diff --git a/benchmarks/latency-comparison/java/pom.xml b/benchmarks/latency-comparison/java/pom.xml
index 8383a82f6f..2ccf78feca 100644
--- a/benchmarks/latency-comparison/java/pom.xml
+++ b/benchmarks/latency-comparison/java/pom.xml
@@ -35,7 +35,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-shared-config</artifactId>
-    <version>1.12.2</version>
+    <version>1.12.3</version>
   </parent>
 
   <dependencyManagement>
diff --git a/pom.xml b/pom.xml
index f5c5fd1b3e..1432ceca17 100644
--- a/pom.xml
+++ b/pom.xml
@@ -55,7 +55,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-shared-config</artifactId>
-    <version>1.12.2</version>
+    <version>1.12.3</version>
   </parent>
   <scm>
     <connection>scm:git:git@github.com:GoogleCloudPlatform/pgadapter.git</connection>
diff --git a/samples/java/liquibase/pom.xml b/samples/java/liquibase/pom.xml
index 14ae0c3124..2f73a8207b 100644
--- a/samples/java/liquibase/pom.xml
+++ b/samples/java/liquibase/pom.xml
@@ -37,7 +37,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-shared-config</artifactId>
-    <version>1.12.2</version>
+    <version>1.12.3</version>
   </parent>
   <scm>
     <connection>scm:git:git@github.com:GoogleCloudPlatform/pgadapter.git</connection>