Climate change concerns are growing among top executives at global firms, but they still struggle to implement solutions across their firms to address those worries.
That’s the conclusion of a new survey of 2,000 C-suite executives conducted by professional-services organization Deloitte Touche Tohmatsu Ltd. More than 97% of respondents said that climate change had already negatively affected their businesses, but only 19% had implemented some of the most common tools across their firms to address the challenge.
Climate concerns have increased sharply in the last year. In a January 2021 survey, only 63% of the respondents agreed that immediate action was needed to avoid the worst impacts of climate change. In the latest survey in October 2021, the share stood at 88%.
The executives said that they feel the greatest pressure to act on climate issues from governments, investors and consumers, whereas the least pressure comes from banks and their employees. Nearly a quarter said that they received little or no pressure to tackle global warming from their board members.
