54% of Indian CEOs Embrace ESG in Response to Global Uncertainty

In a recent report by KPMG, over half of Indian CEOs (54%) have recognised the importance of incorporating ESG (Environmental, Social, and Governance) into their business strategies due to rising global tensions.

The report surveyed over 1,300 CEOs, including 125 from India. It found that geopolitical concerns and political instability are now the top risks for business growth in 2023, a change from the previous year. Despite these challenges, Indian CEOs are increasingly confident in the global economy, with 69% expressing optimism for 2023. They also have faith in their own companies, with 71% expecting growth.

Indian CEOs are committed to addressing environmental issues and anticipate significant returns from ESG initiatives. They share concerns about ethical issues in AI but are increasing AI investments. Workplace dynamics are evolving, with CEOs considering linking office attendance to incentives. Many anticipate a predominantly in-office work model in the coming years. The report also highlights slow progress in diversity and inclusion, an issue that concerns CEOs in India and globally.