New Delhi [India], Changing weather patterns and climate change are affecting businesses around the world. According to a survey by Gartner, 54 percent of CEOs say their business is affected, at least moderately, by changing weather patterns.
More than half (51 percent) of CEOs admit that these changing weather patterns are prompting them to plan for changes to their operations or have already done so. Nearly 69 percent of CEOs see sustainability as a key business growth opportunity in 2024.
The survey highlights that CEOs are leveraging sustainability to drive business growth through a variety of means – 33 percent through sustainable products and services, 18 percent through sustainable business practices, 18 percent through stakeholder engagement. through, and another 18 percent through decarbonization.Digital investment and innovation is in ninth place with eight percent.
"As CEOs reset their long-term strategies, environmental sustainability remains one of the key factors influencing competitiveness," said Kristin Moyer, distinguished VP analyst at Gartner.
“Sustainability continues to be a top 10 business priority, even surpassing productivity and efficiency this year. Leaders and investors know that environmentally indifferent corporate behavior is a mid- to long-term risk to business results, due to environmental factors There is a high price to be paid as outliers are ignored."
According to Gartner, digital technology is critical in driving both financial and sustainability outcomes.For example, the Internet of Things (IoT) and data analytics can optimize wind turbines, reducing costs and greenhouse gas emissions. AI and IoT can reduce food loss costs and waste, while a circular economy marketplace can generate new revenues and reduce waste.
The Gartner survey showed that the most significant impact of changing weather patterns cited by CEOs is on operating dynamics (30 percent), particularly on logistics changes such as warehousing, timing and routing of deliveries. Transfers, including nearshore, come second after automation, technology and data.
“Digital technology can accelerate progress toward sustainability goals, help enterprises reach targets beyond compliance, enable new business models and enhance revenue streams,” Moyer said.,
The survey included more than 400 CEOs and other senior business executives from North America, Europe, Asia/Pacific, Latin America, the Middle East and South Africa across a variety of industries, revenues and company sizes.
More than half (51 percent) of CEOs admit that these changing weather patterns are prompting them to plan for changes to their operations or have already done so. Nearly 69 percent of CEOs see sustainability as a key business growth opportunity in 2024.
The survey highlights that CEOs are leveraging sustainability to drive business growth through a variety of means – 33 percent through sustainable products and services, 18 percent through sustainable business practices, 18 percent through stakeholder engagement. through, and another 18 percent through decarbonization.Digital investment and innovation is in ninth place with eight percent.
"As CEOs reset their long-term strategies, environmental sustainability remains one of the key factors influencing competitiveness," said Kristin Moyer, distinguished VP analyst at Gartner.
“Sustainability continues to be a top 10 business priority, even surpassing productivity and efficiency this year. Leaders and investors know that environmentally indifferent corporate behavior is a mid- to long-term risk to business results, due to environmental factors There is a high price to be paid as outliers are ignored."
According to Gartner, digital technology is critical in driving both financial and sustainability outcomes.For example, the Internet of Things (IoT) and data analytics can optimize wind turbines, reducing costs and greenhouse gas emissions. AI and IoT can reduce food loss costs and waste, while a circular economy marketplace can generate new revenues and reduce waste.
The Gartner survey showed that the most significant impact of changing weather patterns cited by CEOs is on operating dynamics (30 percent), particularly on logistics changes such as warehousing, timing and routing of deliveries. Transfers, including nearshore, come second after automation, technology and data.
“Digital technology can accelerate progress toward sustainability goals, help enterprises reach targets beyond compliance, enable new business models and enhance revenue streams,” Moyer said.,
The survey included more than 400 CEOs and other senior business executives from North America, Europe, Asia/Pacific, Latin America, the Middle East and South Africa across a variety of industries, revenues and company sizes.
