LRQA has been spotlighted in Verdantix's latest Smart Innovators: Carbon Accounting and Assurance Service Providers report, reinforcing its position as a leader in sustainability services.
This recognition also follows LRQA’s recent inclusion in two of Verdantix’s prestigious Green Quadrant reports – with LRQA the only firm identified as a leader in both the Green Quadrants for Sustainability Assurance Services and the Supply Chain Sustainability Software.
Meeting the growing need for carbon accounting and assurance
The report by independent research firm, Verdantix, examines the evolving market for carbon emissions services, benchmarking innovation among 20 leading providers, including LRQA.
Demand for carbon accounting and assurance services is rising as organisations face both voluntary and mandatory carbon disclosure requirements. Five distinct types of consulting providers have established a strong presence in this space, helping firms navigate challenges that often exceed their internal capabilities. These services are becoming essential for regulatory compliance and meeting stakeholder expectations.
The report highlights that carbon accounting is now a core element of corporate sustainability strategies, while emissions assurance is rapidly becoming a regulated necessity. To keep up with these shifts, service providers are innovating to address changing regulations and adopt emerging technologies.
The market is expected to transform significantly in the next two years, requiring providers to expand their capabilities to meet evolving needs. For businesses seeking these services, choosing providers with complementary expertise – such as industry-specific knowledge or additional, complementary sustainability services – will be critical to success.
LRQA: A global assurance partner
Verdantix highlights LRQA’s leadership in developing assurance services for carbon emissions, coupled with its advancements in carbon accounting capabilities. LRQA's strengths include its global footprint, enabling site-level support and verification services, and its ability to handle complex supply chain and product-level carbon accounting projects.
Notable milestones include the development of LRQA’s EiQ supply chain intelligence software, which has bolstered its capabilities in carbon accounting and assurance.
LRQA has also been commended for its delivery of limited assurance engagements for prominent energy firms such as Exelon Corporation, Exxon Mobil Corporation and Shell. For example, LRQA’s assurance of Exxon Mobil’s 2022 Scope 1 and 2 emissions involved meticulous sampling, data process reviews and adherence to ISO 14064-4 and ISAE 3000 standards.
As businesses navigate growing demands for carbon transparency and sustainability compliance, LRQA’s recognition in this evolving market underlines its capability to deliver reliable, high-quality services that help organisations meet their carbon management goals effectively.