With COP 28 starting later this month, there is significant support for new ESG (environmental, social and governance) initiatives among CIOs.
Cloud connectivity provider Expereo gauged the attitudes of 650 global CIOs across Europe, North America and Asia, in some of the world’s largest organisations (with a minimum company turnover of $500m).
Globally, 31% of global CIOs cited ESG and climate change as the factor that is most influencing their attitude towards technology investment in 2024.
ESG and climate change was followed by changes in the way businesses work, such as hybrid working (28%), increasing supply chain issues (27%), and the increasing security threat landscape (27%).
In Europe, ESG and climate change was the top influencing factor, but, at 29%, was sightly lower than the global average. The next top influences were cost factors (29%), the increasing security threat landscape (28%), and geo-political factors (26%).
In Asia, 32% deemed ESG as a top influencing factor, but changes to working patterns was the top one, with 34% citing it.
In the US, ESG and climate change was also cited by 32% of CIOs, but was also behind working patterns, with 33% there mentioning them.