- 56% of Canadian CEOs say sustainability is a significant challenge, a sharp increase from 31% in 2021
- 59% of Canadian CEOs accept responsibility for business impacts on the environment
- Only 35% of Canadian CEOs feel they have the people and skills needed to execute their sustainability strategy
- 57% of Canadian CEOs rank cybersecurity as their top priority in 2022, up 11% in the face of increasingly costly and frequent attacks
Nearly half (47%) of Canadian CEOs feel their sustainability investments will accelerate business growth. An even larger number (59%) this year accept responsibility for business impacts on the environment, as pressure to act mounts from stakeholders after witnessing a proliferation of corporate sustainability pledges in the last year. CEOs in
When asked whether they felt confident they would achieve their overall sustainability targets, 53% of Canadian CEOs said they were, while 24% said the targets announced by government for their industry are not achievable.
One of the notable challenges when it comes to executing their sustainability strategies appears to be having enough skilled employees to deliver. Only 35% of Canadian CEOs say they have people and skills needed and a mere 21% indicated that their sustainability efforts had any impact on recruiting talent.
Cyber Risk – the only more pressing challenge for businesses
Cyber risk is the only challenge weighing more heavily than environmental sustainability on the Canadian C-Suite, according to those surveyed. Cited as a top priority by 57% of Canadian CEOs in 2022 – compared to 46% in 2021 – cybersecurity awareness appears to be growing ever more important in the face of increasingly costly and frequent attacks, the price tag of which rose to CA$6.75 million per incident on average last year, an all-time high for
An expanding footprint in
"In 2022,
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- A multi-million dollar investment with
Memorial University , theGovernment of Canada and the Government ofNewfoundland andLabrador , to strengthen research and innovation in the region. - The first universal quantum computer for
Canada will be deployed at the IBM Bromont plant inQuebec . - Hiring for more than 1,400 roles within the last six months, with another 700 openings across a range of AI, hybrid cloud and cybersecurity positions.
"The tech industry is driving growth across the Canadian economy, which is a trajectory
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