Our commitment to environmental sustainability
Charting our firm’s path to net zero
In addition to advancing sustainability with our clients and through our insights, we are making measurable progress toward our science-based target to reach net zero by 2050, guided by three strategic priorities.
Our approach to environmental sustainability
Cutting our emissions
We have set greenhouse gas (GHG) emissions reduction targets relative to our 2019 baseline, validated by the Science Based Targets initiative (SBTi):
- 2025 near-term targets: reduce Scope 1 and 2 emissions by 25 percent and Scope 3 business travel emissions per full time equivalent (FTE) by 35 percent – we achieved these targets.
- 2030 near-term targets: reduce Scope 1 and 2 emissions by 64.5 percent and Scope 3 business travel emissions per FTE by 55 percent.
- 2050 net zero targets: reduce Scope 1 and 2 emissions by 90 percent and Scope 3 business travel emissions per FTE by 97 percent.
Scope 1 & 2 emissions
Our Scope 1 and 2 emissions accounted for two percent of our 2019 footprint. They come from sources such as company cars, office heating and cooling, and electricity use. We reduced Scope 1 and 2 emissions by 70 percent in 2025, outperforming our target by:
Scope 3 emissions
Our Scope 3 emissions accounted for 98 percent of our 2019 footprint and primarily come from business travel. We achieved a 50 percent reduction in Scope 3 business travel emissions per FTE, exceeding our 2025 target via:
Compensating for remaining emissions
In addition to reducing our emissions, we are committed to supporting carbon avoidance and removal projects through the purchase of carbon credits. We purchase carbon credits equal to the amount of remaining GHG emissions as accounted for in our annual emissions inventory. We take a portfolio approach, balancing nature and technology-based projects, in-year purchases with longer term offtakes, as well as established and innovative approaches. We are transitioning to 100 percent removals by 2030.
Catalyzing climate action now
We partner with clients, nonprofits, suppliers, and other companies to protect nature, advance new technologies, and ensure critical climate financing. In 2025, our advance market commitments (AMCs) and buyer collaborations catalyzed market growth for next-generation products. For example:
