This statement, which applies to McKinsey & Company globally, sets out McKinsey's environmental-footprint strategy and how we seek to deliver against it.
We recognize our responsibility to help protect the planet. We are committed to minimizing the impact our firm has on the environment and supporting those who are working to improve global environmental sustainability.
McKinsey supports the UN Sustainable Development Goals and the Paris Climate Agreement. We are also participants in the UN Global Compact.
Core elements of our strategy
Our environmental-footprint strategy seeks to address greenhouse-gas (GHG) emissions and waste across our entire operation as we strive to continually strengthen our environmental practices. We will comply with all applicable environmental laws and regulations.
We recognize that GHG emissions represent a significant part of our firm's environmental footprint, from the electricity we use in our offices to the travel our people undertake. Since 2018, we have been carbon neutral. Our approach to carbon neutrality includes reducing our emissions and investing in verified carbon-reduction projects to offset the emissions we have not yet been able to eliminate.
- We measure GHG emissions across all (100%) of our global operations annually, have them verified under the ISO14064 standard, and share them as part of our external reporting, including in our annual ESG report.
- We are committed to reach net-zero climate impact by 2030. We have set science-based targets to reduce our GHG emissions in line with a 1.5°C pathway and will neutralize the impact of our remaining footprint by removing an equivalent volume of carbon dioxide from the atmosphere.
- We have set science-based emission-reduction targets for direct emissions and indirect emissions from purchased energy (Scope 1 & 2 emissions) as well as other indirect emissions (Scope 3 emissions). The targets consist of reducing our absolute Scope 1 and 2 GHG emissions 25 percent by 2025 from a 2019 base year and reducing our Scope 3 GHG emissions from business travel 30 percent per employee over the same timeframe.
- To help achieve these GHG emission-reduction targets, and as a member of the RE100 coalition, we have set a target of purchasing 100 percent renewable electricity by 2025.
- We aim to lower emissions from our company cars by increasing the share of electric cars in our fleet and by offering alternative mobility benefits in lieu of company cars.
- We target high-environmental standards for new offices and major renovations, such as LEED Gold, Platinum, or equivalent.
- We aim to lower indirect emissions (Scope 3) by finding alternatives to travel where we can, and by encouraging colleagues to choose travel options that are better for the environment.
- We invest in carbon-reduction projects to offset the emissions we have not yet been able to eliminate. These projects are independently verified to international standards, such as Gold Standard and VCS.
We are committed to reducing waste across our global operational sites.
- We aim to reduce waste generation at the source and seek to minimize the waste we send to landfill.
- We promote reuse and recycling, as well as the use of supplies that are recycled and recyclable and whose production and use minimize the consumption of natural resources. Specifically, we aim to reduce our consumption of single-use plastics, use environmentally friendly paper, and recycle where possible, including plastics and large electronic equipment.
- We encourage our offices to drive initiatives to reduce waste, including sorting and recycling materials, donating used technology equipment, putting drinking water taps in place, reducing food waste, and running recycling campaigns.
Working with external stakeholders
We are committed to working with our suppliers, clients, and other stakeholders to reduce their environmental footprint.
- As part of our sustainable procurement strategy, we have adopted a Supplier Code of Conduct, which sets forth our expectations of our suppliers, including reducing environmental impact. All (100%) of our suppliers are expected to adhere to our Supplier Code of Conduct.
- In addition, we engage with suppliers to improve the environmental impact of the products and services we purchase.
- Beyond reducing our own footprint, we conduct research to advance the global debate on a wide range of sustainability and resource productivity topics. Our research provides an evidence base and set of analytical tools to enable sound decision making about sustainable development.
- We seek to put our research into action through pro bono support of environmental not-for-profit organizations.
- Our Sustainability Practice serves clients globally on a wide range of topics, including the ways in which they can improve their environmental performance and how they can develop more sustainable methods of operation.
The Shareholders’ Council—our firm’s board—with the support of its subcommittees, oversees our overall environmental-footprint strategy. The Director of Environmental Sustainability is responsible for shaping, maintaining, and ensuring the implementation of our environmental-footprint strategy. The Global Social Responsibility team, supported by a council of firm leaders, helps offices and functions in establishing initiatives, infrastructure, and processes that reinforce the environmental strategy.