Business Leaders Bullish On Climate Action As Economy, Crises Slow Progress

(The Wall Street Journal) Deloitte’s latest climate survey of 700 executives, conducted in August and September 2022, sheds new light on executives’ top concerns surrounding the climate crisis, the actions they are taking and those they would like to see governments take, and the gap that must be closed between sentiment and action to advance progress toward a more sustainable future.

“The results of the 2022 Climate Check survey are encouraging and indicate that, despite the energy and economic challenges we face, executives remain committed to advancing environmental sustainability practices within their organizations and are optimistic that COP27 will help us get back on track to meet the goals of the Paris Agreement,” says Jennifer Steinmann, Deloitte Global Sustainability & Climate Practice leader.  

The survey findings reveal that executives prioritize addressing the security risks caused by climate change and greenwashing by companies— 66% of leaders agree that greenwashing has become a serious problem in their industries. Many business leaders believe that ensuring a just transition to clean and renewable energy should also be a top global priority. Moreover, more than 70% of survey participants say that ensuring a just transition is influencing their organization’s strategic actions, and nearly three-quarters of surveyed executives who say ensuring a just transition is a top priority also say their organization has invested in the technologies it needs to reduce greenhouse gas emissions (compared to just 57% of all executives surveyed).

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