Bain & Company Launches World-Class Programme to Upskill All Consultants with ESG Training from Top Universities
Bain & Company is the first in the top-tier management consulting sector to offer an accelerated and specialised post-graduate-level global ESG training programme for all its consultants across the firm.
The upskilling programme, which is currently underway and being launched across all of Bain & Company's global regions, is a major component of the firm's ongoing, intense focus on facilitating sustainable transitions to drive positive impact for all its customers.
It contributes to the firm's goal of incorporating ESG into 100% of client work, reflecting the global imperative for companies across industries to integrate sustainability and ESG into the fabric of their businesses now to accelerate the energy transition, transform food systems, and advance diversity and equity.
All of Bain's consultants and advisors, from entry-level new joiners to senior partners, will receive training from world-class universities and business schools, including Imperial College Business School (London), Massachusetts Institute of Technology (MIT), HEC Paris, Solvay Brussels School of Economics and Management, Delft University of Technology in the Netherlands (TU Delft), and Melbourne Business School's Centre for Sustainability and Businesses in Australia.
The training is part of Bain's ongoing commitment to integrating ESG into everything it does, both for clients and its own internal and external operations. It will enable each consultant to advise on ESG issues within their areas of competence, guarantee that awareness of ESG risks and opportunities is central to every client brief - and deliver on Bain's own ambitious sustainable development goals.
Each consultant will receive forty hours of post-graduate-level training modules, which will be offered mostly in live sessions with some hybrid elements, with the partner business schools developing regionally specialised curricula. Climate change, energy transition, sustainable development, business transformation, circularity and value chains, sustainable and equitable food systems, social justice, and diversity, equity, and inclusion (DEI) are among the modules covered.
This enhanced curriculum for DEI builds on the intensive training already provided to thousands of Bain consultants this year. Furthermore, the firm is now working on the next phase of the ESG upskilling programme to provide ongoing, relevant training across teams and locations, including future new hires.
François Faelli, global managing partner for ESG at Bain & Company, said:
“Reaching net zero on a global scale requires a tremendous investment in ESG skills. The next generation of business leaders must intuitively understand how to balance financial and non-financial objectives. I am proud to say that we will very shortly have succeeded in delivering this training for thousands of our advisors, who will help steer our clients towards a more sustainable future.
"A foundational knowledge of climate science and social value is vital to understanding almost any modern business challenge. As purpose becomes more important as a driver of strategy, bridging the gap between academic institutions and business through initiatives like this is crucial. With the implementation of this programme across all areas of our business, consultants will be empowered to work alongside clients to co-create the future and generate lasting impact.”
David Brown, Director of Executive Education at Imperial College Business School, added:
"Imperial College London is at the forefront of research and innovation for tackling the climate emergency, building new energy solutions, circular economies, and driving sustainable and inclusive development.
"Understanding and addressing these challenges is a core part of our mission. We are delighted with this executive education partnership, which will allow both Bain and Imperial to further their knowledge and understanding of these critical topics”.
David Schmittlein, John C Head III Dean, Massachusetts Institute of Technology Sloan School of Management, commented:
“MIT Sloan is engaging faculty from across MIT in this unique collaboration to develop Bain and Company’s ESG capabilities broadly. Leveraging MIT’s breadth of relevant expertise and track record of partnering on innovative learning programmes with the world’s greatest companies, we will help current and future leaders across Bain strengthen their ability to work with their clients to implement strategies that maximize ESG performance systematically and sustainably.”
Source: Bain & Company