Green Quadrant: Climate Change Consulting 2023

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Executive Summary

This report provides a detailed, fact-based benchmark of 15 of the most prominent climate change consulting providers in the market. Based on the proprietary Verdantix Green Quadrant methodology, our analysis included two-hour live briefings, customer interviews and vendor responses to a detailed 94-point questionnaire, covering 15 capability and three momentum categories. The market for climate change consulting has grown significantly in recent years, driven by corporate investment in climate change initiatives to prepare for climate change transition; providers are concurrently investing to improve their capabilities across strategy, technical and implementation services. Amongst the providers featured in the Leaders’ Quadrant, six firms – Deloitte, ERM, EY, KPMG, PwC and WSP – demonstrated the most comprehensive climate change consulting capabilities.  

Table of contents

The state of the climate change consulting market
The climate change consulting market is growing

Policy and stakeholder requirements drive growth in the climate change consulting market
The climate change consulting market is taking shape
Climate change consulting clients need strategy, technical and implementation help
Climate change consulting offerings are nascent and heterogenous
Market movements demonstrate provider ambition to deliver end-to-end services
Green Quadrant for climate change consulting
Green Quadrant methodology
Evaluated firms and selection criteria
Evaluation criteria for climate change consulting providers
3Degrees has deep carbon- and energy-offset capabilities
AECOM provides asset-level implementation expertise with strong climate adaptation capabilities
Anthesis brings dedicated climate change expertise to the table
Arcadis applies engineering and design expertise to deliver end-to-end climate change solutions
Deloitte blends deep strategic and technical expertise for climate change consulting services
ENGIE Impact uses its global footprint to bridge the gap between boardrooms and assets
ERM has strong technical expertise across decarbonization and climate risk
EY has market-leading capabilities in climate change consulting
KPMG stands out for its climate risk strategy and emissions data assurance capabilities
PwC’s global network provides net zero strategy and emissions data assurance expertise
Ramboll’s engineering legacy underpins a comprehensive climate change consulting offering
Schneider Electric has extensive capabilities for implementing climate change strategy at the asset level
SLR has strong capabilities across climate risk management and scenario analysis
WayCarbon provides digitally enabled services across climate risk and decarbonization
WSP excels at asset-level decarbonization and climate risk management and mitigation

Table of figures

Figure 1. The net zero consulting market is set to hit $15.8bn by 2028 
Figure 2. The three categories of climate change consulting
Figure 3. Firms will prioritize operational decarbonization over the next three years
Figure 4. Climate change consulting market transactions 2022-23
Figure 5. Climate change consulting digital partnerships and product launches 2022-23
Figure 6. Capabilities criteria for climate change consulting services
Figure 7. Momentum criteria for climate change consulting services
Figure 8. Vendor criteria scores (Capabilities)
Figure 9. Vendor criteria scores (Momentum)
Figure 10. Green Quadrant for climate change consulting services 2023

Organisations mentioned

(CDP) Carbon Disclosure Project, 3Degrees, Accenture, AECOM, Aesop, AFARA, Airport Authority Hong Kong, Amazon Web Services (AWS), AMGEN, Anthesis, Apollo Global Management, Arcadis, Attalea, Avon, Bain, Barclays, BCG, Body Shop, Brazil’s National Council for Scientific and Technological Development (CNPq), Brazil’s Securities and Exchange Commission (CVM), Bristol Myers Squibb , BTG, Bureau Veritas, Carbon Care Asia, Carbon Intelligence, CBA (Companhia Brasileira de Alumínio), Cervest, ClearBlue Markets, Climate Action 100+, Climate Neutral Group, CLIMsystems, Coho, Committee of Sponsoring Organizations of the Treadway Commission (COSO), CoolPlanet, Corporate Knights, Deloitte, Disney World, Electric Power Research Institute (EPRI), Enablon, ENGIE Impact, ERM, Esri, Euronext, EV Connect, ExxonMobil, EY, Faurecia, Federal University of Paraiba (UFPB), Food & Rural Affairs (Defra), ForFuturing, Fortune, Fujitsu, G20 Financial Stability Board, GHG Protocol, Giftge Consult, Glasgow Financial Alliance for Net Zero (GFANZ), Global Logistics Emissions Council (GLEC), Global Reporting Initiative (GRI), Golder, Google, Green Domus, GUESS, Hawaii Department of Transportation, IBI Group, IBM, IFRS Foundation, Initiative Climat International (iCI), Intelex, Intergovernmental Panel on Climate Change (IPCC), International Carbon Reduction and Offset Alliance (ICROA), International Energy Agency (IEA), JBS Global, John Wood Group, Johnson Controls International (JCI), JPMorgan Chase & Co., KKR, KPMG, LevelTen Energy, LGIM, MarineSpace, MasterCard, McDonald’s, McKinsey & Company, Microsoft, Minerva Foods, Mondelez International, Moody’s Analytics, Natura & Co, Natural Climate Solutions Alliance, Network for Greening the Financial System (NGFS), NINT, OCT Emissions Solutions, Origin Climate, Ørsted, PACER, Padd Energy, Partnership for Carbon Accounting Financials (PCAF), Patch, Persefoni, Planet Labs, Point Advisory, pulsESG, PwC, Quantis, Ramboll, Refinitiv, Resultante, Salesforce, Santander, SAP, Scandiaconsult, Schneider Electric, Science Based Targets initiative (SBTi), Science Based Targets Network (SBTN), ServiceNow, Siemens, sk Force on Climate-related Financial Disclosures (TCFD), SLR, South Pole, Sphera, State of Texas, Station A, Sweep, Task Force on Nature-related Financial Disclosures (TNFD), TechnipFMC, Transition Plan Taskforce (TPT), Trinity AgTech, UK Department for Environment, UK Green Building Council (UKGBC), UK National Highways, UN Global Compact, UN Net-Zero Banking Alliance (NZBA), UN Principles For Responsible Investment (UN PRI), UNESCO, US Environmental Protection Agency (EPA), US National Basketball Association (NBA), US Securities and Exchange Commission (SEC), Vale, Verisk, Walmart, Watershed, WayCarbon, Workday, Workiva, World Business Council for Sustainable Development (WBCSD), World Resources Institute (WRI), WSP, WTW, Zeigo

About the authors

Connor Taylor

Senior Analyst
Connor is a Senior Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software, climate change consulting services, and the voluntary carbon markets. Connor joined Verdantix in 2021, with prior experience in EHS technology sales and development. He holds a BA from the University of Cambridge in Anglo-Saxon, Norse and Celtic.

Alastair Foyn

Alastair is an Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software and decarbonization best practices, particularly those relating to Scope 3 and industrial emissions. Prior to joining Verdantix, Alastair worked at Tyler Grange, where he gained experience in consultancy practices and environmental strategy. Alastair holds a First Class BSc in Biological Sciences from Durham University, as well as an MSc in Sustainable Development, with Distinction, from the University of St Andrews.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zero strategies, carbon management, climate risk and technology. Prior to joining Verdantix, Ryan was a principal analyst at Forrester Research, where he initiated the research into ESG data and analytics offerings. He also has extensive experience of helping software companies with their messaging, positioning, market and technology strategies. Ryan studied at Duke University, the University of Manchester and the University of Oslo, and speaks Norwegian fluently.

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