Bain & Company approaches decade of carbon neutral business

16 June 2020 3 min. read

As the world’s economic system struggles to retool towards growth which does not harm the planet, Bain & Company is working to set an example for its clients. The firm has completed nine consecutive years as a carbon neutral business – reducing and offsetting its flights, taxi and train rides and all the energy required to power its 58 global offices.

Since 2011, Bain & Company has fully offset the unavoidable portion of its carbon footprint. The firm’s carbon neutral status is the result of an employee-led effort to minimise the firm’s carbon footprint through local initiatives across its 58 offices, including energy efficient workspaces, increased recycling and composting, and reduced paper usage. These activities complement firm-wide initiatives, such as server consolidation, increased videoconferencing, and the purchase of renewable electricity. These combined activities constitute more than 97% of Bain’s electricity consumption.

At the same time, the firm has invested in 33 emission reduction projects in eleven countries – including preserving pristine Brazilian rainforests, enhancing India’s renewable energy capacity, reducing landfill gases in the US, and providing East African communities with renewable solar power. These projects are only financially viable because of the carbon-finance support they receive from companies like Bain.

Bain & Company approaches decade of carbon neutral business

Steven Tallman is a Partner in the Amsterdam office of Bain & Company. Since 2000, he has served on the firm's Global Operating Committee as Head of Global Operations. As well as working to support the expansion of Bain's global footprint and the opening of new offices; this also sees him serve as the firm's Sustainability Officer, responsible for its annual carbon neutral certification;

Commenting on the firm’s milestone, Tallman said, “We are proud to be recognized as a sustainability leader among global corporations. We are constantly exploring new ways to minimise our environmental footprint, tap into our people’s passions and help our clients be better stewards of the environment.”

According to Tallman, Bain remains committed to reducing 90% of its Scope 1 & 2 emissions by 2040 – something which its leadership and staff mobilisation already helped progress toward in 2019. A release from the firm stated that its emissions footprint per FTE declined by more than 9% over the last 12 months, or the equivalent of the CO2 emissions from 1,300 pounds of burned coal per person.

The statement concluded, “Despite the ambitious targets set by the Paris Climate Accord to limit global warming by 2C, the global community entered 2020 off-track and under-performing. As some of our economies begin to restart, we must find a way to chart a sustainable path of “green recovery” and take bold climate actions to protect our future. At Bain, we take this responsibility seriously and are committed to meeting the highest standards of sustainability in our own operations around the world.”