Global Corporate ESG Survey 2022: Sustainability Drivers And Spend Priorities By Industry

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Executive Summary

A diverse range of stakeholders has accelerated demands for financially material sustainability information and for firms to integrate sustainability into their wider business strategy. New regulations, such as the EU’s Corporate Sustainability Reporting Directive (CSRD) and mandatory reporting requirements aligned with the Task Force on Climate-Related Financial Disclosures (TCFD), are consolidating this shift and changing the way firms view sustainability management. Verdantix sought to find out how firms are adapting their budget allocations and priorities for 2023 in the face of these new market forces. We spoke to 400 senior ESG and sustainability executives to discover the extent to which they believe spending on sustainability initiatives will change in 2023 compared with 2022 (see Verdantix Global Corporate Survey 2022: ESG & Sustainability Budgets, Priorities And Tech Preferences). 

Table of contents

Global Corporate ESG Survey 2022: Sustainability Drivers And Spend Priorities By Industry
Reputational Pressure Pushes CEOs To Drive Corporate Sustainability Agendas
Climate-Related Disclosures Catalyse Rise In ESG And Sustainability Budgets
Spend On ESG Software Will Increase In 2023 In Response To Demand For Audit-Ready, Investor-Grade Data
Consulting Firms Are Gearing Up To Increase ESG And Sustainability Project Capacity
 

Table of figures

Figure 1: Most Significant Drivers Influencing A Firm’s Commitment To Sustainability
Figure 2: Top ESG & Sustainability Funding Priorities 
Figure 3: Sustainability Software Spend Priorities 
Figure 4: Sustainability Services Spend Priorities 
 

About the authors

Luke Gowland

Industry Analyst
Luke is an Industry Analyst in the Verdantix ESG & Sustainability practice. His current research agenda focuses on the ESG reporting and data management landscape, as well as emerging technologies and market trends across industries. Prior to joining Verdantix, Luke worked at research and advisory firm GlobalData, producing ESG research reports for corporate clients. Luke holds an MSc in Sustainability and Management from the University of Bath.

Kim Knickle

Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain sustainability, circular economy, social impact, and sustainable finance. Kim has worked for more than 20 years in the IT industry, providing research and analysis to help companies invest wisely in new technologies. Before joining the analyst industry, she held various roles in IT services, engineering and product safety testing, beginning her career at Underwriters Laboratories, Inc. Kim holds an MBA from Boston University and a BS in Electrical Engineering from Cornell.

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