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

May 21, 2022
Michelle K. Wallace

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A new survey of CEOs and senior executives by Gartner, Inc. uncovered significant shifts in their thinking pertaining to individuals, goal, price ranges and productiveness in 2022, specially on issues of sustainability, workforce challenges and inflation.

Amongst the vital results, synthetic intelligence (AI) is now reported as the most impactful new technological innovation among the CEOs for the 3rd yr in a row. Conversely, 63% of CEOs see the metaverse as either not applicable or quite not likely to be a essential engineering for their small business.

Also, for the to start with time in the heritage of the survey, CEOs put environmental sustainability in their leading 10 strategic business priorities, coming in at 8th area. Virtually 3-quarters of CEOs agreed that increasing environmental, social and governance (ESG) endeavours draws in investors towards their organizations. Sustainability also seems as a aggressive differentiator for CEOs in 2022 and 2023, on the similar degree as brand name have confidence in amid 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 troubles, these kinds of as talent retention, moved up in precedence for CEOs for the 2nd year in a row, only a little at the rear of know-how-linked difficulties such as digitalization and cybersecurity, and appreciably ahead of money troubles these kinds of as profitability and hard cash flow.

With regards to inflation, 62% of CEOs see general cost inflation as a persistent or extended-phrase situation. Their prime reaction to inflation is to raise rates (51% of respondents), relatively than responding with productiveness and effectiveness (22% of respondents).

All round, CEO views shifted noticeably in 2022, impacted by the ongoing results of the pandemic and far more lately the Russian invasion of Ukraine. Nevertheless, CEOs’ digital company ambition carries on to increase, unabated by the pandemic and relevant crises.

The once-a-year Gartner 2022 CEO and Senior Organization Govt Survey was done concerning July 2021 by December 2021 amongst above 400 CEOs and other senior company executives in North The us, EMEA and APAC across unique industries, revenue and business dimensions.

Examine the comprehensive report by Gartner.

VentureBeat’s mission is to be a electronic town sq. for specialized conclusion-makers to achieve expertise about transformative organization know-how and transact. Master far more about membership.

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