78 Percent of Canadian CEOs Prioritizing ESG Due to Regulations: Survey

78 Percent of Canadian CEOs Prioritizing ESG Due to Regulations: Survey
ESG is an investing principle that prioritizes environmental issues, social issues, and corporate governance.Deemerwha studio/Shutterstock
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A large portion of Canadian business leaders are prioritizing environmental, social, and governance (ESG) principles, but most are doing so because of regulatory obligations, according to a new survey.

The survey found that while 29 percent of Canadian CEOs said ESG was their primary operational focus—a number twice as high as the global average—78 per cent of Canadian CEOs said regulatory and reporting obligations was the primary reason for prioritizing ESG.