-: One year ago, in a truly exciting moment in BCG's history,
we announced a bold new commitment
to achieve net-zero climate impact by 2030,
and to become climate positive beyond then,
removing more carbon from the atmosphere
than we emit each year.
We're thrilled to share with you our progress
as we mark this one-year anniversary.
First, we've increased the ambition
of our greenhouse gas emissions targets,
committing to cut our emissions intensity in half by 2025.
As part of this commitment, we've increased our goal
to reduce business travel emissions
from a 30% reduction per employee
to a 48.5% reduction per employee by 2025.
-: We expect to achieve the majority of this reduction
through changes to our travel norms
in all geographies worldwide.
We will make explicit and thoughtful decisions
about how we travel.
This will ensure that we continue
to deliver exceptional value for our clients
and rewarding careers for our people,
while minimizing our impact on the planet.
We will meet the remainder of our target
by supporting the use of sustainable aviation fuel
for flights BCGers take.
And we will work with our airline clients
to help increase their efficiency.
We've already launched new partnerships
with airlines and fuel producers
to purchase sustainable aviation fuel.
And we will continue to support our aviation-sector clients
to help advance the path to low-carbon air travel.
Our targets have been validated
by the Science Based Targets Initiative,
which is aligned with the global goal
of limiting warming to 1.5 degrees Celsius.
These targets are amongst the most ambitious
in our industry.
Second, to neutralize the emissions we are unable to avoid,
we are integrating more CO2-removal solutions
into our carbon offsets portfolio.
This includes new partnerships
to advance pioneering approaches,
such as soil carbon capture,
as well as more mature nature-based solutions.
For example, reforesting 1 million acres in the US.
Lastly, we have further increased the impact
we can have with clients and in society
through expanding BCG's Center for
Climate & Sustainability,
and the launch of BCG Green Ventures.
We also continue to support the UK government
with the United Nations Climate Change Conference, COP26.
-: We're in a crucial moment for the future of our planet.
We remain fully committed to using our core business
to drive climate action,
leading by example
through our net-zero strategy,
while we unlock the potential of those
who can help combat the climate crisis.
-: We are proud of our progress so far
and are deeply committed to the journey ahead-
helping to build a better future together.