Market Size And Forecast: Climate Risk Consulting 2022-2028 (Global)
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Executive Summary
This report presents the Verdantix market size and forecast for climate risk consulting services. It provides an overview of the market, including regional and industry breakdowns, for service providers and investors, and identifies the main trends and drivers that will shape the market to 2028. The Verdantix model incorporates analysis of macroeconomic drivers, disclosed and estimated revenue data from consulting providers, and insights from survey data and interviews. The climate risk consulting market consists of solutions across four segments: climate risk strategy and governance; climate mitigation and adaptation; climate risk quantification and scenario analysis; and climate risk, opportunity and adaptation disclosure management. Verdantix calculates a market value of $2.0 billion based on data from the latest full financial year available (2022) and forecasts the market to grow at a CAGR of 29%, reaching $9.1 billion by 2028.Market size data reflect the revenues of climate risk consulting services across four service lines
The climate risk consulting services market was worth $2.0 billion in 2022
Climate-related regulations and shortage of climate talent accelerate demand for risk consulting services
Impacts of physical and transition climate risks reinforce each other and prompt more corporate attention
The climate risk consulting services market will be worth more than $9.1 billion in 2028
Figure 2. Verdantix market size and forecast methodology
Figure 3. Regional breakdown
Figure 4. Relationship of climate risk consulting to climate change consulting
Figure 5. Scope of the climate risk consulting market
Figure 6. 2022 climate risk consulting services spend by region ($ millions)
Figure 7. Industry breakdown
Figure 8. 2022 climate risk consulting services spend by industry ($ millions)
Figure 9. 2022 climate risk consulting services spend by service line ($ millions)
Figure 10. Firms' plans for supporting in-house projects along the climate risk service lines
Figure 11. Expected change in spend on consulting services in 2024 compared with 2023
Figure 12. Climate risk consulting forecast by region 2022-2028
Figure 13. Climate risk consulting forecast by industry 2022-2028
Figure 14. Climate risk consulting forecast by service line 2022-2028
About the Authors
Katelyn Johnson
Senior Manager, Risk Management
Katelyn is the Senior Manager in the Verdantix Risk Management practice. Her current research agenda focuses on climate risk and its integration into risk management framework…
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Christine O'Donnell
Industry Analyst
Christine is an Industry Analyst in the Verdantix Risk Management practice. Her current research agenda focuses on reputational risk, third-party risk, ESG risk, GRC solutions…
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Daniel Garcia
Senior Manager
Daniel is a risk and compliance subject-matter expert (SME), with over 16 years of global experience, having worked for major financial institutions and consulting firms in La…
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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 zer…
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