Bain & Company announced a set of bold new sustainability commitments. The firm pledged to further reduce its scope 1 and 2 emissions—from activities such as heating and powering its offices—by 30 per cent over the next five years, and it plans to reduce its scope 3 emissions from business travel by 35 per cent per employee over the same time period.
What sets Bain apart from others is that it is deep into its sustainability journey, having already eliminated 78 per cent of its scope 1 and 2 emissions over the past decade by converting to 100 per cent renewable electricity, improving the energy efficiency of its offices and finding ways to reduce waste from its operations. These new goals reflect Bain’s steadfast alignment with the Science-Based Targets Initiative’s ‘Business Ambition for 1.5°C,’ which the firm signed last year when it committed to achieve net zero climate impact by 2030.
“We are long past picking low-hanging fruit, and we are following the same advice we give to our clients: setting audacious goals that are realistic and measurable,” said Sam Israelit, Bain’s Chief Sustainability Officer.
“Our firm is hyper focused on mitigating the impact of our emissions on the environment and accelerating our carbon transition. We continue to lead the way in our own industry while also equipping our clients and nonprofit partners to do the same.”
“Bain & Company has long been a sustainability frontrunner in its industry, achieving carbon neutral status for the past ten years in a row. Regionally, we are not just committed to reducing Bain’s remaining carbon footprint, but we will continue to invest in high quality carbon removal projects, including both nature-based reforestation and implementation of green technologies,” said Samer Bohsali, Partner at Bain & Company Middle East.
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