Climate change is the main risk to organizational growth, say company CEOs. That’s the finding of a study conducted by KPMG, a global network of accounting firms. CEOs ranked climate change ahead of technological disruption, return to territorialism, cyber security and operational risk.
KPMG surveyed 1,300 CEOs in 11 markets and 11 industry sectors. Seventy-six percent of those surveyed said organizational growth will depend on their ability to navigate a shift to a reduced-carbon, clean-technology economy. More than 80 percent of energy company CEOs said they're leading the technology strategy for their organizations. Seventy-nine percent said they’re placing more capital investment in buying new technologies to improve their organization's resiliency.
Organizations are considering ways to incorporate a mix of energy sources, comprised of both fossil fuels and renewables, said Regina Mayor, global and U.S. sector leader for energy and natural resources at KPMG. Visit home.kpmg for more information.