Braskem is Latin America’s biggest petrochemical company. It is headquartered in São Paulo, Brazil, with more than 40 industrial units spread around the world, and produces polypropylene, polyethylene and poly vinyl chloride (PVC), commodity products at the base of the plastics industry. Braskem’s business model today relies on fossil fuels, namely—naphtha (crude oil) and ethane (natural gas)—which makes reducing carbon emissions especially challenging.
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Accenture (NYSE: ACN) has acquired Carbon Intelligence, a leading carbon and climate change strategy consultancy, adding more than 160 professionals to its rapidly growing group of data scientists, consultants and sustainability experts. Carbon Intelligence is focused on helping global businesses understand their overall carbon footprints, and ways to reduce them, using Science Based Targets Initiative (SBTi) strategies that lead to transformational rethinking of clients’ business models and value chains.
Three years after departing KPMG for another large consultancy, Charbel Moussa has re-joined the Big Four firm in the Netherlands as a partner in its Climate Risk & Decarbonisation practice.
Deloitte has announced an investment of $1 billion into its global sustainability and climate practice.
Big Four accountancy firm EY has set out plans to launch a new, climate-focused consultancy business which will see the firm hire 1,300 new UK employees.
Many company leaders underestimate the pace and extent of the change ahead and, as such, climate change early-movers can attract more talent, play in higher-growth segments and save cash and carbon, as well as reduce risk exposure, access cheaper financing and achieve higher shareholder value, states the 'Winning the Race to Net Zero: The CEO Guide to Climate Advantage' report published by global body the World Economic Forum (WEF) and business strategy consultancy the Boston Consulting Group (BCG).
Boston Consulting Group has agreed a partnership with Climeworks in its push to become a net zero business by 2030. The deal will also see the strategic consulting giant help Climeworks develop its business, which focuses on capturing carbon dioxide from the Earth’s atmosphere.