Grant Thornton US partner in public policy and external affairs
Michael Krzus told the The Accountant the US firm will
launch a sustainability practice in the near future.

Krzus also predicts mid-tier firms
such as Grant Thornton and BDO will start to develop sustainability
services.

Traditionally, sustainability
services such as assurance, carbon markets advice and supply chain
management have been the domain of the Big Four (see chart
below).

Krzus said a major factor behind
this is the lack of resources available to the mid-tier.

However, he said interest and ideas
around sustainability have been surfacing recently from Grant
Thornton member firms.

The UK firm is currently drafting a
business plan for a sustainability practice based on experience a
senior manager gained when on secondment to the Prince’s Accounting
for Sustainability Project.

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Krzus, who plies his trade with the
US firm, is an expert on sustainability reporting and is the
co-author of the book One Report, Integrated Reporting for a
Sustainable Strategy.

Despite the fact the business plan
will be written from a UK perspective, Krzus said he can see it
being shared globally.

“If we focus on carbon, carbon is a
universal issue, it is not an issue that is limited by geographic
boundary and we will develop different kinds of expertise,” he
added.

 

Big Four

Sustainability and climate
change services

Firm

Summary of services provided

Total full-time staff

Pricewaterhouse-Coopers

Climate change and carbon markets;
measuring, managing, reporting and assurance; financing solutions
and M&A support; strategy support and engaging employees; and
sustainable supply chain services.

800

Deloitte

Carbon trading, accounting, risk
management and valuation; emissions management, reporting,
assurance and disclosure; and comprehensive greenhouse gas strategy
development and execution services.

600(e)

Ernst & Young

Governance, risk management and
strategic direction; programme management; sustainable supply chain
advisory; climate change and sustainability related regulation and
taxation efficiency; financial and non-financial measurement and
reporting; finance and transactions; IPO and related services for
cleantech, renewable energy and environmental companies; and
transactions advisory services.

700+

KPMG

Climate change services: sustainable
supply chain; sustainable IT (green IT ); Clean Development
Mechanism project development support and JI determination services
(validation and verification); corporate climate change/carbon
strategy; carbon valuation; emissions trading; climate change risk
management; carbon footprint; CO2 verification. The firm
also provides services in CR reporting and assurance; CR strategy
support; environmental, health and safety due diligence; risk and
opportunity analysis; performance management and reporting system
development; policy and process development.

300+

Source: The Accountant