Commercial, Energy Efficiency, GHG Emissions  -  December 15, 2023

BCG Signs Agreement Redefining Carbon Removal

Boston Consulting Group (BCG), a management consulting firm, entered into a collaboration with a 15-year strategic partnership agreement.

The agreement entails a carbon removal purchase agreement with Climeworks, a global company in carbon removal via direct air capture technology. This will support BCG’s goal to net zero. In addition, BCG will provide consulting services to Climeworks.

BCG has committed to help scale permanent removals like direct air capture via large-scale, long-term investments. 

The contract, covering 80,000 metric tons of CO2, represents the single largest purchase of Climeworks’s corporate buyers to date. 

The agreement comes shortly after the U.S. Department of Energy chose Climeworks as the technology partner for three direct air capture hubs in the U.S.

“Without carbon removal, net zero is out of reach. This is true for BCG and across industries at large. It’s imperative that we start scaling carbon removal today, in particular high-quality solutions that are verifiable, additional, and permanent, to be able to meet the growing demand in the coming decades. Climeworks continues to be a driving force in carbon removal and is a valued partner on the path to BCG’s net zero target,” said David Webb, Chief Sustainability Officer of BCG, in a statement.

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