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

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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

About the authors

Jessie Wilson

Analyst

Jessie is an Analyst in the Verdantix ESG and Sustainability practice. Prior to joining Verdantix she graduated from the University of Bristol with First Class Honours in BSc Geography and French. Her dissertation was on achieving a circular economy for plastics with reusable packaging.

Kim Knickle

Research Director, ESG & Sustainability

Kim leads the Verdantix ESG & Sustainability practice, addressing business challenges and priorities in ESG and sustainability through technology and services. Her current research agenda focuses on ESG regulatory and market drivers, sustainability reporting, risk management, supply chain sustainability, circular economy, social impact.  Knickle 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.  Knickle holds a MBA from Boston University and a BS in electrical engineering from Cornell.

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