We got chance to read the research KPMG 2022 CEO Outlook, which asked more than 1,300 CEOs at the world’s largest businesses about their strategies and outlook, reveals that 58 percent of leaders expect a recession to be mild and short. Fourteen percent of senior executives identify a recession among the most pressing concerns today — up slightly from early 2022 (9 percent), while pandemic fatigue tops the list (15 percent).
This is a fantastic news!!
Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon
- Hiring freezes and headcount reductions under heavy consideration for CEOs
- Uncertainty fueling long-term digital transformation : While current uncertainty is driving CEOs to continue to prioritize digital transformation, 40 percent of businesses have paused their digital transformation strategies and another 37 percent plan to take such steps in the next 6 months.
- Evolving focus toward reputational and technological risks : Emerging and disruptive technology has landed as the top risk to business growth over the next 3 years. In addition, CEOs have identified several other areas as top risks to growth: reputation, regulatory and operational issues, and climate change.
- Cyber security no longer corporations’ biggest threat, with more companies prepared for attacks. Cyber security has dropped from the top 5 risks to growth over the past year, with only 6 percent of CEOs naming it as their top risk (17 percent in February 2022).
- Stakeholder pressure increasing accountability in ESG : More than one-third (38 percent) of CEOs say their organizations struggle to articulate a compelling ESG story. Nearly three-quarters of respondents (72 percent) also believe that stakeholder scrutiny of ESG issues — gender equality, climate impacts etc. — will continue to accelerate.
- Economic pressure slowing ESG ambitions : Global CEOs recognize the importance of ESG initiatives to their businesses, especially when it comes to improving financial performance and driving growth. In fact, 69 percent of senior executives noted greater demand from stakeholders for increased reporting and transparency on ESG — 58 percent in 2021.
If you are looking for answers I would like to invite you to join us on October 13th for our #WICxUNGA 2022 Signature Summit event presented by KPMG!
The 2nd annual #WICxUNGA 2022 Summit is bringing together business, tech and community leaders for enriching and inspiring discussions about the future of ESG+T and UN 2030 Goals.
The agenda includes keynotes, in-depth fireside chats, interactive panels plus power talks with some of the top names in tech and leading experts including Kim Folsom – CEO & Founder of Founders First Capital Partners, Erika Murdock Balbuena – Head of ESG at Robinhood, Colleen O’Brien – CMO at Armoire, Andrea Perkins – Vice President at Insight Enterprise, Tegan Keele – IMPACT Climate Data & Technology Leader at KPMG, Gena Goh – Channel Inclusion & Impact Senior Strategy Lead at Microsoft and many more.
What can you expect at #WICxUNGA virtual event?
- Keynote on ESG plus T Mega Trends
- CLevel ESG Fireside Chat: Exploring Your Career: An Executive’s Journey Leading ESG Narratives
- CXO Panel: ESG plus T: Tech as ESG Issue, Risk and Value Influencer
- Power Talk: Differentiate and Grow your Business Microsoft #BuildFor2030 Hackathon 2022
- Own Your Narrative Bootcamp: ESG=T Focused Personal Brand Building
- ESG+T Advisory Roundtable Discussions
KPMG and Meylah has total of 30 virtual scholarship tickets and available at no cost with the code “WICxESG”. Please feel free to share this special invite and promo code with your colleagues, or community network.