- 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
In the largest move of its kind within the top-tier management consulting sector, Bain & Company is offering an accelerated, 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 their businesses’ fabric 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 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 a full list of institutions.
The upskilling is part of Bain’s continuing commitment to embed ESG into everything it does within its client work and 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 of 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, 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 successfully delivered this training for thousands of our advisors who will help steer our clients towards a more sustainable future.
“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.”
François Faelli, global managing partner for ESG at Bain & Company
“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 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
Bain’s strong sustainability commitment and record
Bain & Company, which has been carbon neutral since 2011, announced its commitment to science-based target emissions reductions and the pledge to be net carbon negative every year in April. 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 in its second year, and ongoing curation of the latest insights shared through Bain’s award-winning knowledge management platform.
Source: Bain & Company