Dependent: Supplier engagement via EcoVadis Bain holds a minority stake in EcoVadis and began assessing suppliers through the EcoVadis Supply Chain platform in 2025 to drive decarbonization across purchased goods and services. Bain also partners with Persefoni, Sylvera, and Schneider Electric to expand sustainability capabilities.
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Waste diversion target: 90% diverted from landfill by 2030 Bain has set a target to divert 90% of waste from landfills by 2030. In 2024, Bain diverted 64% of waste from landfills.
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Primary: Sustainable Aviation Fuel (SAF) certificates Bain began purchasing SAF certificates in 2023 (1,589 tCO2e) and increased volumes in 2024 (1,810 tCO2e). The Board and GOC approve the annual SAFc budget. Bain anticipates higher SAF costs over the next 10 years as part of its transition plan.
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Added well-to-wake (WTW) emissions to air travel reporting In 2024, Bain began reporting both direct emissions from fuel combustion and upstream emissions from production/delivery of aviation fuel (well-to-wake) for air travel. Prior years not recalculated. This change increased Scope 3 Business Travel emissions by approximately 9.8% in 2024.
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100% renewable electricity via EACs since 2020 Bain has purchased Energy Attribute Certificates (EACs) to cover 100% of its electricity usage from non-renewable sources every year since 2020. Bain strives to align with RE100 standards for EAC criteria, though it is not an RE100 member. Long-term commitment is to continue sourcing 100% renewable electricity annually from 2030 through 2050 as part of SBTi-validated targets.
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Primary: Business travel reduction via carbon budgets Business travel is the dominant Scope 3 source. Bain has established internal carbon budgets to cap and reduce non-client travel emissions, redesigned recruiting (virtual first-round interviews) and training (location optimization to minimize flight miles) to reduce travel-related emissions. As of 2024, business travel emissions/FTE reduced 60% vs 2019 baseline.
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Primary: EV fleet conversion and zero-emission real estate Bain's transition plan investments include EV fleet conversion, energy efficiency, alternative fuel, and zero-emission real estate to decarbonize Scope 1 and Scope 2 operations. As of 2024, Scope 1+2 market-based emissions reduced 52% vs 2019 baseline.
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Dependent: Client engagement: embed sustainability in 100% of casework Bain's commercial strategy aims to embed sustainability in 100% of client engagements, helping clients decarbonize through its Sustainability Practice (Bain's fastest-growing practice). 100% of employees globally have access to MIT-faculty 'Sustainability in Action' training via Springboard from 2024.
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SBTi-validated long-term net zero targets approved (2050) Bain's long-term targets validated by SBTi in 2024: reduce absolute Scope 1+2 emissions 90% by 2050 and Scope 3 per FTE 97% by 2050 from 2019 base year; continue 100% renewable electricity 2030-2050. Near-term targets: 30% absolute S1+2 reduction by 2026, 35% Scope 3 business travel/FTE by 2026.
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Used 2022 BEIS emission factors instead of 2023 factors for air travel Bain opted to use 2022 BEIS factors rather than the latest (2023) factors because 2023 factors reflected unusually low pandemic-era aircraft occupancy from 2021, inflating per-passenger-mile emissions. Impact: decrease in Scope 3 Business Travel emissions of approximately 31% in 2024. Not retrospectively applied.
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