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

Clara D. Flaherty

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A new survey of CEOs and senior executives by Gartner, Inc. uncovered sizeable shifts in their considering relating to people, reason, price ranges and efficiency in 2022, specially on issues of sustainability, workforce issues and inflation.

Among the critical findings, synthetic intelligence (AI) is now reported as the most impactful new technological innovation among CEOs for the third yr in a row. Conversely, 63% of CEOs see the metaverse as either not relevant or really not likely to be a essential technology for their organization.

Furthermore, for the to start with time in the heritage of the survey, CEOs put environmental sustainability in their leading 10 strategic company priorities, coming in at 8th location. Virtually a few-quarters of CEOs agreed that expanding environmental, social and governance (ESG) initiatives draws in traders toward their firms. Sustainability also seems as a competitive differentiator for CEOs in 2022 and 2023, on the same amount as manufacturer trust 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 difficulties, these types of as talent retention, moved up in priority for CEOs for the 2nd calendar year in a row, only a little bit guiding technological innovation-relevant concerns these as digitalization and cybersecurity, and significantly in advance of financial troubles this kind of as profitability and hard cash flow.

Concerning inflation, 62% of CEOs see normal price tag inflation as a persistent or extensive-term situation. Their prime reaction to inflation is to raise charges (51% of respondents), fairly than responding with productivity and effectiveness (22% of respondents).

Overall, CEO perspectives shifted appreciably in 2022, impacted by the ongoing consequences of the pandemic and extra lately the Russian invasion of Ukraine. Having said that, CEOs’ digital company ambition continues to increase, unabated by the pandemic and associated crises.

The yearly Gartner 2022 CEO and Senior Organization Govt Survey was performed among July 2021 by December 2021 among the over 400 CEOs and other senior company executives in North The usa, EMEA and APAC throughout distinctive industries, revenue and company sizes.

Study the total report by Gartner.

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