BCG named consultancy partner of COP26 climate conference
Boston Consulting Group has announced that the firm is a consultancy partner of the 2021 United Nations Climate Change Conference.
The 2021 United Nations Climate Change Conference (COP26), is the 26th United Nations Climate Change conference. It is scheduled to be held in the city of Glasgow in early November 2021, under the presidency of the UK.
Boston Consulting Group (BCG)’s role as Consultancy Partner complements its other partnerships aimed at shaping a global climate agenda, including its alliance with the World Wide Fund for Nature, the TED Countdown, the Science Based Targets Initiative, and the Carbon Disclosure Project.
Commenting on the news, Rich Lesser, CEO of BCG, said, “In order to avoid irreversible damage, global emissions must be cut in half by 2030 to stay on track with Paris Agreement goals and reach net zero by 2050. This is not easy, but for business it represents both an imperative and opportunity to achieve sustainable competitive advantage.”
“COP26 represents a pivotal moment in the global drive for businesses, governments, and society to take decisive action, and we are honored to be able to play a role in this.”
Center for Climate & Sustainability
As BCG looks to build its push to support climate change action, meanwhile, the consulting firm has also announced it is establishing a global Center for Climate & Sustainability. Initially launched as the Center for Climate Action in 2019, BCG’s climate advisory wing was focused on energy and industrial goods clients, and has served over 300 clients on 750 climate-related projects across a wide range of sectors since its founding.
However, with this new announcement, the rebranded Center for Climate & Sustainability has broadened its focus even further, housing 550 dedicated experts globally.
The move will see the firm install dedicated teams in BCG offices around the world, incorporating expertise across the full range of sustainability topics, including decarbonisation, climate innovation, transition financing, biodiversity, waste management, circular economy, sustainable agriculture, water management, and other ESG topics material to all sectors.
The development follows BCG’s announcement last September that it aims to reach net-zero climate impact by 2030 by reducing its carbon footprint and permanently removing any remaining emissions through nature-based and engineered solutions, while also committing to invest $400 million over the next decade in climate and environmental work across governments, industries, NGOs, and coalitions.
