Boston Consulting Group (BCG) has released its latest sustainability report exploring how the company is working to solve some of the world’s most urgent challenges and highlights the progress made on its own sustainability journey.
The report, titled “Expanding Our Reach, Enhancing Our Impact” shows how the consulting firm led more than 1,500 societal and planetary impact projects at 780 clients over the course of 2022. BCG has also invested over $1 billion since 2020 to drive progress on societal and planetary impact with leading private, public, and social sector organisations.
“We are committed to being the most positively impactful company in the world. This ambition lies at the heart of everything we do and is core to our purpose and values,” said Christoph Schweizer, BCG’s CEO. “We are proud to partner with clients, governments and nonprofit organisations to create positive and sustainable economic, environmental, and societal impact.”
The firm made two key leadership appointments in 2022, naming David Webb as chief sustainability officer and Nadjia Yousif as chief diversity officer. BCG’s Social Impact and Climate & Sustainability practices include a team of more than 2,100, delivering impact for clients representing 12% of BCG’s work in 2022.
For the second year in a row, BCG was the consulting partner to COP27, and supported the UN High-Level Climate Action Champions. BCG was also recognised for their leadership in climate action and transparency on the CDP Climate A List for the second consecutive year. The firm has invested more than $500 million in climate action since 2020 and has committed to investing $2 billion by 2030.
“We have set ambitious, science-based targets aiming to halve our emissions intensity by 2025 and achieve net zero climate impact by 2030,” said David Webb, BCG’s chief sustainability officer. “In addition to evolving the way we operate to reduce emissions, we are proud to be one of the companies helping support climate innovation in our industry and beyond. One way we do this is by supporting the development of breakthrough climate technology such as sustainable aviation fuel and direct air capture.”
BCG’s global workforce grew to 30,000 in 2022. Women represent 46% of the firm’s global headcount, and the firm maintained equal promotion and retention rates for women and men consultants. In the US, 46% of BCG’s current employees and 51% of its new hires in 2022 were from racial or ethnic minority groups.
In 2022, BCG embarked on a research project to understand what drives feelings of inclusion in the workplace. The results were used to develop BCG’s BLISS Index, which identifies a set of actionable drivers for leaders to use in building positive experiences of inclusion in their workplaces around the globe.
A link to the full report can be found here.
About BCG
BCG was founded in 1963. It is one of the “big three” management consulting firms, alongside McKinsey & Company and Bain & Company. BCG provides advisory services to businesses, governments, and non-profit organisations, with a focus on strategy, operations, organisation, and technology.
The company has over 90 offices in 50 countries and has worked with clients in a wide range of industries, including healthcare, energy, financial services, and technology. BCG is known for its expertise in the areas of growth strategy, innovation, digital transformation, and corporate sustainability.
