Boston Consulting Group (BCG) has doubled down on its sustainability focus within the Center East, launching its Local weather & Sustainability Hub within the area.
The brand new Local weather & Sustainability Hub brings collectively the very best of BCG’s international experience with its regionally-developed expertise and knowhow, on subjects together with decarbonization of sectors (together with hard-to-abate sectors), internet zero, renewable vitality, inexperienced innovation, and local weather danger mitigation.
Launched following comparable such hubs in Singapore and Australia, the GCC-based hub is not going to solely serve the Center East area, but in addition function as BCG’s international centre of excellence. The remit is notable: BCG’s centres of excellence are sometimes led out of house base the US (or different bigger markets), however with the world’s eyes keenly targeted on the UAE, the shift to the area is one which makes enterprise sense.
The unique consulting associate to each COP26 (Glasgow) and COP27 (Sharm el-Sheikh), Boston Consulting Group is likely one of the main strategic and administration consultants within the subject of sustainability. Within the area, BCG even tops ConsultancyME’s newest rating of sustainability consultancies.
With COP28 going down within the UAE coming November, the brand new Local weather & Sustainability Hub permits Boston Consulting Group to be near the motion, with the race to grow to be the occasion’s unique consulting associate nonetheless open (insiders near the matter advised ConsultancyME that whereas BCG is in pole place, main rivals are mounting a fierce problem to steal the distinguished crown).
Formally established final yr throughout an occasion inaugurated by Mariam bint Mohammed Almheiri (Minister of Local weather Change and Setting of the UAE) and Christiana Figueres (Government Secretary of the United Nations Framework), the Local weather & Sustainability Hub has over the previous months hit the bottom operating, welcoming each authorities and personal sector organisations to its roster of shoppers.
One of many extra high-profile shoppers is the federal government of the UAE itself. “We’ve partnered with BCG to develop a complete, sturdy, and bold internet zero plan for the nation,” admitted Almheiri.
Boston Consulting Group can be working with different governments on “creating methods to succeed in internet zero, enabling them to fulfill their regional and international commitments below the Paris Settlement,” mentioned Shelly Trench, World Local weather & Sustainability Technique Lead at BCG.
Within the company house, the hub works with shoppers from a variety of industries, together with vitality, retail and shopper, monetary providers, manufacturing, and journey & tourism. Boston Consulting Group helps strategize decarbonization roadmaps, and brings in groups that assist with the implementation of those roadmaps, together with operating main applications and offering the digital spine by way of its BCG X subsidiary.
“Our consultants work throughout decarbonization, mitigation, adaptation, and innovation, serving to shoppers scale back their carbon footprint and on the similar time leverage new, inexperienced development alternatives,” defined Trench.
Simon Birkebaek, Center East Local weather & Sustainability Subject Lead, added: “Governments and corporations within the area have alternatives to construct new export industries in hydrogen, inexperienced fuels for aviation and delivery, inexperienced metal or aluminum, amongst others. This not solely helps to scale back the carbon footprint but in addition creates new jobs and alternatives for residents within the area.”
In 2022, Boston Consulting Group gained a serious increase to its sustainability capabilities with the acquisition of Quantis, an environmental and sustainability consultancy with 250 employees throughout Europe and the USA.