Press Releases

BCG Recognized as a Leader in Innovation Consulting Services by Independent Research Firm

BOSTON—Boston Consulting Group (BCG) was named a Leader in Innovation Consulting Services in a new report by Forrester Research, an independent research firm. The report, titled The Forrester Wave™: Innovation Consulting Services, Q2 2024 - The 10 Providers That Matter Most And How They Stack Up, recognized BCG for its “multidisciplinary innovation practice with deep data and accelerator assets.”

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Prudence, Profits, and Growth: A New Formula for Winning in Fintech

Global Fintech Revenues Grew Robustly in 2023; Valuations and Funding Remain Depressed but Have Stabilized RecentlyThemes Shaping the Industry Include Embedded Finance, Connected Commerce, Open Banking, and Generative AI’s Impact on ProductivityBOSTON—While the fintech industry has navigated choppy waters in recent years, there is vast potential for future growth. As the sector matures, the rules of the game are changing, with a greater focus on unit economics and profitability over growth at all costs. From 2021 to 2023, global fintech revenues grew by 14% (at a compounded annual growth rate) while both funding and valuations plummeted. Key fintech players have achieved profitability and are scaling rapidly.

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Corporates’ Supply Chain Scope 3 Emissions Are 26 Times Higher Than Their Operational Emissions

Despite the Disproportionate Scale, Supply Chain Scope 3 Emissions Continue to Be Overlooked, with Only 15% of Corporates Having Set a Supply Chain Emissions TargetThree Significant Drivers of Action in Supply Chain Emissions Are a Climate-Responsible Board, Supplier Engagement, and Internal Carbon PricingIn 2023, Disclosed Upstream Emissions from the Manufacturing, Retail, and Materials Sectors Alone Suggest a Carbon Liability1 of over $335 BillionScope 3 Emission Blind Spots Drive Significant Unreported Risks for Both Investors and CorporatesOnus of Action and Accountability Falls on Corporates (Both Management and the Board of Directors) and InvestorsLONDON & BOSTON—In 2023, corporates reported that their Scope 3 supply chain emissions were, on average, 26 times greater than their emissions from direct operations (Scopes 1 and 2).2 According to the new Scope 3 Upstream: Big Challenges, Simple Remedies report, published today by Boston Consulting Group (BCG) and CDP, upstream emissions from the manufacturing, retail and, materials sectors had a footprint 1.4 times the total CO2 emitted in the EU in 2022.

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Multi-Gigaton Scale Carbon Dioxide Removal Is Needed to Achieve Net Zero, but Is Unlikely to Materialize Without Policy Drivers

Between Six and Ten Gigatons per Annum of Residual CO2 Emissions Are Likely to Remain Unabated Globally in 2050It Is Unlikely That Voluntary Demand Alone Will Meet Global Needs and Supporting Policies Will Be RequiredThe Integration of Durable Carbon Dioxide Removal into Existing and Proposed Policies Could Drive Up to 2.5 Gigatons in Demand by 2050BOSTON—The role of high quality, durable carbon dioxide removal (CDR), which can remove and sequester emissions for 100 to 1,000+ years, is critical to limiting temperature rise as shown in all scenarios from the Intergovernmental Panel on Climate Change (IPCC). An estimated six to ten gigatons (Gt) per annum of residual CO2 emissions is likely to remain unabated globally in 2050. CDR purchases have grown substantially, from 600 kilotons (kt) in 2022 to 4.5 megatons (Mt) purchased in 2023, and are expected to reach between 60 and 750 megatons per annum by 2040. However, this falls far short of the scale needed to reach net zero. These are among the findings of a new report being released today by Boston Consulting Group (BCG) titled Scaling CDR: Demand Drivers for Durable CDR.

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Top Performers in the Energy Sector Are Achieving Twice the Revenue Growth of Their Peers

A Study of Total Shareholder Returns in the Energy Sector from 2019 to 2023 Reveals Significant Performance DifferencesAverage Annual Returns Range from 6% to 48% Across Energy SubsectorsWithin Subsectors, the Gap Between Top- and Bottom-Performing Companies Averages 30%BOSTON—Over the last five years, energy top performers consistently created more value than their direct peers in the same macroeconomic context. Average annual total shareholder returns (TSR) between 2019 and 2023 ranged from 6% to 48% across subsectors, with an average of 12% for the overall sector. Within subsectors, there was an average 30% gap between the top- and bottom-performing companies. These are among the findings of a new report published today by Boston Consulting Group (BCG) titled Six Lessons from Energy's Top Performers: Energy Value Creators 2024. The publication is based on a study of 150 of the largest energy companies, worth $5.1 trillion in market capitalization.