Global Corporate Survey 2022: ESG & Sustainability Budgets, Priorities And Tech Preferences
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Executive Summary
This report, based on a global survey of 400 respondents, is designed to assist senior executives in benchmarking their firms' budgets, investment priorities and technology preferences relative to their global peer group. The data collected through the Verdantix survey also support strategic decision-making and business planning by executives at ESG and sustainability consulting and technology providers. The data were gathered via telephone interviews with executives from 35 countries and 30 industries between July and September 2022. Respondent data reveal increased maturity in corporates' commitment to ESG and sustainability, with expanding budgets for ESG and sustainability services and software in 2023.Global Survey Reveals Priorities And Tech Preferences Of ESG And Sustainability Executives
Global Survey Features 400 Executives Across Geographies And Industries
ESG And Sustainability Is Becoming A Clearly Defined And Articulated Priority
Firms’ ESG And Sustainability Approaches Are Maturing And Becoming More Integrated Within Their Business
Reputational Pressure, More Buy-in From The C-Suite And New Climate Disclosure Rules Are Driving ESG Commitment And Spending Among Corporates
New Players Emerge, But Chief Sustainability Officers Lead On Sustainability Decisions
The C-Suite Continues To Play A Significant Role In Defining Sustainability Strategy And Spend
Other Business Functions Help Define, Influence, Implement And Provide Data For ESG And Sustainability Strategy
Despite Economic Uncertainties, ESG And Sustainability Budgets Are Rising, Driven Predominantly By Climate Risk Disclosures
Mandatory And Voluntary ESG Reporting Are Major Driving Forces For ESG Budgets
Firms Expect Increases In ESG And Sustainability Consulting Budgets In 2023
Market Adoption Of ESG And Sustainability Software Solutions Is Expanding, But Still Immature
Spend On ESG Software Is Set To Increase In 2023 As Regulatory And Stakeholder Pressure Mounts
Figure 2. Survey Respondent Geographical Breakdown
Figure 3. Survey Respondent Industry Breakdown
Figure 4. ESG And Sustainability: Level Of Commitment
Figure 5. ESG And Sustainability: Future Integration Into Business Decision-Making
Figure 6. ESG And Sustainability Definitions
Figure 7. Drivers Behind Increased Commitment To ESG And Sustainability
Figure 8. Decision-Makers Responsible For Defining ESG Strategies
Figure 9. Decision-Makers Responsible For Funding ESG Strategies
Figure 10. Business Functions Responsible For Implementing ESG Strategies
Figure 11. Rules And Frameworks That Influence ESG And Sustainability Spending
Figure 12. ESG And Sustainability Processes Funding Priorities
Figure 13. ESG And Sustainability Consulting Services Spending Priorities In 2023
Figure 14. Priorities When Selecting A Consulting Provider For ESG And Sustainability Initiatives
Figure 15. Technology Approaches To Manage ESG And Sustainability Use Cases
Figure 16. Priorities When Selecting A Software Provider For ESG And Sustainability Initiatives
Figure 17. Projected Spend Change On Software Categories In 2023
About the Authors
Alessandra Leggieri
Industry Analyst
Alessandra is an Industry Analyst at Verdantix, specializing in carbon management and software for product carbon footprints. Her research spans over 100 vendors in the carbon…
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Lily Turnbull
Senior Analyst
Lily is a Senior Analyst at Verdantix, where she delivers in-depth research to help executives navigate ESG, sustainability and product innovation, and make confident decision…
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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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