BCG at COP26

Addressing the devastating effects of climate change requires a collaborative effort across businesses, governments, and society. At COP26, public, social, and private sector leaders will unite to seek solutions, alongside BCG, the exclusive COP26 consultancy partner.


COP26: The Most Critical Climate Change Conference Since the Paris Agreement

For governments and businesses today, there is nothing more urgent than taking climate action. To avoid irreversible damage and meet the Paris Agreement goals, including reaching net zero by 2050, global emissions must be cut in half by 2030.

Countries and companies that firmly embrace these opportunities, among other sustainability and climate innovation initiatives, will play a vital role in saving the planet. Equally crucial, they’ll create business advantage, in such forms as increased market share, new cost efficiencies, boosted valuations, and the ability to attract and retain top talent.

The annual Conference of the Parties (COP) drives ambitious action on these priorities from governments as well as businesses and civil society organizations. COP26, hosted by the United Kingdom in Glasgow in November, is the first climate change conference since Paris 2015 where the world is coming together to assess progress towards limiting global warming to well below 2 degrees—in addition to strengthening climate action across the public and private sector.

Group Up for Climate


Bringing Our Expertise to COP26

In addition to being the exclusive COP26 consultancy partner, we have been working directly alongside the UK’s High-Level Climate Action Champion, Nigel Topping, and supporting the UK Presidency to generate momentum on key campaigns, including the Race to Zero and Race to Resilience. BCG brings a potent set of strengths to the table:

Drawing on these strengths, BCG is uniquely positioned to support the COP26 goals, which include:

  • Securing global net-zero emissions by 2050, including receiving ambitious 2030 nationally determined contributions (NDCs) to emissions reductions from each country
  • Adapting to protect communities and natural habitats, through moves such as protecting and restoring ecosystems as well as investing in resilient infrastructure and agriculture to safeguard homes, livelihoods, and even lives
  • Mobilizing finance, by unleashing at least $100 billion in climate-related funding each year and $3-$5 trillion per year of investment needed in private finance—five to eight times higher than current levels
  • Working together to deliver, by finalizing the Paris Rulebook; managing successful negotiations; and catalyzing collaboration on COP26 goals, particularly on coal, renewables, zero-emission vehicles, and nature

Our Latest Insights


BCG and COP26 in the Press

Ahead of COP26, BCG’s CEO Rich Lesser speaks with CNN’s Richard Quest on the Intergovernmental Panel on Climate Change’s report. “We have to look at [climate] as a massive societal problem,” Rich Lesser explains. “And if we don’t have governments working in partnership with business, we will not go as far as we need to go, nor as fast, as this report says we must.

Watch on CNN

Rich Lesser
Global Chair
New York

BCG's Charlotte Degot spoke with Bloomberg about how companies can accurately measure their greenhouse gas emissions. She explains measuring with an AI tool could decrease a company's emissions by as much as 40%, which can be achieved "through identifying the best initiatives, tracking results, and optimizing company operations."

Read now on Bloomberg

Charlotte Degot
Managing Director & Partner
Paris

In a recent op-ed, BCG's Rich Hutchinson and Rich Lesser outline six essential actions for executives to integrate sustainability into their value creation agenda—ensuring their societal impact creates real value for the business also.

Read now on Fortune

Rich Hutchinson
Managing Director & Senior Partner; Social Impact Practice Leader
Atlanta

Jamie Webster, a senior director in Boston Consulting Group’s Energy Impact Center, argues that [surging global coal, natural gas, and carbon prices] may amount to the first climate change energy crisis, “both in the shocks that initiated the crisis (eg, low hydro [power] production in Brazil) and the muted supply response (eg restricted investment in new gas supply)…This crisis could have happened without climate change, but its probability was higher because of it.

Read now in Financial Times

Jamie Webster
Senior Director | Center for Energy Impact
Washington, DC

BCG is delighted to partner with Catalyst to bring the power of BCG’s consulting, climate, and industry expertise to accelerate the green industrial revolution. This new partnership with some of the world’s leading corporations will be critical to unlocking the potential to find, fund, and scale innovative technology solutions. These solutions are essential to closing the gap to vital climate targets.

Read now in Handelsblatt (German)

Christoph Schweizer
Chief Executive Officer
Munich

COP26 President Alok Sharma comments on BCG’s involvement as the exclusive COP26 consultancy partner, “I am pleased to welcome Boston Consulting Group as a COP26 Partner,” notes Sharma. “By committing to reach net zero, and setting science-based targets to achieve this goal, [BCG is] joining the growing number of businesses committed to reducing their environmental impact and helping to drive decarbonization. I look forward to working with BCG in the months ahead as we continue to make progress ahead of COP26.

Read the press release

Alok Sharma, COP26 President


Our Climate Commitments

Our Commitment to Sustainability

Our Commitments

We are putting the power of BCG to work in order to make a difference in the world.

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Sustainability Is Our North Star

With social impact a key lens for all our engagements at BCG, we can work with organizations to ensure their own future while they help to secure the future of our planet.

BCG's Net Zero Pledge

BCG’s Net-Zero Strategy

BCG has committed to reach net-zero climate impact by 2030 and then become climate positive—removing more carbon from the atmosphere than we emit each year.

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BCG Joins Breakthrough Energy Catalyst

BCG is a founding partner for Breakthrough Energy Catalyst, a program aimed at accelerating the development of the climate-smart technologies necessary to achieve net-zero by 2050.

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The Sustainable Advantage

BCG at COP26

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