What are the costs of preparing an ESG report with a consultant?
The cost of a sustainability report with a consultant typically ranges between €5,000 and €25,000, depending on corporate complexity and the scope of advisory services. Additional annual update costs range from €2,000 to €8,000. In comparison, ESG Lift offers a software-based alternative starting at just €890 annually, enabling efficient ESG reporting in 1–3 hours without external support.
What services are included in the advisory fee?
A VS consulting mandate typically comprises:
• Kick-off and materiality assessment (2–4 hours)
• Data collection and stakeholder interviews
• Analysis and documentation of all 100+ ESG data points
• Report compilation and quality assurance
• Presentation and final handover
How much does a VS report cost under different consulting models?
Major accounting firms (Big 4): €15,000–€25,000
Mid-sized sustainability consultancies: €8,000–€15,000
Local consultants/freelancers: €3,000–€8,000
ESG software (ESG Lift): €590–€1,590/year
When does hiring a consultant still deliver value?
Engaging an external consultant is beneficial if you require the development of a comprehensive sustainability strategy, the establishment of structured stakeholder engagement, or external assurance in addition to standard ESG reporting. For the sole generation of the VS report, ESG software is the more cost-effective solution.
Are funding subsidies available for sustainability consulting costs?
Yes: SMEs can obtain subsidies for corporate consulting services via the BAFA funding programme (Federal Office for Economic Affairs and Export Control). Local chambers of commerce and industry (IHK) also offer grants for initial ESG consultations. The funding rate typically covers 50–80% of the advisory fees, subject to specific maximum thresholds.
Sustainability report with a consultant: Cost comparison of different advisory formats, when a consultant is worthwhile, and which more cost-effective ESG reporting alternatives exist.