Report showcases consulting companies’ efforts to speed up impression and internet zero objectives

Our new report, ESG Methods: Accelerating Impression and Web Zero Targets in Consultancy, gives a novel evaluation of how the world’s main environmental & sustainability (E&S) consultants are responding to the quickly evolving local weather and ESG disclosure panorama, gauging their progress utilizing sector-specific rankings standards and {industry} carbon depth benchmarks developed by our analyst staff. 

Discover out concerning the Web Zero Journey & ESG Impression ‘leaders’ and ‘innovators’…

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[PRESS RELEASE]

*****AECOM, BCG, Jacobs and WSP are five-star rated companies***** 

Surroundings Analyst (www.house.environment-analyst.com, Shrewsbury, UK), the unbiased market intelligence companion and advisor to the worldwide consulting {and professional} providers {industry}, has printed an evaluation of how the world’s main environmental & sustainability (E&S) consultants are responding to the quickly evolving local weather and ESG disclosure panorama. 

The report, ‘ESG Methods: Accelerating Impression and Web Zero Targets in Consultancy’, finds that whereas the drivers and pressures for motion are proliferating, some consultancies have been gradual to reply – despite being on the entrance line in terms of advising companies and governments on methods to interact. Others are main in advancing the agenda, innovating options and making measurable progress that may finally profit their purchasers and provide chains, in addition to folks, planet and society. 

Surroundings Analyst developed a novel, stakeholder notion evaluation and rankings system, assessing how fifty main E&S consultancies (‘C50’) are reporting and performing on the local weather and ESG crucial, primarily based on their public disclosures and experiences. Companies had been scored in opposition to industry-specific carbon depth benchmarks, in addition to a spread of different elements together with their alignment to gold customary frameworks and initiatives – such because the SBTi, CDP, TCFD and UN World Compact – and their internet zero and sustainability objectives, governance and progress.

Solely 4 of the fifty consultancies achieved the highest five-star score throughout the Web Zero Journey and ESG Impression Management metrics: AECOM, Boston Consulting Group (BCG), Jacobs and WSP. An additional twenty companies had been recognized as ‘innovators’ – together with the highest-scoring small (<2k full-time equal staff) and medium-sized (2-10k FTEs) consultancies: Anthesis, ERM, ICF, Ricardo and TRC (see figures).

“At Surroundings Analyst, we imagine organisations in want of ESG and carbon advisory help will more and more flip to people who have the experience, the expertise and have demonstrated management to do it first; those that have walked the speak,” says Ross Griffiths, Surroundings Analyst Managing Director. “We additionally imagine these companies provide traders a reputable, low-risk possibility for his or her sustainable portfolios, whereas others nonetheless have additional to go of their journeys.” 

“This {industry}, simply as every other, should guard in opposition to greenwashing claims given the myriad of frameworks, requirements and pledges being made, in addition to ESG information limitations. This report highlights finest practices and promotes actual developments being made by the consulting {industry}’s frontrunners and innovators who’re dwelling, respiratory, and advising on the sustainable transition.”

The report finds that 62% of the C50 companies have set science-based local weather targets beneath the SBTi. Nevertheless, solely three of the businesses have aligned to the higher-ambition SBTi Company Web Zero Commonplace up to now, which requires sooner and tougher absolute emissions reductions.

The whole carbon footprint for the C50 is estimated at 11.7 million tCO2e during the last reporting interval (primarily based on disclosures for FY21/FY22). That is equal to ~4.5 million return flights from London to Cape City. Surroundings Analyst’s carbon accounting evaluation discovered that there was a 15% rebound within the {industry}’s common emissions over the past yr due to the post-pandemic return to regular working practices, however some companies had been capable of buck this development via hardening enterprise journey insurance policies and different decarbonisation initiatives.

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