Senior business executives and their possible successors agree that “social and environmental value should be focused on, over shareholder value,” according to a study on business leaders’ perspectives on scarcity in natural resources.
The study, by the Nuremberg Institute for Market Decisions and St. Gallen Symposium, surveyed 650 “leaders of tomorrow” – and 250 senior executives from “the world's highest-grossing companies.” They found 92% of senior business executives and 81% of the 'leaders of tomorrow' agree that “promoting natural resource conservation must be prioritised, even if it slows down economic growth in the short-term.”
The researchers reported that 83% of the young business people and 68% of the senior leaders believed that “environmental and social value should be more important than shareholder value”.
They went on to say both groups in the study saw the scarcity of natural resources as creating an opportunity for businesses within catalysing “sustainable transformation processes”, with 72% of the 'leaders of tomorrow' and 69% of senior executives in agreement.
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