Over half of S'pore CEOs have pushed sustainability down in their to-do list: Poll

Decarbonisation has taken a back seat among corporate leaders in Singapore, a quarterly survey by EY has found.

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The survey, which polled 1,200 executives across the globe, found that 58 per cent of chief executives in Singapore have deprioritised their focus on sustainability, compared with a year ago.

This is much higher than the 23 per cent of global CEOs who have made the same shift.

Asked why, more than 40 per cent of Singapore CEOs cited challenging economic or financial circumstances; 15 per cent said that sustainability was less of a priority now because of a shift in focus to other priorities.

Only 23 per cent of Singapore CEOs said sustainability was now a higher priority than a year ago much lower than the global percentage of 54 per cent.