· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on FinTech Global or enjoy below:
🗞️ Driving the news: A recent survey by KPMG reveals that a majority of American CEOs are optimistic about achieving financial returns from their sustainability investments within 3-5 years
• Despite challenges like inflation and supply chain disruptions, these leaders prioritize ESG initiatives at the forefront of their business strategies
🔭 The context: The survey interviewed 100 CEOs from companies with revenues over $500 million, focusing on the primary challenges and opportunities that could affect business growth
• Sustainability, cost management, digitization, and supply chain resilience were identified as key areas of focus
🌍 Why it matters for the planet: CEOs are positioning environmental, social, and governance (ESG) efforts not just as compliance measures but as central to business success
• These initiatives, enhanced by data analytics and GenAI, aim to produce measurable impacts and integrate sustainability deeply into business operations
⏭️ What's next: The surveyed CEOs foresee not only a profitable future from ESG activities but also potential economic growth and workforce expansion in the U.S
• They are also committed to ethical GenAI usage, ensuring transparency and privacy in consumer interactions
💬 One quote: "CEOs are going beyond checking the compliance box on sustainability, they’re making it a core business imperative, leveraging cutting-edge data and AI capabilities to drive real-time strategies with measurable impact," said Rob Fisher, ESG Leader, KPMG US.
📈 One stat: 55% of the CEOs expect significant returns from their sustainability investments within the next 3-5 years
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