Press Releases

1028 Results

    CO2 AI Now a Standalone Software Company Backed by BCG and International Venture Capital Firms

    BCG Built CO2 AI in 2020 to Support Large, Complex Organizations in Managing Their Sustainability Goals by Helping Them Measure and Reduce Their Emissions Impact at ScaleCO2 AI Will Continue to Focus on Reaching the Full Potential of Its Industry-Leading End-to-End Sustainability Software SolutionCO2 AI Will Remain a Sustainability Management Software Partner for BCGPARIS—Boston Consulting Group (BCG), one of the world’s leading management consulting firms, today announced that CO2 AI, the end-to-end sustainability management software solution, will now be a fully autonomous company, headquartered in Paris, France. The firm will also house operations in other European locations, such as Germany, the Netherlands, and Spain, as well as the US. Created by BCG in 2020, CO2 AI is already helping many of the world’s largest companies manage their net zero journey and decarbonize at scale and will continue to focus on reaching the full potential of its industry-leading software solution.

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    Software-Defined Vehicles Will Create a More Than $650 Billion Value Potential for the Auto Industry by 2030

    OEM Revenues from Automotive Software and Electronics Will Grow Nearly Three-Fold Between Now and 2030, from $87 Billion to $248 BillionThe Supplier Market for Automotive Software and Electronics Will Nearly Double, from $236 Billion to $411 BillionAs Cars Become Tech Products, Automotive and Technology Companies Must Prepare to Partner with Each Other Across Industries and Regions to Unlock the Benefits of Scale and Speed-Up the Transition to Software-Defined VehiclesNew Report from World Economic Forum and BCG Provides Insights for Industry Leaders to Jointly Fast-Track this TransformationBOSTON—The automotive world is undergoing a radical change, in which two completely different industries—automotive and tech—are rapidly merging, providing the industry with its most challenging transformation in over a century. This is marked by a shift from internal combustion engines towards electric vehicles (EVs) and a shift from vehicles that are almost exclusively mechanical machines to ones with increasingly complex software-defined systems.

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    The Green Energy Transition Must Happen Roughly Three Times Faster than Previous Fuel Transitions to Maintain a Livable Planet

    There Is a $18 Trillion Investment Gap to Finance the Transition Through to 2030The Economics of Our energy Systems Will Fundamentally ChangeInvesting in Low-Carbon Energy Can Improve Energy Sustainability, Affordability, and SecurityBOSTON—Renewables and other low-carbon solutions must ramp up from 12% of the energy supply in 2021 to 50%-70% by 2050, according to industry standard models, to limit global warming to 1.5°C above preindustrial levels. This is around three times faster than previous transitions, for example to coal and to hydrocarbons. These are among the findings of a new publication released today by Boston Consulting Group (BCG) Center for Energy Impact, titled The Energy Transition Blueprint.