diff --git a/CHANGELOG.md b/CHANGELOG.md
index a9c1c8353f..9cdd3a9040 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,8 @@
 ## UNRELEASED
 
+IMPROVEMENTS:
+* Helm
+  * Bump default Envoy version to 1.23.0. [[GH-1377](https://github.com/hashicorp/consul-k8s/pull/1377)]
 FEATURES:
 * [Experimental] Cluster Peering:
   * Add support for ACLs and TLS. [[GH-1343](https://github.com/hashicorp/consul-k8s/pull/1343)] [[GH-1366](https://github.com/hashicorp/consul-k8s/pull/1366)]
diff --git a/charts/consul/Chart.yaml b/charts/consul/Chart.yaml
index 527f5128eb..faede92331 100644
--- a/charts/consul/Chart.yaml
+++ b/charts/consul/Chart.yaml
@@ -17,7 +17,7 @@ annotations:
     - name: consul-k8s-control-plane
       image: hashicorp/consul-k8s-control-plane:0.46.1
     - name: envoy
-      image: envoyproxy/envoy:v1.22.2
+      image: envoyproxy/envoy:v1.23.0
   artifacthub.io/license: MPL-2.0
   artifacthub.io/links: |
     - name: Documentation
diff --git a/charts/consul/values.yaml b/charts/consul/values.yaml
index 44e274c58d..a87644a8a0 100644
--- a/charts/consul/values.yaml
+++ b/charts/consul/values.yaml
@@ -613,7 +613,7 @@ global:
   # connect-injected sidecar proxies and mesh, terminating, and ingress gateways.
   # See https://www.consul.io/docs/connect/proxies/envoy for full compatibility matrix between Consul and Envoy.
   # @default: envoyproxy/envoy-alpine:<latest supported version>
-  imageEnvoy: "envoyproxy/envoy:v1.22.2"
+  imageEnvoy: "envoyproxy/envoy:v1.23.0"
 
   # Configuration for running this Helm chart on the Red Hat OpenShift platform.
   # This Helm chart currently supports OpenShift v4.x+.