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    Action Plan for Supply Chain Emissions_ WEF_rectangle 2.jpg

    Corporates’ Supply Chain Scope 3 Emissions Are 26 Times Higher Than Their Operational Emissions

    Despite the Disproportionate Scale, Supply Chain Scope 3 Emissions Continue to Be Overlooked, with Only 15% of Corporates Having Set a Supply Chain Emissions TargetThree Significant Drivers of Action in Supply Chain Emissions Are a Climate-Responsible Board, Supplier Engagement, and Internal Carbon PricingIn 2023, Disclosed Upstream Emissions from the Manufacturing, Retail, and Materials Sectors Alone Suggest a Carbon Liability1 of over $335 BillionScope 3 Emission Blind Spots Drive Significant Unreported Risks for Both Investors and CorporatesOnus of Action and Accountability Falls on Corporates (Both Management and the Board of Directors) and InvestorsLONDON & BOSTON—In 2023, corporates reported that their Scope 3 supply chain emissions were, on average, 26 times greater than their emissions from direct operations (Scopes 1 and 2).2 According to the new Scope 3 Upstream: Big Challenges, Simple Remedies report, published today by Boston Consulting Group (BCG) and CDP, upstream emissions from the manufacturing, retail and, materials sectors had a footprint 1.4 times the total CO2 emitted in the EU in 2022.
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    Multi-Gigaton Scale Carbon Dioxide Removal Is Needed to Achieve Net Zero, but Is Unlikely to Materialize Without Policy Drivers

    Between Six and Ten Gigatons per Annum of Residual CO2 Emissions Are Likely to Remain Unabated Globally in 2050It Is Unlikely That Voluntary Demand Alone Will Meet Global Needs and Supporting Policies Will Be RequiredThe Integration of Durable Carbon Dioxide Removal into Existing and Proposed Policies Could Drive Up to 2.5 Gigatons in Demand by 2050BOSTON—The role of high quality, durable carbon dioxide removal (CDR), which can remove and sequester emissions for 100 to 1,000+ years, is critical to limiting temperature rise as shown in all scenarios from the Intergovernmental Panel on Climate Change (IPCC). An estimated six to ten gigatons (Gt) per annum of residual CO2 emissions is likely to remain unabated globally in 2050. CDR purchases have grown substantially, from 600 kilotons (kt) in 2022 to 4.5 megatons (Mt) purchased in 2023, and are expected to reach between 60 and 750 megatons per annum by 2040. However, this falls far short of the scale needed to reach net zero. These are among the findings of a new report being released today by Boston Consulting Group (BCG) titled Scaling CDR: Demand Drivers for Durable CDR.
    Six Lessons from Energy's Top Performers | Promo Image

    Top Performers in the Energy Sector Are Achieving Twice the Revenue Growth of Their Peers

    A Study of Total Shareholder Returns in the Energy Sector from 2019 to 2023 Reveals Significant Performance DifferencesAverage Annual Returns Range from 6% to 48% Across Energy SubsectorsWithin Subsectors, the Gap Between Top- and Bottom-Performing Companies Averages 30%BOSTON—Over the last five years, energy top performers consistently created more value than their direct peers in the same macroeconomic context. Average annual total shareholder returns (TSR) between 2019 and 2023 ranged from 6% to 48% across subsectors, with an average of 12% for the overall sector. Within subsectors, there was an average 30% gap between the top- and bottom-performing companies. These are among the findings of a new report published today by Boston Consulting Group (BCG) titled Six Lessons from Energy's Top Performers: Energy Value Creators 2024. The publication is based on a study of 150 of the largest energy companies, worth $5.1 trillion in market capitalization.
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    BCG Schweiz feiert „Ein Hoch auf 30 Jahre Regenbogen

    BCG zelebriert das 30-jährige Jubiläum des Zürcher Pride Festivals in Zusammenarbeit mit fast 40 UnternehmenEine gemeinsame Kampagne mit Jung von Matt fördert das Bewusstsein und die Gerechtigkeit für alle gesellschaftlichen SchichtenDadurch möchten BCG und die beteiligten Unternehmen geschlossen ein starkes Zeichen für Inklusion und Gleichberechtigung setzenZürich—Traditionell werden in der Schweiz nur das Schweizer Kreuz oder ein Kantonswappen geworfen. Nicht so in diesem Jahr: Das Zürcher Pride Festival feiert sein 30-jähriges Jubiläum – und die Boston Consulting Group (BCG) feiert unter dem Motto „Ein Hoch auf 30 Jahre Regenbogen“ mit einer grossen, von Jung von Matt entwickelten Kampagne mit. In Kooperation mit 40 namhaften Schweizer Unternehmen setzt sich BCG dadurch für eine Gesellschaft ein, in der Freiheit und Gleichberechtigung für alle gelten. Indem sie im Rahmen der Kampagne die Zurich Pride zur schweizerischen Tradition erklären, betonen die beteiligten Unternehmen die Zugehörigkeit der LGBTQ+ Community zur landestypischen Folklore.
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    Global Talent Is Ready to Embrace Reskilling Amid GenAI Advances

    A New Report from BCG, The Network, and The Stepstone Group Based on a Survey of More Than 150,000 Respondents in 188 Countries Reveals Shifting Workplace Priorities and PreferencesThree-Quarters of Respondents Believe GenAI Will Create Some Level of Disruption, and 57% Are Willing to ReskillWorkers Report Confidence in Navigating the Changing Labor MarketBOSTON/DÜSSELDORF—Three-quarters of workers around the world believe GenAI will bring some level of disruption to the workplace. But despite uncertain times, they remain confident about their place in the labor market: 57% of them are ready to retrain into new roles to stay ahead in their careers, and 64% feel they hold the upper hand when negotiating for jobs.
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    Over Half of CMOs Cite GenAI Adoption as a Top Five Priority Over the Next Year

    BCG Survey of More Than 200 CMOs Reveals That 78% of CMOs Are Optimistic About GenAICMOs Are Taking a Pragmatic Approach: Around 80% of CMOs Say GenAI Is Already Improving Automation, Speed, and ProductivityHalf of CMOs Report Using GenAI for Content Creation, Yet 70% Are Concerned About GenAI’s Impact On Creativity and Brand VoiceBOSTON—Chief marketing officers (CMOs) are navigating a tough environment: intense competition, pressure to “do more with less,” and scrutiny from boards, CEOs, and CFOs around marketing’s overall contribution to performance. In the face of this pressure, many CMOs view generative AI (GenAI) as a tool to improve efficiencies and unlock growth.