RSK has once again been named the second-largest environmental consultancy in the UK, securing a place in the top three for the third consecutive year.
Environment Analyst’s latest UK E&S Market Assessment report shows a resurgence in demand for environmental and sustainability (E&S) consulting services as a result of environmental, social and governance (ESG) and net-zero imperatives. RSK ranked just behind Jacobs and ahead of WSP, AECOM and Tetra Tech as the top-five E&S practices in the country.
It is the third year RSK has made the top three, having been named third in the UK in the 2019/20 E&S Report and climbing to second place in the 2020/21 report.
RSK was ranked first in contaminated site assessment/remediation consultancy; second in both ecological wildlife services consultancy and environmental risk and due diligence consultancy; fourth in impact assessment consultancy; and fifth in sustainability strategy and ESG consultancy.
And in client sectors, RSK was ranked second in companies working for the regulated industries (energy, water and waste), infrastructure and development clients; and fifth in companies working for government and agencies, as well as those working for extractive, manufacturing and processing clients.
The market assessment found that the E&S sector was remarkably resilient to the coronavirus pandemic and lockdowns from March 2020, recording strong growth of 5.1% in that year to take the market value beyond £2 billion for the first time.
This growth is expected to continue throughout 2022 and 2023, despite the rise in inflation and economic slowdown in the UK.
The E&S sector is expected to grow to about £2.7 billion by 2025 as clients across industries move from developing ESG, climate and sustainability strategies to taking action on them.
And now that the financial and investment community has arrived in the ESG space, scrutiny of greenwashing will increase, as will investment opportunities.
Ross Griffiths, operations director at Environment Analyst, said, “The global environment and sustainability consulting sector finds itself at the vanguard of efforts to solve some of the world’s most pressing challenges from climate change to the ongoing biodiversity crisis.
“This year’s market assessment outlines the huge potential of ESG to play a defining role in the development of the UK E&S market going forward, shaping the strategic direction of competitors’ growth and acquisition strategies. Adaptation to incorporate ESG into service offerings is becoming a must-have to remain competitive.
“But the report also outlines the challenges to realising the opportunity. By 2025 this sector will need to recruit an additional 7,200 E&S specialists and substantially improve the diversity, equality and inclusion within this space. Multinational companies are recognising the talent and skills available within the UK and are ramping up recruitment programmes to bolster their sustainability consulting capabilities,” he added.
RSK is delighted to have been recognised as a pioneer in the UK E&S sector for the third year running. As a global leader in the delivery of sustainable solutions, driving the growth and ambition of our business so we can better enable our clients to meet targets and deliver against the Sustainable Development Goals is critical.