Key take-aways:
One of the world’s leading management consulting firms, BCG, has signed a 10-year carbon removal agreement with Climeworks to remove part of their unavoidable emissions.
This is the second 10-year agreement for Climeworks, which proves that there is high long-term demand for measurable and permanent carbon dioxide removal.
Through this contract, which is the first of several direct air capture agreements BCG expects to sign, BCG is setting an example for the fast adoption of technological carbon removal.
On top of the purchasing agreement, BCG will provide consulting services to help accelerate the scale-up of Climeworks' services.
Boston Consulting Group (BCG), one of the world’s leading management consulting firms, has signed a 10-year agreement with Climeworks. As part of the firm’s commitment to reach net-zero climate impact by 2030, BCG purchases Climeworks’ carbon dioxide removal service to capture carbon dioxide directly from the atmosphere and permanently store it underground.
This 10-year agreement, the second for Climeworks, sends a strong signal to the market and proves that there is high long-term demand for measurable and permanent carbon dioxide removal already today, which is set to grow significantly.
BCG’s commitment to reach net-zero climate impact by 2030 with Climeworks
In September 2020, BCG announced a bold new commitment to achieve net-zero climate impact by 2030 and, from there, to become climate-positive, removing more carbon from the atmosphere than they annually emit. BCG has now signed a 10-year agreement with Climeworks, which will remove part of BCG’s unavoidable CO₂ emissions and is thus an important part of the company’s net-zero strategy.
With this agreement, and others in this space still to come, BCG’s goal is to help unlock a meaningful direct air capture capacity by establishing long-term partnerships with direct air capture leaders to help scale the broader market and demonstrate the significant impact direct air capture can have in enabling companies to get to net-zero climate impact.
On top of the carbon removal purchasing agreement, BCG will provide consulting services to Climeworks with the objective of supporting the broader adoption and scaling of their services and thus help accelerate their scale-up.
"This is a critical partnership for BCG in our quest to lead in the decarbonization space. Not only will we use Climeworks services to help meet our own net zero goal by 2030, but we will also aim to make an even greater impact by acting as a consulting partner to Climeworks to help accelerate the broader adoption and scaling of their services worldwide.”, says Christoph Schweizer, CEO of BCG.
Christoph Gebald, co-CEO and co-founder of Climeworks
The carbon removal market’s ability to scale up fast relies on early action from pioneering companies. After having brought the first carbon removal plant into operations earlier this year, we are proud to be partnering with BCG as the first direct air capture company and help them achieve their 2030 net zero ambition. Such partnerships also play a vital role in inspiring other businesses to support science-based and scalable solutions.
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