Strategic Focus: How 2023 Sustainability Trends Will Impact CSOs In 2024

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Executive Summary

Throughout 2023, businesses had to decipher how macroeconomic events – such as political and economic uncertainty – would influence their operations, and consider how they could enhance their sustainability programmes to withstand these challenges. This report examines the regulatory landscape, competitive dynamics and innovation trends that Verdantix witnessed in 2023. These trends not only affected our predictions for the upcoming year (see Verdantix Market Insight: 10 Predictions For ESG And Sustainability In 2024 And Beyond), but also influence the actions that sustainability leaders should take to bring their sustainability programmes to the next level in 2024.

Table of contents

Dynamic sustainability trends influence the CSO’s actions
Sustainability-related regulations are shifting firms’ needs and priorities
Software vendors and services firms must navigate complex competitive dynamics and innovation trends
Considering the implications of these trends for the CSO

Table of figures

Figure 1. Actions for the CSO to advance their sustainability programme

About the authors

Jessica Pransky

Principal Analyst
Jessica is a Principal Analyst in the Verdantix ESG & Sustainability practice, which she joined in 2022. Her current research agenda covers ESG reporting and data management software, ESG solutions for investors, and risk in ESG and sustainability. Prior to joining Verdantix, Jessica worked at Ramboll, focusing on ESG risk and opportunity identification for mergers and acquisitions, as well as EHS due diligence. Jessica has previously held roles evaluating water resource allocation for a state municipality and ensuring EHS compliance for GE Aviation. She holds a BS from Tufts University and an MEng from Johns Hopkins University focused on environmental engineering, as well as an MBA from Boston University.

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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