Retooling for Sustainability
Selling Smarter
Machinery as a Service
The Digital Solutions Future
Expanding Beyond Machines
Evolving Amid Disruption
Foreword & Critical Trends
Strategic Advantages
LOOKING FORWARD
Rethinking the Post-Acquisition Playbook
Reshaping Portfolios Via M&A
Building Sustainable, Resilient Supply Chains
Be the best place to work for all
Mirror the diversity of our communities
Deliver bold climate ambitions in our business
Equip our full team with ESG expertise
Lead our clients on the path to net zero
Deliver positive financial and ESG impact
Embed ESG in 100% of client work
Find your own personal ESG mission
MAKE AN IMPACT
OUR COMMITMENTS
LOOKING FORWARD
The extraordinary challenges of our world in this moment make it clear we must go Further – faster and together. This report spells out and reaffirms our commitment to the bold actions we must take and the progress we have made, while knowing how much more there is to do.
Bain’s inaugural report on the state of the industry examines how leading companies are investing in software and automation, advanced services, supply chain sustainability and resilience, innovative business models and sales approaches, and other tools to build competitive advantages within—and beyond—their machines.
2022 ESG Report:
Going Further
DOWNLOAD PDF
Invest significant pro bono capacity
About Bain℠
Expanding beyond Machines
SM
Learn more about Further
Letter from Manny Maceda
In 2020, we took bold steps to define the future—and our journey to address some of the world’s most intractable problems is just beginning.
Our mission at Bain & Company is to help clients create such high levels of value that together we set new standards of excellence in our respective industries. Now more than ever, we are living out our mission by defining that value in economic, environmental and social terms. With our Further commitment to create a more sustainable, equitable and inclusive world, we are bringing the full force of our talent to address some of the world’s most urgent challenges – including the impacts of climate change, environmental degradation and structural inequities.
The need for bold action on ESG has never been more urgent. This year, we’ve raised the bar on our ESG goals with a set of commitments that guide how we act as a business, the work we do with our clients, and the impact we have on our communities. This report affirms our commitments and highlights some of our recent achievements. including:
We will continue to grow and scale our ESG work with clients and more deeply embed sustainability and diversity into our procurement practices. We will continue to advance on our DEI journey and drive carbon emission reductions and sustainable practices across all aspects of our operations. We will continue to support our global network of employee-led Green Teams in their efforts to drive sustainability at the local level.
Along the way, we will adapt and grow. We will be transparent in our progress. As an employer, as a partner to our clients, and as a champion for global communities, we will challenge ourselves every day to find new ways forward.
Manny Maceda
Worldwide Managing Partner
We’re taking an aggressive stance on decarbonization with a commitment to achieve net-negative carbon status – meaning we’ll invest in projects to remove more than 100% of our scope 1, scope 2 and scope 3 carbon emissions over the past year. We plan to achieve net-negative status every year going forward.
In the largest move of its kind within the consulting sector, we are training all consultants in ESG. This will enable our consultants to advise on ESG issues, ensure that an understanding of ESG risks and opportunities is at the heart of every client brief, and deliver on our own ambitious sustainability goals.
We’re pushing for greater transparency around sustainability metrics. As a member of the World Economic Forum’s International Business Council, we’ve committed to integrating stakeholder capitalism metrics – focused on People, Planet, Prosperity and Principles of Governance – into our annual reporting. We also received an A- score on our submission to CDP, the leading sustainability reporting platform for investors and companies.
•
•
•
Embed ESG in 100% of client work
Deliver positive financial and ESG impact
Lead our clients on the path to net zero
Equip our full team with ESG expertise
Deliver bold climate ambitions in our business
Mirror the diversity of our communities
Be the best place to work for all
Invest significant pro bono capacity
Find your own personal ESG mission
Learn more about Further
In 2020, we took bold steps to define the future—and our journey to address some of the world’s most intractable problems is just beginning.
The need for bold action on ESG has never been more urgent. Our world faces unprecedented challenges, from geopolitical instability to humanitarian crises to natural disasters. Climate change threatens not just severe environmental consequences but dire human suffering. Systemic barriers reinforce inequities that prevent truly inclusive growth. At Bain we understand it is our responsibility as a firm to take action. We aim to lead the development of innovative solutions to these existential issues as we help our clients address sustainability challenges, seize opportunities, and ultimately transform their businesses.
In recognition of this and building on our first decade of experience with sustainability issues, in 2021 we launched Further, our commitment to create a more sustainable, equitable and inclusive world.
Through Further, we bring the full force of our talent to work with clients in addressing some of the world’s most urgent challenges – whether it’s partnering with heavy emitters to rethink their business models, teaming up with organizations to advance DEI, or establishing cross-sector partnerships to build inclusive, sustainable and nutritious food systems. For two years in a row, our ESG business has grown over 100% per year.
Manny Maceda
Worldwide Managing Partner
Our deep commitment to ESG also guides our actions as a firm. We are proud to take an aggressive stance on decarbonization, becoming the first firm in our industry to achieve net negative carbon emissions. We purchase sufficient carbon credits funding high-quality, nature-based and innovative carbon removal projects to offset more than 100% of our scopes 1, 2
and 3 carbon emissions, while we work to reduce our footprint over time.
This year, we’ve continued to raise the bar with a series of ESG commitments that guide the work we do with our clients, how we act as a business, and the impact we have on our communities. This report details these commitments, our vision for success and our progress to date.
As we pursue our ESG ambition, we will continue to keep the bar high and be transparent in our progress. We will challenge ourselves every day to find new ways to go further.
We will encourage all Bainies to
find their ESG passion and
make an impact
We will encourage all Bainies to
find their ESG passion and
make an impact
We will invest significant pro
bono capacity
to solve the
world’s toughest
challenges
We will be the
best place to
work for all
We will mirror
the diversity
of our
communities
We will deliver bold climate ambitions in our own business
We will equip our full team with ESG expertise
We will lead on the path to net zero
We will deliver positive financial and ESG impact
in all our work
We will embed ESG in 100% of what we do with clients
WITH OUR CLIENTS
WITH BAIN
WITH OUR COMMUNITY
WITH OURSELVES
We will keep these commitments evergreen – with transparent progress and growing ambition
The extraordinary challenges of our world in this moment make it clear we must go Further – faster and together. This report spells out and reaffirms our commitment to the bold actions we must take and the progress we have made, while knowing how much more there is to do.
Bain’s inaugural report on the state of the industry examines how leading companies are investing in software and automation, advanced services, supply chain sustainability and resilience, innovative business models and sales approaches, and other tools to build competitive advantages within—and beyond—their machines.
2022 ESG Report:
Going Further
DOWNLOAD PDF
Letter from Manny Maceda
In 2020, we took bold steps to define the future—and our journey to address some of the world’s most intractable problems is just beginning.
We will continue to grow and scale our ESG work with clients and more deeply embed sustainability and diversity into our procurement practices. We will continue to advance on our DEI journey and drive carbon emission reductions and sustainable practices across all aspects of our operations. We will continue to support our global network of employee-led Green Teams in their efforts to drive sustainability at the local level.
Along the way, we will adapt and grow. We will be transparent in our progress. As an employer, as a partner to our clients, and as a champion for global communities, we will challenge ourselves every day to find new ways forward.
We’re taking an aggressive stance on decarbonization with a commitment to achieve net-negative carbon status – meaning we’ll invest in projects to remove more than 100% of our scope 1, scope 2 and scope 3 carbon emissions over the past year. We plan to achieve net-negative status every year going forward.
In the largest move of its kind within the consulting sector, we are training all consultants in ESG. This will enable our consultants to advise on ESG issues, ensure that an understanding of ESG risks and opportunities is at the heart of every client brief, and deliver on our own ambitious sustainability goals.
We’re pushing for greater transparency around sustainability metrics. As a member of the World Economic Forum’s International Business Council, we’ve committed to integrating stakeholder capitalism metrics – focused on People, Planet, Prosperity and Principles of Governance – into our annual reporting. We also received an A- score on our submission to CDP, the leading sustainability reporting platform for investors and companies.
•
•
•
Our mission at Bain & Company is to help clients create such high levels of value that together we set new standards of excellence in our respective industries. Now more than ever, we are living out our mission by defining that value in economic, environmental and social terms. With our Further commitment to create a more sustainable, equitable and inclusive world, we are bringing the full force of our talent to address some of the world’s most urgent challenges – including the impacts of climate change, environmental degradation and structural inequities.
The need for bold action on ESG has never been more urgent. This year, we’ve raised the bar on our ESG goals with a set of commitments that guide how we act as a business, the work we do with our clients, and the impact we have on our communities. This report affirms our commitments and highlights some of our recent achievements. including:
Manny Maceda
Worldwide Managing Partner
In 2020, we took bold steps to define the future—and our journey to address some of the world’s most intractable problems is just beginning.
The need for bold action on ESG has never been more urgent. Our world faces unprecedented challenges, from geopolitical instability to humanitarian crises to natural disasters. Climate change threatens not just severe environmental consequences but dire human suffering. Systemic barriers reinforce inequities that prevent truly inclusive growth. At Bain we understand it is our responsibility as a firm to take action. We aim to lead the development of innovative solutions to these existential issues as we help our clients address sustainability challenges, seize opportunities, and ultimately transform their businesses.
In recognition of this and building on our first decade of experience with sustainability issues, in 2021 we launched Further, our commitment to create a more sustainable, equitable and inclusive world.
Through Further, we bring the full force of our talent to work with clients in addressing some of the world’s most urgent challenges – whether it’s partnering with heavy emitters to rethink their business models, teaming up with organizations to advance DEI, or establishing cross-sector partnerships to build inclusive, sustainable and nutritious food systems. For two years in a row, our ESG business has grown over 100% per year.
Our deep commitment to ESG also guides our actions as a firm. We are proud to take an aggressive stance on decarbonization, becoming the first firm in our industry to achieve net negative carbon: we purchase high-quality, nature-based and innovative carbon removal technology projects to remove more than 100% of our scopes 1, 2 and 3 carbon footprint, while we work to reduce our footprint over time.
This year, we’ve continued to raise the bar with a series of ESG commitments that guide the work we do with our clients, how we act as a business, and the impact we have on our communities. This report details these commitments, our vision for success and our progress to date.
As we pursue our ESG ambition, we will continue to keep the bar high and be transparent in our progress. We will challenge ourselves every day to find new ways to go further.
Manny Maceda
Worldwide Managing Partner
