Boston Consulting Group (BCG) and the American Bureau of Shipping (ABS) have signed a memorandum of understanding to provide joint services in decarbonization consulting to clients in the marine and offshore value chain.
The new joint offering will support shipping asset owners in making technical and operational improvements to reach net-zero goals, advise on carbon capture technology, and advise on the uptake of alternative and low-carbon fuels, among other areas.
BCG and ABS will also provide consulting to clients looking to feed into the low-carbon shipping industry, including renewable energy producers, low-carbon fleet developers, and subsea storage.
BCG is one of the world’s largest strategy consulting firms, bringing extensive expertise in strategic perspective, change management, and transition design for the marine industry. ABS is a leading marine classification society, establishing and maintaining technical standards for the construction and operation of ships and offshore structures. The Houston-based not-for-profit organization has approximately 5,500 employees.
“Meeting the 2050 net-zero targets will require a sustainability-driven transformation in every organization's operating model,” said Christopher Wiernicki, ABS chairman, president, and CEO. “Together ABS and BCG are uniquely qualified to support organizations in the marine and offshore sectors to make the transition.”
Wiernicki said the duo will also look to support public-private partnerships and governments implementing national clean energy plans in shipping.
“High uncertainty around regulation, technology, and new markets requires every player across the maritime value chain to work together,” said Peter Jameson, global lead for climate and sustainability in BCG’s infrastructure, transport, and cities practice. “Taking a bold leadership position, even with uncertainty, will create an advantage for first movers and sustainable business for followers.”
Sourced from Consulting.us