Spending on consulting set to rise
- Business & Industry ,
Sustainability leaders are forecast to spend less on consulting services over the next five years, but this will be more than offset by expenditure elsewhere.
Independent analyst firm Verdantix has predicted that spending by heads of sustainability on consulting services will shrink globally by 2.4% a year over the next five years, from $417m to $369m.
However, the finance, sourcing and product design functions are forecast to spend more on sustainability projects, resulting in compound annual growth of 4% over the same period, according to the analysts' report. Verdantix said the global sustainability consulting market would grow from $912m to $1.1bn.
Industry analyst Yaowen Ma said the figures indicated that more non-sustainability executives were taking responsibility for the sustainability agenda as the role’s importance steadily diminished. ‘Over the past 18 months our research has identified a trend towards the head of sustainability role disappearing. Responsibilities are being handed over to the environment, health and safety or to the director of corporate responsibility. The role is slowly becoming redundant as sustainability programmes mature and other function heads take over,’ said Ma.
Verdantix said spending on sustainability consultancy services in 2016 across nine major economies would total $912m, with the US accounting for $344m (38%) and Europe for $292m (32%). Elsewhere, Brazil and India will spend $78m and $38m respectively this year.
One quarter of the money ($227m) spent on sustainability consulting this year will fund supply chain initiatives as firms seek to better manage reputational issues, such as those linked with conflict minerals and slavery. Some 23% ($206m) will be spent on support programmes to improve energy management.
The Environment Agency has successfully prosecuted Southern Water for thousands of illegal raw sewage discharges that polluted rivers and coastal waters in Kent, resulting in a record £90m fine.
In Elliott-Smith v Secretary of State for Business, Energy and Industrial Strategy, the claimant applied for judicial review of the legality of the defendants’ joint decision to create the UK Emissions Trading Scheme (UK ETS) as a substitute for UK participation in the EU Emissions Trading Scheme (EU ETS).
None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.
Global greenhouse gas emissions from agriculture are projected to increase by 4% over the next 10 years, despite the carbon intensity of production declining. That is according to a new report from the UN food agency and the Organisation for Economic Co-operation and Development (OECD), which forecasts that 80% of the increase will come from livestock.
Half of consumers worldwide now consider the sustainability of food and drink itself, not just its packaging, when buying, a survey of 14,000 shoppers across 18 countries has discovered. This suggests that their understanding of sustainability is evolving to include wellbeing and nutrition, with sustainable packaging now considered standard.
Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.
New jobs that help drive the UK towards net-zero emissions are set to offer salaries that are almost one-third higher than those in carbon-intensive industries, research suggests.