Boston Consulting Group (BCG) Forms Center to Assist Clients With Net-Zero Strategies
March 6, 2023 by Joe Panettieri
Boston Consulting Group (BCG) has formed the global Center for Climate & Sustainability Policy & Regulation to "support clients as they navigate and shape the global transition to a net-zero, nature-positive world," the management consulting firm said.
The center will serve as a "one-stop shop for clients, providing them with integrated advice on the implications of evolving climate and sustainability policy and regulation across geographies," BCG said.
The center is a "virtual" operation -- which suggests that it taps existing employees from across the company. BCG, which is privately held, had 25,000 employees as of 2021. The management consulting firm was founded in 1963.
In a prepared statement about the new center's formation, BCG's Lead for Climate & Sustainability Transformations Sylvain Santamarta said: “Governments are putting in place the policy and regulation required to meet their global climate goals and are transforming the competitive landscape for corporates and investors in the process. Many companies understand the criticality of policy implementation but struggle with the associated uncertainty and potential impact as the energy transition accelerates.”
Added Hubi Meinecke, BCG’s global head of Climate and Sustainability: “Current policy and regulation are only the tip of the iceberg. Much more is on the horizon as governments work to close the gap between our current path to 2.7°C and the global goal of 1.5°C.”
Concluded Matteo Coppola, BCG’s global head of Risk and Compliance: “From the Inflation Reduction Act in the US to the EU Green Taxonomy, companies face a proliferation of policy opportunities and regulatory requirements, and many are not set up to comply efficiently and effectively. The creation of this center represents a natural evolution in the expertise BCG has been building organically across the business in expectation of this acceleration in demand from clients. Our expertise is integrated with our sector experts to ensure it’s focused on practical implications and a practical response. We believe these changes will be transformative, not incremental. Clients need policy and regulatory advice that leads to strategic advice and business transformation—not simply incremental compliance.”