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Sustainability Assurance: Global Market Forecast 2016-2021

Date: 30 June 2016

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15 pages

Executive Summary

Assurance providers continue to deliver varying scopes, ranging from supply chain data verification and internal control audits to full sustainability report assurance, with a majority of engagements being conducted to the limited assurance level. This report helps practice leaders, executive directors and marketing officers at certification and verification firms and assurance providers – such as major audit firms and environmental consultants – understand their addressable market opportunity, define business development priorities and forecast revenue streams accordingly. Verdantix forecasts the global sustainability assurance market will grow from $141 million in 2016 to $169 million in 2021, at a CAGR of 4%.


Sustainability Consulting: Global Market Forecast 2015-2021
Segmenting And Forecasting The Sustainability Assurance Market
Spending On Sustainability Assurance Will Total $141 Million In 2016 Across Nine Territories
The Sustainability Assurance Market Remains A Small, Slow Growth Segment
The Global Sustainability Assurance Market Will Grow By Just 4% Per Year To Reach $169 Million By 2021
More Rapid Growth Will Require A Sea Change In Regulations In Multiple Countries


Figure 1. Engagement Category Definitions
Figure 2. Categorization Of Industries By Sector
Figure 3. Sustainability Assurance Spend By Engagement Category In 2016
Figure 4. Sustainability Assurance Spend By Country In 2016
Figure 5. Sustainability Assurance Spend By Sector In 2016
Figure 6. Sustainability Consulting Spend By Industry Sector In 2016
Figure 7. Evolution Of Sustainability Assurance Spend By Country 2016-2021
Figure 8. Evolution Of Sustainability Assurance Spend By Engagement 2016-2021
Figure 9. Evolution Of Sustainability Assurance Spend By Sector 2016-2021


AccountAbility, American Institute of CPAs (AICPA), BASF, Bloomberg, Bombay Stock Exchange, Bureau Veritas, Business & Human Rights Resource Centre, California Air Resources Board (CARB), Carbon Trust Standard, CDP, CFA Institute, CICERO, Climate Bonds Initiative, The Coca-Cola Company, Control Union, Deloitte, DNV GL, Dow Jones Sustainability Indices (DJSI), EIRIS, ERM CVS, European Federation of Financial Analysts Societies (EFFAS), European Union (EU), EY, Global Sustainability Standards Board (GSSB), GRI, Hong Kong Stock Exchange, IERS, International Standard on Assurance Engagements (ISAE), International Standards Organization (ISO), Intertek, ISOS Group, KPMG, Maplecroft, MSCI, NASDAQ OMX, National Stock Exchange of India, NYSE, oekom research AG, People’s Bank of China, Philips, POINT380, PwC, SASB, Securities and Exchange Board of India (SEBI), SEDEX, SGS, Siemens, Sustainalytics, Taiwan Stock Exchange, U.S. Securities and Exchange Commission (SEC), Unilever, United Nations, Vigeo, VitalMetrics, Walmart, World Business Council for Sustainable Development (WBCSD), World Federation Exchange, World Resources Institute (WRI)