Doha, Qatar: Investing in renewable energy, socially inclusive policies, and responsible business practices not only drives long-term value but also attracts the next generation of talent, positioning organisations for enduring success.
“As we look to the future, Environmental, Social, and Governance (ESG) will be a cornerstone of sustainable growth,” noted Imad Dakik, Partner, Advisory, Head of ESG at KPMG in Qatar in the 2024 Qatar CEO Outlook.
Qatari CEOs are committed to embedding Environmental, Social, and Governance principles into their strategies with 52 percent expecting measurable returns on ESG investments within three to five years. Another 36 percent foresee benefits in five to seven years, reflecting a medium-term view of ESG as a growth enabler.
A smaller group (12 percent) expects returns within one to three years, indicating confidence in shorter-term outcomes for some.
“Over the next three years, ESG efforts are anticipated to have the greatest impact on attracting the next generation of top talent (36 percent). Inclusion, diversity, and equity (IDE) are also taking center stage, with 76 percent of CEOs expecting increased scrutiny on diversity performance.
While 80 percent believe gender equity and senior-level diversity are vital for growth, only 28 percent are satisfied with the progress so far, Dakik added.
About 76 percent of CEOs recognise their role in driving social mobility, aligning corporate goals with societal priorities. However, concerns persist, with 40 percent expressing reservations about using mandated quotas to achieve sustainable
diversity.
CEOs are enhancing ESG disclosures and integrating sustainability into their corporate strategies. Talent and workforce transformation remain key priorities, with business leaders emphasising the importance of upskilling and leadership development to attract and retain top talent.
