Consultancy companies doubling capacity in sustainability divisions

As the top 1,000 listed companies prepare to submit their business responsibility and sustainability reporting disclosures — made mandatory this financial year onwards — consultancy firms are doubling capacity in their sustainability divisions.

According to industry sources, about 350-400 of the 1,000 companies have already engaged the services of sustainability consultants. Many have appointed chief sustainability officers as well.

“Many global organisations have set up specific targets over the period on ESG-related matters and they seem to be moving ahead with specific action steps and investments. Several Indian companies seem to be in early stages of formulating their ESG strategy,”