BrazilBearingPoint pledges to halving its CO2 emissions by 2025
BearingPoint has unveiled a bold roadmap for slashing its carbon footprint, committing to reduce its firm-wide emissions by 50% by the end of 2025.
Axelle Paquer, a member of BearingPoint’s global leadership team (and sponsor of the sustainability portfolio) unveiled the firm’s plans this morning, stating that the firm is committed to “taking its responsibility” in the global movement towards the Paris 2030 and 2050 goals.
“To tackle global challenges like climate protection, companies must take action. This goes together with clear goals – they create focus and are needed for continuous progress. At BearingPoint, we have committed to an ambitious emissions reduction goal by 2025, as part of our its long-term ambition toward net zero,” he said.
In order to achieve its 50% reduction in emissions by the end of 2025 (compared to baseline year of 2019), BearingPoint has provided all its offices worldwide (over 25) the task to deliver on decarbonisation plans aligned to the firmwide ambition. Reducing emissions from business travel – typically the largest contributor to CO2 emissions in the consulting landscape as consultants travel to client locations – sits at the top of the priority list.
Other initiatives being looked at include improving the carbon footprint of offices, greening the use of IT systems and data centers, and ensuring that external activities such as events are organised in an as green manner as possible.
In tracking its carbon footprint, BearingPoint will make use of its own BearingPoint Emissions Calculator (which is used by dozens of corporates for tracking their emissions), which according to the firm provides a holistic perspective on emission footprint. The news come shortly after a report warned that many companies in fact fail to measure their emissions exhaustively and correctly.
In addition, BearingPoint will (continue to) offset its emissions. In 2020, the firm’s overall emissions amounted to 4,055 tons CO2e, which the consultancy offset by purchasing CO2 certificates from Forliance, a company that supports rainforest conservation and reforestation. BearingPoint supports the Sumatra Merang Peatland project in Indonesia, among others.
According to an estimate by McKinsey & Company, Europe’s ambition to become climate-neutral by 2050 will cost the continent roughly €28 trillion over the course of the next 30 years.
