Verdantix Forecasts 17% Annual Growth Rate In ESG And Sustainability Consulting Spend Between 2022 And 2027

Regulatory changes and challenges around disclosure will increase firms’ interest in ESG and sustainability consulting. In Verdantix’s newest report – ESG & Sustainability Consulting: Market Size & Forecast 2021-2027- our research projects a 17% annual growth rate in ESG and sustainability consulting spending in the next five years. Through the analysis of revenue information and survey data, Verdantix research provides ESG and sustainability decision-makers with key insights on the current state and future developments in the ESG and sustainability consulting market.

Following a growing global pressure to disclose ESG and sustainability performance, firms recognize fundamental changes are necessary in their market operations. As a result, firms seek consulting services for advice on their ESG and sustainability programs. To offer a granular view of the market, Verdantix research includes six ESG and sustainability consulting product categories: ESG & sustainability corporate strategy, ESG & sustainability digital transformation, ESG & sustainability corporate reporting and disclosures, operational transformation, product stewardship and supply chain sustainability, and ESG advisory to investors.

Verdantix research found that investment in ESG and sustainability consulting reached $6 billion in 2021 and forecasts a CAGR of 17% to reach $16 billion by 2027. Growth will differ by services lines and regional jurisdictions: while Verdantix expects a CAGR of 21% in spending on ESG & sustainability corporate reporting and disclosures, the forecast predicts a 14% growth on the operational transformation service line. Likewise, the research found the CAGR for ESG & sustainability consulting services is 18% in EMEA and 14% in LATAM.

Firms seeking further insights into ESG and sustainability consulting services, see Green Quadrant: ESG & Sustainability Consulting 2022. To learn more about the capabilities and development trends of the ESG consulting market, see the full report: ESG And Sustainability Consulting: Market Size And Forecast 2021-2027.