WEBVTT

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<v ->One year ago, in a truly exciting moment in BCG's history,</v>

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we announced a bold new commitment

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to achieve net-zero climate impact by 2030,

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and to become climate positive beyond then,

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removing more carbon from the atmosphere

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than we emit each year.

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We're thrilled to share with you our progress

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as we mark this one-year anniversary.

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First, we've increased the ambition

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of our greenhouse gas emissions targets,

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committing to cut our emissions intensity in half by 2025.

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As part of this commitment, we've increased our goal

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to reduce business travel emissions

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from a 30% reduction per employee

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to a 48.5% reduction per employee by 2025.

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<v ->We expect to achieve the majority of this reduction</v>

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through changes to our travel norms

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in all geographies worldwide.

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We will make explicit and thoughtful decisions

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about how we travel.

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This will ensure that we continue

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to deliver exceptional value for our clients

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and rewarding careers for our people,

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while minimizing our impact on the planet.

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We will meet the remainder of our target

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by supporting the use of sustainable aviation fuel

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for flights BCGers take.

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And we will work with our airline clients

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to help increase their efficiency.

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We've already launched new partnerships

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with airlines and fuel producers

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to purchase sustainable aviation fuel.

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And we will continue to support our aviation-sector clients

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to help advance the path to low-carbon air travel.

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Our targets have been validated

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by the Science Based Targets Initiative,

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which is aligned with the global goal

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of limiting warming to 1.5 degrees Celsius.

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These targets are amongst the most ambitious

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in our industry.

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Second, to neutralize the emissions we are unable to avoid,

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we are integrating more CO2-removal solutions

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into our carbon offsets portfolio.

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This includes new partnerships

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to advance pioneering approaches,

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such as soil carbon capture,

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as well as more mature nature-based solutions.

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For example, reforesting 1 million acres in the US.

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Lastly, we have further increased the impact

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we can have with clients and in society

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through expanding BCG's Center for

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Climate &amp; Sustainability,

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and the launch of BCG Green Ventures.

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We also continue to support the UK government

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with the United Nations Climate Change Conference, COP26.

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<v ->We're in a crucial moment for the future of our planet.</v>

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We remain fully committed to using our core business

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to drive climate action,

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leading by example

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through our net-zero strategy,

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while we unlock the potential of those

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who can help combat the climate crisis.

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<v ->We are proud of our progress so far</v>

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and are deeply committed to the journey ahead-

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helping to build a better future together.