• 85% of organizations increased sustainability investments in 2024, up from 75% in 2023.
• 50% of CxOs have started using tech solutions for climate goals; 42% plan to do so in two years.
• 45% of executives are transforming their business models to integrate sustainability.

Deloitte’s 2024 CxO Sustainability Report reveals a growing commitment to sustainability, with 85% of CxOs increasing their investments, up from 75% last year. This shift signals climate action’s lasting presence on corporate agendas.

Technology drives progress

Half of CxOs have begun implementing tech solutions to achieve climate goals, with another 42% planning similar steps within the next two years. This tech shift is seen as vital for creating sustainable products and services. “It’s encouraging to see the notable increased investment in sustainability efforts in this year’s data,” said Joe Ucuzoglu, Deloitte Global CEO.

Innovation as a key driver

45% of executives are transforming their business models to prioritize sustainability, recognizing climate change as both a challenge and an opportunity for innovation. Ucuzoglu emphasizes that more organizations are “looking to transform their core business models to address climate change.”

Sustainability fuels business value

92% of leaders believe their companies can reduce greenhouse gas emissions while driving growth. The report shows that sustainability is now seen as a direct contributor to business outcomes like supply chain efficiency and operating margins.

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Despite these advances, progress remains uneven. A “moderate middle” of organizations are taking impactful actions, yet many have room to scale their efforts. Jennifer Steinmann, Deloitte Global Sustainability Business leader, sees potential for growth: “The companies in the moderate middle are primed to take advantage of broader market momentum.“

As climate concerns mount, executives are urged to intensify efforts, using sustainability as a catalyst for business transformation and value creation. The path to a net-zero economy demands more decisive actions from all sectors.

Read the full report here.