In 2021, Gartner's annual survey of CEOs and other senior business executives recorded environmental sustainability as a top-10 business focus for the first time. In 2023, sustainability tied for 7th place (vs. 8th place in 2021). Meanwhile, McKinsey reports that about 85% of chief investment officers view environmental, social and governance (ESG) as an important factor in their investment decisions. And a 2022 study found that 66% of Americans and 80% of young Americans (ages 18-34) are willing to pay more for sustainable products.
Brands are largely missing this opportunity....