Tech and accounting firms rank as most preferred to provide sustainability-related consulting services, as demand for technology capabilities increases.
A report from Source Global Research released Monday shows that the sustainability consulting market reached $45 billion in revenue in 2022, up 9.8% from the previous year. It’s projected to reach $61.9 billion in 2026, with a compound annual growth rate of 8%. The report comes as climate change and regulatory discussions continue to escalate. Key findings include:
- IBM, Accenture, and Deloitte are the most preferred providers for sustainability-related work. Clients focused on clean technology, emissions reporting and supply chain efficiency. Bain & Company, EY, KPMG and PwC ranked next highest.
- Financial services ($11.4 billion) and manufacturing ($10.7 billion) topped industries investing the most in sustainability issues. Clients sought assistance with sustainable financing, environment social and governance (ESG)-related risk management and implementation of clean technology.
- By services, technology transformation increased 10.5% in 2022, reaching $7.8 billion, and spending on infrastructure services rose 10.3% to $8.4 billon. ESG risk and reporting rose 9.4%, reaching $7.09 billion.
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