Back to Articles | « Previous | Next »
Home » CEOs Are Already Seeing The Impact Of Climate Change, Global Survey Finds

CEOs Are Already Seeing The Impact Of Climate Change, Global Survey Finds

CEOs Are Already Seeing The Impact Of Climate Change, Global Survey Finds

CEOs worldwide report climate change-induced extreme weather events are already affecting their businesses, yet not enough corporate leaders have taken robust measures to prepare for climate-related risks, or set up net zero targets to reduce their emissions.

A key finding from the latest report from Accenture and the United Nations Global Compass—a document published every three years that boasts being the largest ever CEOs survey on sustainability and climate change, quizzing more than 1,200 CEOs across 21 industries and 113 countries—is that the effects of climate change are no longer an abstract possibility, but a reality.

Nearly half of CEOs surveyed globally reported that they are grappling with supply-chain interruptions due to extreme weather events. Half of CEOs in the food and drinks industry are witnessing first hand the disruption of crop production due to shifting weather patterns, and expressed concerns about their impact on global food supplies.

“[CEOs] told us absolutely clearly that the physical risks that they were expecting to see in 2025 or 2030, are happening now,” says Peter Lacy, Accenture’s global sustainability services lead, chief responsibility officer and member of the global management committee, mentioning the wildfires on the West Coast of the U.S. and Australia, floods and droughts disrupting crops, and increasingly extreme weather patterns. “One insurance company CEO told me that there will be regions of the world they simply will not be able to insure very, very soon,” he adds.

Earlier this year, a report from the Intergovernmental Panel On Climate Change calculated that global temperatures have already risen by 1.1 degree Celsius above pre-industrial levels due to human activities producing greenhouse gases, and that extreme weather events are becoming more devastating as a result of this global heating.
Sticker