After careful consideration, I've decided to put my side hustle for sale for sale.
The decision to sell comes from a place of recognition that it requires more time and investment than I can currently provide
If you're interested in exploring this opportunity - reach out!
How do you back the claim you know they are actively looking? Thanks.
Regulators are now asking for companies, especially the ones traded publicly, to regularly check in on their ESG (Environmental, Social, and Governance) and carbon footprint stuff. It turns out companies are often teaming up with more than one expert to help them out every quarter.
Check out this link for more on the rules around this: SP Global ESG Regulatory Tracker.
Because of these rules, and also because customers really care about this stuff, there's a booming business in helping companies get their ESG and carbon management sorted. If you're in the supply chain biz, getting an ESG checkup is pretty much a must-have if you want to work with the big public companies.
Here's something interesting on the market ESG: Verdantix says spending on ESG consulting is going to grow by 17% every year from 2022 to 2027.
This whole situation sets up the right dynamic for ESG and carbon management providers to compete on prices and what they offer.
Thanks. I know there is a big market, but I'm trying to work out if this is buyer intent or not and, if it is, what data that intent is based on? Or is it just all businesses that may have ESG requirements based on poor ratings?
The database collected is based all the S&P 500 that active ESG teams.
Companies that publish ESG reports / Carbon management audit - regardless of their rating - this is changing from quarter to quarter for them.
Considering this companies are very active in this space and are investing in building teams & process around the ESG & Carbon management topic the intent is there.
What this side hustle need to scale is significant time invested in marketing and distribution - e.g. engaging with start start-ups, consultants that provide ESG solutions, high activity on X, ESG/ Carbon management groups, ...
Thanks for the response.