Carbone 4 Expands Presence to Luxembourg

Carbone 4, a French independent consulting firm that supports the transformation of organisations towards decarbonisation, climate change adaptation and biodiversity preservation, has announced its international expansion, with the opening of its first office in Luxembourg.

Founded in 2007 and led by Jean-Marc Jancovici, Laurent Morel and Alain Grandjean, Carbone 4 employs nearly 200 consultants and has more than 800 client references. The company added that, with its consulting activities for organisations, data analysis and development of tailored methodologies for financial institutions, it has completed more than 3,000 projects worldwide. Its mission, it said, is to facilitate the understanding of ecological challenges and to mobilise key players by guiding them towards decarbonisation, climate change adaptation and biodiversity restoration.

Carbone 4 noted that it is already working with several Luxembourgish stakeholders, including the House of Sustainability and Inspiring More Sustainability (IMS), as well as several Luxembourg-based companies. By establishing a local presence in Luxembourg, Carbone 4 believes it is concretising its commitment and expertise to supporting the country's economic and financial actors.

"The Luxembourg market stands out both for the dynamism of its ecosystem, particularly in finance, and for its interdependencies with neighbouring countries and its central role within the European Union. However, there is still progress to be made in achieving national decarbonisation goals," explained Christina Stuart, Manager of the Carbone 4 office in Luxembourg. "With a direct presence in Luxembourg, Carbone 4 aims to play a key role in supporting the country’s companies and financial institutions in strategic foresight and implementation of decarbonisation policies. Our goal is clear: to contribute to the transformation of the Luxembourgish economy, which is a priority for our stakeholders."

As Luxembourg aims to reduce its carbon footprint by 55% by 2030, the government is increasing support for businesses to encourage green investments, noted Carbone 4. Citing the European Environment Agency, the company added that Luxembourg is the highest emitter of greenhouse gases (GHG) per capita in the European Union. In 2021, an average citizen of the Grand Duchy emitted 17.6 tonnes of GHG, more than double the EU-27 average of 7.9 tonnes per capita.

With a strong presence in the financial sector, boasting around 3,400 investment funds, Luxembourg's economic players are among the most active in their transformation. This presents Carbone 4 with an opportunity to shed light on the environmental and regulatory challenges shaping their activities and guide them toward strategies that ensure sustainability and resilience in a world facing climate disruption, finite resources and the need to preserve biodiversity, reported the company. It also mentioned potential for tangible emissions reductions in several areas such as facilities, transportation, construction and industry.

With its teams in France and Luxembourg already possessing "strong knowledge" of the local challenges, Carbone 4 aims to apply its methodologies adapted to the local context. The company will offer local clients various services organised into five activities: Carbone 4 Consulting (helping businesses/organisations reduce the environmental impact of their activities, etc.), Carbone 4 Finance (provides data to help financial actors assess business risks linked to climate change, etc.), Carbone 4 Academy (offers professionals training in climate change and biodiversity), MyCO2 (helps professionals understand decarbonisation issues through interactive sessions) and IF Initiative (a research project aimed at developing tools and methods to envision and build futures that are compatible with planetary boundaries).