Schneider Electric Acquires EcoAct And Elevates Its Climate Change Consulting Offering

Schneider Electric Acquires EcoAct And Elevates Its Climate Change Consulting Offering

Paris-headquartered digital automation and energy management firm Schneider Electric has entered exclusive negotiations to acquire climate change consulting firm EcoAct from Atos. This acquisition is the latest move from Schneider Electric to boost its climate change consulting offering in several key areas, including net zero strategy, carbon offsetting and digital climate solutions. With significant resources at its disposal and strong capabilities covering asset decarbonization and renewable energy solutions, Schneider is poised to disrupt the climate change consulting market.

In the Verdantix Green Quadrant: Climate Change Consulting 2023, Schneider Electric was identified as an Innovator in the market. In recent years, the firm has expanded its dedicated sustainability business through a series of tactical acquisitions, including Zeigo – a SaaS tool designed to enable SME decarbonization – in 2023. Schneider’s value proposition for clients is based on the provision of strategy consulting, renewable energy and carbon offset advisory.

The EcoAct acquisition gives Schneider Electric capabilities in key areas identified by the Green Quadrant, including climate risk management. EcoAct’s dedicated climate risks tool will further Schneider’s competitive offering against platforms such as EY’s Climate Analytics Platform and Deloitte’s recently announced ClimateAdapt. Schneider Electric now has a formidable digital technology stack for climate change management, providing both core carbon management capability through Resource Advisor and climate risk management functionality.

Schneider Electric augments its heritage offerings relating to asset-level decarbonization with strategy expertise through the EcoAct acquisition. This repeats a dominant theme in the market: organizations are demanding end-to-end climate change services from prospective partners, taking climate change strategy from the boardroom to their asset portfolios in the name of progressing against transition plans. Corporate buyers should take careful note of recent acquisitions in the climate change consulting market to ensure they properly understand recent capability expansions from a range of providers.