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Every day at BCG, we conquer complexity,

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unlock potential, and bring insight to light.

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We drive inspired impact for our clients,

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our communities, our people, and our planet.

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Now, we are turning that impact focus

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toward what I believe is one of the most urgent

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and complex challenges facing humanity today-

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the climate crisis.

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There's no doubt that the greatest impact BCG can have

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is to help our clients tackle their climate challenges

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and accelerate their transitions

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to much lower carbon-emitting footprints.

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But to stand confidently

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and proudly behind our work with clients,

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we also have to change the way we ourselves operate.

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We have to walk the talk.

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Today, I'm proud to announce that BCG

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is launching a bold new strategy

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to achieve net-zero climate impact by 2030 at the latest.

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For BCG, achieving net zero means rapidly reducing

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the amount of carbon emissions

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we put into the atmosphere through internal changes

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to our operations, and neutralising the climate impact

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of our remaining footprint by investing in projects

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that remove carbon dioxide from the atmosphere.

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By pursuing both a rapid reduction

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in our emissions intensity

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and committing to remove 100% of our remaining emissions,

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we aim to reach net-zero climate impact by 2030,

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20 years ahead of the Paris Ambition.

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<v ->Less than 10% of our carbon emissions</v>

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are from scope one and two sources.

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This means emissions resulting primarily from heating

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and powering our offices.

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We have committed to reducing our scope one

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and two emissions by 92% per employee by 2025.

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We will achieve this target

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through transitioning to 100% renewable electricity

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to power our offices from now on,

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as well as continuing to increase our energy efficiency.

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Our largest emission source is business travel,

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which makes up over three-quarters

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of our total carbon footprint

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and presents a much bigger challenge.

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<v ->Travel is integral to our business</v>

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and to serving our clients.

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But there are steps we can and will take

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to reduce our travel footprint.

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We have committed to lowering business travel emissions

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by 48.5% per employee by 2025.

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Meeting our goals will require bold experimentation,

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innovative thinking, and learning as we go,

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as well as working with our airline partners

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to help them improve.

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I'm proud to share that these targets,

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which will cut in half

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our emissions intensity by 2025,

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have been validated by the Science Based Targets Initiative,

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as aligned with the goal of limiting warming

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to 1.5 degrees Celsius.

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They are amongst the most ambitious in our industry,

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demonstrating our firm commitment

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to lead on this crucial topic.

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We are committed to our net-zero journey,

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helping to build a better future together.