Point Advisory joins world's largest (pure-play) sustainability consultancy

01 March 2022 Consultancy.com.au 2 min. read
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Melbourne-based Point Advisory has joined forces with ERM, the world’s largest pure-play sustainability consultancy.

“This is a critical decade for action on climate change, biodiversity loss and delivering on the other SDGs. Joining ERM will enable us to collaborate with a global network of sustainability leaders to help address some of the most pressing challenges facing our planet and people,” said Neil Salisbury, co-founder and CEO of Point Advisory.

Founded in 1971 in the United Kingdom, ERM provides environmental, climate change, health, safety, risk, and sustainability consulting services. The company has grown strongly over the past years through various acquisitions, and today ERM has 6,500+ consultants in over 150 offices in around 40 countries.

ERM acquires Point Advisory

For ERM, the deal adds a team of around 30 experts to its Climate Change and Corporate Sustainability practice in Asia Pacific, and positions the firm as “one of the largest sustainability advisory practices in Australia,” said Matthew Klein, managing partner at ERM.

The bolt-on comes amid a rapidly changing landscape, following the Australian government’s recent commitment to achieving net zero by 2050. “This transition will rapidly accelerate demand for climate change, carbon and sustainability services, similar to what we’ve seen in other markets over the past decade,” said Tom Reichert, the CEO of ERM.

ERM works with stakeholders on both sides of the energy transition. The company is developing plans for coal power plant owners to repurpose their sites, and working with renewable energy company to progress new developments.

The firm positions itself as an end-to-end player, providing strategic advisory, delivery and technical expertise. “We call this capability our “boots to boardroom” approach for its comprehensive service model that allows ERM to develop strategic and technical solutions that advance objectives on the ground or at the executive level,” explained Klein.

In the past twelve months, ERM inorganically expanded its sustainability offerings with E4Tech, Element Energy, Stratos, OPEX and Sustainalize. The group is backed by US private equity giant KKR.

The transaction is expected to close in the second quarter of 2022, subject to regulatory approvals and other customary closing conditions.

In other sustainability deals in the consulting landscape, McKinsey recently acquired Material Economics, DuPont Sustainable Solutions purchased Sofies, and Deloitte acquired Carbon Care Asia.