Smart Innovators: Carbon Accounting And Assurance Service Providers
11 Sep, 2024
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Executive Summary
This report provides an analysis of the services market for carbon accounting and assurance, as well as a benchmark of the innovation of 20 of the leading providers in the space. Firms are increasingly seeking out these services in order to support both voluntary and mandatory disclosure requirements. Five distinct segments of consulting provider types have established strong positions in the market, though new firms are popping up regularly to address edge use cases and support unique market needs.
Summary for decision-makers
Firms’ carbon accounting needs vastly exceed their capabilities
Internal teams struggle to overcome technological and logistical hurdles
Carbon accounting and assurance services address compliance and stakeholder expectations
Five consulting segments provide carbon accounting and assurance services
Providers offer services across two distinct service areas
Carbon accounting services are a core component of corporate strategies
Carbon emissions assurance is becoming a regulated obligation
Carbon accounting and assurance service providers innovate to keep pace with market requirements
The services market will undergo transformative change with shifting regulatory requirements and emerging technologies
Service providers will need to adapt offerings across several key areas in the next 24 months
Buyers should shortlist providers with contextual benefits like adjacent services or industry focus
Firms’ carbon accounting needs vastly exceed their capabilities
Internal teams struggle to overcome technological and logistical hurdles
Carbon accounting and assurance services address compliance and stakeholder expectations
Five consulting segments provide carbon accounting and assurance services
Providers offer services across two distinct service areas
Carbon accounting services are a core component of corporate strategies
Carbon emissions assurance is becoming a regulated obligation
Carbon accounting and assurance service providers innovate to keep pace with market requirements
The services market will undergo transformative change with shifting regulatory requirements and emerging technologies
Service providers will need to adapt offerings across several key areas in the next 24 months
Buyers should shortlist providers with contextual benefits like adjacent services or industry focus
Figure 1. Overview of carbon accounting and assurance service providers
Figure 2. Carbon accounting and assurance services providers: capabilities assessment
Figure 3. Carbon accounting and assurance related regulatory timeline
Figure 2. Carbon accounting and assurance services providers: capabilities assessment
Figure 3. Carbon accounting and assurance related regulatory timeline
NegaOctet, Genpact, EIME, Dow, EY, Sustainalytics, Singapore Exchange Limited, Microsoft, Ramboll, Position Green, KPMG, Workiva, Hitachi Digital Services, International Organization for Standardization (ISO), Exxon Mobil Corporation, Chevron, Bloomberg, Amazon Web Services, HowGood, Reserve Bank of India (RBI), Oracle, Ipieca, Material Economics, Frostbyte Consulting, Google, UL, Schneider Electric, Workday, McKinsey & Company, European Commission, LRQA, thinkstep, EFRAG, The British Standards Institution (BSI), UN FAO, SAP, Morningstar, ERM, Salesforce, CBAM, LinkedIn, Sphera, American Petroleum Institute (API), J.S. Held, Shell, International Standard on Assurance Engagements (ISAE), WayCarbon, Clarity AI, ERM CVS, Bureau Veritas, DEKRA, BP, Climatiq, US Securities and Exchange Commission (SEC), Deloitte, MSCI, Unilever, ELEVATE, Exelon Corporation, Climate TRACE, PwC, Persefoni AI
About the Author
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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