PwC released the results of its 14th annual Global CEO Survey focused on sustainable growth. The research was conducted with 1,201 business leaders in 69 countries and also included further, in-depth interviews with 31 CEOs to gain a better understanding of those issues.
In this year’s survey, nearly half of CEOs said they would change their companies’ strategies within the next three years because they expect stakeholders to factor companies’ environmental and corporate responsibility practices into purchasing decisions (see figure). Companies are planning to adapt their offerings—or develop entirely new ones—to address society’s changing sentiments. They’re also planning to answer questions about their environmental and corporate responsibility practices—which includes the practices of their suppliers—to stay in their customers’ good graces.
“Most corporations want to do the right thing. They want to be responsive regarding energy use. The people we’re hiring expect us to be. They want to work for a company that has a value system built around sustainability. I don’t think you need government regulation to drive it.”
– Stephen A. Roell Chairman and Chief Executive Officer, Johnson Controls