(upbeat music)
-: At BCG, we've defined a bold vision
to be the most positively impactful company in the world.
And that means tackling humanity's toughest challenges
in areas ranging from global development and global health
to education, climate change,
humanitarian crises, and diversity and inclusion.
Our goals are based on the UN's
Sustainable Development Goals.
And, of course, not all of the world's challenges
are created equally.
Some can be addressed successfully through appropriately
regulated private sector approaches where there are known
and profitable solutions.
When you can make social impact solutions profitable,
they become scalable.
And when they're scalable, they're even more powerful.
Other challenges have known solutions, but they
lack market incentives.
They need funding where stakeholder ecosystems need to
deliver impact in the absence of a profit. And still
other challenges don't yet have known solutions.
In those areas,
we need bold innovation to overcome the issues.
-: When seeking to surmount society's biggest problems
serious constraints can get in the way.
Lack of capital, political barriers,
conflicting stakeholder priorities.
These are just a few examples.
BCG is uniquely positioned to help overcome
such constraints, freeing up creative
and passionate minds to craft solutions
even to seemingly intractable problems.
How are we able to do this?
Thanks to our extensive experience
in the social impact space, we bring a broad array
of crucial strengths to every project.
These include a global network of social impact experts,
including presence in over 50 countries around the world;
high-level cross-sector relationships,
for example, we work with about half
of our firm's largest clients
on social impact topics; data and analytics tools to
enable smarter decision-making; deep expertise
in driving large-scale change; and a deep understanding
of the ecosystem surrounding the SDG problem spaces.
Even more important,
BCG deploys these strengths simultaneously, acting
as one team to create unparalleled impact.
We know that catalyzing change requires an understanding
of how it happens.
And we've drawn on our extensive social impact
work to develop the robust theory
about how global challenges are best solved.
Our theory of change holds that
the most powerful way to solve global problems is enabled
through appropriately regulated private sector approaches.
With known solutions supported by market incentives,
BCG partners with companies
around the world to help them bring these solutions to life.
With solutions lacking market incentive,
we work with the public and social sectors to
identify the most powerful levers for maximizing impact.
And, we help them roll out these solutions at scale.
Our theory thus holds that change can happen
through two channels.
First, it can be driven directly.
For example, private sector actors
deploy solutions that are profitable for them
or public sector actors fund innovation
and services such as education and healthcare.
Second, change could be enabled.
For instance, investors direct capital
into companies showing strong environmental
and social responsibility, or actors reshape the ecosystem
by forging innovative cross-sector partnerships.
Innovation powers both channels for change.
An innovation is not just R&D
aimed at solving specific problems.
It's also fresh thinking about new business models,
operating models, and partnership models that enable actors
from all sectors to scale up the most impactful solutions.
-: 2020 has put social impact at the forefront.
It's been a year of unparalleled impact for BCG.
With 900 projects for more than
500 clients on every continent.
So, where do we go from here?
We will continue to engage
with partners who deliver tremendous social impact
at scale, mobilizing our shared expertise to solve some
of the world's most pressing challenges
in global development, global health, education
climate change, humanitarian crises,
and diversity and inclusion.
(upbeat music)