The challenging macroeconomic environment is prompting enterprises to deprioritise investing in environment, social and governance (ESG) initiatives in favour of activities that will deliver shorter-term revenue growth.
So much so, ESG initiatives have gone from being the top organisational priority for enterprises across the world in 2022 to a number-three priority this year – as firms find themselves under pressure to cut costs.
That’s according to the second annual Google Cloud-sponsored sustainability survey, which polled 1,476 top-level executives from 16 countries about their company’s ESG investment priorities.
