Much of the discussion surrounding environmental, social, and governance (ESG) disclosures has focused on reporting requirements and calls from potential investors for reliable information.
Organization leaders, however, have other considerations top of mind. Asked to identify the biggest downside of failing to meet ESG expectations, CEOs most often cited “higher cost of and/or difficulty in raising finance" and “recruitment challenges” in a new CEO survey.
The KPMG 2022 CEO Outlook survey featured 1,325 CEOs in 11 jurisdictions across 11 industries. Twenty-two percent of CEOs in the KPMG survey named “recruitment challenges” as the biggest downside of failing to meet ESG expectations, second only to financing concerns (25%). Read more.