Strategic Focus: How 2023 Sustainability Trends Will Impact CSOs In 2024
16 Feb, 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.
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
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
Figure 1. Actions for the CSO to advance their sustainability programme
BCG (Boston Consulting Group), Task Force on Climate-related Financial Disclosures (TCFD), EY, Position Green, KPMG, Task Force on Nature-related Financial Disclosures (TNFD), Wolters Kluwer, OpenAI, iPoint, NAVEX, ERM, Sphera, IBM, WayCarbon, Diversio, US Securities and Exchange Commission (SEC), Deloitte, PwC, NASDAQ
About the Authors
Jessica Pransky
Principal Analyst
Jessica is a Principal Analyst at Verdantix, specializing in providing insights to sustainability leaders and analysing ESG and sustainability reporting software. She advises …
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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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