Not especially: there is an abundance of immanent ethical theories that define the Good (or Right) in terms of basic things in our grasp: the number of people who go hungry, the number of people who die of preventable diseases, &c. These don't require some spooky or transcendental universal fundamental: they're about seeing people suffer in ways that we can measure, seeing that many patterns of suffering are generalizable, and taking actions to countermand that.
(There are also plenty of ethical systems that are both immanent and non-consequentialist. I follow one of them. But it's maybe beyond the point of the original comment to explain them.)