Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.
OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.
EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?
PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.
Carbon per FTE (full-time-equivalent employee) — the diagnostic measure for people-leveraged businesses where headcount, not capital, drives delivery. Captures the office, energy and travel footprint per person.
It's not uncommon for carbon credits to be retired via a broker (e.g. Climate Impact Partners, ClimeCo, 3Degrees, South Pole) whose name appears in the registry instead of the end-buyer's — meaning the retirement is real but not third-party-retrievable from the buyer's name alone. We also auto-defer retirements below 1,000 tCO2e to focus attribution on material volume; use the request below to investigate sub-threshold or broker-routed retirements for this firm.
How the firm describes its decarbonisation approach in its own words — alongside the headline numbers above. Self-reported, page-cited.
Since 2020, Bain purchases Energy Attribute Certificates (EACs) annually to cover 100% of its electricity consumption. The firm strives to align with RE100 standards for EAC criteria, although it is not an RE100 member. Bain's near-term SBTi target commits to continuing 100% renewable electricity sourcing through 2030, and its long-term target extends this commitment from 2030 through 2050. EAC purchases are approved annually by the Board and GOC as part of the carbon instruments budget.
Bain has committed to a Beyond Value Chain Mitigation (BVCM) pledge to purchase high-quality carbon removal offset credits exceeding 100% of its annual market-based emissions, achieving this annually since 2021. In 2024, total emissions were 174,200 tCO2e and Bain offset more than this amount. The GOC approves the annual budget for carbon instruments including offsets. Bain also made preliminary investments in engineered carbon removals and sustainable aviation fuel technologies, recognising it will ultimately depend on technological advancements in SAF, renewable natural gas, and engineered carbon removals to reach its net zero Scope 3 target.
Business travel is Bain's most significant Scope 3 source. Bain has established carbon budgets for internal (non-client) travel to cap and reduce non-client travel emissions, redesigned carbon-intensive functions such as recruiting (all first-round interviews virtual) and global training (locations optimised to minimise flight miles). Bain also purchases Sustainable Aviation Fuel certificates (SAFc): 1,589 tCO2e in 2023 and 1,810 tCO2e in 2024. The SBTi near-term target is a 35% per-FTE reduction in Scope 3 business travel by 2026 vs 2019; as of 2024, a 60% reduction has already been achieved.
Bain's transition plan includes current and planned investments in energy efficiency across its leased offices and EV fleet conversion to reduce Scope 1 and 2 emissions. The firm targets a 30% absolute reduction in Scope 1 & 2 by 2026 and 90% by 2050 from a 2019 base. As of 2024, Scope 1 & 2 market-based emissions have already been reduced 52% versus 2019. Bain also targets zero-emission real estate and renewable electricity to decarbonise its operational footprint.
Bain is on a multi-year journey to fully embed sustainability in 100% of client engagements, working across industries to help clients decarbonise, redesign supply chains, and build circular economies. The Sustainability practice — Bain's fastest growing — delivers dedicated solutions across energy, carbon, circularity, food systems, and finance. Bain published over 90 sustainability insights in 2024 and invested in training all consulting staff through programmes such as the MIT 'Sustainability in Action' course available to 100% of employees via Springboard.
Bain has identified supplier engagement and sustainable procurement as key levers in its net zero transition plan, with planned investments in tools and resources for procurement to drive decarbonisation with suppliers. Bain has begun assessing suppliers through the EcoVadis Supply Chain platform starting in 2025 and took a minority stake in EcoVadis. CDP-sourced supplier emissions data is used where available to calculate supplier-specific or category-average emissions factors for Purchased Goods & Services and Capital Goods.
| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2019 | 2026 | −30% | 1.5°C | 26.1% reduction achieved vs 30% target (87% of the way there). Linear pace expects 21.4% by now. −26.1% reductionof −30% target · 87% there | On track |
| Scope 1 + 2Absolute | 2019 | 2030 | −61% | 1.5°C | 26.1% reduction achieved vs 61% target (43% of the way there). Linear pace expects 27.7% by now. −26.1% reductionof −61% target · 43% there | Off track |
| Scope 2 | 2019 | 2030 | −100% | 1.5°C | insufficient data | — |
| Scope 3Intensity | 2019 | 2026 | −35% | intensity — not tracked vs absolute | — | |
| Scope 3Intensity | 2019 | 2030 | −55% | intensity — not tracked vs absolute | — |
| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2019 | 2050 | −90% | 1.5°C | 26.1% reduction achieved vs 90% target (29% of the way there). Linear pace expects 14.5% by now. −26.1% reductionof −90% target · 29% there | On track |
| Scope 3Intensity | 2019 | 2050 | −97% | intensity — not tracked vs absolute | — |
| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2 + 3 | 2019 | 2050 | — | 1.5°C | absolute-value target | — |
⚠ Some targets show progress vs the earliest extracted year as a baseline approximation. The real base-year value will be used once historical reports are extracted.
No target available for this scope.
