Global ESG and sustainability advisory market analysis and insights
The global market for ESG and Sustainability Advisory estimated at US$12.4 billion in the year 2023, is projected to reach a revised size of US$63.6 billion by 2030, growing at a CAGR of 22.7% over the analysis period 2023-2030. Demand is increasing from organizations, big and small, around the globe including governments, corporates and investment firms.
Pressure from investors, consumers, regulators and other stakeholders is driving the prioritization of Sustainability & ESG strategies. Structural factors are creating a necessity to implement sustainable operations to ensure resilience and longevity.
The opportunity to drive additional value, rather than just protect it, through a Sustainability & ESG strategy is encouraging emphasis. Businesses are looking to consultancies for support in embedding Sustainability & ESG strategies into their long-term growth plans.
Sustainable finance and the ESG agenda are now key decision-making criteria for asset managers in allocating funds and investments. “Impact” or “Purpose” investing is increasing year on year, with over 25% of European AuM forecast to be allocated to ESG funds by 2025.
The rapid evolution and breadth of possible solutions has led to a very fragmented market with many new entrants. Consolidation is becoming increasingly important to consultancy businesses looking to expand service line / geographic capability.
ESG and sustainability advisory market regional insights
The ESG and sustainability advisory market in the U.S. is estimated at US$3.4 billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9 billion by the year 2030 trailing a CAGR of 24.2% over the analysis period 2023-2030. The Japanese and Canadian markets are forecast to grow at CAGRs of 21.3% and 19.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 22.5% CAGR.
In the global Energy & Utilities segment, US, Canada, Japan, China and Europe will drive the 20.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 billion in the year 2023 will reach a projected size of US$7.7 billion by the year 2030. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.9 billion by the year 2030, while Latin America will expand at a 17.3% CAGR over the analysis period.
Key players
Key players profiled in the report include Anthesis Group Ltd., Arcadis, Boston Consulting Group, Bureau veritas, Capgemini, Cognizant, DEKRA, Deloitte, ERM International Group Limited, Ernst & Young (EY), J.S. Held LLC, KPMG International, PwC, Ramboll Group, SLR Consulting Limited, WSP, among others.
ESG and sustainability advisory market scope
- By service line
- Strategy and planning services
- Reporting and disclosure
- Stakeholder engagement
- Environmental management & due diligence
- Impact assessment and sustainable development
- Water and waste management
- Supply chain sustainability
- Others
- By organization size
- Large enterprises
- Small and medium enterprises (SMEs)
- By end use industry
- Banking, financial services & insurance (BFSI)
- Manufacturing & industrial
- Energy & utilities
- Healthcare & life science
- IT and Telcom
- Consumer goods & retail
- Real estate & construction
- Transportation & logistics
- Others
- By end user
- Corporate
- Government
- National governments
- Local authorities
- Non-governmental organizations (NGOs)
- By region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
| Report Attribute | Details |
| No. of Pages | 248 |
| Published | July-2024 |
| Forecast Period | 2023-2030 |
| Estimated Market Size in 2023 | US$12.4 billion |
| Forecasted Market Size by 2030 | US$63.6 billion |
| CAGR | 22.7% |
| Regions Covered | North America, South America, Europe, Asia Pacific, Middle East and Africa |
| Companies Mentioned | Anthesis Group Ltd., Arcadis, Boston Consulting Group, Bureau veritas, Capgemini, Cognizant, DEKRA, Deloitte, ERM International Group Limited, Ernst & Young (EY), J.S. Held LLC, KPMG International, PwC, Ramboll Group, SLR Consulting Limited, WSP, among others. |
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.
Research Methodology
