LeasePoint

Accelerating the Green Transition

Deloitte’s survey of more than 2,000 CxOs across 24 countries finds that the majority of CxOs remain optimistic the world will take sufficient steps to avoid the worst impacts of climate change and feel a sense of urgency to take action

When asked to rank the issues most pressing to their organizations, many CxOs rated climate change as a “top three issue,” ahead of seven others, including innovation, competition for talent, and supply chain challenges In fact, only economic outlook ranked slightly higher Many CxOs (61%) said climate change will have a high/very high impact on their organization’s strategy and operations over the next three years

Almost every organization has felt the impacts of climate change over the past year, and CxOs have been personally impacted.

Yet leaders remain optimistic.

While organizations are acting, they’re struggling to move the needle:

Companies are acting: they are using more sustainable materials, increasing energy efficiency, training employees, and developing new climate-friendly products But they’re 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

Moreover, when asked about how serious certain groups are about addressing climate change, only 29% of CxOs said they believe the private sector is “very” serious

Which of the following actions/adaptations has your company already undertaken as part of its sustainability efforts?

Using more sustainable materials (e g , recycled materials, lower-emitting products) Increasing the efficiency of energy use (e g , energy efficiency in buildings) Using energy-efficient or climate-friendly machinery, technologies, and equipment Training employees on climate change actions and impacts

• As defined by Deloitte's analysis Developing new climate-friendly products or services Requiring suppliers and business partners to meet specific sustainability criteria Updating/relocating facilities to make them more resistant to climate impacts Tying senior leaders’ compensation to environmental sustainability performance Incorporating climate considerations into lobbying/political donations

Leading the path forward

Our 2023 report shows that CxOs believe that both their organizations and the global economy can continue to grow while reaching climate goals and reducing greenhouse gas emissions

Download the report to explore how leaders can close the gap between ambition and impact, break through barriers to greater action, and start to balance the near-term costs of climate initiatives with the long-term benefits

2022 CxO Sustainability Report Deloitte's Global Climate & Sustainability hub