KPMG study | Recession fears are putting ESG plans on hold

Chief executives across the globe are planning to put their eco initiatives on hold as fears of an impending recession grow.

A new KPMG study uncovered that of over 1,300 chief executives across the globe 86% of these CEOs believe that there will be a recession over the next 12 months. 76% of these people have already plans in place to deal with the potential economic downturn and, it seems, ESG initiatives may be among the first things to be culled as a cost-cutting measure.