Report: Sustainability is a top 10 priority for CEOs this year

A new survey of CEOs and senior executives by Gartner, Inc. disclosed significant shifts in their pondering relating to individuals, function, price ranges and productiveness in 2022, particularly on matters of sustainability, workforce challenges and inflation.

Among the the crucial findings, artificial intelligence (AI) is now claimed as the most impactful new technological know-how amongst CEOs for the 3rd yr in a row. Conversely, 63% of CEOs see the metaverse as both not relevant or really not likely to be a important engineering for their business.

Also, for the very first time in the background of the survey, CEOs placed environmental sustainability in their top rated 10 strategic business priorities, coming in at 8th location. Practically a few-quarters of CEOs agreed that expanding environmental, social and governance (ESG) initiatives attracts investors toward their organizations. Sustainability also appears as a competitive differentiator for CEOs in 2022 and 2023, on the same stage as model belief between respondents.

Workforce issues, such as talent retention, moved up in precedence for CEOs for the next calendar year in a row, only slightly powering engineering-linked concerns these as digitalization and cybersecurity, and noticeably forward of economical issues these kinds of as profitability and income circulation.

Concerning inflation, 62% of CEOs see common value inflation as a persistent or extensive-expression situation. Their major reaction to inflation is to raise rates (51% of respondents), rather than responding with efficiency and performance (22% of respondents).

General, CEO views shifted appreciably in 2022, impacted by the ongoing results of the pandemic and far more just lately the Russian invasion of Ukraine. On the other hand, CEOs’ digital small business ambition continues to increase, unabated by the pandemic and relevant crises.

The annual Gartner 2022 CEO and Senior Company Government Study was conducted in between July 2021 by December 2021 amid above 400 CEOs and other senior small business executives in North The us, EMEA and APAC across distinctive industries, revenue and firm dimensions.

Study the entire report by Gartner.