It is increasingly obvious that the earth’s climate is at a tipping point. Frequent and increasingly dangerous extreme climate events pose a threat to global supply chains as well. In a recent study, 49% of CEOs surveyed said that these interruptions were the biggest physical threat they faced due to climate change.1
Globally, companies are accelerating their environmental responses. Placing the climate at the center of their strategy is no longer a choice, but a necessity. The challenge lies across the environmental, social, and governance (ESG) spectrum. Other global events have also focused attention on sustainability and climate change. According to the United Nations Global Compact (UNGC)–Accenture CEO study, 72% of global CEOs said that sustainability remains an immediate priority in the continuing fallout of COVID. Indeed, more than half (57%) of CEOs in the study said climate action was a “priority” in their recovery from the pandemic.2