A global survey of 250 heads of sustainability conducted by independent analyst firm Verdantix finds that, in 2012, the highest brand preference for sustainability consulting was achieved by Ernst & Young, for sustainability assurance by KPMG, for sustainability software by Microsoft and in the not-for-profit category by the Carbon Disclosure Project (CDP). The survey is based on interviews with the most senior sustainability decision-makers in firms with annual revenues greater than $250 million, across 21 industries in 13 countries.
“Global firms and entrepreneurial ventures are battling it out in the sustainability market to develop brand recognition in multiple countries and achieve brand preference over competitors” commented Patty Satkiewicz, Verdantix Industry Analyst and author of the report. “The Big Four accounting firms – Deloitte, Ernst & Young, KPMG and PwC – have secured the strongest brand preference in both the sustainability consulting and sustainability assurance markets. Since this is a market which requires deep pockets, the Big Four’s dominance already looks ominous for their competitors.”
The study, Verdantix Global Sustainability Survey: Brands, covers brand recognition and brand preference in the sustainability consulting, assurance, software and not-for-profit categories. Key findings in each category:
“The Big Four’s global scale and their willingness to make strategic investments have enabled them to out-muscle management consultancies in multiple markets” commented David Metcalfe, Verdantix CEO. “Even in the assurance market, the Big Four now have higher brand awareness than the global environmental certification players like DNV, SGS and URS Corporation. The fact that most not-for-profits in the sustainability sector still have more brand recognition than global software firms like Oracle reflects the step change that corporate marketing departments need to make to engage with newly appointed sustainability leaders.”