The largest move of its kind within the consulting sector will see Bain & Company train all consultants internationally in ESG within months
12 world-class universities, including Massachusetts Institute of Technology (MIT), Imperial College London, HEC Paris, and Melbourne Business School will provide training to consultants in all of Bain & Company's 65 offices in 40 countries
The Further Academy will give all Bain consultants access to 40 hours of training as the firm puts climate science, sustainability and the wider ESG agenda at the heart of its consulting offer
LONDON, Sept. 29, 2022 /PRNewswire/ --In the largest move of its kind within the top tier management consulting sector, Bain & Company is offering an accelerated and specialised, post-graduate-level global ESG training programme to upskill all its consultants across the firm worldwide.
The upskilling initiative, already underway and being rapidly rolled out in all the firm's global regions, is a key element of Bain & Company's continuing, intense focus on supporting sustainable transitions to drive positive impact for all its clients. It supports the firm's aim to integrate ESG into 100% of client work, reflecting the global imperative for companies across sectors to build sustainability and ESG into the fabric of their businesses now, to accelerate the energy transition, transform food systems, and advance diversity and equity.
The Further Academy programme will see all of Bain's consultants and advisors, from entry-level new joiners to senior partners, receive the training from world class universities and business schools, including Imperial College Business School (London), Massachusetts Institute of Technology (MIT), HEC Paris, Solvay Brussels School of Economics and Management, and Delft University of Technology in the Netherlands (TU Delft) and Melbourne Business School's Centre for Sustainability and Business, Melbourne, Australia. See Notes to Editors for full list of institutions
The upskilling is part of Bain's continuing commitment to embed ESG into everything it does, both within its client work and in its own internal and external operations. It will equip each consultant to advise on ESG issues within their areas of expertise, ensure that an understanding of ESG risks and opportunities is at the heart of every client brief – and deliver on Bain's own, ambitious sustainable development goals.
Forty hours post-graduate-level training modules will be provided to each consultant, delivered primarily in live sessions with some hybrid elements, with the partner business schools developing regionally tailored curricula. Modules include climate change, the energy transition, sustainable development, business transformation, circularity and value chains, sustainable and equitable food systems, social justice, and diversity, equity and inclusion (DEI).
For DEI, this expanded program builds on extensive training already delivered to thousands of Bain consultants this year. In addition, the firm is already actively developing the next phase of the ESG upskilling drive to ensure continuing, relevant training across teams and regions, including for new joiners in the future.
Discussing the program, François Faelli, global managing partner for ESG at Bain & Company, said: "Reaching net zero on a global scale requires a tremendous investment in ESG skills. The next generation of business leaders must intuitively understand how to balance financial and non-financial objectives. I am proud to say that we will very shortly have succeeded in delivering this training for thousands of our advisors who will help steer our clients towards a more sustainable future.
François continued: "A foundational knowledge of climate science and social value is vital to understanding almost any modern business challenge. As purpose becomes more important as a driver of strategy, bridging the gap between academic institutions and business through initiatives like this is crucial. With the implementation of this program across all areas of our business, consultants will be empowered to work alongside clients to co-create the future and generate lasting impact."
David Brown, Director of Executive Education at Imperial College Business School, added: "Imperial College London is at the forefront of research and innovation for tackling the climate emergency, building new energy solutions, circular economies and driving sustainable and inclusive development.
Understanding and addressing these challenges is a core part of our mission. We are delighted with this executive education partnership which will allow both Bain and Imperial to further their knowledge and understanding of these critical topics".
David Schmittlein, John C Head III Dean, Massachusetts Institute of Technology Sloan School of Management, commented: "MIT Sloan is engaging faculty from across MIT in this unique collaboration to develop Bain and Company's ESG capabilities broadly. Leveraging MIT's breadth of relevant expertise and track record of partnering on innovative learning programs with the world's greatest companies, we will help current and future leaders across Bain strengthen their ability to work with their clients to implement strategies that maximize ESG performance systematically and sustainably."
Bain's strong sustainability commitment and record
Bain & Company, which has been carbon neutral since 2011, announced in April its commitment to science-based target emissions reductions, as well as the pledge to be net carbon negative in every year going forward. This will see Bain & Company remove more than 100% of its scope 1, 2 and 3 carbon emissions by supporting projects that extract carbon from the atmosphere.
Bain & Company launched its Sustainability and Responsibility Practice over ten years ago and has seen the area grow by more than 65% per annum over the past five years, with more than 950 sustainability projects undertaken by its consulting teams during this period, including more than 800 which touched on climate transition cases.
The Further Academy builds on the firm's extensive previous track record of ESG training. Previous initiatives include Further SM Learning, a series of podcasts and webinars now in its second year, along with ongoing curation of the latest insights shared through Bain's award-winning knowledge management platform.
For any questions or to arrange an interview, please contact:
Bain & Company: Gary Duncan (London) — Tel: +44 (0) 7788 163 791 Email: firstname.lastname@example.org
Notes to Editors:
*The full list of academic institutions partnering with Bain & Company to deliver the Further Academy training is: US: Massachusetts Institute of Technology Sloan School of Management EMEA: Solvay University, Brussels, Belgium; Antwerp Management School, Belgium; HEC Business School, Paris, France; SDA Bocconi School of Management, Milan, Italy; FUTURE Institute for Sustainable Transformation at ESMT Berlin Business School, Germany, and Circle Economy Foundation, Netherlands; Delft University of Technology, Netherlands; Wageningen University, Netherlands; IE Business School, Madrid, Spain; Stockholm School of Economics Executive Education, Sweden; Imperial College London, UK. APAC: Melbourne Business School Centre for Sustainability and Business, Melbourne, Australia.
About Bain & Company
Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future.
Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today's urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a platinum rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 1% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bain--company-acts-on-global-sustainability-imperative-with-world-leading-program-to-rapidly-upskill-all-consultants-with-esg-training-from-top-universities-301636350.html
SOURCE Bain & Company