BOSTON, April 30,
2024 /PRNewswire/ -- Boston Consulting Group
(BCG) today released its Annual Sustainability Report: From
Bold Ideas to Exponential Impact. The report showcases the
firm's work throughout 2023 to find the most valuable, sustainable,
and innovative solutions to pressing global social and planetary
challenges. It also outlines BCG's progress toward its own
sustainability commitments.
"We are proud that in 2023 we delivered greater social and
planetary impact than ever before—both internally and in our work
with our clients and partners. The number of our client projects
focused on social and planetary objectives has increased
substantially, and we have achieved new milestones in our efforts
to reach net zero climate impact by 2030,'' said Christoph Schweizer, BCG's CEO.
BCG has invested more than $1.5
billion in social and planetary impact since 2020 through
pro bono and direct financial support in the private, public, and
social sectors. During 2023, 72% of the firm's largest clients were
involved in at least one social or planetary impact case. BCG's
Climate & Sustainability practice had a portfolio of more than
1,500 projects in 2023, an increase of more than 50% since 2022.
BCG also delivered over 1,000 Social Impact projects in 2023, up
more than 35% since 2022.
Climate action remains one core pillar of BCG's strategy. The
firm was a Principal Strategy and Action Partner to COP28, building on the collaboration with the UN
Climate Change High-Level Champions since 2020. BCG is helping
clients implement reductions of more than 1 gigaton of
CO2 emissions by 2030, equivalent to the annual combined
emissions of Germany and the
UK.
"Our ambitious internal climate goals were at the very top of
our agenda throughout the year, and we have stayed on track to
achieve them," said David Webb,
BCG's chief sustainability officer. "This commitment is also
reflected in our investment in innovators who are pioneering
new technologies including direct air capture and sustainable
aviation fuels. These have potential to become a key part in
meeting the planetary goals of carbon reduction and removal."
BCG continued its strong performance on diversity, equity, and
inclusion through the year. The company's workforce increased to
32,000 in 2023. Women made up 47% of the global headcount, and 39%
of the Executive Committee. For a decade, BCG has maintained equal
retention rates for men and women globally on both the consulting
and business services teams. Race and ethnicity remained a top
priority for the firm. In the US, 44% of BCG's people and 55% of
our new hires were from racial or ethnic minority groups.
The report details the wide range of initiatives and programs
that BCG has put in place to build a culture rooted in fairness and
belonging, where every individual can thrive. The firm deployed its
BLISS survey tool, which quantifies inclusion and its impact on
employee retention, happiness, and well-being, to understand its
current inclusion landscape and identify areas for improvement. The
measurement is part of a comprehensive approach to inclusion,
featuring employee groups such as Women@BCG, Pride@BCG,
AccessAbility@BCG, Black+/LatinX@BCG, and First Generation.
The report is available here.
Media Contact:
Brian
Bannister
+44 7733 886145
bannister.brian@bcg.com
About Boston Consulting Group
Boston Consulting Group
partners with leaders in business and society to tackle their most
important challenges and capture their greatest opportunities. BCG
was the pioneer in business strategy when it was founded in 1963.
Today, we work closely with clients to embrace a transformational
approach aimed at benefiting all stakeholders—empowering
organizations to grow, build sustainable competitive advantage, and
drive positive societal impact.
Our diverse, global teams bring deep industry and functional
expertise and a range of perspectives that question the status quo
and spark change. BCG delivers solutions through leading-edge
management consulting, technology and design, and corporate and
digital ventures. We work in a uniquely collaborative model across
the firm and throughout all levels of the client organization,
fueled by the goal of helping our clients thrive and enabling them
to make the world a better place.
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SOURCE Boston Consulting Group (BCG)