Consulting firm Deloitte has allocated $1 billion to strengthen its sustainability and climate department to help clients in their transition to net zero. Business demand for services in the area of net zero transitions, also known as Environmental, Social, and Governance (ESG) consulting, will increase dramatically this decade, according to Deloitte.

The Boston Consulting Group is also investing $400 million in meeting 2030 climate targets. In addition, McKinsey & Company has launched a new ESG practice to support clients’ green operations. Accenture has launched a large-scale campaign to increase its commitment to environmentally friendly operations. KPMG already announced in 2021 it will put a billion dollars into sustainability and ESG services.

Punit Renjen, CEO of Deloitte Global, said, “Taking action on climate change and sustainability more broadly is not a choice. It is an imperative. And we all have a role to play. But business is in the best position to lead on this. We have the resources, the skills and the influence to help build stronger and more sustainable communities. And it is our collective environmental and social footprint that has the potential to make or break this decade of action.”