Post by account_disabled on Feb 22, 2024 0:14:05 GMT -5
Consulting giant Boston Consulting Group (BCG) today became the latest company to go public with a major net-zero emissions strategy, pledging to take “significant steps” to reduce its carbon footprint and offset any remaining climate impacts for 2030. The new goal was announced alongside plans to invest $400 million over the next decade to help its teams “drive climate and environmental impact across governments, industries, NGOs and coalitions to advance global progress towards ambition.” net zero. The new strategy will see the company aim to reduce its direct and energy-related emissions, known as Scope 1 and 2, by 90% per full-time equivalent (FTE) employee by 2025 compared to a baseline of 2018. It has also set new goals to reduce the climate impact of its business travel, which represents more than 80% of its total footprint, by at least 30% full-time by 2025. The targets build on last year's confirmation that the organization now sources 100% renewable electricity across its operations, alongside continued investment in energy efficiency improvements.
Emissions that cannot be eradicated will be addressed through an expanded carbon offset program designed to deliver net zero climate impact by 2030. Boston Consulting Group. The company confirmed that it was committed to decarbonizing with the most effective engineered and nature-based solutions at an expected cost of $35 per ton in 2025, rising to $80 per ton in 2030. This marks a significant increase over the current voluntary carbon offset market average of $3 to $6 per ton…. This significant investment will enable BCG to work collaboratively with leading organizations Bulgaria Mobile Number List around the world in developing and deploying the most advanced elimination approaches essential to meeting the goals of the Paris Agreement. Boston Consulting Group. He also highlighted that beyond 2030, the firm committed to being 'climate positive' by removing more CO2 than the equivalent amount of CO2 it emits. Boston Consulting Group will be zero emissions Rich Lesser, chief executive of BCG, said the coronavirus crisis had “reinforced the need for global efforts to develop solutions to the world's biggest problems”. True to our values and purpose, we have the responsibility to show leadership in this new reality. The biggest impact BCG can have is helping our clients address their climate challenges and accelerate their transition to a low-carbon economy. But to stand behind our work with confidence and pride, we must also change the way we operate and invest substantially.
Like any company, we must step up. Rich Lesser, CEO of BCG. The company's work to help its clients navigate the net zero transition will also expand significantly, with BCG announcing a $400 million commitment over the next decade to enable its teams to drive climate and environmental impacts across organizations with those who work. BCG's new targets are the latest in a series of net-zero commitments from leading companies in recent months, a trend that is only expected to accelerate in the one-year period until the next UN Climate Summit in Glasgow in November 2021. Race to Zero Earlier this summer, UK Business Secretary and COP26 Climate Summit Chair Alok Sharma launched a major new campaign under the banner “Race to Zero”, calling on businesses and governments around the world to to set their own net zero emissions targets. The campaign comprises around 1,000 companies with annual revenues totaling $4.72 billion, as well as: 458 cities. 505 universities. 24 regions. 36 important investors. As such, more than half of all GDP and more than a quarter of global emissions are now covered by net zero emissions targets that aim to achieve full decarbonisation by 2050 at the latest.