Introduction
Our client is a global consumer goods company. The company’s products include a wide variety of personal care products (e.g., hair care, skin care, cosmetics). The client’s CEO feels strongly that her company needs to develop a plan to reduce its environmental impact and do its part in the fight against climate change, and has engaged BCG to help her create a business case for setting a science-based target to reduce the company’s impact and determine what initiatives to undertake to achieve that target.
Context
Science-based targets provide a clearly-defined pathway for companies to reduce greenhouse gas emissions, helping prevent the worst impacts of climate change and future-proof business growth.
Targets are considered science based if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.
- Essential Cookies are necessary for the site to function and are always active. These cookies also remember the choices you make and provide a secure and enhanced experience.
- Performance Cookies are used to provide a better user experience on the site, such as by measuring interactions with particular content so we can continue to offer you more relevant articles.
- Advertising or Targeting Cookies on our site don’t store any of your direct personal information but identify a unique browser or device, and are used to potentially surface relevant material from other sites, and are primarily used by select social media and other partners.