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Sustainable consultancy market to grow 4% a year to 2020

Companies are expected to contract corporate sustainability-related consultancy services worth $1.09bn by 2020, up from $877m today, a report by research firm Verdantix calculates. In terms of current practices, meanwhile, the research shows that consultancy projects are also cropping up across a wider variety of business functions, with corporate social responsibility or sustainability teams accounting for less than half (48%) of all CSR consultancy spend. The proportion spent by CSR teams increases to 60% for sustainability reporting advice. At present, companies spend an average of $150,000 to $200,000 on CSR consultants per year, which Verdantix describes as “below ideal deal sizes”. While demand for consultancy services is expected to grow between now and 2020, consultants will therefore find themselves with smaller-scale contracts and issue-specific projects. The findings are based on interviews with 260 heads of sustainability in 13 countries across 21 industries, plus background data.

Sustainability consulting: Global Market Forecast 2015-2020, Verdantix

Millennials most engaged on sustainability

Millennial investors are nearly twice as likely as the average to invest sustainably, a new report by Morgan Stanley finds. More than one in five Millennials (or “Generation Y”, those aged 18-35) are likely to...

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