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ICF Awarded Multiple Climate Advisory Services Contracts

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ICF Awarded Climate Advisory Contracts

ICF, a global consulting firm (NASDAQ: ICFI), announced on May 18, 2022, the acquisition of multiple contracts for climate advisory services from various public sector and commercial clients. The awards, secured in Q1 2022, focus on climate resilience and decarbonization projects. This includes enhancing energy systems against extreme weather and supporting clean energy initiatives. ICF aims to leverage its extensive climate expertise and analytics capabilities to assist clients in navigating climate challenges, building on its long-standing federal government collaborations.

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  • Secured multiple new contracts for climate advisory services.
  • Focus on critical areas: climate resilience and decarbonization.
  • Leverages extensive expertise in climate and data analytics.
  • Expands existing relationships with federal and commercial clients.
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  • None.

Company Helping Clients Achieve Resilience and Decarbonization Goals

FAIRFAX, Va., May 18, 2022 /PRNewswire/ -- ICF, a global consulting and digital services provider (NASDAQ: ICFI), was recently awarded multiple new and recompete contracts and contract modifications to provide climate advisory services to a number of public sector and commercial clients. The contracts were awarded in the first quarter of 2022.

The recent agreements fall into two main service categories: climate resilience and decarbonization. Examples of climate resilience project work include helping make energy systems resilient to extreme weather, strengthening transportation infrastructures, and developing climate action plans. Examples of decarbonization project work include supporting clean energy and alternative transportation fuels, and measuring and reducing greenhouse gas emissions. Clients include various U.S. state and local government agencies, several of the nation's largest utilities and global commercial clients.

This new and additional work builds on ICF's longstanding work with the federal government supporting key climate programs such as the Environmental Protection Agency's (EPA) annual Inventory of U.S. Greenhouse Gas Emissions and Sinks, EPA's ENERGY STAR® program and the U.S. Global Change Research Program in coordinating the National Climate Assessment.  

"These wins demonstrate how we are successfully leveraging our industry-leading climate expertise, advanced data analytics services and commitment to reducing greenhouse gas emissions to help new and existing clients address climate risks," said Anne Choate, ICF executive vice president and energy, environment and infrastructure lead. "This new business builds on our decades of experience helping our clients achieve their climate goals."

ICF is home to one of the world's largest science-based climate consultancies. ICF's 2000+ climate, energy and environment experts work full-time to help organizations use their resources more efficiently, reduce costs and accelerate mission accomplishment. The company works with business, government and nonprofit organizations to design and implement programs and policies that drive low-emission transitions and build resilience against the effects of climate change.

Read more about ICF's climate services and insights through the ICF Climate Center.

About ICF

ICF is a global consulting services company with approximately 8,000 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

Caution Concerning Forward-looking Statements

Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577

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SOURCE ICF

FAQ

What contracts did ICF secure in May 2022?

ICF secured multiple contracts for climate advisory services focusing on climate resilience and decarbonization.

What is the significance of the new contracts for ICF?

The contracts demonstrate ICF's ability to leverage its climate expertise to assist public and commercial clients in addressing climate risks.

What areas do the new climate advisory contracts cover?

The contracts cover climate resilience, enhancing energy systems, and decarbonization initiatives like clean energy support.

How does ICF support its clients with these new contracts?

ICF assists clients by utilizing advanced data analytics and its long-standing experience in climate advisory services.

What is ICF's background in climate consultancy?

ICF is home to one of the world's largest science-based climate consultancies, with over 2,000 experts in climate, energy, and environment.

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