Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Our global leader for energy & cleantech welcomes growth opportunities extra government scrutiny brings
The cleantech sector has been buoyed recently by government decisions on both sides of the Atlantic. While Europe has historically taken a global lead in introducing green policies, the United States, polarised by partisan politics, has been something of a laggard, refusing to sign the Kyoto Protocol and resisting attempts for a subsequent global agreement.
However, it would be a mistake to assume that federal inertia is mirrored uniformly at state level in the US, or that US companies are blind to the opportunities, but progress on the ground has now been boosted by a visible determination by the White House to take a lead on climate change.
First to Europe, where the European Commission voted in July to require member states to boost energy efficiency by 30% by 2030 (from 2007 levels). Although European governments will not decide whether this is legally binding until they meet in October, the move gives a strong signal to the market that should encourage cleantech investment.
As I have written previously, the crisis in Ukraine and ensuing sanctions aimed at Russia have raised the energy security alert level across the region, encouraging progress towards developing a broader energy mix and hopefully bringing short and long-term energy concerns more into alignment. Incentivising businesses and households to use less energy not only lowers bills but also reduces demand.
But perhaps the more surprising news comes from the United States. In July, the US and China – both the world’s largest economies and carbon emitters – signed a series of partnership pacts that seek to limit greenhouse gas emissions. The agreements between companies and research institutions include knowledge sharing around nascent technologies, such as carbon capture and storage (CCS), which could help make coal-fired power stations less polluting. The deal follows regulations set out by the Obama administration that would cut carbon pollution from power plants 30% by 2030 (from 2005 levels).
Action in the US has been slow, but there are signs following the publication of the Risky Business report at the end of last year that public opinion is waking up to the climate change threat. The report highlighted threats to infrastructure, agricultural productivity and public health posed by rising sea levels and higher temperatures. The White House says every decade of inactivity will result in 40% higher losses from and costs due to climate change by deepening the risks to property and livelihoods. It estimates a 4°C rise in world temperatures would slow the global economy by some 3.1%.
But it’s never plain sailing. In July, Australia acquired the dubious distinction of being the first developed nation to repeal a carbon tax. On a per capita basis, Australia’s greenhouse emissions are worse than the USA’s and almost four times higher than the global average.
The renewed sense of urgency from governments in the world’s major economic blocs, however, should present growth opportunities in the energy and cleantech sector. The good news uncovered by our Q2 International Business Report (IBR) is they are ready to meet the challenge.
Cleantech businesses remain committed to innovation; 57% are planning to increase their R&D spend over the next 12 months, which is more than double the all-sector global average (28%). Almost one in two (46%) expect to develop or launch a new product or service in the year ahead, compared with fewer than one in three (29%) globally. Other growth indicators for the sector – revenues, profits, employment and investment – all remain robust, suggesting that businesses feel able to innovate while still expanding.
Clean technologies offer economies a means of mitigating the impact of energy production on the environment, not to mention the volatility of cost and supply. Notwithstanding a complex mix of signals, it would seem that cleantech continues to have the wind in its sails.