DUBAI, Broadcasting News Corporation : Boston Consulting Group (BCG), the global management consulting firm, has launched its Global Climate & Sustainability Hub in the Gulf Cooperation Council (GCC) region.
The announcement was made at the BCG Middle East Climate & Sustainability Impact Summit in the presence of a select group of leaders, key decision-makers, and industry experts. The event was inaugurated by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Christiana Figueres, Executive Secretary of the United Nations Framework (UNFCCC), which saw insights shared on the action needed for governments and businesses to tackle climate change in the region and broader sustainability challenges. The new BCG Climate & Sustainability Hub will aggregate, build and localise expertise at a cross-industry level in sectors such as energy, industrial goods, retail and consumer, financial services, and digital innovation, to contribute to accelerated decarbonisation and greater circularity that support business and government ambitions.
“As the host of COP28 next year, the UAE has an opportunity to not only drive climate action at home but also to set an example and inspire the world. To achieve our goals, we are developing a detailed net zero by 2050 strategy, which includes a long-term roadmap and near-term actions. This is a complex endeavour, so we have convened a broad set of stakeholders, covering all emirates and sectors. We have also partnered with BCG to develop a comprehensive, robust, and ambitious plan for the country,” Almheiri said. “With abundant renewable resources, deep technological know-how, and a drive to innovate, the region has the opportunity to take bold and targeted actions to address the global climate crisis and improve Middle East sustainability. Our experts work across decarbonisation, mitigation, adaptation, and innovation, helping clients reduce their carbon footprint and at the same time leverage new, green growth opportunities,” said Shelly Trench, Global Climate and Sustainability Strategy Lead, Managing Director and Partner, BCG. The BCG Climate & Sustainability Hub will focus on three core areas which are Country-level Net Zero, Corporate-Level Mitigation, and Green Ventures and Innovation. Simon Birkebaek, Middle East Climate and Sustainability Topic Lead, Partner, BCG added, “Governments and companies in the region have opportunities to build new export industries in hydrogen, green fuels for aviation and shipping, green steel or aluminium, among others. This not only helps to reduce the carbon footprint but also creates new jobs and opportunities for residents in the region.” NEWS COLLECTED FROM EMIRATES NEWS AGENCY – WAM.