Kearney is the first management consulting firm with objectives approved by SBTi

Global management consultancy Kearney today became the first management consultancy in the world to have its science-based short- and long-term emissions reduction targets endorsed by the Science Based Targets Initiative (SBTi).

SBTi is a collaboration between CDP, the UN Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) to drive ambitious climate action in the private sector by enabling organizations to set targets science-based emission reductions. .

As UN calls latest IPCC science ‘code red for humanity’, chances of society limiting global temperature rise to 1.5°C dim, but still possible if we act rapidly.

Kearney’s commitments to reduce emissions across the value chain and achieve science-based net zero targets are aligned with the 1.5˚track C and include:

  • Reduce absolute Scope 1 and Scope 2 GHG emissions by 50% by 20301
  • Reduce absolute scope 3 GHG emissions from business travel by 30% by 2030 and all other absolute scope 3 emissions by 30% over the same period
  • Achieve 100% renewable energy in Kearney offices by 2025 and continue to source 100% renewable electricity annually through 2030
  • Ultimately, reduce absolute Scope 1, 2 and 3 GHG emissions by 90% and achieve net zero GHG emissions across the entire value chain by 2050

These commitments to the SBTi Net-Zero standard are where Kearney aims to lead by example, as it provides the best advice and practical sustainability expertise to its consulting clients on ESG transformation, net zero, sourcing sustainable and responsible, circularity and fair and inclusive societies. Kearney is actively working across its offices and supply chain partners in more than 40 countries to reduce its environmental footprint wherever it can, for example by adopting greener ways of working to reduce business travel, by reducing energy consumption, by implementing sustainable mobility. practices, and by strengthening its reduction and recycling of waste.

To neutralize the impact of unavoidable residual emissions, Kearney invests in carbon removal technologies and projects with proven environmental, social and economic benefits that meet strict international certification standards. Kearney is committed to continuous improvement and strives to be transparent and accountable in demonstrating its contributions to a sustainable and equitable future.

Alex Liu, Managing Partner and Chairman of Kearney, commented:

“Being the first management consultancy with approved net-zero science goals is an incredible achievement. As consultants, the greatest sustainability impact we can create is helping our clients with the opportunities and challenges of the transition to a low-carbon economy.

“We need to act fast, we need to act now, and we need to base our actions on science if we are to have any chance of achieving our necessary goals. With this milestone, we are delivering on our vision of being a leader in sustainability, all continuing our double-digit annual growth trajectory and demonstrating global leadership for our industry to follow.”

For more information on Kearney’s commitments to positive social and environmental impact, click here.

All direct emission reductions will be prioritized and all residual emissions will be neutralized in accordance with SBTi criteria before achieving net zero emissions.

1. The GHG emission reduction percentages indicated in these bullet points are calculated from a reference year of 2019.

About Kearney
Kearney is a leading global management consulting firm with deep expertise in strategic transformation. We work with more than three-quarters of Fortune Global 500 companies, as well as government agencies and nonprofits. As a global consulting partnership in over 40 countries, our people make us who we are. We are individuals who derive as much joy from those we work with as from the work itself. Determined to make the difference between a great idea and its realization, we help our clients break through. To learn more about Kearney, please visit www.kearney.com.

About the Science Based Targets Initiative
The Science Based Targets Initiative (SBTi) is a global body for companies to set ambitious emission reduction targets in line with the latest climate science. It aims to accelerate companies around the world to halve their emissions by 2030 and achieve net zero emissions by 2050.

The initiative is a collaboration between the CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the commitments of the We Mean Business Coalition. SBTi defines and promotes best practices in science-based goal setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves company goals.

www.sciencebasedtargets.org @sciencetargets

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