Green Quadrant: Climate Change Consulting 2023
27 Jun, 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.
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
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
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
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
Accenture, Refinitiv, McDonald’s, Bristol Myers Squibb , Carbon Intelligence, International Carbon Reduction and Offset Alliance (ICROA), G20 Financial Stability Board, Hawaii Department of Transportation, EY, SLR, ENGIE Impact, Scandiaconsult, Moody’s Analytics, South Pole, Microsoft, Trinity AgTech, Ramboll, Apollo Global Management, Food & Rural Affairs (Defra), Airport Authority Hong Kong, OCT Emissions Solutions, Fortune, Climate Neutral Group, GHG Protocol, Santander, KPMG, 3Degrees, Workiva, LGIM, Green Domus, Partnership for Carbon Accounting Financials (PCAF), UN Global Compact, JBS Global, International Energy Agency (IEA), Station A, UNESCO, Global Reporting Initiative (GRI), Golder, Carbon Care Asia, KKR, Attalea, Mondelez International, Bain, IBI Group, Intergovernmental Panel on Climate Change (IPCC), Network for Greening the Financial System (NGFS), LevelTen Energy, Aesop, AFARA, Zeigo, GUESS, Google, WTW, Euronext, AMGEN, Body Shop, World Business Council for Sustainable Development (WBCSD), Task Force on Nature-related Financial Disclosures (TNFD), Schneider Electric, Giftge Consult, Workday, McKinsey & Company, Federal University of Paraiba (UFPB), UN Net-Zero Banking Alliance (NZBA), WSP, Anthesis, Science Based Targets Network (SBTN), World Resources Institute (WRI), SAP, Sweep, sk Force on Climate-related Financial Disclosures (TCFD), Disney World, Committee of Sponsoring Organizations of the Treadway Commission (COSO), ServiceNow, Natura & Co, Minerva Foods, (CDP) Carbon Disclosure Project, UK Department for Environment, Natural Climate Solutions Alliance, Arcadis, TechnipFMC, ERM, BTG, IFRS Foundation, UK Green Building Council (UKGBC), MasterCard, Patch, BCG, JPMorgan Chase & Co., CBA (Companhia Brasileira de Alumínio), Brazil’s National Council for Scientific and Technological Development (CNPq), Salesforce, Climate Action 100+, Avon, Corporate Knights, ClearBlue Markets, Johnson Controls International (JCI), Sphera, Brazil’s Securities and Exchange Commission (CVM), MarineSpace, Glasgow Financial Alliance for Net Zero (GFANZ), State of Texas, Transition Plan Taskforce (TPT), UN Principles For Responsible Investment (UN PRI), IBM, Enablon, Global Logistics Emissions Council (GLEC), John Wood Group, ExxonMobil, CoolPlanet, Vale, WayCarbon, Science Based Targets initiative (SBTi), pulsESG, Origin Climate, PACER, Siemens, Bureau Veritas, AECOM, Planet Labs, Barclays, Cervest, Ørsted, Initiative Climat International (iCI), Resultante, Walmart, Persefoni, Quantis, US Securities and Exchange Commission (SEC), Deloitte, Point Advisory, US Environmental Protection Agency (EPA), EV Connect, Amazon Web Services (AWS), Watershed, US National Basketball Association (NBA), Faurecia, Fujitsu, CLIMsystems, Intelex, Coho, Esri, Verisk, Electric Power Research Institute (EPRI), PwC, ForFuturing, Padd Energy, NINT, UK National Highways
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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Alastair Foyn
Analyst
Alastair is an Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software and decarbonization best practi…
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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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