CSOs say commercial momentum will drive climate progress – despite significant geopolitical uncertainty

The World Economic Forum's Chief Sustainability Officers Outlook, has been published, and finds a global transition showing clear signs of progress backed by commercial and technological momentum despite significant drag from geopolitical fragmentation and marked scrutiny on short term performance.

The inaugural survey, conducted as escalating conflict in the Middle East disrupted the Strait of Hormuz and rattled global markets, sees CSOs navigating the geo-economic volatility with more conviction than caution. Some 63% expect global sustainability progress to hold steady or accelerate over the next 12 months, and three in four expect companies’ transition related investment to do the same driven by a clear economic argument (64%) and increasingly applicable technologies (56%).