CEOs say they still believe in the importance of environmental, social, and corporate governance (ESG) programs, but they're willing to put them on the back burner for a while because of economic pressures, according to a new study from KPMG. The "KPMG CEO Outlook," which came out this month, is based on interviews with 1,325 global CEOs.
The study found that, as economic uncertainty continues, 50 percent of participants are pausing or reconsidering their existing or planned ESG efforts over the next six months, and 34 percent already have done so. This pause represents the first major loss of momentum for ESG programs since they began sweeping through large companies like a tornado in recent years.
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Greg Andrews
Greg Andrews is the editor overseeing ALM Media's coverage of corporate legal departments. He previously was editor of Indianapolis Business Journal and business editor of The Indianapolis Star. Contact him at [email protected]. On Twitter: @Greg_Andr
