Every day at BCG, we conquer complexity,
unlock potential, and bring insight to light.
We drive inspired impact for our clients, our communities,
our people, and our planet.
Now we are turning that impact focus
toward what I believe is one of the most urgent
and complex challenges facing humanity today:
the climate crisis.
(soft music)
There's no doubt that the greatest impact BCG can have
is to help our clients tackle their climate challenges
and accelerate their transitions
to much lower carbon emitting footprints.
But to stand confidently and proudly behind our work
with clients,
we also have to change the way we ourselves operate-
we have to walk the talk.
Today, I'm proud to announce that BCG is launching
a bold new strategy to achieve net-zero climate impact
by 2030 at the latest.
For BCG, achieving net-zero
means rapidly reducing the amount of carbon emissions
we put into the atmosphere through internal changes
to our operations and neutralizing the climate impact
of our remaining footprint
by investing in projects that remove carbon dioxide
from the atmosphere.
By pursuing both a rapid reduction
in our emissions intensity
and committing to remove 100% of our remaining emissions,
we aim to reach net-zero climate impact by 2030-
20 years ahead of the Paris ambition.
Less than 10% of our carbon emissions
are from scope one and two sources-
this means emissions resulting primarily
from heating and powering our offices.
We have committed to reducing our scope
one and two emissions by 90% per employee by 2025.
We will achieve this target through transitioning to 100%
renewable electricity to power our offices from now on,
as well as continuing to increase our energy efficiency.
Our largest emission source is business travel,
which makes up over three quarters
of our total carbon footprint
and presents a much bigger challenge.
(airplane engine humming)
Travel is integral to our business
and to serving our clients,
but there are steps we can and will take
to reduce our travel footprint.
We've committed to lowering business travel emissions
per FTE by 30% by 2025.
Meeting our goals will require bold experimentation
and innovative thinking and learning as we go,
as well as working with our airline partners
to help them improve.
All things instinctive to BCG.
Our founder, Bruce Henderson,
was fond of the Archimedes quote,
"Give me a lever and a place to stand,
and I will move the world."
When it comes to the climate crisis,
we have the lever and the place to stand
to make a difference.
It's BCG.