Boston Consulting Group (BCG) announced today the launch of the BCG Center for Climate & Sustainability, marking an expansion of the firm’s capabilities in partnering with businesses and governments to help them act on their sustainability commitments and decarbonization efforts. BCG also announced its new role as the Consultancy Partner of the 26th United Nations Climate Change Conference of the Parties (COP26).
The launch expands BCG’s existing Center for Climate Action, bringing together 550 of the firm’s experts covering the full range of sustainability topics, including biodiversity, circular economy, decarbonization, sustainable agriculture, transition financing, water management, and other ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. topics.
The move follows BCG’s launch of its own sustainability commitments in September 2020, including a goal to become climate neutral by 2030, and climate positive afterwards. BCG also announced commitments of $400 million over ten years aimed at enabling its teams to drive climate and environmentalEnvironmental criteria consider how a company performs as a steward of nature. impact across governments, industries, NGOs, and coalitions in order to advance global progress toward the net-zero ambition.
Rich Lesser, CEO of BCG, said:
“We are at a critical juncture in the fight against climate change, and there is nothing more urgent than finding a path to net zero. In order to avoid irreversible damage, global emissions must be cut in half by 2030 to stay on track with Paris Agreement goals and reach net zero by 2050. This is not easy, but for business it represents both an imperative and opportunity to achieve sustainable competitive advantage. COP26 represents a pivotal moment in the global drive for businesses, governments, and society to take decisive action, and we are honored to be able to play a role in this.”
COP26 President Alok Sharma said:
“I am pleased to welcome Boston Consulting Group as a COP26 Partner. By committing to reach net zero, and setting science-based targets to achieve this goal, they are joining the growing number of businesses committed to reducing their environmentalEnvironmental criteria consider how a company performs as a steward of nature. impact and helping to drive decarbonization. I look forward to working with BCG in the months ahead as we continue to make progress ahead of COP26.”
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