GlobalData: Only 32% of companies have ESG strategy, raising concerns about their operations' long-term sustainability; CEOs too slow to improve approach to sustainability will see exodus of customers, drop in profits 'far sooner than they ever imagined'

Sample article from our Housing & Economy

April 13, 2023 (press release) –

As the importance of sustainability and social responsibility continues to gain momentum, investors and stakeholders are increasingly holding businesses accountable for their environmental, social, and governance (ESG) performance. However, companies faced significant challenges in meeting their ESG goals in 2022, raising concerns about the long-term sustainability of their operations, says GlobalData, a leading data and analytics company.

GlobalData’s ESG Sentiment Polls Q4 2022 reveals that only 32% of respondents said their company had an ESG strategy. This means that the majority (68%) of respondents either had no ESG plan in place (34%) or were unsure whether they had one (34%).

Cyrus Mewawalla, Head of Thematic Intelligence at GlobalData, comments: “The reluctance of many CEOs to fully engage with ESG can be attributed to the age-old view that it will hurt profits. However, our research suggests the opposite. Companies that embrace all three elements of ESG will outperform their peers. CEOs that are too slow to improve their company’s approach to sustainability will see an exodus of customers and a drop in profits far sooner than they ever imagined.”

GlobalData’s latest report,  “Global Environmental Trends by Sector, 2022 – Thematic Intelligence,” reveals that climate change and related themes (including heatwaves, emissions, deforestation, and water shortages) remained in the spotlight in 2022. Financial institutions, businesses, and governments have increased their efforts to align with the UN’s sustainable development goals (SDGs). This trend will continue in 2023.

The ESG framework developed by GlobalData serves as a valuable management tool to evaluate a company’s ESG performance. It can help identify factors that lead to negative ESG outcomes and provide insights into actions that can be taken to enhance the company’s ESG performance.

Mewawalla concludes: “As the world continues to grapple with climate change and other environmental challenges, the importance of ESG performance is only set to grow. The growing efforts of financial institutions, businesses, and governments to align with the UN’s SDGs demonstrate a growing recognition of the urgency of the challenge at hand. Companies that embrace this trend and take meaningful action to improve their ESG performance are likely to be the ones that thrive in the years to come.”

Media Enquiries

If you are a member of the press or media and require any further information, please get in touch, as we're very happy to help.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order housing & economy coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.