CEOs overlook climate change in business models: PwC

Over half of CEOs say lower returns from climate-friendly investments hinder their decarbonisation efforts.

Only three in 10 CEOs consider climate change a factor that will drive shifts in their business models over the next three years, fewer than the 56% who said so about technology or the 49% who cited customer preferences, according to a survey by PwC.

The survey, which polled 4,702 CEOs, revealed that 51% see the lower returns on climate-friendly investments as a barrier to decarbonising their company’s business model.

Other factors obstructing decarbonisation include regulatory complexity (54%), lack of climate-friendly technologies in their sector (49%), lack of demand from external stakeholders (47%), and lack of buy-in from their management team or the board (26%).

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