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NEW YORK - Bain & Company, the global business consulting firm, announced today its seventh annual certification as a 100% CarbonNeutral company - an achievement few can claim, according to Natural Capital Partners, a world-leading provider of carbon emission reduction and renewable energy solutions.
This announcement comes on the heels of Bain & Company being named among the top 5% of companies globally for corporate responsibility by EcoVadis, the leading platform for environmental, social and ethical performance ratings for global supply chains, which awarded Bain a gold rating this year.
Bain’s CarbonNeutral status is the result of an employee-led effort to minimise Bain’s carbon footprint through local initiatives across its 56 offices, including energy efficient workspaces, recycling and reduced paper usage. These activities complement firm-wide initiatives, such as server consolidation, increased teleconferencing and the purchase of green energy, which constitutes more than 96% of Bain’s electricity consumption.
Bain fully offsets the unavoidable portion of its carbon footprint, including employee travel for client meetings, by investing in renewable energy technologies and conservation initiatives around the world. To date, Bain has invested in nearly 30 sustainability projects in eight countries - including landfill methane capture in the US, solar power in China, and renewable biomass fuel in Brazil. These projects are only financially viable because of the carbon-finance investments they receive from companies like Bain & Company.
To achieve CarbonNeutral status, Bain works with Natural Capital Partners. Certification involves a rigorous and independent assessment of seven different greenhouse gas emissions, coupled with an offset-inclusive emissions reduction programme.
“Once again Bain & Company is recognised as a sustainability leader among global corporations,” said Steven Tallman, Bain partner and head of the firm’s global operations. “We continue to be just as proud of this accomplishment as we were the first year we achieved CarbonNeutral status, and we are constantly exploring new ways to minimise our environmental footprint, tap into our people’s passions and help our clients be better stewards of the environment.”
Bain’s research shows that while 93% of CEOs see sustainability as important to the future success of business, only 2% of companies achieve their sustainability goals. The firm works to help its corporate clients beat these odds by accelerating their core business strategies, while addressing environmental, social and economic fairness considerations.
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