But, don't just take our word for it.

We commissioned an independent study to see how 100 decision-makers in the ESG space are...

It’s clear that companies are at different stages on their road to sustainability

  • 45%

    of companies have been tackling ESG strategy for fewer than 3 years.

  • 9%

    of companies have been tackling ESG for more than 5 years.

As companies advance in their journey, teams grow and become more integrated into day-to-day operations and decision-making

How many dedicated individuals do you have in your ESG and sustainability working group?

  • I’m an individual contributor to ESG and sustainability.
  • 1-5 members
  • 6-15 members
  • >15 members

How was your most senior team member responsible for ESG and sustainability sourced?

  • Hired as a dedicated member
  • Migrated internally from other teams
  • Voluntarily taking on responsibilities on top of their own role

ESG teams work with departments throughout the company

“Almost every department interacts with us in some capacity, although the finance department is more active.”

Survey Participant, Chief Sustainability Officer
Retail & Consumer Goods Manufacturing, USA

Regulators and investors have the most influence over ESG strategy

How would you rank the level of influence of the following stakeholders on your ESG and sustainability strategy?

  • 45%
  • 23%
  • 17%
  • 5%
  • 10%

Regulators

  • 21%
  • 34%
  • 19%
  • 19%
  • 7%

Investors

1 is most influential, 5 is least influential
  • 1
  • 2
  • 3
  • 4
  • 5

Companies that have long been using and investing in ESG tools and resources have a clear competitive advantage in the space. As climate tech continues to innovate, early adopters are well positioned to handle the shift in influence from regulators to investors.

Companies are facing a wide array of ESG challenges

  • Nascent
    Companies

    struggle most with external reporting

  • Mature
    Companies

    struggle most with data collection and collation

Leveraging technology is one the best ways to drive ESG strategy

Despite a clear desire to spend on tools to help ESG processes, at least 89% consider a range of barriers as significant hurdles to these investments.

How significant are the following barriers in limiting your investment in ESG and sustainability tools and technologies?

  • Very Significant
  • Significant
  • Insignificant
  • Don’t Know
  • 56%
  • 37%
  • 6%
  • 1%

Poor integration of solutions with existing systems

  • 54%
  • 36%
  • 8%
  • 2%

Poor ROI

  • 52%
  • 41%
  • 7%

Lack of stakeholder buy-in

  • 50%
  • 42%
  • 7%
  • 1%

Lack of suitable solutions

  • 44%
  • 50%
  • 6%

Lack of prioritization of sustainability

  • 38%
  • 56%
  • 6%

Budgetary restrictions

  • 36%
  • 53%
  • 10%
  • 1%

Cost of solutions