Boston Consulting Group signs MoU with Egypt to be exclusive consulting partner for COP27

Ahram Online , Friday 26 Aug 2022

Egypt, the president of the UN Conference on Climate Change (COP27), and Boston Consulting Group (BCG) signed a memorandum of understanding (MoU) on Thursday naming the American global management consulting firm the exclusive partner for the conference, the Egyptian foreign ministry announced.



“As exclusive consulting partner, BCG will support the COP27 presidency of Egypt by providing analytical capabilities and industry insights from its extensive experience in helping companies, governments and multilateral organisations accelerate their climate and sustainability journey,” the foreign ministry said in its statement.

From his side, Sameh Shoukry – president designate of COP27 and Egypt’s foreign minister – said the country was looking forward to the support of BCG, who was the exclusive partner to the UK for COP26 last year in Glasgow, in preparing for this year's conference in Sharm El-Sheikh from 6 to 18 November.

Shoukry noted that BCG has demonstrated longstanding commitment and deep expertise in advancing the climate agenda, adding that BCG will play an integral role in mobilising international climate action.

According to BCG’s statement on the MoU, the American firm has longstanding support for the global climate agenda through partnerships with the World Economic Forum, UN high level climate change champions, successive COP presidencies, Science Based Targets Initiative (SBTi), CDP (Carbon Disclosure Project), Breakthrough Energy Catalyst and First Movers Coalition.

"COP27 is another critical moment to mobilise public and private actors in the urgent pursuit to limit global warming. We are honoured to play a role in support of COP27, hosted in Egypt," said Christoph Schweizer, CEO of BCG.

Schweizer added that even though there had been progress on a broad agenda at COP26, there is a need to go further and faster despite the global economic downturn and geopolitical challenges

On Wednesday, Egypt and Vodafone signed an MoU under which the UK-based multinational telecommunications company was named the principle partner for communications at COP27.

Egypt has called on the international community to step up efforts to implement the Paris Agreement on climate change and turn the international climate pledges into actions on the ground.

Egypt plans to coordinate with all African countries to set a clear map for climate action on the global and regional levels, as well as push efforts to enhance access to financial resources for African countries through COP27.

Egypt also plans to focus on the green recovery agenda and supporting Africa’s efforts to contain the impacts of the ongoing crises.

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