New York – April 17 2019 – Bain & Company announced today that, for the second year in a row, it received a gold rating from EcoVadis, the leading platform for environmental, social and ethical performance ratings for global supply chains.
The rating puts Bain & Company among the top five percent of companies rated by EcoVadis, which monitors supplier practices across 150 purchasing categories and 110 countries on behalf of 35,000 companies. This recognition is the result of a global effort by Bain & Company to achieve exceptional levels of corporate responsibility.
“Encouraging our people to put their passion for sustainability to work every day is the right thing to do for our firm, our clients and most importantly, the planet,” said Steven Tallman, Bain & Company partner and head of the firm’s global operations. “We are proud of our gold rating from Ecovadis and proud to lead the global consulting industry on corporate sustainability.”
Bain & Company is a proud member of the World Business Council for Sustainable Development and has been certified as a 100 percent CarbonNeutral® firm for seven years in a row. Bain’s carbon neutral status accomplishment is due in part to an employee-led effort to minimize the firm’s carbon footprint through local initiatives across its 57 offices. These local activities complement firm-wide initiatives, including the purchase of green energy, which constitutes more than 96 percent of Bain & Company’s electricity consumption. All of this contributes to a continued reduction in Bain’s overall emissions footprint, despite robust firm growth.
Additionally, the firm has earned the most number one rankings in the history of Glassdoor’s Best Places to Work list, topping the charts on four separate occasions and making the list eleven consecutive times – one of only three companies to do so – always placing in the top four spots. Bain & Company is also consistently ranked as a best place to work by the Human Rights Campaign and Working Mother Media, and it was named a “Top 100 Innovator in Diversity & Inclusion” by Mogul.
Bain & Company has committed to investing $1 billion in pro bono consulting support in partnership with the world’s most innovative and effective nonprofit organizations aimed at improving the futures of underserved children and youth as well as fostering inclusive and sustainable economic growth.
Sustainability is undoubtedly moving up the corporate agenda. When Bain & Company surveyed 297 global companies, 81 percent said sustainability is more important to their business today than it was five years ago, and 85 percent believe that it will be even more important in five years.
Yet, even as awareness grows and industries respond, companies realize that their efforts to date are just a drop in the bucket compared with what is required and the potential value at stake. Among companies surveyed, 99 percent believe the global business community needs to either maintain a fast pace of progress or increase the pace of progress.
“As sustainability best practices become more widely adopted, pioneering firms are taking a giant leap. They are pursuing the next practices that will allow them to achieve step changes in their business while helping to deliver a truly sustainable next economy,” said Jenny Davis-Peccoud, a partner and head of Bain & Company’s Sustainability & Corporate Responsibility practice. “We believe that those who move first will unlock significant business benefits.”
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