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Green Quadrant Sustainability Assurance 2011 (Global)

Date: 21 June 2011

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28 pages, 12 figures

Executive Summary

The financial materiality of sustainability performance data relating to energy consumption, greenhouse gas emissions, water usage, supply chain policies and environmental management is growing. As a result, a wider range of senior managers need confidence in these data sets and management systems. To help decision-makers in roles like Head of External Affairs, Chief Risk Officer, CFO and Head of Sustainability this Green Quadrant report provides a detailed, fact-based comparison of the assurance services provided by 13 global suppliers. The analysis is based on interviews with 15 international buyers representing firms with combined revenues of $362 billion, supplier responses to a 48 point questionnaire and interviews with industry experts from a variety of standards bodies. The study finds that six suppliers currently lead the market –– Bureau Veritas, Deloitte, DNV, Ernst & Young, KPMG and PwC. These six suppliers offer the broadest and deepest set of capabilities internationally and have the greatest market momentum.

Related Webinar: Choosing A Sustainability Assurance Provider To Enhance Credibility And Manage Financial Risk

TABLE OF CONTENTS

STATE OF THE MARKET FOR SUSTAINABILITY ASSURANCE
Immature Market Suffers From Confusion Between Assurance And Verification
Market Expectations For Credible Sustainability Information Increase

EXPERIENCED BUYERS PUSH ASSURANCE PROVIDERS TO ADD VALUE
Spending Targets GHG Inventories, Sustainability Reporting and EMS
Credibility, Risk And Lack Of Confidence Drive Purchase Decisions
Expertise And Standards Knowledge Rank Highest For Supplier Selection
Ethical Business Practices Top The List Of Supplier Assessment Criteria

GREEN QUADRANT® SUSTAINABILITY ASSURANCE PROVIDERS
Green Quadrant® Methodology
Evaluated Firms: Selection Criteria
Evaluation Criteria For Sustainability Assurance Providers
Six Providers Lead The Global Sustainability Assurance Market
Three Challengers With Strong Expertise Lack Market Momentum
A Range Of Factors Frame The Market Position Of Four Entrepreneurs

FINANCIAL REPORTING CONVERGENCE WILL SHIFT MARKET DYNAMICS
C-Level Executives Will Muscle In On Assurance Providers Selection
Assurance Providers Without A Financial Audit Pedigree Need To Reposition For A New Market Context

TABLE OF FIGURES

Figure 1. The Three Phases Of Market Development
Figure 2. Firms Buy Assurance Of Environmental Sustainability Management & Reporting
Figure 3. Firms Plan Assurance Of Reporting And GHG Management
Figure 4. Firms View Provision Of External Credibility As The Primary Role Of Assurance
Figure 5. Suppliers’ Standards And Sustainability Expertise Are Critical To Buyers
Figure 6. Customers’ Awareness Of Sustainability Assurance Services Varies By Supplier
Figure 7. Suppliers Show Varying Success Communicating Sustainable Business Expertise
Figure 8. Customers Consider Providers’ Ethical Business And Social Policy Important
Figure 9. Capabilities Criteria For Sustainability Assurance Providers
Figure 10. Momentum Criteria For Sustainability Assurance Providers
Figure 11. Green Quadrant® Sustainability Assurance Providers (Global)
Figure 12-1. Capability Scores For 13 Sustainability Assurance Providers
Figure 12-2. Momentum Scores For 13 Sustainability Assurance Providers

ORGANIZATIONS MENTIONED

Acona, Alcoa, BSI, BT, Bureau Veritas, Carbon Disclosure Project, Coca-Cola, Corporate Citizenship, Cradle to Cradle, De Beers, Deloitte, DNV, DQS-UL, Enviros, ERM, Ernst & Young, European Commission, Ford, Forest Stewardship Council, Global Reporting Initiative, GoodCorporation, Henkel, HP, ING Group, Interface, International Council of Chemical Associations, International Integrated Reporting Council, International Organization for Standardization, JACO, JQA, Kimberley Process Certification Scheme, KPMG, LRQA, Marine Stewardship Council, Novo Nordisk, Philips, PwC, Responsible Care, SABMiller, SEQM, SGS, Shell, Social Accountability International, State Grid of China, SustainAbility, The Carbon Registry, The Reassurance Network, The Virtuous Circle, TÜV SÜD, UN Blueprint for Corporate Sustainability Leadership, URS, US Steel, Volvo, WindMade, WWF