diff --git a/internal/pkg/deploy/env.go b/internal/pkg/deploy/env.go
index 6930769f2e6..fc65ac59ce7 100644
--- a/internal/pkg/deploy/env.go
+++ b/internal/pkg/deploy/env.go
@@ -14,7 +14,7 @@ const (
 	// LegacyEnvTemplateVersion is the version associated with the environment template before we started versioning.
 	LegacyEnvTemplateVersion = "v0.0.0"
 	// LatestEnvTemplateVersion is the latest version number available for environment templates.
-	LatestEnvTemplateVersion    = "v1.12.2"
+	LatestEnvTemplateVersion    = "v1.12.3"
 	EnvTemplateVersionBootstrap = "bootstrap"
 )