Primary: Cross-functional Climate Impact Initiative driving enterprise-wide decarbonisation Booz Allen has formalised a cross-functional Climate Impact Initiative aligned to its SBTi-validated targets and net-zero 2050 commitment. The initiative encompasses four workstreams: (1) reducing Scope 1 and 2 emissions, (2) engaging the value chain to reduce Scope 3 emissions, (3) partnering with business leaders to integrate climate into business strategy and value proposition, and (4) empowering employee groups via the Sustainability Engagement Network (SEN) to drive local facility-level greening activities. The ERS Committee (chaired by the Chief Legal Officer) provides executive oversight with quarterly Board reporting.
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SBTi-approved net-zero target by FY2050 across all scopes SBTi approved net-zero target (NZ1) set 12/07/2023: reach net-zero GHG emissions across entire value chain by FY2050. Covers Scope 1, 2, and 3. 90% reduction target. Linked to Abs1-Abs4.
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Scope 1 boundary expanded to include natural gas FY24 Scope 1 reporting boundary expanded to include natural gas from two Booz Allen facilities. Added 179.34 tCO2e (1.5% increase). Prior years (FY23 and base year) have been recalculated.
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Base year and past years recalculated for Scope 1, Scope 2, and Scope 3 Following methodology and boundary changes in FY24, base year (FY2020) and FY2023 emissions were recalculated for Scope 1, Scope 2 location-based, and Scope 3 per internal policy (5% threshold).
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No renewable energy currently; facilities 100% leased, working with landlords on access Booz Allen reports 0 MWh from renewable sources in FY24 across all energy categories. All facilities are 100% leased from third parties, meaning Booz Allen does not currently have access to contractual instruments or utility company emission factors. The facilities teams continue to work with landlords and property managers to seek arrangements by which utility information and renewable energy options may be made available. No RECs, PPAs, or green tariffs are currently in place, resulting in a 0% renewable energy figure.
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Primary: Business travel reduction as dominant Scope 3 Category 6 lever Business travel (Cat 6) is one of the two largest Scope 3 emission sources at 43,813 tCO2e in FY24, covering air travel, car rentals, personal vehicle mileage, and hotel stays. Booz Allen's SBTi near-term target (Abs2) covers 90% of Cat 6 emissions with a 50.4% reduction goal by FY2032. The firm employs a proactive telework strategy providing employees flexibility to conduct business remotely, reducing travel demand. Travel emissions are tracked through primary travel service providers (air, rental car agencies) using GHG Protocol factors; 90% of Cat 6 emissions are from supplier-specific data.
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Methodology change for Cat 5 Waste: building utilization rates and new emissions factor Cat 5 Waste methodology changed to use building utilization rates and a custom emissions factor based on waste generated at McLean HQ headquarters, extrapolated to all facilities by square footage. Results decreased from 3085 tCO2e (FY23) to 234 tCO2e (FY24).
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SBTi validation of near-term and net-zero targets The Science Based Targets initiative approved Booz Allen Hamilton's near-term (50.4% by FY2032) and long-term (net-zero by FY2050) targets in FY24. Booz Allen joined Race to Zero Campaign and We Mean Business as part of commitment.
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SBTi-approved near-term target: 50.4% reduction in Scope 3 by FY2032 SBTi approved Abs2 near-term Scope 3 target (12/27/2023): reduce absolute Scope 3 emissions 50.4% by FY2032 from FY2020 base, covering Cat 1,3,4,5,6,7,8,15. 1.5C aligned.
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SBTi-approved long-term target: 90% reduction in Scope 3 by FY2050 (Abs4) SBTi approved Abs4 long-term Scope 3 target: reduce absolute Scope 3 GHG emissions 90% by FY2050 from FY2020 base year, covering Cat 1,3,4,5,6,7,8,15. 1.5C aligned.
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