Accenture has purchased Green Domus, a Brazilian sustainability consultant, in an apparent move to capitalize on carbon credits that corporations are seeking in exchange for reducing greenhouse gas emissions.
São Paulo-based Green Domus employs over 100 specialists who not only create but also implement plans to reduce carbon emissions so that their clients may obtain carbon credits.
Global efforts are being made to achieve net zero greenhouse emissions by 2050- Yet, only 7% of major organizations are on course to accomplish that goal, according to Accenture.
With an ambitious goal to cut annual GHG emissions by 186 million tons by 2050, #chemical companies will play a key role in the success of the EU Green Deal. Here’s why rebuilding and transforming the industry is the way forward: https://t.co/5RKqg2POYy pic.twitter.com/yXB1s1q3GP
— Accenture (@Accenture) September 12, 2022
Accenture has acquired five companies like Green Domus in the past few years, which confirms that climate change has opened up a new source of revenue for IT companies.
Other recent sustainability services acquisitions include Avieco, Carbon Intelligence, Greenfish, akzente and Zestgroup.
Green Domus is not only equipped with technological solutions and experience, but also understands how business enterprises may engage in sustainability programs such as the Carbon Border Adjustment Mechanism, recently introduced by the European Union.
Organizations can earn carbon credits through a variety of methods, such as investing in renewable energy, improving energy efficiency and planting trees. In 2022, the average price of a carbon credit was US$12.
“Green Domus’ approach to measuring carbon emissions data and Accenture’s suite of advanced sustainability services, such as our net zero transition solutions, will support our clients in building resilient futures,” said Matthew Govier, Latin America Sustainability Services lead for Accenture. “These services will continue to transform industries and build a path forward for unlocking growth and adopting more sustainable business models.”