To look at the hyperlink between monetary efficiency and local weather motion, our survey requested CEOs to offer their firm’s revenue margin through the earlier fiscal yr, their firm’s revenue-growth charge through the earlier fiscal yr, and the extent to which their firms have taken numerous local weather actions, reminiscent of innovating new climate-friendly merchandise or applied sciences, or promoting merchandise, companies, and applied sciences that assist local weather resilience. (We collected this info with separate questions, in order to cut back the chance that respondents would possibly skew their solutions to 1 query to line up with their solutions to a different.)
Then, we used superior statistical strategies to search for correlations between unbiased variables. The evaluation went past dividing CEOs into teams (say, these with excessive ranges of local weather motion and people with low ranges) and evaluating responses (reminiscent of common revenue margin) inside these teams. Rather, we eliminated the consequences of different components—reminiscent of business composition, firm dimension, and geography—that might have defined the variations amongst teams. By doing so, we will higher measure the precise results of local weather motion on monetary efficiency.
