The 2023 Sustainable Value Study by EY reveals a troubling trend in corporate sustainability, particularly in climate action. Surveying 520 Chief Sustainability Officers (CSOs) across industries and countries, key findings include a 20% decrease in greenhouse gas emissions reduction (down from 30%), a drop in climate actions from an average of 10 to 4, and an extension of climate goals deadlines to 2050 from the previous target of 2036. Another EY survey of finance leaders indicates that despite sustainability being a top investment priority, economic pressures lead to budget cuts.
The report highlights a growing divide between climate action leaders and laggards, with only 34% of respondents expecting increased spending on climate initiatives, down from 61%. Despite the slowdown, over half of the companies report exceeding financial and brand value expectations from their climate efforts.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}