Sustainability

Deloitte CXO survey highlights sustainability's impact on business and why processes matter

BlogBusiness Excellence

C-level business leaders say 97% of their companies have been negatively impacted by climate change and half say supply chain and business models have been disrupted, according to a Deloitte survey.

Deloitte's 2022 CXO Sustainability Report: The Disconnect Between Ambition and Impact surveyed 2,083 CXOs across 21 countries. The upshot is that enterprises will need to form new processes and integrate sustainability into overall operations.

Although businesses are at different stages in climate strategies, Deloitte argued in its report that all companies are going to need to form plans that begin with smaller efficiency steps.

Deloitte's report echoes what has been said among Celonis customers, who have emphasized how smaller actions can help you reach larger sustainability goals. Consider:

Almost all respondents to a Deloitte CXO survey said that their business operations have been impacted by climate change.

Among Deloitte's recommendations:

  • Embed climate considerations into every part of the business. Climate change "requires a fundamental business model transformation, with implications for procurement, talent, supply chain, product development, customer relationships and more. This necessitates new processes, as well as a shift in mindset throughout a company’s workforce, its suppliers, and its customers," said Deloitte.

  • Approach climate metrics like you would other operating metrics to assess performance, risk and opportunities.

  • Collaborate with suppliers, business partners, clients, governments and regulators to name a few.

  • Create processes for carbon footprint reporting.

  • Align short-term goals with long-term net-zero target dates.

Larry Dignan mugshot 2022
Larry Dignan
Editor in Chief

Larry Dignan is Celonis Media’s Editor-in-Chief. He is the former Editor in Chief of ZDNet and has covered the technology industry and transformation trends for more than two decades, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine.

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