Why a climate solutions framework for professional services providers
Corporates in the professional services industry, such as consulting firms, influence emissions through the clients they work with and the projects they work on. Guidance from the Race to Zero Expert Peer Review Group urges all members to consider how they can leverage their businesses’ influence to contribute towards halving emissions by 2030.
To support professional services providers in assessing their project portfolios, Exponential Roadmap Initiative has developed a simple framework. It proposes that professional services providers assess their customer in terms of how 1.5°-aligned their business strategy and practice is, as well as assessing the respective project in terms of climate action and solutions.
This framework can be used to map the project portfolio against climate criteria, where projects associated with larger revenues are represented by bigger circles in the diagram below.
Over time, as a professional services provider secures new projects, continues to map them and discloses the project portfolio to maintain climate solutions company status, the portfolio would include more clients that have 1.5°C-aligned business strategies or that themselves are Climate Solutions companies.