June 24, 2008
Monitor Group and Esty Environmental Partners Announce Exclusive Strategic Partnership
Monitor Group, one of the world's leading advisory and consulting firms, announced today an exclusive partnership with top environmental consulting firm Esty Environmental Partners. Monitor's strategic business insight, coupled with Esty Environmental Partners' expertise in "green" business and corporate sustainability creates a powerful set of offerings for corporations seeking to build sustainability into their growth and competitiveness strategies.
As demand for environmental performance grows on the part of customers, employees, shareholders, and the capital markets, it will be increasingly important to bring an environmental lens to product design, supply chain management, marketing, branding, and competitive positioning. Companies must move beyond the appearance of sustainability and instead develop substantial and authentic strategies that address environmental impacts and move toward solutions.
"Sustainability has a direct impact on profit, loss and reputation. The companies best positioned to succeed in today's economy are those with a business strategy that incorporates the right balance of social and environmental responsibility, including sustainability. This balance is attractive to key constituents including customers, shareholders and employees," said Joe Fuller, CEO of Monitor Group. "Esty Environmental Partners' world class expertise on sustainability, coupled with Monitor Group's Business Strategy, Innovation, Marketing Strategy, and Organizational Strategy are a powerful combination for companies."
The partnership will help companies develop a comprehensive understanding of their environmental footprint and a full view on the potential impact on operating costs, business risk, and new growth opportunities. Working with the frameworks drawn from Dan Esty's prize-winning book, Green to Gold, Monitor and Esty Environmental Partners will be in a position to enable clients to make better decisions in a rapidly-changing and resource-constrained environment.
"Environmental challenges provide a continually evolving set of challenges and opportunities for companies. Those who respond strategically will be positioned to innovate and lead," said Daniel Esty, Chairman of Esty Environmental Partners. "Monitor shares this view, and believes that corporations need both business strategy expertise and environmental domain expertise to succeed. We are excited about this partnership and the promising road ahead."
Founded in 2006 on twenty years of Esty's work as a Yale Professor and one of the world's leading corporate environmental strategy thinkers and advisors, Esty Environmental Partners helps companies understand how to develop and implement environmental strategies that provide business advantage. Using Esty's work as the basis to explain the causal factors behind successful and failed environmental strategies, Esty Environmental Partners applies a set of insights, tools, and frameworks to real practice, helping companies achieve positive results from their environmental initiatives.
Esty's most recent book, Green to Gold, draws on analysis and interviews with hundreds of companies across the world and provides the underpinning for the Esty Environmental Partners frameworks and best practices. Hailed as a breakthrough in corporate environmental strategy and a "must read for the 21st century CEO," the book provides cutting edge guidance for executives on how to face environmental challenges and seize environmental leadership.
About Monitor Group
Monitor Group works with the world's leading corporations, governments and social sector organizations to drive growth on the issues that are most important to them. The firm offers a range of services - advisory, capability-building and capital services - designed to unlock the challenges of achieving sustained growth. Founded in 1983 by six entrepreneurs, including Harvard Business School Professor Michael Porter and Monitor's current Chairman Mark Fuller, Monitor brings leading edge ideas, approaches and methods to bear on clients' toughest problems and biggest opportunities. Headquartered in Cambridge, Massachusetts, the firm employs over 1,500 people in 22 countries worldwide. For more information visit www.monitor.com.
About Esty Environmental Partners
Esty Environmental Partners works with clients to develop business strategies that systematically address their sustainability challenges. We offer consulting and education services to executives seeking to drive innovation, create shareholder value, and differentiate their companies in the marketplace. The firm's analytic frameworks, tools, and approaches build on two decades of in-depth experience advising companies of all sizes across a range of industries, as well as on world-leading academic research culminating in Dan Esty's best selling business book: Green to Gold, How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage. With a seasoned team of professionals experienced in strategic management consulting, corporate communications, and environmental NGO partnerships, Esty Environmental Partners offers its clients cutting-edge thinking, systematic analysis, and access to best practices from global sustainability leaders. For more information visit www.estyep.com .