ERM, the world’s largest pure play sustainability consultancy has been named as a climate change consulting leader in new research from independent analyst firm Verdantix.
The Verdantix Green Quadrant: Climate Change Consulting 2023 report provides a benchmark of climate change consulting providers offering strategy, technical and implementation services. ERM features in the Leaders’ Quadrant as one of the firms demonstrating the most comprehensive climate change consulting capabilities.
ERM was commended for its particular expertise in carbon data management and accounting, financed emissions management and climate risk quantification and scenario analysis. The Verdantix research highlighted ERM’s strong digital approach, powered by cutting-edge in-house digital tools and a robust partnership ecosystem, as well as its leading role in helping to draft critical climate change guidance such as the original Task Force on Climate-Related Financial Disclosures (TCFD) framework.
The Verdantix report describes how the market for climate change consulting has grown significantly in recent years and continues to evolve rapidly. Organizations are increasingly investing in climate change initiatives in response to the threat climate change poses to business, the shifting regulatory landscape and growing pressure from stakeholders to demonstrate their impact on and resilience to climate change. According to Verdantix, in 2022 the net zero consulting market alone reached $3.5 billion and is forecast to hit $15.8 billion by 2028.
Matt Klein, Global Service Leader, Corporate Sustainability & Climate Change at ERM said: “We’re proud that ERM has been named by Verdantix as a climate change consulting leader, particularly now at this critical point when businesses are looking at how they can really operationalize sustainability throughout their organizations.
“Many organizations have made commitments, set targets and articulated their strategies for addressing climate change, but now they urgently need to deliver on the ground. At ERM we are bringing our unique combination of strategic transformation and technical delivery capabilities to help clients accelerate climate action at the pace and scale required.
“It’s clear from the Verdantix report the climate change consulting market is experiencing a surge in investment and demand. As an industry we must harness this momentum to tackle the generation-defining challenge of the climate crisis and help to secure a livable future for all.”
Notes to Editors
Verdantix benchmarked 15 climate change consulting providers against criteria within four meta categories: climate resilience strategy and implementation; net zero carbon strategy and implementation; climate data management and disclosures; and asset-level decarbonization.
Its analysis is based on the Verdantix proprietary Green Quadrant methodology, which provides an evidence-based, objective assessment of providers offering comparable products or services.
ERM is the business of sustainability.
As the largest global pure play sustainability consultancy, ERM partners with the world’s leading organizations, creating innovative solutions to sustainability challenges and unlocking commercial opportunities that meet the needs of today while preserving opportunities for future generations.
ERM’s diverse team of 8,000+ world-class experts in over 170 offices across 39 countries supports clients across the breadth of their organizations to operationalize sustainability. Through ERM’s deep technical expertise, clients are well-positioned to address their environmental, health, safety, risk, and social issues. ERM calls this capability its “boots to boardroom” approach - a comprehensive service model that allows ERM to develop strategic and technical solutions that advance objectives on the ground or at the executive level. Learn more