- Major Commitment to Carbon Neutrality: BCG has purchased over 50,000 tonnes of carbon removals, bringing its total to nearly 200,000 tonnes.
- Diversified Portfolio: Investments include advanced technologies like enhanced rock weathering, microbial carbon mineralization, and biochar.
- Top 10 Global Leader: BCG ranks among the top ten buyers of certified carbon dioxide removals worldwide.
Boston Consulting Group (BCG) has announced a 50,250-tonne purchase of certified carbon dioxide removals (CDRs) through ClimeFi, reinforcing its position as a global leader in durable carbon removal. This marks BCG’s second-largest purchase to date, bringing its total removals to nearly 200,000 tonnes and solidifying its ranking among the top ten global buyers of durable CDRs.
Why it matters:
As part of its goal to neutralize 100% of emissions by 2030, BCG is investing in cutting-edge carbon removal technologies to address climate change while fostering market innovation.
“By continuing to expand the CDR technologies we support, we are securing high-quality durable removals to neutralize our emissions and unlocking the potential of these technologies to contribute to global climate targets,” said David Webb, BCG’s Chief Sustainability Officer.
Related Article: EU Approves First-Ever Certification Framework for Carbon Removals and Farming
Key initiatives in BCG’s portfolio:
- Technological diversity:
- Enhanced rock weathering via Lithos Carbon, which sequesters CO2 and boosts crop yields.
- Microbial carbon mineralization by Andes to capture CO2 in agricultural fields.
- Concrete mineralization by O.C.O. Technologies to embed CO2 in building materials.
- Biochar projects by Exomad Green and Euthenia Energy for long-term carbon storage.
- Market leadership:
BCG’s collaboration with ClimeFi ensures ongoing performance tracking and scalable investments in sustainable technologies. - Scaling impact:
Supporting diverse solutions minimizes risks, enhances scalability, and drives innovation in the carbon removal market.
What others are saying:
Paolo Piffaretti, CEO of ClimeFi:
“BCG’s leadership in driving the CDR market forward and their desire to explore diverse solutions is critical to ensuring sustainable growth. We greatly appreciate their trust in us to build this robust portfolio.”
The bigger picture:
BCG’s strategic investments underscore its commitment to climate action, innovation, and long-term sustainability. By supporting cutting-edge technologies and promoting market growth, BCG is helping advance global carbon neutrality goals and drive meaningful environmental change.
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