Our people believe deeply in operating with high social and environmental standards. In 2018 and 2019 Bain achieved a “Gold” rating from EcoVadis, the highest recognition given by the leading environmental, social and ethical performance scorecard for global supply chains. This rating puts Bain & Company among the top 5% of companies rated by EcoVadis, which monitors supplier practices across 150 purchasing categories and 110 countries on behalf of its 30,000 global partners.
Since 2011 we have reduced our Scope 1 & 2 emissions by 70%, by converting to renewable electricity, improving the energy efficiency of our office spaces and finding ways to reduce waste. We have set a goal to get to a 90% reduction by 2040. We utilize renewable energy for 96% of our electricity consumption and offset 100% of all our greenhouse gas emissions, including all flights, hotels and taxis. Our offsets support renewable energy and conservation projects, including methane capture in China and the US, clean cookstoves in China and Mexico, and forest conservation in Brazil and Chile, projects that would not be financially viable without carbon finance. Our local office Green Teams help further minimize waste and conserve energy around the globe.
Since 2012, Bain has been formally certified by Natural Capital Partners as a 100% CarbonNeutral company across its global operations. CarbonNeutral certification is achieved when an entity, product or activity has reduced emissions to net zero in accordance with The CarbonNeutral Protocol. We offset all of our emissions, from business travel to electricity usage to waste generation, and over 96% of our electricity consumption is now sourced from renewable electricity. We have consolidated our servers to achieve efficiency gains and carried out many other improvements identified by our local office Green Teams.
Bain’s Green Teams are made up of employees in local offices who are passionate about reducing our environmental impact and who champion local sustainability initiatives. The first Green Team was formed in 2005 by two associate consultants in the New York City office who took the initiative to cut paper cup usage in half and printing by over 30%. Word of the grassroots initiative quickly spread to other offices, and Green Teams sprang up around the world. Today these employee-led teams continue to identify and put environmentally sustainable practices into action in their local offices, and share their best ideas globally.
Diversity & Inclusion
Building a more inclusive culture at Bain and beyond is a continual process. Diversity and inclusion are central to creating the extraordinary teams required to generate breakthrough results for our clients, and that includes diversity of experience, background, strengths and perspective. We continue to build our understanding of these issues, including the need to address unconscious bias. Helping lead these efforts are our six formal global affinity groups: Women at Bain, Veterans at Bain, the GLBTQ Network at Bain, Asians at Bain, Blacks at Bain and Latinos at Bain.
Bain is No. 1 in the US on Glassdoor’s 2019 ranking of the best places to work based on employee input, our fourth time in the top slot since the list launched in 2009. We have been one of Working Mother’s 100 Best Companies for the past 11 consecutive years and one of the Best Places to Work for LGBTQ Equality according to the Human Rights Campaign.
In addition to our internal efforts, we are active participants in the broader dialogue about diversity and inclusion; we have published extensively on this topic, including a number of pieces on gender parity.
Ethics, Employee Health and Wellness, and Sustainable Procurement
Bain continuously strives to conduct business in a sustainable and responsible way by:
- enhancing our governance and risk management policies and procedures, and expanding our training programs on professionalism and ethical standards;
- enacting innovative health and wellness initiatives, including training programs on managing stress and building personal resilience; and
- sourcing and procuring in a sustainable way.