diff --git a/src/coreclr/inc/clrconfigvalues.h b/src/coreclr/inc/clrconfigvalues.h
index ce7d1836a363e..5a9c3d60984bd 100644
--- a/src/coreclr/inc/clrconfigvalues.h
+++ b/src/coreclr/inc/clrconfigvalues.h
@@ -690,6 +690,7 @@ RETAIL_CONFIG_DWORD_INFO(INTERNAL_EventPipeRundown, W("EventPipeRundown"), 1, "E
 RETAIL_CONFIG_DWORD_INFO(INTERNAL_EventPipeCircularMB, W("EventPipeCircularMB"), 1024, "The EventPipe circular buffer size in megabytes.")
 RETAIL_CONFIG_DWORD_INFO(INTERNAL_EventPipeProcNumbers, W("EventPipeProcNumbers"), 0, "Enable/disable capturing processor numbers in EventPipe event headers")
 RETAIL_CONFIG_DWORD_INFO(INTERNAL_EventPipeOutputStreaming, W("EventPipeOutputStreaming"), 0, "Enable/disable streaming for trace file set in COMPlus_EventPipeOutputPath.  Non-zero values enable streaming.")
+RETAIL_CONFIG_DWORD_INFO(INTERNAL_EventPipeEnableStackwalk, W("EventPipeEnableStackwalk"), 1, "Set to 0 to disable collecting stacks for EventPipe events.")
 
 #ifdef FEATURE_AUTO_TRACE
 RETAIL_CONFIG_DWORD_INFO_EX(INTERNAL_AutoTrace_N_Tracers, W("AutoTrace_N_Tracers"), 0, "", CLRConfig::LookupOptions::ParseIntegerAsBase10)
diff --git a/src/coreclr/vm/eventing/eventpipe/ep-rt-coreclr.h b/src/coreclr/vm/eventing/eventpipe/ep-rt-coreclr.h
index 620fe62f30268..7b6614e4423c0 100644
--- a/src/coreclr/vm/eventing/eventpipe/ep-rt-coreclr.h
+++ b/src/coreclr/vm/eventing/eventpipe/ep-rt-coreclr.h
@@ -1670,6 +1670,15 @@ ep_rt_config_value_get_use_portable_thread_pool (void)
 	return ThreadpoolMgr::UsePortableThreadPool ();
 }
 
+static
+inline
+bool
+ep_rt_config_value_get_enable_stackwalk (void)
+{
+	STATIC_CONTRACT_NOTHROW;
+	return CLRConfig::GetConfigValue(CLRConfig::INTERNAL_EventPipeEnableStackwalk) != 0;
+}
+
 /*
  * EventPipeSampleProfiler.
  */
diff --git a/src/mono/mono/eventpipe/ep-rt-mono.h b/src/mono/mono/eventpipe/ep-rt-mono.h
index dc07922690cce..73cce439bdc7f 100644
--- a/src/mono/mono/eventpipe/ep-rt-mono.h
+++ b/src/mono/mono/eventpipe/ep-rt-mono.h
@@ -1026,6 +1026,21 @@ ep_rt_config_value_get_rundown (void)
 	return value_uint32_t;
 }
 
+static
+inline
+bool
+ep_rt_config_value_get_enable_stackwalk (void)
+{
+	uint32_t value_uint32_t = 1;
+	gchar *value = g_getenv ("DOTNET_EventPipeEnableStackwalk");
+	if (!value)
+		value = g_getenv ("COMPlus_EventPipeEnableStackwalk");
+	if (value)
+		value_uint32_t = (uint32_t)atoi (value);
+	g_free (value);
+	return value_uint32_t != 0;
+}
+
 /*
  * EventPipeSampleProfiler.
  */
diff --git a/src/native/eventpipe/ep-buffer-manager.c b/src/native/eventpipe/ep-buffer-manager.c
index c1cb584a5d89c..7d5b54037b602 100644
--- a/src/native/eventpipe/ep-buffer-manager.c
+++ b/src/native/eventpipe/ep-buffer-manager.c
@@ -971,7 +971,7 @@ ep_buffer_manager_write_event (
 		event_thread = thread;
 
 	current_stack_contents = ep_stack_contents_init (&stack_contents);
-	if (stack == NULL && ep_event_get_need_stack (ep_event) && !ep_session_get_rundown_enabled (session)) {
+	if (stack == NULL && ep_session_get_enable_stackwalk (session) && ep_event_get_need_stack (ep_event) && !ep_session_get_rundown_enabled (session)) {
 		ep_walk_managed_stack_for_current_thread (current_stack_contents);
 		stack = current_stack_contents;
 	}
diff --git a/src/native/eventpipe/ep-rt.h b/src/native/eventpipe/ep-rt.h
index 96ab9b9466380..9d76dc7b17914 100644
--- a/src/native/eventpipe/ep-rt.h
+++ b/src/native/eventpipe/ep-rt.h
@@ -406,6 +406,11 @@ static
 bool
 ep_rt_config_value_get_use_portable_thread_pool (void);
 
+static
+inline
+bool
+ep_rt_config_value_get_enable_stackwalk (void);
+
 /*
  * EventPipeSampleProfiler.
  */
diff --git a/src/native/eventpipe/ep-session.c b/src/native/eventpipe/ep-session.c
index 9a8c43b983416..7ef2c620130b1 100644
--- a/src/native/eventpipe/ep-session.c
+++ b/src/native/eventpipe/ep-session.c
@@ -206,6 +206,7 @@ ep_session_alloc (
 	instance->session_start_time = ep_system_timestamp_get ();
 	instance->session_start_timestamp = ep_perf_timestamp_get ();
 	instance->paused = false;
+	instance->enable_stackwalk = ep_rt_config_value_get_enable_stackwalk ();
 
 ep_on_exit:
 	ep_requires_lock_held ();
diff --git a/src/native/eventpipe/ep-session.h b/src/native/eventpipe/ep-session.h
index a38adc4e73cc0..36879e2bbc8aa 100644
--- a/src/native/eventpipe/ep-session.h
+++ b/src/native/eventpipe/ep-session.h
@@ -59,6 +59,8 @@ struct _EventPipeSession_Internal {
 	// we expect to remove it in the future once that limitation is resolved other scenarios are discouraged from using this given that
 	// we plan to make it go away
 	bool paused;
+	// Set via environment variable to enable or disable stack collection globally
+	bool enable_stackwalk;
 };
 
 #if !defined(EP_INLINE_GETTER_SETTER) && !defined(EP_IMPL_SESSION_GETTER_SETTER)
@@ -75,6 +77,7 @@ EP_DEFINE_GETTER(EventPipeSession *, session, bool, rundown_requested)
 EP_DEFINE_GETTER(EventPipeSession *, session, ep_timestamp_t, session_start_time)
 EP_DEFINE_GETTER(EventPipeSession *, session, ep_timestamp_t, session_start_timestamp)
 EP_DEFINE_GETTER(EventPipeSession *, session, EventPipeFile *, file)
+EP_DEFINE_GETTER(EventPipeSession *, session, bool, enable_stackwalk)
 
 EventPipeSession *
 ep_session_alloc (