Climate Change Data

Bain & Company, Inc

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:131,069 tCO2e/year
Scope 1 Emissions:1,345 tCO2e/year
Scope 2 Emissions:460 tCO2e/year
Scope 3 Emissions:129,264 tCO2e/year

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Achieved net-negative carbon emissions by offsetting more than 100% of its Scopes 1, 2, and 3 carbon footprint (131.1 MT CO2e in 2022).
  • Achieved Carbon Integrity Platinum Claim as defined by the Voluntary Carbon Markets Integrity Initiative (VCMI).

Climate Goals & Targets

Long-term Goals:
  • Committing to achieving net-negative carbon emissions each year going forward.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, VCMI, ICVCM’s Core Carbon Principles

Certifications: CarbonNeutral®

Third-party Assurance: Independent certified public accounting firm (limited assurance)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:173,563 tCO2e/year (market-based)
Scope 1 Emissions:1,510 tCO2e/year
Scope 2 Emissions:410 tCO2e/year
Scope 3 Emissions:171,643 tCO2e/year
Renewable Energy Share:100% (electricity)
Total Energy Consumption:29,954 MWh/year
Waste Generated:1,654.78 tons/year
Carbon Intensity:9.84 tCO2e/FTE (2023)

ESG Focus Areas

  • Climate change
  • Diversity, Equity, and Inclusion (DEI)
  • Social Impact
  • Responsible Procurement
  • Data Security
  • Ethical Business Practices
  • Responsible Innovation & AI
  • Responsible Corporate Governance

Environmental Achievements

  • Reduced Scopes 1 & 2 market-based emissions by 52% against its 2019 baseline
  • Achieved a 65% reduction in business travel emissions/FTE against the 2019 baseline (excluding carbon offsets)
  • Achieved net-negative carbon emissions in 2023, offsetting more than 100% of its footprint (173.6 MT CO2e)
  • Purchased enough SAF to cover all emissions associated with North American recruiting flights for 2022-2023 and 2023-2024 recruiting cycles
  • Sources 100% renewable electricity since 2020
  • Achieved VCMI Carbon Integrity Platinum claim for its 2022 footprint
  • Achieved a Platinum EcoVadis rating for the second year in a row

Social Achievements

  • Invested $270M in pro bono consulting supporting nonprofit clients
  • Continued to embed DEI throughout its organization, including 90+ directed training sessions and 200+ DEI-related events
  • Continued support and investment in key partnerships such as OneTen and BlackNorth
  • Completed more than 850 climate and sustainability projects

Governance Achievements

  • Obtained limited assurance from Grant Thornton LLP on its 2023 GRI Index
  • Established a formal environmental policy
  • Developed cutting-edge tools with partners (IntersectSM, Net-Zero Navigator)

Climate Goals & Targets

Long-term Goals:
  • Reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year
  • Reduce scope 3 GHG emissions 97% per FTE by 2050 (vs 2019 baseline)
  • Source 100% renewable electricity from 2030 through 2050
Medium-term Goals:
  • Source 100% renewable electricity through 2030
Short-term Goals:
  • Reduce Scope 1 and 2 emissions by 30% by 2026 (vs 2019 baseline)
  • Reduce Scope 3 emissions from business travel by 35% per employee by 2026 (vs 2019 baseline)
  • Divert 90% of waste from landfills by 2030
  • Include robust sustainability addendum in 5% of qualifying supplier agreements by 2025

Environmental Challenges

  • Systemic barriers in the professional services industry related to DEI
  • Potential negative impacts of AI on society
  • Increased cost of compliance with ESG regulations (e.g., EU CSRD)
  • Potential negative impacts of client work (e.g., unsustainable practices)
Mitigation Strategies
  • Proactive risk management processes
  • Robust DEI policies and initiatives
  • Responsible AI practices and policies
  • Proactive engagement with suppliers on sustainability
  • Rigorous client selection process ('Proceed with Pride' framework)
  • Comprehensive training programs on ESG topics

Supply Chain Management

Supplier Audits: >60% coverage (>$1M spend) in 2023

Responsible Procurement
  • Supplier Code of Conduct
  • Sustainable Procurement Policy
  • Anti-Forced Labor Policy
  • Human Rights Statement
  • US Supplier Diversity Policy
  • CIPS certification for 100% of procurement team
  • Sustainability addendum in key supplier agreements

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Heat stress
  • Sea level rise
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Growth in sustainability-related engagements

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 27001, CarbonNeutral® (2011-2022)

Third-party Assurance: Grant Thornton LLP (limited assurance)

Sustainable Products & Innovation

  • Net Zero Navigator
  • Decarbonization Levers Library
  • Supply Chain Decarbonization
  • Climate Resilience and Adaption
  • IntersectSM Carbon and Energy Transition Model

Awards & Recognition

  • #1 on Glassdoor’s Best Places to Work UK and US in 2024
  • FORTUNE 100 Best Companies to Work for 2023
  • #1 on Vault’s 2023 “Consulting 50” list
  • Great Place To Work -Certified™ in 2023
  • Best Employers: Excellence in Health & Well-being award (2024)