Climate change related threats to business polled higher than concerns over populism, terrorism and access to captial in the latest PwC global CEO survey.

Two thirds (64 per cent) of UK CEOs see climate change as a threat to their business, with a quarter (25 per cent) extremely concerned.

Kevin Ellis (pictured), chairman and senior partner of PwC, said: “The impact of climate change has soared up the CEO agenda. CEOs see the impact across all aspects of business, from assets and investments to products and jobs. They are facing pressure from their consumers to play their part. This means boards need to assess their strategies, risks, and business models. Achieving net zero by 2050 will demand innovation and transformation at an unprecedented scale and speed and will require business to take positive action.”

Over half (51 per cent) agree that climate change initiatives will lead to significant new product and service opportunities. Furthermore, almost three-quarters (74 per cent) of UK CEOs - and a similar proportion of global CEOs - believe that their response to climate change initiatives will provide a reputational advantage for their organisation among key stakeholders.

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