December 12, 2024
- The second largest durable carbon removal purchase to date for BCG, with delivery to be completed by 2026
- Secures BCG’s position in the top ten global buyers of durable certified carbon dioxide removals, with nearly 200,000 tonnes to date
Boston—Boston Consulting Group (BCG) today announced the purchase of 50,250 tonnes of certified carbon dioxide removals (CDRs) through ClimeFi, a leading portfolio manager for permanent CDR assets. This purchase supports BCG’s commitment to neutralize 100% of its emissions through high-quality carbon removal credits by 2030 and underscores the firm’s support for innovative solutions to address climate change.
This transaction, the second largest to date for BCG, brings the firm’s total durable CDR purchases to nearly 200,000 tonnes. This secures BCG’s position among the top ten global buyers of durable CDR, as reported by CDR.fyi, the reporting platform for the durable carbon removal market. With a targeted delivery within the next two years, this deal demonstrates BCG’s commitment to take action to mitigate climate change in the near term.
By collaborating with ClimeFi, BCG has accessed a portfolio of high-quality durable carbon removal solutions and ongoing tracking of project performance over time. The portfolio’s diverse range of methodologies reflects BCG’s dedication to supporting an array of technological innovations in the carbon removal space.
In addition to increasing the share of biochar in its portfolio through new projects by Exomad Green and Euthenia Energy, BCG continues to diversify into new CDR technologies. The portfolio includes Lithos Carbon, which is deploying enhanced rock weathering to permanently sequester CO2, while fostering crop yields; Andes, which employs microbial carbon mineralization on agricultural fields to remove CO2 from the atmosphere; O.C.O: Technologies, which focuses on concrete mineralization to lock CO2 into building materials; and Graphyte, which specializes in subsurface biomass storage. Through this diverse set of technologies, BCG is helping to scale solutions across multiple approaches to carbon removal. This helps ensure a balanced and robust portfolio of technologies that complement one another and provide a diversification of project risks.
“BCG is committed to helping innovators in this space, and we are glad to be able to partner with ClimeFi,” said David Webb, BCG’s Chief Sustainability Officer. “By continuing to expand the CDR technologies we support, we are not only securing high-quality durable removals to neutralize our emissions, but helping to unlock the potential of these technologies to contribute to global climate targets.”
Paolo Piffaretti, CEO of ClimeFi, added, “We are delighted to be collaborating with BCG and helping them to expand their carbon removal portfolio via this new series of transactions. BCG continues to demonstrate leadership in driving the CDR market forward and their desire to explore diverse CDR solutions is critical to ensuring the sustainable growth of the market. We greatly appreciate the trust they have given us to build this portfolio and execute transactions with a range of companies on their behalf.”
For more information about BCG’s sustainability initiatives and its commitment to climate action, visit www.bcg.com.
About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.
About ClimeFi
ClimeFi is a leading global portfolio manager specializing in permanent carbon removal (CDR) assets. The company provides comprehensive intelligence and asset management tools for contracting, purchasing, and managing CDR purchases across various technologies, helping organizations scale their carbon removal efforts to meet climate goals. ClimeFi has prioritized providing catalytic action to generate demand-side growth, having recently launched the Global 1000 CDR Challenge in conjunction with XPRIZE to mobilize 1M tonnes in new CDR demand during 2025 from the world’s 1000 largest companies.
Media Contact:
Boston Consulting Group:
Anca Webber
[email protected]
ClimeFi:
Marco Zande
[email protected]