Industry Challenges
Sustainability is, arguably, the greatest challenge facing our and future generations.. The question of how to meet the needs of the today without compromising the ability of future generations to meet their needs has important environmental, economic, and social repercussions.
Tackling this challenge requires commitment from the private and corporate sector, from governments and the public sector, from Non-Governmental Organizations (NGOs) and nonprofits, and, ultimately, all individuals. The issue of sustainability has gained increasing importance in Russia and CIS and all players must address key issues.
Private companies must:
Reduce both costs and environmental footprint
Take advantage of developments in renewable energy
Meet the needs of green consumers
Build competitive advantage and create substantial value for an enlarged stakeholder network
Explore the organizational capabilities required to succeed in this age of business sustainability
Policymakers must:
Ensure a secure supply of vital resources while mitigating environmental pollution, protecting against climate change, and ensuring habitat conservation
Push for greater energy efficiency
Balance stakeholder pressure from citizens, other governments and policymakers, and industry
Work effectively with the private sector and NGOs to tackle sustainability issues
Nonprofit organizations must:
Mobilize communities, businesses, and governments to adopt desired behaviors
Prioritize initiatives
Strive to make the most positive possible impact on the environment by most the effective means
Promote and act as catalysts for collaboration among different stakeholders
BCG competencies
Sustainability is a priority for The Boston Consulting Group and its clients. We have created a global sustainability network across multiple practices, hosted by the Energy and Environment practice and supported by experts from our Industrial Goods, Public Sector, and Social Impact practices as well as other industry and functional practices.
In an effort to make good business sense of sustainability, BCG—in collaboration with MIT Sloan Management Review—recently launched the Sustainability Initiative.
In our client work, we have built a significant base of experience in sustainability, particularly in the areas of:
Deep dives into various alternative-energy-supply schemes for incumbent players in the energy sector
Call-for-action plans in response to various scenarios, and their implications for industry players, manufacturers, technology companies, and investors
Work with industry associations
Deep understanding of policy landscape
Our comprehensive models help clients develop strategies and best practices to create competitive advantage and make business sense of sustainability. They also help public-sector clients set environmental policies and strategies to meet the needs of myriad stakeholders while driving major change.