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Corporate Danish leaders ahead on sustainability and climate

State of Green
By State of Green, April 27, 2021

Danish CEOs are outperforming their global peers when it comes to climate, green investments and prioritising sustainability and the environment in corporate governance. They feel a greater environmental responsibility with readiness to invest in climate actions, according to PWC’s 24th Annual Global CEO Survey.

Over the years, Danish companies have positioned themselves amongst the globe’s most sustainable. In the annual ranking by Corporate Knights of the world’s most sustainable corporations, Danish companies such as Ørsted, Vestas, Chr. Hansen, Novozymes, and Novo Nordisk are amongst the top leaders. But the green identity also goes beyond the well-known players.

According to PWC’s 24th Annual Global CEO Survey, green efforts are front and centre amongst a large share of Denmark’s corporate leaders who generally express a great amount of inclination to take corporate responsibility for climate change and the environment.

Related news: The most sustainable company in the world is Danish

 

Sustainability is a part of the corporate DNA

Based on a widely adopted thinking that green efforts should be a top-line agenda within both the public and private sector, the survey shows Danish CEOs are amongst those most willing to invest from a sustainable outset.

More precisely, seven in ten corporate Danish leaders say that climate change needs to be a core political and corporate priority whereas just one-third of the global counterparts believe that it is both a political and corporate responsibility. In this vein, seven out of ten corporate leaders in Denmark also seek to enhance long-term ESG integration in their investments (Environmental, Social and Corporate Governance). Globally, 60 per cent of top leaders are expected to adjust their investment portfolios towards sustainability and ESG over the coming three years.

Related news: Sustainability is becoming a part of Danish private sector DNA

While the survey shows a corporate green headway amongst Danish peers, there is still room for improvement. When asked how to prepare for future external risks, just 59 per cent of the Danish CEOs express that climate is part of their risk management activities. In comparison, 40 per cent globally explicitly list climate as part of their risk assessment.

Find PWC’s 24th Annual Global CEO Survey here.

Photo by Kate Chenkova on Unsplash

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