Survey: U.S. CEOs Rethink ESG Amid Recession Worries

With some talk of a looming recession, many corporate leaders are rethinking their environmental, social, and governance (ESG) initiatives, according to a recent survey by accounting firm KPMG.

E&E News reports that one-third of surveyed U.S. CEOs said they had already paused or reconsidered such initiatives. Another 59% said they plan to take those steps soon, despite that 70% said they had seen ESG programs improve their company’s financial performance.

On climate change programs, nearly a third of CEOs cited the “complexity of decarbonizing supply chains” as their biggest barrier. 10/19/2022