Boston Consulting Group (BCG), the global management consulting firm, announced on September 27 the launch of its Global Climate & Sustainability Hub in the GCC region.
According to BCG, the hub will aggregate, build and localise expertise at a cross-industry level in sectors such as energy, industrial goods, financial services, and digital innovation, to contribute to accelerated decarbonisation and greater circularity that support business and government ambitions.
“As the host of COP28 next year, the UAE has an opportunity to not only drive climate action at home but also to set an example and inspire the world,” said HE Mariam bint Mohammed Almheiri, UAE’s minister of climate change and environment.
“To achieve our goals, we are developing a detailed net zero by 2050 strategy, which includes a long-term roadmap and near-term actions. This is a complex endeavor, so we have convened a broad set of stakeholders, covering all emirates and sectors. We have also partnered with BCG to develop a comprehensive, robust, and ambitious plan for the country,” she added.
“With abundant renewable resources, deep technological know-how, and a drive to innovate, the region has the opportunity to take bold and targeted actions to address the global climate crisis and improve Middle East sustainability,” said, Shelly Trench, global climate and sustainability strategy lead and managing director and partner at BCG.
BCG Climate & Sustainability Hub will focus on three core areas:
- Country-level Net Zero: BCG is working with governments globally to develop strategies to reach net zero, enabling them to meet their regional and global commitments under the Paris Agreement.
- Corporate-Level Mitigation: Working with corporate clients over a wide range of industries, including energy, industrial goods, and travel and tourism, BCG will help deploy strategies and initiatives that reduce regional and global carbon footprint.
- Green Ventures & Innovation: Working with both public and private sector entities to leverage new opportunities for green growth, as well as capitalizing on not only the unique natural and human resources but also the capabilities of the region.
