CLIMATE CHANGE CONSULTING MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Growing Awareness of Climate Impacts Among Businesses and Governments

Along with rising regulations, climate change impacts are increasingly being felt through severe weather events like cyclones, droughts, wildfires, and flooding. The damage caused by these has been amplifying public calls for climate action as well as driving awareness among businesses and governments. Mega-corporations such as Deloitte Touche Tohmatsu Limited, PwC (PricewaterhouseCoopers), McKinsey & Company, Boston Consulting Group (BCG), etc. are facing growing demands from investors, customers and employees to demonstrate strong climate leadership and responsibility. Large asset managers like BlackRock are also using their influence to push companies towards addressing sustainability and climate risks in their strategies and operations. At the same time, governments worldwide recognize climate change as a critical global threat that needs coordinated policy action as well as financing for climate adaptation projects.

This growing awareness is encouraging more proactive moves from both private and public entities. Tech giants are committing to becoming carbon neutral or removing more carbon than they emit. Corporates are exploring science-based approaches to set emission reduction targets. Governments are launching green stimulus packages and climate finance initiatives. As climate change impacts become more visible, widespread and expensive, mitigation and adaptation action are gaining prominence on all agendas. This increasing recognition of climate risks and opportunities is amplifying demand for counsel from specialized advisors to better understand physical and transition climate risks, quantify the costs of inaction, and identify viable solutions aligned with science-based targets and global climate goals.