A new PwC survey reveals that Irish CEOs are becoming less concerned about climate change risks, but investments in climate-friendly initiatives are lagging behind global trends.
The number of Irish company CEOs concerned about climate change risks has decreased by 20 percentage points in the last three years, according to a new PwC survey. The 2025 Irish CEO Survey, involving 82 Irish business leaders and 5,000 global counterparts from 109 countries, reveals that 76% of Irish CEOs are concerned about climate change risks, down from 96% in 2022.
However, less than a third of Irish participants say climate change investments have resulted in increased revenues in the past five years, while 3% report a reduction in revenues. Only 10% have seen cost reductions, compared to over half who claim climate change initiatives have increased costs. These figures lag behind global trends, where 18% have experienced cost reductions and 36% have faced cost increases.Furthermore, 29% of Irish business leaders admit to not making climate-friendly investments in the past 12 months, similar to the 26% globally. Despite these climate concerns, Irish business leaders are optimistic about the economic outlook. Almost three-quarters expect Ireland's economic growth to improve over the next year, up from 50% last year, compared to the lowest points in 2020 when only 16% anticipated economic growth. Similarly, 62% believe global economic growth will improve, up from 35% last year.Regarding jobs, 45% of Irish CEOs anticipate headcount increases of 5% or more in the next 12 months, a slight decrease from last year's 53%, but still significantly higher than the 12% who expect headcount reductions. Irish business leaders identify several key risks, with macroeconomic volatility topping the list (93%), followed by a shortage of workers with essential skills (91%). Other significant concerns include inflation (89%), geopolitical conflict (88%), cyber threats (88%), and technological disruption (87%). Regarding generative artificial intelligence (GenAI), 87% of Irish CEOs report either stable or increased headcounts in the past year due to the technology, matching global trends. 44% of Irish CEOs report efficiency gains in employee time, trailing behind the global figure of 56%, and down from 69% last year. While less than a third believe revenue has increased due to GenAI, and only 24% report increased profits, half are optimistic about its future impact on profitability in the coming year
CLIMATE CHANGE INVESTMENTS ECONOMIC OUTLOOK IRELAND BUSINESS LEADERS GENAI
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