Despite the turbulent landscape faced in recent years, our barometer revealed a fighting spirit amongst leaders globally and in the UK for 2023.
Optimism in the face of ongoing challenges
Despite acknowledging the importance of a diverse workforce, true equity remains elusive in many companies, with little progress in terms of gender diversity among top decision-makers.
Discover more
The results signify the importance of ESG on the C-suite agenda, however, there is not a huge change from last year’s survey results.
Investing in a sustainable future
Transforming company IT/technology is the top strategic priority for leaders over the coming three to five years. The emergence of new technology is expected to have a big impact on their business, and they recognise the importance of technologies such as artificial intelligence, automation, big data and Web3.
Embracing a digital world
Download the report
Bold leadership for a sustainable future
Mazars C-suite barometer
Top trends expected to have the biggest impact on companies in 2023
Based on insight from more than 800 executives from 27 countries, we uncover what business leaders across the globe really think amidst a backdrop of inflation and economic instability, increasingly complex rules and regulations, growing energy prices and geopolitical tensions in our latest C-suite barometer 2023.
Download
the report
The external trends expected to have the biggest impact on businesses this year are: economic trends, including inflation and higher cost of living; energy prices and/or shortages; and the emergence of new technologies.
Economic trends including inflation/higher cost of living
Energy prices and/or shortages
Emergence of new technologies
UK - 35%
UK - 33%
Bold leadership
for a sustainable future
Mazars C-suite barometer
Want to know more?
Mark Kennedy
Contact
Partner & Group Executive Board Member
Download the report
Download the report
Download the report
Globally have a positive outlook for growth in 2023.
86%
Of UK C-suite executives have a positive outlook for growth in 2023.
90%
94%
...are confident they can manage these risks.
The UK looks to be ahead of global peers when it comes to producing sustainability reports and 75% of UK respondents have already budgeted costs for ESG strategy and reporting. However, UK leaders note a higher concern for data quality. Addressing this will be key to the reliability and credibility of reporting, which can be an important differentiator for UK businesses.
While there has been an increase in businesses implementing structured programmes to address the issue, the desired results are not there.
A quarter of leaders also say a new or revised talent attraction and retention strategy is a strategic priority and know the inability to attract a skilled workforce could hold back their company’s growth.
“To shape a sustainable future, for both their business and wider society, the C-suite are increasingly investing in technology and sustainability.
With uncertainty the norm for the foreseeable future, they need to continue to be bold today, to achieve sustainable success tomorrow.”
Mark Kennedy,
Partner & Group Executive Board Member, Mazars
Impact of external trends over next 12 months
Half of UK C-suite executives feel the cyber security risk has increased over the last 12 months, but...
Global - 40%
Global - 35%
Global - 31%
Of leaders globally are most confident in their ability
to manage emerging technologies.
54%
Of business globally are least confident managing geopolitical instability.
23%
Of businesses globally feel confident managing energy prices/shortages.
27%
Do not expect global energy costs to drop before 2024.
37%
Of UK executives expect their organisation’s energy costs
to increase in 2023, 11% higher than leaders globally.
87%
UK - 37%
Already produce
a sustainability report
Say they feel totally ready for new
ESG reporting requirements.
Admit data quality
and tracking to
be the biggest challenge when producing a sustainability report.
36%
Global
37%
UK
37%
Global
53%
UK
65%
Global
75%
UK
Global
Businesses with more than 30% of leadership roles held by women
Businesses considering gender equality a ‘top three’ issue
UK
25%
37%
33%
44%
> Read more
Getting to grips with the current pace
of technological change is a bit of a
double-edged sword.
Technological change as BAU
> Read more
If you ever find yourself wondering if the global economy has lost its mojo in the face of the multiple challenges it currently faces
- we bring good news.
Resilience in the face of adversity
> Read more
Our society is diverse and multicultural. Recruitment processes and behaviours need to reflect this, not only to provide access to a wider pool of talent and to avoid falling foul of the law, but as a fundamental aspect to growing a purposeful and progressive business.
DEI: the right thing to do for people & business
Discover more
Recognising the importance
of diversity and talent
> Read more
Getting to grips with the current pace of technological change
is a bit of a double-edged sword.
Technological change as BAU
> Read more
If you ever find yourself wondering if the global economy has lost its mojo in the face of the multiple challenges it currently faces
- we bring good news.
Resilience in the face of adversity
> Read more
We asked C-suite executives in the consumer sector for their views of the challenges and opportunities that lie ahead.
Unlocking potential in the consumer sector
> Read more
Our society is diverse and multicultural. Recruitment processes and behaviours need to reflect this, not only to provide access to a wider pool of talent and to avoid falling foul of the law, but as a fundamental aspect to growing a purposeful and progressive business.
DEI: the right thing to do for people
& business
Discover more
> Read more
We asked C-suite executives in the consumer sector for their views of the challenges and opportunities that lie ahead.
Unlocking potential in the consumer sector
> Read more
We asked C-suite executives in the mobility sector for their views of the challenges and opportunities that lie ahead.
The road ahead for the mobility sector
> Read more
We asked C-suite executives in the mobility sector for their views of the challenges and opportunities that lie ahead.
The road ahead for the mobility sector
> Read more
The public and social sector is in a time of transformation. Expectations of organisations
in the sector are higher than ever while financial constraints and regulatory burdens are increasing.
A global public and social sector study 2023
> Read more
The public and social sector is in a time of transformation. Expectations of organisations in the sector are higher than ever while financial constraints and regulatory burdens are increasing.
A global public and social sector study 2023
