CEOs prioritize sustainability even if short-term profits decrease: PwC report

CEOs are ready to make expenditures that address environmental, social and governance (ESG) issues even if doing so reduces short-term profitability, according to the PwC’s 27th Annual Global CEO Survey. 

It noted that CEOs are reevaluating their priorities, focusing on climate change. Around one-third of CEOs anticipate changes in how their companies create, deliver, and capture value due to climate change, indicating a shift in perspective compared to previous years.