Global Corporate ESG Survey 2022: Sustainability Drivers And Spend Priorities By Industry
16 Jan, 2023
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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).
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
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
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
Figure 2: Top ESG & Sustainability Funding Priorities
Figure 3: Sustainability Software Spend Priorities
Figure 4: Sustainability Services Spend Priorities
XDI Systems, Costco, Task Force on Climate-related Financial Disclosures (TCFD), CDP, KPMG, Jupiter Intelligence, Global Reporting Initiative (GRI), International Sustainability Standards Board (ISSB), Lowe’s, Taskforce on Nature-related Financial Disclosures (TNFD), OPEX Group, Green Century, ERM, BCG, Science Based Targets initiative (SBTi), Cervest, Ford, Bain & Company, US Securities and Exchange Commission (SEC), Climate X, PwC, L’Oréal
About the Authors
Luke Gowland
Senior Analyst
Luke is a Senior Analyst at Verdantix, specializing in ESG and sustainability reporting software and financial ESG. He advises both technology buyers and software vendor and s…
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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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