Press Releases

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Climate Leaders Boost Bottom Line from Decarbonization, Averaging Over $200 Million in Annual Net Benefits

BCG and CO2 AI’s Fourth Edition of the Carbon Emissions Survey Found that Most Respondent Companies Have Made Little Progress on Climate Issues Over the Past YearJust 9% of the Nearly 2,000 Companies Surveyed Said They Comprehensively Report Scopes 1,2, and 3 EmissionsCompanies That Use AI to Help Reduce Emissions Are 4.5 Times More Likely to Experience Significant Decarbonization BenefitsBrazil, India, and China Are Leading in Comprehensive Emissions Reporting, Target Setting, and Reducing Emissions in Line with AmbitionsBOSTON—Despite the escalating climate crisis and 2023 marking the hottest year on record, corporate progress on decarbonization has slowed. A new study by Boston Consulting Group (BCG) and CO2 AI released today reveals that companies have made minimal progress on climate issues over the past year.

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Putting the Customer at the Center Can Turbocharge the Energy Transition

Customer Centric Energy Transitions Can Move Two to Five Times Faster than Supply-Led TransitionsCustomer Centric Transitions Can Have a Rapid Impact in Three Sectors: Residential and Commercial Buildings, Transportation, and IndustryThe Opportunity Within These Sectors Covers 60% of Global Energy Demand and a Third of Greenhouse Gas EmissionsBOSTON—Low-carbon technologies currently deliver 42%, or 32 exajoules, more primary energy than in 2015, the year of the Paris Agreement, largely driven by supply-side forces. However, hydrocarbon demand also grew by 31 exajoules during the period. Addressing the demand as well as the supply side of the equation by placing the customer at the center of new sustainable energy offerings, could significantly accelerate the transition. Customer centric energy transitions can move two to five times faster than supply-led transitions, and have more staying power. These are among the findings of a new Boston Consulting Group (BCG) study, Turbocharging the Energy Transition by Boosting Customer Demand: Shifting from Should to Want, released today.

Boston Consulting Group Reaches Resolution with US Department of Justice

BCG Voluntarily Self-Disclosed Matter to the DOJ and Fully Cooperated with the DOJBCG Will Disgorge Related Profits from Past Activities in AngolaSignificant Investments Made by BCG to Enhance Risk and Compliance ProgramsBOSTON—The US Department of Justice (DOJ) declined to prosecute BCG under the Foreign Corrupt Practices Act for conduct related to certain employees’ activities in Angola from 2011 to 2017. In declining to prosecute, the DOJ cited BCG’s voluntary self-disclosure, full cooperation, and compliance enhancements. In resolving the matter, BCG will disgorge $14.4 million, which the DOJ calculated to reflect BCG’s profits from the impacted work in Angola.

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Almost 40% of European High-End Buyers Are Looking to Purchase Their First Electric Vehicle in the Next 12 Months–If the Product Experience Is Right

A New Wave of High-End Buyers Is Ready to Make the Change From Internal Combustion Engines If Their Needs and Concerns Are AddressedCharging Experience and Range Are the Biggest Hurdles to AdoptionCharging and Range Concerns Significantly Lower for Those Who Have Driven a Battery Electric VehicleSafety, Comfort, and Sustainability Are the Key Purchasing Criteria, along with the Digital and Tech ExperienceBOSTON—After a slowdown in the European battery electric vehicle market, a new wave of high-end buyers shows potential to drive a recovery. Thirty-eight percent of high-end consumers looking at a car purchase of €80,000 or more within the next year are considering a battery electric vehicle. Among these prospective buyers, 64% would choose an electric vehicle over an internal combustion engine alternative if the models offered the same specifications. However, to capture this growing segment, electric vehicle manufacturers must prioritize addressing customer needs and alleviating key concerns. These are among the findings of a new Boston Consulting Group (BCG) study, Europe’s High-End Buyers Rethink EV Ownership, released today.