June 21, 2024


The Joy of Technology

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


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A new study of CEOs and senior executives by Gartner, Inc. uncovered sizeable shifts in their contemplating regarding men and women, purpose, costs and productivity in 2022, particularly on matters of sustainability, workforce concerns and inflation.

Amongst the critical findings, artificial intelligence (AI) is now claimed as the most impactful new technological innovation amid CEOs for the third year in a row. Conversely, 63% of CEOs see the metaverse as possibly not relevant or quite unlikely to be a essential know-how for their small business.

Furthermore, for the to start with time in the historical past of the survey, CEOs put environmental sustainability in their leading 10 strategic enterprise priorities, coming in at 8th place. Almost 3-quarters of CEOs agreed that rising environmental, social and governance (ESG) initiatives appeals to traders toward their firms. Sustainability also appears as a aggressive differentiator for CEOs in 2022 and 2023, on the identical level as brand belief 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, this sort of as talent retention, moved up in precedence for CEOs for the 2nd yr in a row, only marginally at the rear of know-how-associated problems such as digitalization and cybersecurity, and considerably ahead of economic difficulties this kind of as profitability and funds move.

Regarding inflation, 62% of CEOs see common value inflation as a persistent or extensive-expression situation. Their prime response to inflation is to elevate charges (51% of respondents), rather than responding with productivity and efficiency (22% of respondents).

All round, CEO views shifted noticeably in 2022, impacted by the ongoing results of the pandemic and a lot more recently the Russian invasion of Ukraine. On the other hand, CEOs’ electronic business ambition continues to rise, unabated by the pandemic and connected crises.

The annual Gartner 2022 CEO and Senior Company Govt Study was conducted in between July 2021 via December 2021 among the over 400 CEOs and other senior business enterprise executives in North America, EMEA and APAC across distinct industries, revenue and business dimensions.

Examine the whole report by Gartner.

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