Tag: BCG

UK’s energy supply needs over £900 billion investment to reach net zero by 2050, NatWest and BCG report says

Stuart Mitchell

The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 20501, opening up a significant opportunity for public and private capital in enabling a successful transition, according to a new report published by NatWest and Boston Consulting Group (BCG) recently. Signalling the scale of investment needed, NatWest and BCG said the shift to a net zero energy supply is likely to involve significant investment in renewable generation, network infrastructure and new technologies such as energy storage systems, carbon capture and storage, and…

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Demand for Sustainable Raw Materials Could Exceed Supply by as Much as 133 Million Tons by 2030

Stuart Mitchell

The fashion and apparel industry is under pressure. More than 85% of leading brands (by sales) have publicly declared decarbonization targets for their supply chains. In addition, more than 35 new pieces of sustainability-linked legislation are forecasted to go into effect around the world in the next two to four years, targeting import restrictions, product design guidelines, labeling requirements, and more. Given that raw materials can constitute as much as two-thirds of a fashion and apparel brand’s climate impact, securing access to sustainable materials is essential. However, demand for low-climate-impact…

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BCG and SAP Join Forces to Transform Companies into Sustainable Enterprises

Stuart Mitchell

Boston Consulting Group (BCG), a leading strategy consultancy, announces a partnership with SAP, a market leader in enterprise application software. The joint transformation offering will allow companies to identify the business value in sustainability, setting the right climate ambitions and powering an actionable sustainability road map. The SAP and BCG partnership will help companies tackle the generational challenge of climate change and respond to increasing investor pressure and ever stricter regulations. Research from analyst firm IDC shows that sustainability has become a top business priority. “According to one of IDC’s…

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BCG signs direct air capture partnership with Climeworks, a key step on the firm’s journey to net-zero climate impact by 2030

Stuart Mitchell

Boston Consulting Group (BCG), one of the world’s leading management consulting firms, has signed a 10-year agreement with Climeworks. As part of the firm’s commitment to reach net-zero climate impact by 2030, BCG purchases Climeworks’ carbon dioxide removal service to capture carbon dioxide directly from the atmosphere and permanently store it underground. This 10-year agreement, the second for Climeworks, sends a strong signal to the market and proves that there is high long-term demand for measurable and permanent carbon dioxide removal already today, which is set to grow significantly. BCG’s commitment…

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BCG Commits to Sustainable Aviation Fuel Partnership with SkyNRG, a Key Step on the Firm’s Journey to Net-Zero Climate Impact by 2030

Stuart Mitchell

Last year, Boston Consulting Group (BCG) announced bold commitments to substantially reducing its climate impact from business travel (more than 80% of its total footprint) by embracing lessons learned about virtual and hybrid work during the global pandemic. To further reduce the firm’s climate impact and to support the development of a more robust SAF market, BCG has established a long-term partnership with SkyNRG, becoming the newest member of its innovative SAF program, Board Now, which allows corporates to go beyond compensation and reduce their air travel carbon footprint by…

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