CEO study looks at attitudes, actions, and plans to address climate resilience
- Published: Tuesday, 02 November 2021 09:34
As part of a special edition of the UN Global Compact-Accenture 2021 CEO Study, more than 1,200 CEOs across 113 countries and 21 industries shared their perspectives on the private sector’s current and future climate resilience initiatives.
The study points to a key stakeholder shift when it comes to climate leadership, with investors rising in prominence alongside traditional sustainability advocates like consumers and employees.
Some of the key findings include:
- 57 percent are prioritizing climate action amid their recovery from the COVID-19 pandemic.
- 49 percent say supply chain interruptions due to extreme weather is a top risk, however, only 7 percent said they are ‘advanced’ in setting up early warning systems for climate-risk events.
- 73 percent of CEOs feel increasing pressure to act on accelerating their climate ambitions.
- 71 percent are actively working to develop a net-zero emissions target for their company.
- 25 percent of CEOs say that their organization has intermediate-to advanced early-warning systems to prepare for climate-risk events.
- 28 percent of CEOs conduct intermediate-to-advanced scenario analyses to identify physical and transition risks of climate change on their business and industry.
- 29 percent of CEOs have intermediate-to-advanced levels of insurance for climate-related risks.