1、Thomson Reuters Institute The 2023 State of Corporate ESGAt the crossroads of data,regulations,and digital solutions The 2023 State of Corporate ESG:at the crossroads of data,regulations,and digital solutions Executive summaryIf 2023 has proven anything,it is that increased uncertainty is the new no

2、rmal.COVID-19,Russias war in Ukraine,shifting economic sanctions,evolving regulations,heightened trade tensions,and extreme climate-related events have impacted supply chains,prices,labor supply,energy security,and much more.Now more than ever,companies are navigating a Volatile,Uncertain,Complex,an

3、d Ambiguous(VUCA)world.It is against this backdrop that we set out to better understand how companies are approaching ESG,how this is evolving,and what solutions companies are putting in place to advance their ESG initiatives.We spoke to 24 C-suite and functional leaders in a range of roles from Chi

4、ef Sustainability Officers to Chief Supply Chain Officers and surveyed 183 C-suite and functional leaders across a range of industries and geographies,focusing on North America and Europe.Across our interviews and research,one clear and consistent theme emerged:we are at a crossroads in corporate ES

5、G management,with regulation,data,solutions,and actions maturing rapidly.Thus,new challenges,needs,requirements,and opportunities are also emerging for companies looking to tackle ESG.In this report,well delve into how companies are solving ESG-related challenges,explore the role of third-party solu

6、tions in that context,and look at examples of solutions companies are implementing to progress their ESG agendas.Key findings on the 2023 State of Corporate ESG include:Companies are struggling to keep abreast of the multitude of ESG guidance and regulations,with the risk and compliance tasks of mee