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.
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 neutralising 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 92% 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.
-: 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 have committed to lowering business travel emissions
by 48.5% per employee by 2025.
Meeting our goals will require bold experimentation,
innovative thinking, and learning as we go,
as well as working with our airline partners
to help them improve.
I'm proud to share that these targets,
which will cut in half
our emissions intensity by 2025,
have been validated by the Science Based Targets Initiative,
as aligned with the goal of limiting warming
to 1.5 degrees Celsius.
They are amongst the most ambitious in our industry,
demonstrating our firm commitment
to lead on this crucial topic.
We are committed to our net-zero journey,
helping to build a better future together.