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Climate & carbon

SBTi removes climate pledges of top consultancies before revisiting offsets rule

Consultancies are among those with long-term carbon reduction commitments marked as ‘removed’ from the SBTi dashboard, although an update to its offsets policy could see a reversal of some of these.

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Sustainability/ESG

More consultancies disclose to CDP, but fewer make ‘A list’

Firms must pick up the pace of decarbonisation and disclosure with high-quality ESG data, or risk being downgraded. Environment Analyst scrutinises the latest CDP climate scores for consultancies.

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Energy

Preparing the US grid for a clean energy future

Consultants must bring together multiple stakeholders in efforts to modernize a vulnerable and fragmented US energy grid.

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Policy & legislation

Climate assessments drastically overlook legal risks, warn academics

Companies and regulators are waking up to the potential threats from climate litigation, but have only just begun to grapple with how these risks should be evaluated, let alone addressed.

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Climate & carbon

CCS projects progress as EU unveils new carbon strategy

Consultants are helping Europe’s industrial emitters get serious on CO2 capture. But building the infrastructure for a continental storage market will need a lot more government involvement.

Roundtable circular - shutterstock-1254731197
Sustainability/ESG

Whole systems approach must underpin sustainable urban development

Reducing carbon emissions from the built environment requires a move away from silo-based carbon counting towards a circular, whole systems approach, or the ‘super cities’ of the future risk being environmental disasters.

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Business

Revenues maintain upward momentum for North American majors

WSP leads a North American quartet of large global firms reporting positive FY2023 results, with its Earth & Environment sector now forming one-third of its business. Montrose Environmental, NV5 and Stantec also celebrate growth in the sector.

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Biodiversity

Green light for investments in the blue economy

Consultancies are finding new roles supporting marine and maritime developments aimed at protecting ecology, climate and the economy.

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Business

Sweco and Arcadis report robust growth in revenues and profits

European-headquartered consulting majors sustain healthy growth rates buoyed by environment, energy and water sectors, holding sustainability in focus for acquisitions and strategy.

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Sustainability/ESG

Islamic finance turns to climate and energy

To meet sharia rules, Islamic financial institutions are increasingly looking to the energy transition and socially responsible investing, boosting decarbonisation efforts and bringing new business opportunities in the Muslim-majority world.

Business

Top 100 analysis: Fastest growth rates driven by M&A and integrated delivery

Environment Analyst’s Top 100 report reveals the latest trends and movements in the global ranking of environmental and sustainability (E&S) consultancy businesses, and shows that the industry remains fragmented with top slots held by majors WSP, AECOM, Tetra Tech and Jacobs.

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Sustainability/ESG

COP29 will determine key components for Loss and Damage fund

Environmental consultants could play a pivotal role in funded projects, but developed country financing pledges have fallen through before.

Golden Gate Bridge
Policy & legislation

California’s climate acts start countdown on emissions measurement

The US state’s far reaching disclosure requirements present both challenges and opportunities. Consultants are urging companies to tackle their implications as soon as possible.

Hydrogen
Energy

Strict conditions could limit gains from US tax breaks for hydrogen

Biden’s ‘45V’ tax credits for clean hydrogen production are dividing the industry, with relief at the commitment to net zero being offset by concerns that the conditions may limit development.

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Business

Treble acquisition broadens Trinity’s services

Dallas-headquartered consultancy has purchased a trio of specialists companies in the fields of water and ecology and acoustic consultancy, adding over 300 staff. 

Sustainability/ESG

ESG commitment ‘cooling’ in a troubled world

Studies find almost a third of companies disclosed not using any renewable energy and only 10% had a renewable energy target, while net zero target date is being pushed to the right.

Biodiversity

‘Nature knows best’ for infrastructure

Nature-based solutions can protect communities from climate change, restore biodiversity, and create more resilient economies.

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Business

Advisian becomes Worley Consulting

The change comes as part of a global rebranding exercise for the Australian engineering major, designed to reflect its focus on sustainability.

Stantec logo
Business

Stantec releases three-year strategic plan

Global engineering, design and sustainability company commits to an ambitious growth plan with a focus on climate, communities and technology.

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Business

AFRY expands nuclear expertise 

Acquisition supports AFRY’s strategy to scale globally in decarbonisation and to enhance its capabilities in the nuclear sector.

COP28 Buildings Breakthrough team
Energy

COP28: Global push for near-zero emission buildings

Twenty-eight nations, including the US and China, have pledged their commitment to the ´Buildings Breakthrough´ as launched on day seven of the international climate meeting.

Digital

Adapting to tomorrow’s environmental solutions via M&A

How the race towards digital enablement and ESG advisory capabilities to offer ‘total sustainability solutions’ is shaping the industry’s strategic approach to acquisitions.

Green finance
Business

Global majors reveal strong results on enhanced sustainability advisory focus

Environment & new energy business helps drive AECOM's record backlog. Jacobs firms up spin-out deal to concentrate on high-end climate & sustainable infrastructure solutions. Both confident in FY24 expectations.

General - offshore wind - ©Vatenfall
Energy

Biden’s offshore wind ambition threatened by project cancellations

The US offshore wind market faces further project cancellations, reducing confidence in clean energy and net zero targets, as global interest rates soar and supply chains struggle. 

General - Deforestation
Climate & carbon

Brazil launches ambitious green plan

Plan includes a regulated carbon market, the issuing of sustainable sovereign bonds and a national taxonomy focused on sustainability, as Brazil looks forward to hosting COP30 in two years.

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Digital

Pentatonic launches AI-based green law tracker

AI-enabled tool clarifies legal obligations across the world and helps companies to create implementation plans. 

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Sustainability/ESG

Raising the bar: Montrose expands sustainability commitment

Jami Patrick, VP sustainability and climate advisory, reveals the thinking behind Montrose's expanded reporting scope, its 2040 net zero target, and broader sustainability mission.

Flags - Australia
Business

RSK acquires Australia’s largest heritage specialist

Project management capability, scale and geographic reach were the deciding factors in the acquisition.

General - Smart grid
Energy

Tackling energy transition bottlenecks key to net zero says McKinsey

Report models supply and demand of energy commodities across a 1.5°C pathway for four energy transition scenarios.

WWF logo
Digital

Atos and WWF join forces in tech-for-nature mission

Nature charity sees potential of digital solutions for helping achieve its conservation objectives.