Deloitte 2024 CxO Sustainability Report
Signs of a shift in business climate action
The third edition of Deloitte's 2024 CxO Sustainability Report surveyed over 100 executives in the Middle East from Saudi Arabia, The United Arab Emirates and Qatar 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 ME C-suite level business leaders, surpassing economic outlook, political uncertainty, and competition for talent, 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, and more than half have started to implement technology solutions to help achieve climate goals.
Key considerations for ME 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
Executives are beginning to see more tangible benefits from taking climate action for their organizations—pointing to sustainability as a driver of new products, business models, and value creation overall.
Jennifer Steinmann, Deloitte Global Sustainability Business leader
Middle Eastern executives are recognizing the need to transform their business models to address climate change and sustainability, seeing it as a driver for innovation and value creation. We hope this report will inspire more Middle Eastern businesses to integrate sustainability into their core strategies, driving both value creation and environmental resilience in the region.
Daniel Gribbin, Deloitte Middle East Climate and Sustainability Lead
