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

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A recent survey of CEOs and senior executives by Gartner, Inc. Significant changes in people in 2022 in their views on purpose, prices and productivity, especially on sustainability, workforce issues and inflation issues.

Among the key findings, Artificial Intelligence (AI) is now being touted as the most influential new technology among CEOs for the third year in a row. In contrast, 63% of CEOs do not see Metavers as a key technology for their business or as highly unlikely.

In addition, for the first time in the survey’s history, CEOs ranked environmental sustainability in their top 10 strategic business priorities, ranking 8th. About three-quarters of CEOs agree that environmental, social and governance (ESG) efforts attract investors to their companies. Sustainability also appears to be a competitive variation for CEOs in 2022 and 2023, at the same level between brand trusts.

Top 10 strategic business priority areas for CEOS 2022-2023.  In order: growth;  Tech-related;  Workforce;  Corporate financial products and services;  Customer;  Environmental sustainability;  Costs;  Sale

Workforce issues, such as retaining talent, have been a priority for CEOs for the second year in a row, lagging slightly behind technology-related issues such as digitization and cyber security, and significantly ahead of financial issues such as profitability and cash flow.

In terms of inflation, 62% of CEOs see general price inflation as a continuous or long-term issue. Their top response is to raise prices (51% inflation) rather than respond with productivity and efficiency (22% of inflation).

Overall, the CEO’s outlook changed significantly in 2022, influenced by the ongoing effects of the epidemic and the recent Russian invasion of Ukraine. However, the CEO’s digital business ambitions continue to grow through epidemics and related crises.

The annual Gartner 2022 CEO and Senior Business Executive survey was conducted between July 2021 and December 2021 among more than 400 CEOs and other senior business executives in various industries, revenue and company sizes in North America, EMEA and APAC.

Read the full report by Gartner.

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