Report: Sustainability is a high 10 precedence for CEOs this 12 months

A current survey of CEOs and senior executives by Gartner, Inc. revealed important shifts of their considering relating to folks, goal, costs and productiveness in 2022, particularly on issues of sustainability, workforce points and inflation.

Among the many key findings, artificial intelligence (AI) is now reported as essentially the most impactful new expertise amongst CEOs for the third 12 months in a row. Conversely, 63% of CEOs see the metaverse as both not relevant or not possible to be a key expertise for his or her enterprise.

Moreover, for the primary time within the historical past of the survey, CEOs positioned environmental sustainability of their high 10 strategic enterprise priorities, coming in at eighth place. Practically three-quarters of CEOs agreed that growing environmental, social and governance (ESG) efforts attracts traders towards their firms. Sustainability additionally seems as a aggressive differentiator for CEOs in 2022 and 2023, on the identical degree as model belief amongst respondents.

Workforce points, comparable to expertise retention, moved up in precedence for CEOs for the second 12 months in a row, solely barely behind technology-related points comparable to digitalization and cybersecurity, and considerably forward of economic points comparable to profitability and money circulation.

Relating to inflation, 62% of CEOs see common worth inflation as a persistent or long-term subject. Their high response to inflation is to boost costs (51% of respondents), somewhat than responding with productiveness and effectivity (22% of respondents).

Total, CEO views shifted considerably in 2022, impacted by the continued results of the pandemic and extra not too long ago the Russian invasion of Ukraine. Nonetheless, CEOs’ digital enterprise ambition continues to rise, unabated by the pandemic and associated crises.

The annual Gartner 2022 CEO and Senior Enterprise Government Survey was carried out between July 2021 by December 2021 amongst over 400 CEOs and different senior enterprise executives in North America, EMEA and APAC throughout completely different industries, income and firm sizes.

Learn the full report by Gartner.