Boston Consulting Group (BCG) announced today the acquisition of environmental sustainability consultancy Quantis, in a move aimed at strengthening the firm’s climate and sustainability expertise and transformation capabilities.
Founded in 2006, Quantis advises businesses on driving “sustainable transformation,” helping global companies to understand their climate, biodiversity, water, land, and plastics footprints, and developing strategies to operate within planetary boundaries. Key sectors served by the firm include Food & Beverage, Cosmetics & Personal Care and Fashion & Sporting Goods.
Quantis CEO Dimitri Caudrelier said:
“Combining BCG’s extensive industry knowledge and transformation capability with Quantis’ deep scientific expertise and solid sustainability reputation will create an unstoppable force to drive the shift from business as usual to business at its best. The stakes for our planet have never been higher. This deal will enable us to take a critical leap towards achieving our vision for a new planetary economy.”
The deal brings 250 environmental experts and transformation specialists to BCG, primarily based in Europe and the US, and comes as consulting firms worldwide are moving to add sustainability expertise and capabilities to meet growing demand from clients. M&A activity this month includes deals by Accenture to acquire carbon and climate change strategy consultancy Carbon Intelligence, and by EY to buy Canadian sustainability consulting firm AFARA.
BCG has also been active in boosting its sustainability-focused capabilities, launching last year, the BCG Center for Climate & Sustainability, bringing together hundreds of the firm’s experts covering the full range of sustainability topics, including biodiversity, circular economy, decarbonization, sustainable agriculture, transition financing, water management, and other ESG topics.
BCG CEO Christoph Schweizer said that the firm plans “to recruit thousands more climate and sustainability experts over the coming years and continuing to expand our network of partners.”
“Bringing together Quantis and BCG is an exciting step in strengthening our ability to help clients protect our planet and transform sustainably. Many of the CEOs I speak to want to take action but are looking for the kind of deep expertise our Quantis team offers to solve their complex problems. I am proud to welcome this accomplished and passionate team to BCG.”