Bain & Company has announced that it has signed the “Business Ambition for 1.5 C” commitment letter as part of the Science Based Targets Initiative (SBTI) and will achieve 100% net-zero carbon across all of its operations by 2030.
The firm which is a formally certified as a 100% CarbonNeutral® company across its global operations and has been since the spring of 2012, says it will develop new targets, based on climate science and objective data, and approve specific targets for all emissions by the end of the year.
The firm says it has converted 93% of its operations to renewable energy sources and will reach 100% by the end of the year. It has focused on increasing the energy-efficiency of its office space as well as reducing waste in its operations, and it has upgraded its sourcing processes to include sustainability as part of its supplier evaluation criteria.
It should be noted that Bain & Company is not currently a member of the Race to Zero campaign. It remains to be seen how their strategy will evolve.
Find out how to join the Race to Zero here.