Sustainability and ESG Survey Report
EY released the executive sustainability and ESG survey report, which aims to provide their opinions and actions of Fortune 1000 managers on sustainability and ESG.
The survey involved more than 500 executives at companies with annual revenues of more than $1.5 billion. 91% of the respondents are members of the company’s top management (C-suite Leadership), among which CEO, CFO, COO and CTO account for the highest proportion.
Executives’ Opinions on Sustainability and ESG
Regarding the importance of sustainability and ESG, 87% of executives attach essential attentions to them. More than half of respondents are developing sustainability plans for their companies, and 82% have carbon reduction measures and net zero targets in place. Sustainability and ESG policies are considered the top concerns of stakeholders by more than 40% of respondents.
In terms of specific measures, 61% of the respondents said that employee health and welfare are important to the company’s development, 58% are strengthening the economic impact, and 87% support the diversity in the workplace. In terms of ESG disclosure, 48% of the respondents have begun to pay attention to relevant indicators and reporting standards, and 84% are ready to take action.
In terms of participation, 81% of the respondents have set up a Chief Sustainability Officer (CSO) to focus on formulating sustainable strategies related to the company’s long-term development. More than a third of CSOs report directly to the CEO, reflecting the deep involvement of executives in ESG strategy. Additionally, 90% of respondents already have boardroom oversight of the sustainability and ESG agenda, and 86% have approved ESG collaboration within the industry.
Related Post: Deloitte Releases 2022 Sustainable Development Action Report
Reference:
EY Survey: Executives’ Views on Sustainability & ESG
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