Depending on the industry and company size, the average salary for a full-time Chief Sustainability Officer (“CSO”) ranges between $170,000 to $300,000, excluding benefits and taxes. In contrast, a Fractional CSO’s hourly rate ranges from $200 to $300 per hour, typically working 1-2 days per week on their core responsibilities. This translates to an estimated annual cost of approximately $60,000 to $120,000 for a Fractional CSO, significantly lower than a full-time position. Moreover, fractional arrangements offer flexibility and scalability, aligning costs with specific project needs and budgetary constraints, as CSOs spend large amounts of time reporting annual efforts at the end of fiscal year reporting periods.
Engaging a Fractional CSO presents several advantages:
-
Cost-Efficiency: Achieve sustainability leadership at a fraction of the cost compared to a full-time CSO.
-
Expertise and Experience: Access seasoned sustainability professionals with diverse industry knowledge.
-
Flexibility: Adapt resource allocation based on evolving sustainability priorities and project timelines.
-
Risk Mitigation: Minimize risks associated with supply chain management, operations, human capital, and governance.
-
Innovation and Collaboration: Stimulate innovation and foster collaboration through fresh perspectives and strategic insights.
For more information on how Fractional resourcing can maximize sustainability efforts visit our previous blog post.
About FSI’s Fractional CSO Services
Full Scope Insights provides fit-for-purpose fractional CSO and ESG Program Management services. We specialize in developing and executing value-add sustainability strategies for public and private organizations in a cost-efficient manner. Our fractional resources provide our clients with flexibility in the way they structure their human capital needs and ESG program sensibly. For more information visit www.fullscopeinsights.com.