Verdantix Analysis Of Leading Consultancies Finds That Success In The $700 Million US Sustainability Consulting Market Requires Deep Pockets And Unique Expertise
NEW YORK--(BUSINESS WIRE)-- A diverse collection of eight services firms – CH2M HILL, Deloitte, Ernst & Young, ERM, KPMG, McKinsey, PE International and PwC – stand out as the leading consultancies in the challenging US sustainability consulting market according to a new report from independent analyst firm Verdantix. The study assesses the 15 most prominent sustainability consultancies on 49 criteria covering sustainability strategy, innovation, reporting and communications, social and community, risk assessment, supply chain and product life cycle assessment, energy, carbon and water. The analysis includes the perspectives of a panel of buyers with collective revenues of $274 billion.
“Business consulting on sustainability topics in the US will be worth just $700 million in 2013. Some consultancies, but certainly not all, view the sustainability market as a huge long-term opportunity,” stated Patty Satkiewicz author of the report. “Our study identifies the consultancies who have invested ahead of the curve in methodologies, frameworks and thought leadership to help clients realize short-term benefits and plan for future risks posed by GHG regulations, water scarcity, energy costs and cleantech innovation. Over the last four years other consultancies have fallen by the wayside as they struggled to build critical mass in their team or failed to secure funding to subsidize practice growth. Most recently the sequester has stalled federal spending on sustainability programs mandated by Executive Order 13514. This is not a market for the faint hearted.”
The new Verdantix study, Green Quadrant: Sustainability Consulting (US) 2013, provides heads of sustainability and other executives with a detailed assessment to short-list potential providers. The study finds that Deloitte, McKinsey and PwC jointly lead the US market for sustainability strategy consulting; CH2M HILL achieves the highest score for sustainability innovation; Deloitte and ICF International have market leading capabilities for reporting and communications advisory; Ernst & Young, KPMG and McKinsey offer the strongest sustainability risk assessment services; BSR, CH2M HILL and ERM lead the US market in stakeholder and community engagement; AT Kearney, CH2M HILL, PE International and PwC have the most compelling capabilities for responsible supply chain and product LCA advisory; McKinsey continues to lead the market on energy and carbon strategy; and both CH2M HILL and McKinsey offer the deepest expertise for water strategy advisory.
“Sustainability consulting is an embryonic market and this is reflected in the eclectic mix of services firms vying for business,” commented David Metcalfe, Verdantix CEO. “Corporate buyers and federal agencies seeking advice will get different deliverables from an energy strategy expert like Paladino, a management consultancy such as AT Kearney and a multi-disciplinary engineering services firms like AECOM. So buyers need to determine whether they want pure business advice or blended business and technical analysis. In 2013 sustainability budgets will increase by 5% to 7% in the US but we predict that higher economic growth will pull more consultancies into this market over the next three years. Many big names are still sitting on the sidelines.”
Note To Editors
Verdantix is an independent analyst firm. We provide authoritative data, analysis and advice to help our clients resolve their energy, environment and sustainability challenges. Through our global primary research and deep domain expertise we provide our clients with strategic advice, revenue generating services, best practice frameworks, industry connections and competitive advantage.
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