Global Corporate Survey 2023: ESG Funding Priorities And Drivers By Region

Report

Corporate Sustainability Leaders

Jessie Wilson

Kim Knickle

16 Nov, 2023

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Executive Summary

Global regulations related to ESG and sustainability are transforming how firms allocate their budget and spending patterns. The growing demands from stakeholders are compelling CEOs and CSOs to establish and update sustainability strategies – not only to adhere to strict reporting standards, but also to enhance the quality of their voluntary disclosures. This report serves as an essential resource for firms seeking to refine their business strategies and gain a deeper understanding of the ESG landscape. It offers insights into the factors driving the market, areas of investment priority, and the key regulations and frameworks shaping ESG and sustainability investments on both a regional and global level.

Table of contents

Mandatory and voluntary ESG and sustainability reporting are top priorities globally, but CEO vision is key
Voluntary reporting continues to be a key focus, and anticipation of a SEC ruling carries weight across the regions
Surge in global funding is triggered by the abundance of ESG regulations
CEO vision is driving ESG and sustainability commitment

Table of figures

Figure 1. Significant rules and frameworks globally
Figure 2. Top priority rules and frameworks to increase ESG and sustainability spending regionally
Figure 3. Funding priorities for processes globally
Figure 4. Top ESG and sustainability funding priorities by region
Figure 5. Drivers behind increased commitment to ESG and sustainability globally
Figure 6. Top drivers of ESG and sustainability commitment by region

Organisations mentioned

CDP, Global Reporting Initiative (GRI), Harvard University, International Financial Reporting Standards (IFRS), Science Based Targets initiative (SBTi), US Securities and Exchange Commission (SEC)

About the Authors

Jessie Wilson

Industry Analyst

Jessie is an Industry Analyst at Verdantix, with a research agenda spanning ESG reporting, the circular economy and supply chain sustainability. Jessie has a BSc in Geography ...

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Kim Knickle

Research Director

Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a...

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