Report: Sustainability is a top 10 priority for CEOs this year

ByAnn Erika

May 21, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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A latest study of CEOs and senior executives by Gartner, Inc. discovered considerable shifts in their considering about men and women, purpose, price ranges and efficiency in 2022, exclusively on matters of sustainability, workforce challenges and inflation.

Amid the important findings, synthetic intelligence (AI) is now claimed as the most impactful new know-how among CEOs for the third yr in a row. Conversely, 63% of CEOs see the metaverse as either not relevant or really unlikely to be a important engineering for their business.

Additionally, for the very first time in the historical past of the study, CEOs placed environmental sustainability in their top 10 strategic organization priorities, coming in at 8th area. Just about three-quarters of CEOs agreed that escalating environmental, social and governance (ESG) attempts attracts investors towards their companies. Sustainability also seems as a aggressive differentiator for CEOs in 2022 and 2023, on the exact same stage as manufacturer trust amid respondents.

CEOS' Top 10 Strategic Business Priority Areas for 2022-2023. In order: growth; tech-related; workforce; corporate; financial; products and services; customer; environmental sustainability; cost; sales.

Workforce issues, such as talent retention, moved up in precedence for CEOs for the next calendar year in a row, only a bit at the rear of engineering-related issues this sort of as digitalization and cybersecurity, and significantly forward of fiscal troubles this sort of as profitability and cash flow.

With regards to inflation, 62% of CEOs see general rate inflation as a persistent or extensive-phrase concern. Their top rated reaction to inflation is to raise prices (51% of respondents), alternatively than responding with efficiency and effectiveness (22% of respondents).

Over-all, CEO perspectives shifted significantly in 2022, impacted by the ongoing outcomes of the pandemic and far more lately the Russian invasion of Ukraine. On the other hand, CEOs’ electronic company ambition carries on to increase, unabated by the pandemic and linked crises.

The yearly Gartner 2022 CEO and Senior Organization Executive Survey was performed amongst July 2021 by way of December 2021 amid around 400 CEOs and other senior company executives in North The united states, EMEA and APAC across different industries, earnings and business measurements.

Read through the complete report by Gartner.

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