Tag: Boston Consulting Group

Climate Inaction Could Cost Companies Over $500 Billion in Annual Liabilities Globally by 2030

Stuart Mitchell

Ignoring supply chain emissions (Scope 3) could cost companies over $500 billion in annual liabilities globally by 2030, according to the 2025 Carbon Action Report from EcoVadis and Boston Consulting Group (BCG), titled Scope 3: From Unmanaged Risk to Untapped Opportunity . The warning comes as companies face mounting pressure on two fronts: physical risks driven by the direct impacts of a changing climate, and transition risks arising from shifts in policy, markets, and technology as the global economy transitions toward a low-carbon future. For the average company, Scope 3…

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Climate Adaptation and Resilience Financing Is Critical to the Survival of the Planet and Brings Significant Economic Potential

Stuart Mitchell

The climate crisis is no longer theoretical. Increasingly certain and worsening impacts of climate change are resulting in hundreds of billions of dollars in economic losses annually, and affecting lives, livelihoods, and economies around the world. Global leaders and businesses are beginning to recognize the urgent need to invest in climate adaptation and resilience alongside mitigation—particularly in the regions most vulnerable to climate impacts. However, there remain immense needs for adaptation and resilience finance, with the private sector currently only contributing a small fraction. A new study published by Boston…

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The Green Energy Transition Must Happen Roughly Three Times Faster than Previous Fuel Transitions to Maintain a Livable Planet

Stuart Mitchell

Renewables and other low-carbon solutions must ramp up from 12% of the energy supply in 2021 to 50%-70% by 2050, according to industry standard models, to limit global warming to 1.5°C above preindustrial levels. This is around three times faster than previous transitions, for example to coal and to hydrocarbons. These are among the findings of a new publication released recently by Boston Consulting Group (BCG) Center for Energy Impact, titled The Energy Transition Blueprint.  Total world consumption of electricity is projected to roughly double by 2050. More than 775…

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Facility for technical carbon removals being launched by major corporations

Stuart Mitchell

Five leading companies from across Asia, Europe, and North America announced their plan to join the NextGen CDR Facility (NextGen) as founding buyers to dramatically scale up carbon removal technologies and catalyze the market for high-quality carbon removals. Founding buyers in NextGen will include Boston Consulting Group, LGT, Mitsui O.S.K. Lines, Swiss Re, and UBS. The establishment of NextGen follows last year’s announcement by South Pole, recently approved as an Implementing Partner of the First Movers Coalition (FMC), and its development was strongly influenced by the Carbon Removal Climate Action…

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NGOs and Businesses Call for UN Treaty on Plastic Pollution

Stuart Mitchell

Major businesses issued a call today for a UN treaty on plastic pollution to address the fragmented landscape of regulation and complement existing voluntary measures, supporting the existing call from leading NGOs including WWF and the Ellen MacArthur Foundation for this important international agreement. In a joint report, The Business Case for a UN Treaty on Plastic Pollution, WWF, the Ellen MacArthur Foundation and Boston Consulting Group conclude that despite a doubling of voluntary initiatives and national regulations over the last five years, plastic waste continues to leak into the…

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