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Green economy unicorns: decarbonisation consultancies increase in value as global warming intensifies
08 Jul 2022
by Huffington Postin the Media
With carbon neutrality becoming a key objective for a growing number of companies around the world, global finance is betting on the sustainability business. Climate consultancies guiding firms along their decarbonisation journey have seen their value rise sharply in recent years and a few 'unicorns' have appeared – companies not on the stock market that are valued at over US$1 billion.
Controlling over 20% of the world's climate mitigation market, Swiss multinational South Pole is one of the unicorn companies leading the climate strategy business worldwide. South Pole employs over 700 people across 50 countries and has recently acquired major players in the sector such as CO2logic in Belgium, GoClimate in Sweden, Republic of Everyone in Australia, and Carbonsink in Italy.
The acquisition of Carbonsink is particularly relevant given the heterogeneity of the Italian market and corporate needs – an ideal testing ground to develop functional and affordable digital solutions, where small-to-medium size businesses operating across big companies' supply chains can also play a key role in addressing the climate challenge.
