September 01, 2022
Accenture Acquires Leading Carbon Emissions and Climate Change Strategy Consultancy Carbon Intelligence
Accenture Sustainability Services expands its unique ability to use technology, science, data, and economics to drive sustainable impact for clients globally
LONDON; Sept. 1, 2022 – Accenture (NYSE: ACN) has acquired Carbon Intelligence, a leading carbon and climate change strategy consultancy, adding more than 160 professionals to its rapidly growing group of data scientists, consultants and sustainability experts. Carbon Intelligence is focused on helping global businesses understand their overall carbon footprints, and ways to reduce them, using Science Based Targets Initiative (SBTi) strategies that lead to transformational rethinking of clients’ business models and value chains.
Carbon Intelligence is Accenture’s fifth sustainability-focused acquisition in the last year, which comes in addition to the company’s significant expansion of its global capabilities through investing in its people and recruiting top talent. Accenture continues to place ever-greater emphasis on sustainability by expanding capabilities in sustainability strategy, supply chain transformation, and data-driven measurement of value and impact. Earlier this year, Accenture acquired Greenfish in France, Belgium and the Netherlands, akzente in Germany, Avieco in the UK and Zestgroup in the Netherlands.
“Carbon Intelligence expands our expertise in carbon strategy and delivery, building on the insights of our recently created global carbon intelligence network,” said Peter Lacy, Accenture’s global Sustainability Services lead and chief responsibility officer. “We continue deepening our global capabilities in sustainability – one of the forces that companies must harness to lead in the next decade – in areas that are crucial for the energy transition. Alongside this we are embedding 360-degree value for our stakeholders with our growing number of partners, venture investments and, most importantly, our clients.”
Carbon Intelligence has helped numerous multinational companies set science-based decarbonisation targets and develop measurable strategies to achieve them, working closely with the SBTi. The company is a key accredited partner to CDP (formerly the Carbon Disclosure Project) and regularly recognised for its high standard of work in helping clients measure and manage their emissions.
Jonathan Sykes, CEO, Carbon Intelligence said: “The Carbon Intelligence team is made up of amazing, passionate people who are committed to driving real impact on climate change. We are excited to be joining Accenture, which will help us scale our capabilities and fulfil our mission to help businesses make a successful transition to a low-carbon world.”
The addition of Carbon Intelligence demonstrates Accenture’s ongoing commitment to embed sustainability into everything the company does and with everyone it works with, at a time when increasing regulation and new standards are expanding the call for accurate data in sustainability decision-making by clients across industries and around the world. The ability to measure, interpret and act on carbon data using the very latest in analytics, artificial intelligence and visualization technologies has never been more critical.
Toby Siddall, Accenture’s Sustainability lead in the UK and Ireland added: “Carbon Intelligence is an important addition given their leading capabilities in emissions measurement and management, and trusted data-based insights to support clients in decarbonisation goals against science-based targets. Together with Accenture’s capacity to deliver real transformation at scale, we will be able to accelerate true impact in reducing total emissions with our clients and for the communities they serve.”
Terms of the transaction were not disclosed.
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions, including the invasion of Ukraine by Russia, the related sanctions and other measures that have been and continue to be imposed in response to this conflict, as well as the current inflationary environment, and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
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