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Australia Sustainable Business Spending 2013-2018

Date: 30 July 2014

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23 pages, 10 Figures 

EXECUTIVE SUMMARY

Verdantix Critical Moments is a globally scalable model that sizes, forecasts and describes the direction of sustainable business spending. This report, focused on the Australian market, provides business leaders in market-facing and corporate roles with an independent analysis of spending in Australia across 29 energy, EH&S and sustainability initiatives. Built from publicly disclosed 2013 revenue data from 225 corporates with revenues of more than $1 billion, the model finds that sustainable business spend will grow from $2.8 billion in 2013 to $3.5 billion in 2018. In 2014 businesses in Australia will face significant changes in policy as the Coalition government abolishes the carbon tax, and introduces legislation to close down the Renewable Energy Agency. The analysis finds that, as a whole, spend in Australia’s sustainability market will grow at a compound annual growth rate of 4% due to the expansion of energy management programmes and incremental growth in sustainability programmes. The axing of a formal carbon market will drive down expenditure on compliance and sustainability strategy..

 

TABLE OF CONTENTS

AUSTRALIA SUSTAINABLE BUSINESS SPEND IN 2014

Political Change Shakes Up Australia’s Sustainability Market
Australia’s Sustainable Business Market Will Be Worth $2.9 Billion In 2014
Extractive Firms And Retailers Will Account For Majority Of Spend In 2014
EH&S And Energy Management Will See Significant Investment In 2014

AUSTRALIA SUSTAINABLE BUSINESS SPENDING FORECAST 2014-2018

Future Spend Is Depressed By Regulatory Headwinds
Sustainable Business Spend In Australia Will Grow At 4% Annually
Energy Management And Innovation Initiatives Will See Highest Spending Growth
Executives Need To Factor In Declining Spend On Sustainability Compliance & Strategy

BUSINESS PLANNING MUST EXPLORE SUSTAINABILITY SCENARIOS

Analysis Identifies Key Sensitivities Influencing Australia’s Sustainability Market

TABLE OF FIGURES

FIGURE 1. Sustainable Business Spending Initiative Definitions
FIGURE 2. Market Segments Are Split Into Five Categories Of Spend
FIGURE 3. Critical Moments® Analysis Is Based On Financial Data For 20 Industries
FIGURE 4. Australian Sustainable Business Market Opportunity 2013-2018
FIGURE 5. Australian Spend On Sustainable Business In 2014 By Industry ($m)
FIGURE 6. 
Australian Sustainable Business Market Opportunity By Initiative 2014 ($m)
FIGURE 7. Critical Moments® Applies Economic, Market And Regulatory Drivers
FIGURE 8. Major Carbon, Energy Efficiency & Renewables Mechanisms In Australia
FIGURE 9. 
CAGRs Of Spend On 29 Sustainable Business Initiatives 2013-2018
FIGURE 10. Market Forecast For Spend On 29 Sustainable Business Initiatives 2014-2018

ORGANIZATIONS MENTIONED

AGL Energy, Australia and New Zealand Banking Group, Australian Energy Market Operator, Australian Renewable Energy Agency, BHP Billiton, Bureau of Meteorology, Bureau of Resources and Energy Economics, Chevron Australia, Coles, Deloitte, Elster EnergyICT, Energetics, EnergyAustralia, Envizi, Ernst & Young, ExxonMobil Australia, Ford, General Motors Holden, Google Australia, International Monetary Fund, KPMG, Lend Lease, Metcash, Minerals Council of Australia, National Australia Bank, Orica, Origin Energy, Rio Tinto, St. George Bank, SP AusNet, Super Retail Group, Toyota, Woodside Petroleum, Woolworths