India ESG and Sustainability Consulting Market: Current Analysis and Forecast (2025-2033)

India ESG and Sustainability Consulting Market Size & Forecast

The India ESG and Sustainability Consulting Market was valued at USD 320.8 billion in 2024 and is expected to grow at a strong CAGR of around 8.2% during the forecast period (2025-2033), owing to the increasing mandates from Indian regulators like SEBI for ESG disclosures.

India ESG and Sustainability Consulting Market Analysis

Many Indian companies have recognized the importance of sustainability and have started implementing sustainability initiatives. This has created a demand for ESG and sustainability consulting services to help them understand the impact of their operations and develop strategies to minimize their environmental and social footprint. For instance, in 2021, Hero Future Energies announced a strategic alliance with Swiss Re to develop and operate solar and wind power projects in India. The partnership aims to support the growth of renewable energy in India and help Swiss Re achieve its sustainability goals.

India ESG and Sustainability Consulting Market Trends

This section discusses the key market trends that are influencing the various segments of the India ESG and Sustainability Consulting market, as identified by our team of research experts.

Growing Integration of ESG in Corporate Strategy

One of the dominant trends present within the ESG & sustainability consulting industry is a growing focus on operationalization of ESG initiatives across companies. As SEBI has made it mandatory for the first thousand firms that are listed in the stock market to implement the BRSR, companies are not just extending their CSR efforts but integrating ESG factors within their risk management and investment strategies. This has increased the need for consulting services that can assist corporations in integrating the GRI, TCFD, and the UN SDGs, the drivers of strategic value out of sustainability, instead of considering sustainability just as a hurdle to pass.

India ESG and Sustainability Consulting Industry Segmentation

This section provides an analysis of the key trends in each segment of the India ESG and Sustainability Consulting market report, along with forecasts at the regional levels for 2025-2033.

The Climate Risk, Adaptation & Resilience Segment Holds the Largest Share of the India ESG and Sustainability Consulting Market.

Based on service type, the market is segmented into climate risk, adaptation, & resilience; sustainable finance & investing; materiality assessments; supply chain management & procurement; policy development & research; and other services. The materiality assessment segment held a significant share of the market in 2024. The Materiality Assessment is the process of identifying and prioritizing the most ESG issues that impact a company’s financial performance, reputation, and stakeholder interests. Materiality assessments have become an essential tool for companies looking to improve their ESG performance and reporting. These assessments help companies identify ESG issues that are most relevant to their business operations, stakeholders, and value chain, and prioritize their efforts to address them. Moreover, rising investment by companies is also driving the segment's growth. For instance, in February 2021, Indian ESG data and analytics firm ESGBox announced a new partnership with sustainability consulting firm ERM. The partnership will focus on providing materiality assessments and other sustainability consulting services to businesses in India and across the Asia-Pacific region.

The IT Segment Holds the Largest Share of the India ESG and Sustainability Consulting Market.

Based on industry sector, the market is segmented into energy and resources, financial services, healthcare, manufacturing, pharma & biotechnology, retail, and other industrial sectors. The IT segment is expected to grow with the highest CAGR during the forecast period. The IT industry in India is one of the largest and fastest-growing in the world and has a significant impact on the environment and society. As a result, there is a growing demand for ESG and sustainability consulting services in this sector. The focus of ESG and sustainability consulting in the IT sector includes a wide range of issues such as carbon emissions reduction, energy and water conservation, responsible e-waste management, sustainable supply chain management, data privacy and security, and social and ethical issues related to labor. One recent investment in the ESG and sustainability consulting market in India’s IT sector is the collaboration between Infosys and Mongolian firm Clean Energy Asia LLC (CEA). Infosys, a leading IT consulting firm in India, has announced that it will invest USD 3 million in CEA, which specializes in renewable energy and clean technology.

North India Leads the Market

The North Indian segment of the ESG and sustainability consulting market is in a phase of rising traction, specifically because of the increasing regulatory standards, pressure from investors, and the changing focus on sustainability among businesses. Overall, major cities like Delhi NCR, Chandigarh, and Lucknow are observing an upsurge in sectors like the manufacturing of goods, infrastructure construction, and IT services, adopting ESG frameworks. It seems like companies are looking for consulting help for compliance with ESG, creating value, and increasing stakeholder trust, which makes the region an attractive market for ESG-specializing consulting services.

India ESG and Sustainability Consulting Industry Overview

The India ESG and Sustainability Consulting market is competitive and fragmented, with the presence of several country market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions.

Top India ESG and Sustainability Consulting Companies

Some of the major players operating in the market include McKinsey, Deloitte, Boston Consulting Group, EY, KPMG, Bain & Company, LEK Consulting, PwC, Mercer, and DSS+.

Recent Developments in the India ESG and Sustainability Consulting Market

• In July 2022, Tata Consultancy Services launched its ESG Integration Solution on the Amazon Web Services (AWS) platform to help financial institutions more easily and accurately measure the impact of environmental, social, and governance (ESG) factors in their investment analysis.

India ESG and Sustainability Consulting Market Report Coverage

Reasons to buy the India ESG and Sustainability Consulting Market Report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

• The report presents a quick review of overall industry performance at a glance.

• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive regional-level analysis of the industry.

Customization Options:

The India ESG and Sustainability Consulting market can further be customized as per the requirements of any other market segment. Besides this, UnivDatos understands that you may have your own business needs; hence, feel free to contact us to get a report that completely suits your requirements.