Climate change ‘is biggest risk factor for businesses’ say CEOs

Survey by KPMG highlights chief executives’ growing concern over the impact of climate change, with 76% claiming their organisations’ future growth depends on their ability to navigate the shift to a low-carbon economy.

Image: Ben Gingell/Shutterstock
Big businesses now see climate change as the biggest risk they face, according to research out this week.
A global survey of chief executives by professional services firm KPMG now places climate as their major risk factor—the first time this has happened in the half-decade the poll has been taking place.
According to KPMG, 76% of CEOs said their organisation’s growth would “depend on their ability to navigate the shift to a low carbon, clean technology economy”.
It added: “Societal concerns over climate change mean that stakeholders—from customers to regulators—are putting increasing pressure on organisations and their
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda