Bain & Company to rapidly upskill all consultants with ESG training from top universities
- The largest move of its kind within the consulting sector will see Bain & Company train all consultants internationally in ESG within months
- 12 world-class universities, including Massachusetts Institute of Technology (MIT), Imperial College London, HEC Paris, and Melbourne Business School will provide training to consultants in all of Bain & Company’s 65 offices in 40 countries
- The Further Academy will give all Bain consultants access to 40 hours of training as the firm puts climate science, sustainability and the wider ESG agenda at the heart of its consulting offer
In the largest move of its kind within the top tier management consulting sector, Bain & Company is offering an accelerated and specialised, post-graduate-level global ESG training programme to upskill all its consultants across the firm worldwide.
The upskilling initiative, already underway and being rapidly rolled out in all the firm’s global regions, is a key element of Bain & Company’s continuing, intense focus on supporting sustainable transitions to drive positive impact for all its clients. It supports the firm’s aim to integrate ESG into 100% of client work, reflecting the global imperative for companies across sectors to build sustainability and ESG into the fabric of their businesses now, to accelerate the energy transition, transform food systems, and advance diversity and equity.
The Further Academy programme will see all of Bain’s consultants and advisors, from entry-level new joiners to senior partners, receive the 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, and Delft University of Technology in the Netherlands (TU Delft) and Melbourne Business School’s Centre for Sustainability and Business, Melbourne, Australia.
The upskilling is part of Bain’s continuing commitment to embed ESG into everything it does, both within its client work and in its own internal and external operations. It will equip each consultant to advise on ESG issues within their areas of expertise, ensure that an understanding of ESG risks and opportunities is at the heart of every client brief – and deliver on Bain’s own, ambitious sustainable development goals.
See related article: Bain Appoints François Faelli as Global Managing Partner of ESG
Forty hours post-graduate-level training modules will be provided to each consultant, delivered primarily in live sessions with some hybrid elements, with the partner business schools developing regionally tailored curricula. Modules include climate change, the energy transition, sustainable development, business transformation, circularity and value chains, sustainable and equitable food systems, social justice, and diversity, equity and inclusion (DEI).
For DEI, this expanded program builds on extensive training already delivered to thousands of Bain consultants this year. In addition, the firm is already actively developing the next phase of the ESG upskilling drive to ensure continuing, relevant training across teams and regions, including for new joiners in the future.
Discussing the program, Francois 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.
François continued: “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 program 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 programs 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