ESG & Investing
Executives Are Backing Away From ESG as Recession Risks Mount
- More than 80% of CEOs expect contraction in next 12 months
- ESG efforts are encountering ‘increasing financial pressure’
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Chief executive officers are putting a number of ESG goals on hold as they try to prepare their businesses for the fallout from a possible recession, according to a study conducted by KPMG.
About half of CEOs surveyed “are pausing or reconsidering their existing or planned ESG efforts in the next six months,” KMPG said. Roughly a third “have already done so,” it added.