Now more than ever, businesses must serve all stakeholders—customers, employees, society, and investors—alike. At BCG, we believe in power of business and capital to be forces for good. We work with our clients to analyze their core business models, capabilities, and operations to create positive economic, social, and environmental impact in ways that are profitable for the long term.
We achieve our greatest societal impact in collaboration with our clients. By maximizing the impact of these cooperative efforts, we accomplish far more than we ever could alone. Partnership is at the heart of our social impact approach, and it is key to tackling complex social and environmental challenges. We seek to maximize our own social impact by enriching and expanding our partnerships, fostering system-level coalitions, and establishing social impact and sustainability as core competencies that are woven into business strategies and thus yield quantifiable returns.
Our social impact consulting drives major initiatives across a broad spectrum of global challenges to shape a better future. Our work is closely aligned with addressing and achieving the UN’s Sustainable Development Goals (SDGs).
In this time of accelerating systematic change, customers, employees, and investors increasingly demand that organizations act in socially aware and sustainable ways and demonstrate that they are doing so. It is necessary, strategic, and profitable for organizations to have a positive social impact. We help organizations to plan, implement, assess, and communicate their social impact and sustainability initiatives. Examples of our social impact work include:
Transformative global change for the better is clearly possible. Driving such change is a source of sustainable competitive advantage. Companies can do well by doing good. For instance, biopharma companies that conduct ethical human clinical trials and expand access to medications have margins that are 6.7 percentage points higher, and valuations that are 12% greater, than the average for the industry.
BCG brings its traditional emphasis on in-depth analytics, strategic insight, and the innovative application of digital technologies to magnify the impact of our social impact partners on major global challenges, ranging from global health to sustainable economic development.
BCG on Social Impact
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Managing Director & Senior Partner; Social Impact Practice Leader