June 21, 2024

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


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A current study of CEOs and senior executives by Gartner, Inc. uncovered substantial shifts in their wondering pertaining to men and women, objective, charges and efficiency in 2022, specifically on matters of sustainability, workforce difficulties and inflation.

Among the the important conclusions, artificial intelligence (AI) is now documented as the most impactful new know-how amongst CEOs for the third yr in a row. Conversely, 63% of CEOs see the metaverse as both not applicable or really not likely to be a key know-how for their enterprise.

On top of that, for the to start with time in the record of the study, CEOs put environmental sustainability in their prime 10 strategic organization priorities, coming in at 8th put. Practically a few-quarters of CEOs agreed that raising environmental, social and governance (ESG) attempts appeals to traders towards their organizations. Sustainability also seems as a competitive differentiator for CEOs in 2022 and 2023, on the very same degree as manufacturer belief between 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 concerns, these as talent retention, moved up in priority for CEOs for the second 12 months in a row, only a bit guiding technological know-how-relevant troubles this kind of as digitalization and cybersecurity, and substantially in advance of money concerns this sort of as profitability and cash circulation.

Concerning inflation, 62% of CEOs see standard cost inflation as a persistent or very long-term issue. Their top rated reaction to inflation is to elevate rates (51% of respondents), relatively than responding with productiveness and efficiency (22% of respondents).

General, CEO perspectives shifted substantially in 2022, impacted by the ongoing results of the pandemic and more just lately the Russian invasion of Ukraine. Having said that, CEOs’ digital business ambition continues to increase, unabated by the pandemic and similar crises.

The annual Gartner 2022 CEO and Senior Small business Government Survey was done among July 2021 by way of December 2021 among more than 400 CEOs and other senior company executives in North The usa, EMEA and APAC across different industries, profits and enterprise dimensions.

Read the full report by Gartner.

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