Environmental sustainability a top business focus
Businesses are increasingly focused on their environmental sustainability efforts, as investors, customers and regulators drive sustainability prioritization.
Environmental sustainability has become a top 10 priority for business leaders as investors, employees and regulators push companies on how they’re combating and addressing climate change as per TechTarget.
The article further adds that according to Gartner’s annual CEO and Senior Business Executive Survey, environmental sustainability has hit the top 10 list of CEO priorities for the first time in the history of the survey, as it jumped to eighth place from 14th in 2019 and 20th in 2015. The survey was conducted between July 2021 and December 2021 among more than 400 senior business executives across various industries.
Environmental sustainability, a competitive differentiator
The survey revealed that environmental sustainability serves as a “competitive differentiator,” according to respondents. Seventy-four percent of CEOs said increasing their environmental, social and governance efforts serves as an attractor to investors.
“CEOs say investors want better profit returns and growth in revenue, while also driving environmental and social changes,” said Kristin Moyer, distinguished vice president and analyst at Gartner. “And CEOs are finding that ESG is a way to attract customers, talent and investors.”
Witten by: Makenzie Holland for TechTarget