How CEOs can accelerate progress on climate risks

In this video, PwC Global Reporting Leader Nadja Picard sheds light on some compelling findings from PwC’s 26th Annual Global CEO Survey and 2023 Global Investor Survey—namely, a persistent gap between investors’ expectations on climate-related actions and CEOs’ progress on those actions. “It starts with a difference in risk perception,” says Picard. “CEOs see climate change as less urgent than investors do.” Consider the following disparity: 22% of the investors PwC surveyed believe that the companies they cover will be highly or extremely exposed to climate change in the coming year. The share of CEOs who said the same thing about their own company? Just 14%. That perception gap translates into an action gap. Whereas 75% of investors say that reducing emissions is effective, only 65% of CEOs say they’re pursuing that course. “There is work to be done to close that gap,” says Picard. Watch to find out some key steps executives should take.