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Singapore sustainability consultancy scales back
The Transmutation Principle CEO Thibaut Meurgue-Guyard cites ESG backlash, corporate retreat from decarbonisation and burnout among sustainability professionals as the consultancy winds down.
By Robin Hicks
3 minute readMay 11, 2026
Singapore sustainability consultancy The Transmutation Principle (TTP), known for its climate education workshops and corporate sustainability training programmes, is scaling back operations and reducing its team.
In an email sent to partners and clients, the firm said co-founders Thibaut Meurgue-Guyard and Rochelle Cananua would continue advancing climate education work in Singapore and Manila, while the rest of the team would depart over the coming months.
As well as running climate education workshops, TTP is known for working with fellow consultancy The Matcha Initiative to bring popular sustainability event AlterCOP to Singapore, which runs parallel to the annual United Nations COP climate talks.
“It is a rough time for the sustainability industry right now,” TTP acknowledged in the email. “We urge that you continue to support ESG partners and the ecosystem, while time is still on our side.”
The consultancy added that it would prioritise helping employees transition into new roles. Its team included sustainability communications specialist Madeline Toh, climate educator Natasha Lye, and sustainability consultants Miriam Yu and Valencia Fortuna.
The announcement reflects a broader reckoning across the sustainability industry, where firms that expanded rapidly during the ESG boom are now confronting tighter corporate budgets, weaker corporate appetite for sustainability spending and slower demand for advisory services.
ESG teams at major firms including Citigroup have faced cuts over the past year, while consultancies and corporates have reported weaker sustainability spending amid economic uncertainty and political backlash against ESG. In Singapore, the delay to mandatory climate disclosure rules has also reduced immediate pressure on companies to invest in sustainability consulting support.