diff --git a/frappe/tests/test_safe_exec.py b/frappe/tests/test_safe_exec.py
index eb65e6beea..94b1c7422c 100644
--- a/frappe/tests/test_safe_exec.py
+++ b/frappe/tests/test_safe_exec.py
@@ -2,6 +2,7 @@ import types
 
 import frappe
 from frappe.tests import IntegrationTestCase
+from frappe.utils.jinja import get_jenv
 from frappe.utils.safe_exec import ServerScriptNotEnabled, get_safe_globals, safe_exec
 
 
@@ -127,3 +128,17 @@ class TestSafeExec(IntegrationTestCase):
 class TestNoSafeExec(IntegrationTestCase):
 	def test_safe_exec_disabled_by_default(self):
 		self.assertRaises(ServerScriptNotEnabled, safe_exec, "pass")
+
+
+class TestJinjaGlobals(IntegrationTestCase):
+	def test_jenv_thread_safety(self):
+		first = get_jenv()
+		# reinit to create a new local ctx, this "simulates" two request running in two diff
+		# thread.
+		frappe.init(frappe.local.site, force=True)
+		second = get_jenv()
+		self.assertIsNot(first, second)
+		self.assertIsNot(first.globals, second.globals)
+		self.assertIsNot(first.filters, second.filters)
+		self.assertIsNot(first.globals["frappe"], second.globals["frappe"])
+		self.assertIsNot(first.globals["frappe"]["form_dict"], second.globals["frappe"]["form_dict"])
diff --git a/frappe/utils/jinja.py b/frappe/utils/jinja.py
index 63f48a9b9f..af4153e42e 100644
--- a/frappe/utils/jinja.py
+++ b/frappe/utils/jinja.py
@@ -8,18 +8,39 @@ def get_jenv():
 	import frappe
 	from frappe.utils.safe_exec import get_safe_globals
 
-	jenv = _get_jenv()
-	jenv.globals.update(get_safe_globals())  # TODO: This isn't thread safe.
+	if jenv := getattr(frappe.local, "jenv", None):
+		return jenv
+
+	default_jenv = _get_jenv()
+	jenv = default_jenv.overlay()
+	# XXX: This is safe to share between requests, the only reason why we are overlaying jenv is to
+	# reuse cache but still have request specific jenv object.
+	if not frappe._dev_server:
+		jenv.cache = default_jenv.cache
+
+	jenv.globals = default_jenv.globals.copy()
+	jenv.filters = default_jenv.filters.copy()
+
+	jenv.globals.update(get_safe_globals())
+	methods, filters = get_jinja_hooks()
+	jenv.globals.update(methods or {})
+	jenv.filters.update(filters or {})
+
 	frappe.local.jenv = jenv
+
 	return jenv
 
 
 @site_cache(ttl=10 * 60, maxsize=4)
 def _get_jenv():
+	# XXX: DO NOT use any thread/request specific data in this function!
+	# Some functionality like `get_safe_globals` appears safe but internally uses request local
+	# data.
+
 	from jinja2 import DebugUndefined
 	from jinja2.sandbox import SandboxedEnvironment
 
-	from frappe.utils.safe_exec import UNSAFE_ATTRIBUTES, get_safe_globals
+	from frappe.utils.safe_exec import UNSAFE_ATTRIBUTES
 
 	UNSAFE_ATTRIBUTES = UNSAFE_ATTRIBUTES - {"format", "format_map"}
 
@@ -31,13 +52,9 @@ def _get_jenv():
 			return super().is_safe_attribute(obj, attr, *args, **kwargs)
 
 	# frappe will be loaded last, so app templates will get precedence
-	jenv = FrappeSandboxedEnvironment(loader=get_jloader(), undefined=DebugUndefined)
+	jenv = FrappeSandboxedEnvironment(loader=get_jloader(), undefined=DebugUndefined, cache_size=32)
 	set_filters(jenv)
 
-	methods, filters = get_jinja_hooks()
-	jenv.globals.update(methods or {})
-	jenv.filters.update(filters or {})
-
 	return jenv