Climate change one of key concerns for CXOs: Deloitte sustainability survey

Compared to the global average, Indian CxOs are likely to report feeling more stakeholder pressure to act from board members - 78 per cent, the government 72 per cent and shareholders 71 per cent

sustainability
Photo: Shutterstock
Ruchika Chitravanshi New Delhi
2 min read Last Updated : Jan 17 2023 | 11:01 PM IST
Climate change has been ranked among the top three issues of concern by CXOs with 75 per cent of those surveyed saying that companies have increased their sustainability investments over the past year, according to the Deloitte CXO Sustainability Survey 2023. 

While globally, climate change is a bigger concern than innovation, talent, supply chain and geopolitics, it is second only to economic outlook. 

In India, however, the Deloitte survey found climate change was a higher priority, ahead of ‘economic outlook’, as compared to global executives, with 57 per cent calling it a “top three priority” compared to 42 per cent of global CXOs.

Compared to the global average, Indian CxOs are likely to report feeling more stakeholder pressure to act from board members - 78 per cent, the government 72 per cent and shareholders 71 per cent. 


Sixty per cent of Indian CxOs rated a “just transition” to be extremely important to their organisation’s sustainability efforts, as compared to 46 per cent of global executives. A just transition seeks to ensure that substantial benefits of transitioning to a green economy are shared widely. 

Deloitte surveyed 2,016 CxOs across 24 countries to gauge concerns and actions from business leaders on climate change and sustainability.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Climate ChangeDeloitte surveySustainability

Next Story