And.hat’s something consultants are in a prime position to advise on. Notably, some consulting firms are not only creating a sustainability practice but they are also integrating sustainability thinking into all its other practices. Sustainability Consultancy As companies recognize economic and social value in going green, they increasingly seek advice from sustainability consultancies. Role of a Sustainability Consultant Management consultants are in a prime position to motivate companies to embark on corporate sustainability . It is used in the context of carbon dioxide releasing processes, associated with transportation, energy production and industrial processes. They advise on ways to reduce client costs, add value to clients’ operations, and increase client competitiveness – both of which can be achieved by employing corporate sustainability within corporations. According to the Economist, 55% of the world’s leading companies have policies to reduce energy consumption but 86% of those companies lack the capability to measure and report on their carbon footprint. Management consultants are in a prime position to introduce corporate sustainability to companies and governments worldwide. Who knows, perhaps a goal of carbon neutrality may bring some balance between consultants’ work and life. Studies show that to successfully incorporate corporate sustainability in companies, it is crucial that this type of initiatives and practices be aligned with the overall corporate strategy.
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“Those responsible for the Deepwater Horizon spill are paying, but we are still tens of billions short” in paying for the coastal restoration plan, New Orleans Mayor Mitchell Landrieu said at a conference in June. “It’s time for a new covenant, between the leaders of the oil industry and the people of Louisiana: We want you to drill and explore, but only if we repair what you have broken.” Landrieu’s remarks touch on a sensitive issue for Louisianans: The BP settlements are funding a good deal of the state’s coastal restoration plans. To what extent should the rest of the oil and gas industry do the same? It’s not just a theoretical question. Four parishes – Jefferson, Plaquemines, Cameron and Vermilion – are suing dozens of oil companies for money to fund coastal restoration projects in their vicinity. The suits allege that, over decades, the companies violated their coastal land use permits by not remediating the areas in which they operated. The industry has been contending with similar “legacy suits” for at least 15 years. New this time around is the establishment support this effort has received from politicians as high as Gov. John Bel Edwards, D. In April, Edwards moved to make the state of Louisiana a plaintiff in the litigation.
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