2021 Energy & Natural Resources Report | Bain & Company energy report, natural resources report, energy transition, resource transition, energy industry, natural resources industry

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Global Energy and Natural Resources Report 2021

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.

Dear Reader: It is my privilege to share with you Bain’s Impact Report 2021, a review of our efforts to help create a more sustainable, equitable, and inclusive world—as a firm, as a partner to our clients, and as a champion for global communities. This year, the report takes on special meaning. The year 2020 was immensely different from any in our history. Covid-19 began its spread across the world in heartbreaking ways, and the fight continues today to end this pandemic. Devastating wildfires underscored the fragility of our planet and the clear and present threat of climate change. Tragic injustice revealed how much more we have to do as a society to advance racial equity and social justice in our communities. Millions struggled to put food on the table and a roof over their heads.

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Letter from Manny Maceda Working Toward a Sustainable, Equitable, and Inclusive World

As it did for countless organizations around the world, last year tested our firm in profound ways. It challenged us to rethink how we work, collaborate, and make a difference. Yet as I reflect on this past year, I am also incredibly proud of the many ways it revealed the resilience of our people, the strength of our values, and the urgency of our mission. The events of 2020 spurred us into action, bringing us closer together as we supported one another, our clients, and our communities in a time of acute need. That journey continues. Our mission statement calls on us “to help our 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. We are bringing the full force of our talent, expertise, and energy to help address some of the world’s most urgent challenges. We work with companies across industries to combat climate change through reduced carbon emissions; foster greater diversity, equity, and inclusion in their communities and workplaces; and uphold higher standards of corporate responsibility. We help private equity and other investors embed environmental, social, and governance metrics into their strategies, due diligence, and portfolio value creation. We launched our Global Sustainability Innovation Center in 2020 to help our corporate clients uncover new solutions and accelerate their sustainability journeys. And we apply the expertise of our ecosystem partners, including The Bridgespan Group, a leading nonprofit advisory firm that Bain incubated two decades ago, and EcoVadis, a leader in environmental reporting. At Bain, we believe bold steps define the future. In 2015, we pledged to invest $1.1 billion in pro bono consulting over 10 years to help leading social pioneers scale and amplify their impact. In recent years, we have increasingly used this investment to catalyze and mobilize innovative, multi-stakeholder partnerships, taking the kind of collaborative action that can effect the systemic change needed to deliver transformative impact. OneTen, a CEO-led coalition, focuses on creating broad, lasting economic opportunity for Black Americans. Groups like Dairy Nourishes Africa and The Nature Conservancy are building environmentally sustainable and economically rewarding food systems. And the Alliance to End Plastic Waste brings together a diverse network of companies, resources, and experts to create and scale innovative waste management solutions. As an employer, as a business, and as a member of the global community, we challenge ourselves every day to find new ways forward as well. Through our Sustainability@Bain initiative, we are reducing our own environmental footprint, enhancing employee well-being, practicing the highest levels of ethics, and procuring supplies and services sustainably. Carbon neutral since 2011, we aim to achieve net-zero carbon status by 2030 and also to meet our seven racial and social justice commitments. This report shares just some of our many achievements from 2019 through 2020. While we are proud of our accomplishments, we know there is so much more to be done. Along the way, we will learn. We will adapt and grow. We will be transparent in our progress. Above all, we invite others to join us on this shared journey. Overcoming the many challenges confronting our world requires leaps forward by every organization and every community, and we know that we will go further together. Manny Maceda Worldwide Managing Partner

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Further together

2021 Impact Report

Back to Further

Navigating the Energy Transition

Political Goals to Industry Action

The Other Sustainability Transitions

Redesigning Value Chains

Working with ESG Investors

Low-Carbon Hydrogen

Capital Projects Productivity

Supply Chain's New Scorecard

A Sustainable Engine 2

Journey to Net Zero

Scaling Digital in ENR

Companies must lead in innovation, understand the impact, and master the economics of the energy and resource transition.

Two out of Three Won’t Do

Energy and natural resources companies are uniquely qualified to address the challenges of the world’s most important issues.

Harnessing the Energy Transition

Critical Trends of the Energy and Natural Resources Transition

Strategic Advantages for Addressing the Transition

Political Goals to Industry Action

Meeting the Challenge of Covid-19

How we are supporting frontline organizations, educators, employers, and governments.

The Other Sustainability Transitions

Redesigning Value Chains

Working with ESG Investors

Low-Carbon Hydrogen

Capital Projects Productivity

Supply Chain's New Scorecard

A Sustainable Engine 2

Journey to Net Zero

Scaling Digital in ENR

Companies must lead in innovation, understand the impact, and master the economics of the energy and resource transitions company a leader in ESG within its industry.

Two out of Three Won’t Do

DOWNLOAD PDF

Further together

Impact Report 2021

Political Goals to Industry Action

The Other Sustainability Transitions

Redesigning Value Chains

Working with ESG Investors

Political Goals to Industry Action

The Other Sustainability Transitions

Redesigning Value Chains

Working with ESG Investors

Low-Carbon Hydrogen

Strategic Advantages for Addressing the Transition