54% of Global CEOs are Committed to Decarbonizing Their Business to Reach Net Zero: EY Survey

The EY CEO Outlook Pulse survey reveals that CEOs are currently prioritizing AI transformation for productivity gains, while also aiming for net-zero emissions and new revenue streams in the longer term. They recognize the need to balance financial value for shareholders with meeting societal demands for sustainability. Over half of CEOs globally see sustainability issues as a higher priority than they did a year ago, highlighting a growing awareness of the importance of sustainability. However, there is a misalignment between CEOs and institutional investors, with a greater focus on short-term financial returns. The report suggests that collaboration between businesses, investors, and policymakers is crucial to accelerate the transition to a sustainable, net-zero future. In terms of mergers and acquisitions (M&A), CEOs and institutional investors have a positive outlook for 2024. More CEOs are looking to make acquisitions, while divestitures are also being planned. The majority of institutional investors anticipate a stable deal environment, with a significant portion expecting an acceleration of deals. This indicates a renewed confidence in growth and profitability among CEOs, with a willingness to navigate external challenges and explore strategic opportunities through M&A activities. Resources: https://esgnews.com/54-of-global-ceos-are-committed-to-decarbonizing-their-business-to-reach-net-zero-ey-survey/