PwC buys sustainability business
PricewaterhouseCoopers has moved to expand its fast-growing environmental consultancy unit by buying advisory firm Sustainable Finance Limited.
The Big Four firm said its latest acquisition will help it identify and mitigate environmental and social risks within clients’ businesses. The firm’s sustainability and climate change services in the UK have trebled in size in the past 18 months.
SFL was established in 2003. Shortly after, it helped to develop the Equator Principles, the international industry standard for managing environmental and social risks in …
PricewaterhouseCoopers has moved to expand its fast-growing environmental consultancy unit by buying advisory firm Sustainable Finance Limited.
The Big Four firm said its latest acquisition will help it identify and mitigate environmental and social risks within clients’ businesses. The firm’s sustainability and climate change services in the UK have trebled in size in the past 18 months.
SFL was established in 2003. Shortly after, it helped to develop the Equator Principles, the international industry standard for managing environmental and social risks in project finance.
Ian Powell, PwC’s UK chairman and senior partner, said: ‘We believe it is vital for us to accelerate our investment in sustainability services, particularly in the financial services sector as it seeks to rebuild trust and confidence. We are delighted that the SFL team are joining us.’
Late last year PwC appointed Malcom Preston as chief executive of its sustainability and climate change practice and also appointed three partners to the team.
Co-founders Leo Johnson and Matt Arnold will join the PwC partnership in the UK and US respectively.
Further reading
January 26, 2009
I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.