Why Accenture (ACN) Is Buying Avieco

By Amit Chowdhry ● Apr 8, 2022
  • Accenture (NYSE: ACN) announced it is buying Avieco. This is why.

Accenture (NYSE: ACN) recently announced it agreed to acquire Avieco, a leading U.K. sustainability consultancy. And upon the closing of the deal, the acquisition will build on Accenture’s scale and expertise in helping companies across a wide range of sectors to understand, manage and improve their sustainability performance, and create sustainable value for their stakeholders.

This acquisition will strengthen the Accenture Sustainability Value Promise to embed sustainability into everything the company does to create business value and sustainable impact for everyone it serves, at a time when increasing regulation and new standards are expanding the call for accurate data in decision-making by clients across industries.

Avieco’s team of over 60 professionals, headquartered in London, will bring extensive knowledge in environmental, social, and governance (ESG) measurement and reporting, net-zero strategy and regulation, and real-time data analytics to Accenture’s Sustainability Services in the U.K. Avieco’s expertise in sustainability consulting spans a broad range of industries including retail and consumer goods, financial services, technology, and media.

Accenture Sustainability Services provides distinctive services and solutions for clients to become net-zero and circular businesses, utilizing digital investment to create intelligent organizations that are sustainable at their core. And along with its ecosystem partners and ventures into disruptive technologies, as well as deep functional expertise in CFO & Enterprise Value, Accenture is driving transformations at scale with the tools, technology, and methodologies that embed sustainability data, decision-making, and performance to effectively measure business value and sustainable impact for all stakeholders.

The terms of the transaction were not disclosed. And the completion of the acquisition is subject to customary closing conditions.

KEY QUOTES:

“I am delighted to welcome Avieco to Accenture. Its expertise in helping businesses better measure and drive value and impact from their sustainability initiatives for all stakeholders in response to growing demand for transparency and accountability will make it a great fit for Accenture. Effective data analytics and ESG measurement and reporting are vital to driving growth through truly sustainable business models and better decision making. Avieco will enhance our ability to help our clients put sustainability at the heart of their business transformations.”

— Toby Siddall, Accenture’s Sustainability Services lead in the U.K. and Ireland

“Avieco plays a central role in helping businesses in the U.K. and Ireland to create a sustainable, low-carbon economy and society. Accenture’s commitment to sustainability is strongly aligned to ours and its scale will help us expand our mission to turn sustainability promises into actions. Being part of Accenture will create new opportunities for our people and our combined expertise will help businesses become truly sustainable.”

— Ben Murray, CEO of Avieco

“The acquisition of Avieco will underscore our commitment to scale the sustainability services we offer clients and deepen our knowledge and experience. The extensive experience of Avieco’s team with organizations across the U.K. and Ireland will significantly strengthen our ability to help all clients improve ESG performance and embed sustainability into their core business as it becomes an ever-more important driver of competitiveness.”

— Peter Lacy, Accenture’s global Sustainability Services lead, global management committee member, and chief responsibility officer

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.