Green Quadrant: Building Decarbonization Consulting 2024
25 Jul, 2024
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Executive Summary
This report provides an independent, fact-based benchmark of 10 of the most prominent building decarbonization consulting providers in the market. Based on the proprietary Verdantix Green Quadrant methodology, our analysis included live briefings, customer interviews and vendor responses to a detailed 89-point questionnaire, covering six capability and three momentum categories. As a major contributor to global emissions, organizations have set their sights on decarbonizing their built environment assets to achieve emission performance goals. Consequently, consulting providers from a variety of backgrounds are developing offerings and business models to gain traction in a rapidly changing market. Amongst the providers featured in the Leaders’ Quadrant, five firms – CBRE, JLL, Schneider Electric, Siemens and WSP – demonstrated the most comprehensive and evolved services for building decarbonization.
The state of the building decarbonization consulting market
Building decarbonization is driven by both voluntary action and regulatory pressure
Cost and business continuity slow building decarbonization progress
A variety of consulting services support building decarbonization
Organizations are prioritizing scalable and efficient decarbonization initiatives
Green Quadrant for building decarbonization consulting
Green Quadrant methodology
Evaluated firms and selection criteria
Evaluation criteria for building decarbonization consulting providers
Green Quadrant for building decarbonization consulting 2024: strategy-focused providers
Green Quadrant for building decarbonization consulting 2024: performance optimization and light retrofit-focused providers
Green Quadrant for building decarbonization consulting 2024: deep retrofit-focused providers
Arcadis overview
Arcadis’s offering blends technical building advisory with sustainability consulting expertise
Arup overview
Arup offers cutting-edge design solutions to decarbonize building systems
Buro Happold overview
Buro Happold designs and delivers deep decarbonization retrofits grounded in engineering expertise
CBRE overview
CBRE adopts a partnership-led services strategy to broaden delivery capabilities
Hoare Lea overview
Hoare Lea delivers industry-leading decarbonization projects powered by engineering expertise
JLL overview
JLL champions digitally enabled service delivery to empower decarbonization at scale
Johnson Controls overview
Johnson Controls innovates the building decarbonization market through ‘as-a-service’ offerings
Schneider Electric overview
Schneider Electric deploys end-to-end energy efficiency services to scale decarbonization efforts globally
Siemens overview
Siemens provides digitally enabled retrofits for maximized energy efficiency
WSP overview
WSP delivers multidisciplinary building decarbonization projects globally
Building decarbonization is driven by both voluntary action and regulatory pressure
Cost and business continuity slow building decarbonization progress
A variety of consulting services support building decarbonization
Organizations are prioritizing scalable and efficient decarbonization initiatives
Green Quadrant for building decarbonization consulting
Green Quadrant methodology
Evaluated firms and selection criteria
Evaluation criteria for building decarbonization consulting providers
Green Quadrant for building decarbonization consulting 2024: strategy-focused providers
Green Quadrant for building decarbonization consulting 2024: performance optimization and light retrofit-focused providers
Green Quadrant for building decarbonization consulting 2024: deep retrofit-focused providers
Arcadis overview
Arcadis’s offering blends technical building advisory with sustainability consulting expertise
Arup overview
Arup offers cutting-edge design solutions to decarbonize building systems
Buro Happold overview
Buro Happold designs and delivers deep decarbonization retrofits grounded in engineering expertise
CBRE overview
CBRE adopts a partnership-led services strategy to broaden delivery capabilities
Hoare Lea overview
Hoare Lea delivers industry-leading decarbonization projects powered by engineering expertise
JLL overview
JLL champions digitally enabled service delivery to empower decarbonization at scale
Johnson Controls overview
Johnson Controls innovates the building decarbonization market through ‘as-a-service’ offerings
Schneider Electric overview
Schneider Electric deploys end-to-end energy efficiency services to scale decarbonization efforts globally
Siemens overview
Siemens provides digitally enabled retrofits for maximized energy efficiency
WSP overview
WSP delivers multidisciplinary building decarbonization projects globally
Figure 1. Real estate decarbonization strategies face significant financial challenges
Figure 2. Mature consulting capabilities support end-to-end building decarbonization
Figure 3. Real estate professionals prioritize low-cost retrofit strategies for decarbonization
Figure 4. Capability criteria for building decarbonization consulting
Figure 5. Momentum criteria for building decarbonization consulting
Figure 6. Vendor category scores (Capabilities)
Figure 7. Vendor category scores (Momentum)
Figure 8a. Green Quadrant for building decarbonization consulting 2024
Figure 8b. Green Quadrant for building decarbonization consulting 2024: strategy-focused providers
Figure 8c. Green Quadrant for building decarbonization consulting 2024: performance optimization and light retrofit-focused providers
Figure 8d. Green Quadrant for building decarbonization consulting 2024: deep retrofit-focused providers
Figure 2. Mature consulting capabilities support end-to-end building decarbonization
Figure 3. Real estate professionals prioritize low-cost retrofit strategies for decarbonization
Figure 4. Capability criteria for building decarbonization consulting
Figure 5. Momentum criteria for building decarbonization consulting
Figure 6. Vendor category scores (Capabilities)
Figure 7. Vendor category scores (Momentum)
Figure 8a. Green Quadrant for building decarbonization consulting 2024
Figure 8b. Green Quadrant for building decarbonization consulting 2024: strategy-focused providers
Figure 8c. Green Quadrant for building decarbonization consulting 2024: performance optimization and light retrofit-focused providers
Figure 8d. Green Quadrant for building decarbonization consulting 2024: deep retrofit-focused providers
BCG (Boston Consulting Group), BREEAM, Accenture, City of Louisville, Standard Chartered, British Land, GIC, Under Armour, Ramboll, J. B. Hunt, Heineken, KPMG, NABERS, Redaptive, Aspiria, Golder, Deepki, BT Group, Real Estate Board of New York (REBNY), Wyandotte Public Schools, World Green Building Council, CBRE, UK Net Zero Carbon Buildings Standard, Legal & General Investment Management, Emitwise, Derwent London, Washington Metropolitan Area Transit Authority (WMATA), Wind Prospect, JLL (Jones Lang LaSalle), Schneider Electric, HB Reavis, Barbican Centre, WSP, Buro Happold, City of Chicago, City of Manchester Stadium (now the Etihad Stadium), Johnson & Johnson, St. Edward’s University, Brightly Software, University of Birmingham, Highways England, Arcadis, Hoare Lea, Royal United Hospitals Bath, UK Green Building Council (UKGBC), City of New York, SoCalGas (Southern California Gas Company), PIMCO Prime Real Estate, British Property Federation (BPF), Corporate Knights, Tishman Speyer, Climate Impact X, City of Sydney, The Crown Estate, JLL Spark, Altus Power, Science Based Targets initiative (SBTi), Johnson Controls, Energy Star, Interface, Siemens, US Department of Energy, Arup, Walmart, Legal & General, Sydney Opera House, Tetra Tech, US Environmental Protection Agency (EPA), Empire State Building, Wood (John Wood Group), SE Ventures, Honeywell, Drax, Faurecia, Empire State Realty Trust, Grab, Coherent
About the Authors
Connor Taylor
Senior Analyst
Connor is a Senior Analyst at Verdantix. He focuses on delivering research to help senior executives navigate decarbonization decision-making and build effective strategies to…
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Ryan Skinner
Research Director
Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc…
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