Deloitte 2023 CxO
Sustainability Report
Over the last year, global executives have faced a number of challenges, including economic uncertainty, geopolitical conflict, supply chain disruptions, and talent shortages, among others. Despite these headwinds, concern over climate change continues to be a top priority for CxOs and their organizations.
Let’s make this work
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Almost every organization has felt the impacts of climate change over the past year, and CxOs have been personally impacted.
62%
82%
Yet leaders remain optimistic.
78%
84%
While organizations are acting, they’re struggling to move the needle:
Companies are acting: they are using more sustainable materials, increasing energy efficiency, training employees, and developing new climate-friendly products. But they’re less likely to implement actions that demonstrate they have embedded climate considerations into their cultures and have the senior leader buy-in and influence to effect meaningful transformation.
Moreover, when asked about how serious certain groups are about addressing climate change, only 29% of CxOs said they believe the private sector is “very” serious.
Which of the following actions/adaptations has your company already undertaken as part of its sustainability efforts?
Top actions taken
59%
Using more sustainable materials (e.g., recycled materials, lower-emitting products)
59%
Increasing the efficiency of energy use (e.g., energy efficiency in buildings)
54%
Using energy-efficient or climate-friendly machinery, technologies, and equipment
50%
Training employees on climate change actions and impacts
Harder-to-implement, needle-moving actions*
* As defined by Deloitte's analysis
49%
Developing new climate-friendly products or services
44%
Requiring suppliers and business partners to meet specific sustainability criteria
43%
Updating/relocating facilities to make them more resistant to climate impacts
33%
Tying senior leaders’ compensation to environmental sustainability performance
32%
Incorporating climate considerations into lobbying/political donations
Leading the path forward
Our 2023 report shows that CxOs believe that both their organizations and the global economy can continue to grow while reaching climate goals and reducing greenhouse gas emissions.
Download the report to explore how leaders can close the gap between ambition and impact, break through barriers to greater action, and start to balance the near-term costs of climate initiatives with the long-term benefits.
Download the Deloitte 2023 CxO Sustainability Report