Deloitte 2024 CxO Sustainability Report
Signs of a shift in business climate action
The third edition of Deloitte's 2024 CxO Sustainability Report Survey over 2,100 executives across 27 countries on their views and strategies related to Sustainability and climate change.
Key Findings
The report shows that climate change remains a top three issue for global C-suite level business leaders (CxOs), surpassing political uncertainty, competition for talent and the changing regulatory environment, among others. A key indicator of climate’s staying power on leaders’ agendas is that 85% of CxOs say they have increased investments in Sustainability in the past year—up from 75% in 2023—and half have started to implement technology solutions to help achieve climate goals.
An opportunity to scale up efforts
Today’s leading companies alone can’t create the sustainable future we need. To reach critical mass and accelerate the pace of the transition, the many companies in the “moderate middle”—those taking just a few high-impact actions—should extend the breadth and depth of their efforts.
Key considerations for leaders striving to ramp up action
By building on their key strengths, looking at new channels and new partners to drive impact and thinking expansively about the many ways Sustainability can create business value, companies can both advance climate action and position themselves to thrive in tomorrow’s net-zero economy.
Recommendations
While each organisation’s journey is unique, executives are more dedicated than ever to investing in climate action. As a driver of new products, business models, and value creation overall, sustainability is beginning to deliver more tangible benefits.
-Eline Brugman Sustainability & Climate Leader
