Insight #3

Sustainability budgets are expanding to meet EU CSRD compliance

Key Finding

Most respondents plan to increase their spending over the next 12 to 24 months.

Planned budget increases to align with EU CSRD compliance

Most respondents have increased their sustainability budgets, focusing on tools and consulting services to improve data collection, reporting, and meet EU CSRD requirements. This may also suggest they’re directing funds toward product development, staffing, training, and research in order to adapt their business and strategy to the new requirements.

How companies are budgeting for EU CSRD compliance

0%

Specific budget has been allocated and spent for new data collection and reporting requirements

0%

Working within existing budgets to address data collection and reporting

0%

Attempting to convince decision-makers for budget

0%

No budget has been allocated currently

Sustainability budgets are increasing, with most within two years

All respondents are planning to increase their sustainability budgets, with many already making key investments and implementing software over the next 12 months—with a significant 95% expect budget increases within the next two years.

Breaking from typical technology adoption curves, no respondents are holding back on investment.

Timeline for planned sustainability budget increases

0%

Within the next 1-12 months

0%

In 12-24 months

0%

In 2-3 years

0%

I am not planning to increase spending

Turn insights into action

What does it take to comply with EU CSRD? With so many steps and moving parts to keep track of, we’ve pulled in our experts to share their top tips when it comes to your EU CSRD disclosures.

Get the guide

Continue reading