Preparing for CSDDD
The Corporate Sustainability Due Diligence Directive (CSDDD) obliges large companies to identify, mitigate and, where necessary, remedy human rights and environmental impacts in their operations and ‘chain of activities'.
In early 2020, Mazars decided to initiate a new C-suite barometer. We wanted to assess the views of C-suite leaders around the world on their activities and outlook for the coming year, understand how they manage and prioritise short- and long-term initiatives.
It was our intention for the survey to form a baseline of data against which we could track how these views evolve in subsequent surveys in coming years.
Unintentionally, however, we ended up capturing a snapshot of something else: how international business leaders were responding to the most severe pandemic in over a century.
Mazars’ 2020 C-suite barometer is a comprehensive report of business executives’ views and outlook for 2021, based on insights from over 500 C-suite leaders around the world.
Overall, the research shows a surprising level of optimism amongst the C-suite. Despite the tough environment, the majority (58%) expected to end 2020 with revenue higher than in 2019. When considering 2021, executives were even more positive: over 70% expected higher revenues than in 2020.
This is not to disregard the suffering: the impact of the Covid-19 crisis is evident in the 35% who said their revenue would be lower than it was in 2019. We also found a more negative outlook from the 40 additional respondents in the Q4 pulse survey, with more executives concerned that their revenue will fall in 2021 than previously.
Read our new report do discover more:
Full report and spotlight articles below.
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