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

May 21, 2022
Della C. Mae

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A recent study of CEOs and senior executives by Gartner, Inc. uncovered considerable shifts in their wondering with regards to people today, goal, selling prices and productiveness in 2022, specifically on matters of sustainability, workforce challenges and inflation.

Among the important conclusions, artificial intelligence (AI) is now described as the most impactful new technology amid CEOs for the 3rd yr in a row. Conversely, 63% of CEOs see the metaverse as possibly not relevant or quite unlikely to be a important engineering for their business enterprise.

In addition, for the 1st time in the heritage of the study, CEOs placed environmental sustainability in their top rated 10 strategic business priorities, coming in at 8th location. Nearly three-quarters of CEOs agreed that rising environmental, social and governance (ESG) endeavours appeals to buyers toward their organizations. Sustainability also appears as a competitive differentiator for CEOs in 2022 and 2023, on the exact same level as model have confidence in amongst 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 difficulties, these types of as talent retention, moved up in precedence for CEOs for the second yr in a row, only marginally powering technology-associated issues these as digitalization and cybersecurity, and noticeably ahead of fiscal problems this sort of as profitability and income circulation.

With regards to inflation, 62% of CEOs see common selling price inflation as a persistent or extensive-expression problem. Their leading response to inflation is to elevate price ranges (51% of respondents), relatively than responding with productiveness and performance (22% of respondents).

General, CEO perspectives shifted significantly in 2022, impacted by the ongoing results of the pandemic and more recently the Russian invasion of Ukraine. However, CEOs’ digital organization ambition continues to increase, unabated by the pandemic and similar crises.

The yearly Gartner 2022 CEO and Senior Organization Govt Survey was performed involving July 2021 by way of December 2021 amongst about 400 CEOs and other senior business executives in North America, EMEA and APAC throughout distinct industries, earnings and business dimensions.

Browse the comprehensive report by Gartner.

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