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Climate Adaptation

More Australian Executives See Tipping Point on Climate Change

  • Nearly all surveyed already see an impact on their business
  • Australia has committed to net-zero emissions by 2050
A freight train transports coal in Gunnedah, New South Wales, Australia.

A freight train transports coal in Gunnedah, New South Wales, Australia.

Photographer: David Gray/Bloomberg

More Australian business leaders think the world is at a tipping point in responding to climate change, a survey showed.

Two-thirds of those questioned expect climate change to have a high or very high impact on their organization’s strategy and operations over the coming three years, according to the 2022 Deloitte CxO Sustainability Report released Monday in Sydney. The proportion saying that the world needs to act now rose to 74% from 52% just a few months earlier, the report showed.