from across the world:
“Almost half of CEOs say increasing sustainability is one of the highest priorities for their organization in the next 2 to 3 years – up from roughly a third in 2021, an increase of 37% in just a year”
“Our latest research reveals that sustainability has become top of mind for many CEOs– jumping up 5 spots since 2015, matching technology’s jump from 2004–2012 as the largest and fastest increase since we started asking the question”
“With CEOs feeling increased pressure to act, sustainability is now ranked as their greatest organizational challenge”
“CEOs say boards and investors – among other stakeholders – are demanding greater transparency around sustainability”
“More than 80% of CEOs say sustainability investments will drive better business results in the next 5 years”
The above is just the tip of the iceberg, there is a ton of useful information and stats about sustainability in a corporate context. One stat that should be of key interest to ESG/sustainability data providers is that 44% of CEOs cite a lack of sustainability insights from existing data as a key challenge to their companies’ sustainability transformation, while 57% cite a lack of clarity on ROI and economic benefits. It is likely that these two top challenges are connected and technology and data providers have a key role to play to address these challenges.