{"id":78734,"date":"2022-01-21T02:38:00","date_gmt":"2022-01-21T01:38:00","guid":{"rendered":"https:\/\/www.sonnenseite.com\/?p=78734"},"modified":"2022-01-20T17:39:05","modified_gmt":"2022-01-20T16:39:05","slug":"new-deloitte-research-highlights-increasing-business-concern-about-climate-change","status":"publish","type":"post","link":"https:\/\/www.sonnenseite.com\/en\/economy\/new-deloitte-research-highlights-increasing-business-concern-about-climate-change\/","title":{"rendered":"New Deloitte research highlights increasing business concern about climate change"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ninety-seven percent of companies surveyed have already felt the effects of climate change\u2014triggering a greater sense of urgency to act now.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Released <em><a href=\"https:\/\/www2.deloitte.com\/global\/en\/pages\/operations\/articles\/deloitte-cxo-sustainability-report.html?id=gx:2or:3pr:4cxosurvey2022:GC1000053:6oper:20220118:pressrelease\">Deloitte\u2019s 2022 CxO Sustainability Report: The Disconnect Between Ambition and Impact<\/a><\/em>, reveals that global C-level business leaders (or CxOs) are increasingly concerned about climate change and see the world at a tipping point to act. Eighty-nine percent of CxOs agree there\u2019s a climate crisis and 63% say their organizations are very concerned. Yet, they are struggling to fully embed sustainability into their core business strategies, operations, and cultures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Understanding the rising importance of sustainability and the immense threat of climate change, Deloitte built upon <a href=\"https:\/\/www2.deloitte.com\/global\/en\/pages\/about-deloitte\/articles\/covid-19\/business-climate-check.html\">past research<\/a> by engaging more than 2,000 CxOs across 21 countries to examine business leaders\u2019 and companies\u2019 concerns and actions related to climate change and sustainability. The report also explores the disconnect between company ambition and impact, as well as steps CxOs can take to start to bridge the gap.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe battle against climate change isn\u2019t a choice, it\u2019s billions of choices,\u201d says Deloitte Global CEO Punit Renjen. \u201cNo action is insignificant, but certain activities and decisions \u2018move the needle\u2019 more than others, and those bolder actions from business leaders are needed now\u2014while there\u2019s still time to limit the damage. It\u2019s time to prove we\u2019re up to the challenge.\u201d<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Concern and optimism: Motivators for change<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">The impacts of climate change are weighing heavily on executives\u2019 minds. The majority (79%) of CxOs believe the world is at a tipping point when it comes to responding to climate change. That\u2019s up 20 percentage points from a <a href=\"https:\/\/www2.deloitte.com\/global\/en\/pages\/risk\/articles\/2021-climate-check-business-views-on-environmental-sustainability.html\">Deloitte survey<\/a> conducted eight months prior, underscoring the growing importance of acting swiftly. What\u2019s more, 88% of CxOs are optimistic that with immediate action, the world can limit the worst impacts to the planet. That is similarly higher than 63% eight months prior. The surge in concern, but also optimism, demonstrates that leaders are increasingly cognizant of the need to act now.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The data shows CxOs are feeling tangible pressure on a number of levels:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Almost all respondents (97%) indicated <strong>their companies have already been negatively impacted<\/strong> by climate change, and about half said their operations have been impacted (e.g., disruption to business models and supply networks worldwide).<\/li><li>Eighty-one percent of <strong>CxOs have been personally impacted<\/strong> by a climate event (e.g., extreme heat, worsening storms, wildfires) over the last 12 months.<\/li><li>Additionally, <strong>stakeholder groups<\/strong>\u2014including regulators, shareholders, consumers, and employees\u2014are all adding to the pressure to act.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cClimate change is no longer in the distant or even near future. It\u2019s here now and the choices we make today will determine the quality of life for generations to come,\u201d says Jennifer Steinmann, Deloitte Global Climate and Sustainability Marketplace Leader. \u201cA better future depends on a profound and lasting change in attitude and behavior from governments, businesses, and individuals. The business community can help model new forms of cooperation that identify the best ideas, regardless of source\u2014and create new and lasting solutions that will have the greatest impact for them, their stakeholders, and their communities.\u201d<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Disconnects exist between ambitions, actions, and impacts<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">Companies are acting: Two-thirds of CxOs said their organizations are using more sustainable materials and increasing the efficiency of energy use; more than half have adopted energy-efficient or climate-friendly machinery, technologies, and equipment; and a majority are intentionally reducing air travel and training employees on their climate actions and impact.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, companies are less likely to implement actions that demonstrate they have embedded climate considerations into their cultures and have the senior leader buy-in and influence to effect meaningful transformation. While all sustainability actions are important, Deloitte\u2019s analysis of the report has identified five \u201cneedle-moving\u201d actions that, especially when taken together, demonstrate a deeper understanding of the business benefits of sustainability. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>They are:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Developing new, climate-friendly products or services;<\/li><li>Requiring suppliers and business partners to meet specific sustainability criteria;<\/li><li>Updating or relocating facilities to make them more resistant to climate impacts;<\/li><li>Incorporating climate considerations into lobbying and political donations; and<\/li><li>Tying senior leader compensation to sustainability performance.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Compared to other climate actions, companies are much less likely to have already undertaken these five, and more than one-third of organizations haven\u2019t implemented more than one of them. While concern for the environment and optimism for change both remain strong, organizations will increasingly need to consider taking more decisive action to limit the worst impacts of climate change.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CxOs also chose brand recognition and reputation, customer satisfaction, and employee morale and well-being as three of the four top benefits of their companies\u2019 sustainability efforts, suggesting many CxOs see climate actions as beneficial to their relationships with their stakeholders. The lowest-ranked benefits (revenue from both longstanding and new business, asset values, cost of investment, and operating margins) suggest CxOs continue to struggle with the short-term costs of transitioning to a low carbon future.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Lessons from sustainability leaders<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">Deloitte\u2019s survey revealed a group of leaders\u201419% of the sample\u2014whose organizations serve as a model for tackling sustainability with efficiency and effectiveness, while reaping the benefits in return. These leading organizations have implemented at least four of the five \u201cneedle-moving\u201d sustainability actions. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Compared to those organizations who haven\u2019t implemented more than one\u201435% of the total (nearly double the leader group)\u2014these leaders are:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>More concerned about climate change (74% versus 52%);<\/li><li>Expecting climate change to have a high impact on their business strategies in the coming years (73% versus 50%);<\/li><li>Planning to achieve net-zero emissions by 2030 (82% versus 50%);<\/li><li>Less likely to see cost as an obstacle for sustainability efforts, indicating they may have a better understanding of the costs associated with inaction and have greater senior leader buy-in; and<\/li><li>More likely to understand the business opportunity of sustainability to their bottom lines, stakeholder satisfaction, and general broader performance.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u201dNot all businesses are at the same stage in their climate journeys, but all companies will soon need to move from \u2018why\u2019 to \u2018how\u2019 with their own customized approach,\u201d says Renjen. \u201cHowever, these actions are important markers of leadership as they require having a mindset that sees both the risks of inaction and the opportunity of sustainability, a culture that embeds climate directly into business strategy, buy-in from senior leaders, and the ability to influence third parties, including business partners, government, and regulators.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To learn more about Deloitte\u2019s 2022 CxO Sustainability Report, please see <a href=\"https:\/\/www2.deloitte.com\/global\/en\/pages\/operations\/articles\/deloitte-cxo-sustainability-report.html?id=gx:2or:3pr:4cxosurvey2022:GC1000053:6oper:20220118:pressrelease\">Deloitte\u2019s website<\/a>.<\/p>\n\n\n<h5 class=\"green\">Source<\/h5>\r\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www2.deloitte.com\/global\/en\/pages\/about-deloitte\/press-releases\/new-deloitte-research-highlights-increasing-business-concern-about-climate-change.html\">Deloitte 2022<\/a><\/p>\n<div class=\"shariff shariff-align-flex-start shariff-widget-align-flex-start\"><div class=\"ShariffHeadline\">Diese Meldung teilen<\/div><ul class=\"shariff-buttons theme-round orientation-horizontal buttonsize-medium\"><li class=\"shariff-button facebook shariff-nocustomcolor\" style=\"background-color:#4273c8;border-radius:1%\"><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.sonnenseite.com%2Fen%2Feconomy%2Fnew-deloitte-research-highlights-increasing-business-concern-about-climate-change%2F\" title=\"Bei Facebook teilen\" aria-label=\"Bei Facebook teilen\" role=\"button\" rel=\"nofollow\" class=\"shariff-link\" style=\";border-radius:1%; 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