Amid a growing call for reducing atmospheric concentrations of CO2 to 350 parts per million, a group of economists maintains that striving to meet that target is a smart investment — and the best insurance policy humanity could buy.
Verdantix, recently released a free report, that explains why the Chief Sustainability Officer (CSO) is needed, defines the role of the CSO, and provides a profile to guide the appointment of the CSO. It also explains why organizations face a climate change and sustainability management deficit, why fixing sustainability governance gains is becoming a major priority by a growing number of firms, how the CSO can spearhead business transformation, who the ideal candidate for the chief sustainability officer role is, and what are the three priority areas of domain expertise.
A recent survey found that the majority of corporate sustainability leaders believe that their sustainability initiatives have significant strategic value for their organizations, but also feel that measurement for these initiatives are lacking, which makes communicating the outcomes of their efforts more challenging.
As individuals from all kinds of backgrounds and industries push into the field of sustainability consulting, it can become murky as to what that work even entails. This is especially true when considering the different perspectives and methodologies that are employed and adding even more complexity is the variability among clients and their needs. Thus, this quote sums up for me what sustainability consultants are trying to do – they help businesses address and redress the way in which they operate so that they will be better positioned for the market of the future a la decreasing their negative impact on the natural environment. Some argue that like the trends of international business and e-commerce, sustainability will at some point cease to be its own discipline and assume its rightful place within all of business practices. (At which time sustainability consultants will become just “consultants” and we can never have enough of those!)
In the US market demand for advice on climate change and sustainability is growing due to a dramatic shift in US climate change policy, the cost reduction potential of “green” programs and competitive pressure to implement a climate change strategy. Consulting firms that fail to establish their climate change expertise during 2009 will miss out on the biggest opportunity in the consulting market for 20 years, according to independent research conducted by Verdantix. The ground-breaking analysis of the US climate change consulting market applies 56 evaluation criteria to assess 19 consulting and professional services firms including BCG, Booz & Company, CH2M Hill, ENVIRON, ERM, Ernst & Young, ICF International, McKinsey & Company, PA Consulting Group and PwC.
