Dear EA enthusiasts,
we hope you will enjoy our EA network's quarterly update - this quarter's issue emphasizes effective ways to combate climate change. Enjoy the read!
Remember our common goal: Doing good strategically! This means in the context of climate change for example focusing on the biggest and most neglected levers first and prioritizing measures based on cost per tonne of C02 equivalent saved.
Today for you...
Ideas to digest: Applying effective altruism to climate change - the best approaches to CO2 avoidance are not always the most obvious ones.
EA & community updates: Steady growth at EACN, panel discussions and an impressive track record of Felix Werdermann
Inspiration from fellow network member: Learn how Molly is decarbonizing Deloitte UK
Make a difference now: Learn how to donate effectively when aiming at reducing CO2 emissions and get inspired by how the Founder's Pledge is approaching the net zero challenge
Idea to digest: Effective altruism applied to CO2 reductions
What is it? It's all about taking actions to reduce carbon emissions that are truly effective, based on evidendce. For instance, analysts estimate that donating 1 USD to the Clean Air Task Force (CATF) results in an offset of more than one tonne of CO2 emissions. CATF advocates for policy and technology changes to reduce greenhouse gas emissions from power generation, oil and gas production, transportation and broader industries.
Deep-Dive: The potential impact of your personal donations is much larger than typical lifestyle decisions, as shown by the Founders Pledge:
Climate impact of lifestyle decisions compared to donations (tonnes of CO2 avoided)
How can you apply the concept? Donations to effective climate charities provide an excellent complement to more conventional lifestyle changes such as flying less. Rather than donating to offsetting organizations, choosing effective policy organisations is plausibly offering 100x impact multipliers (see Founders Pledge article for an overview on effective donations, or refer to CATF above). Hence, choosing carefully when donating is essential due to large deviations between the very best and the widely known charity. Further, an obvious and evidently effective way to reduce your emission in daily life, is to reduce food waste and shift to plant-rich diets (see also DrawDown.org for a comprehensive list of effective levers).
EA & Community updates:
Ongoing activities within the EAC-Network
- Harish Vemuri (Bain) is the new EA node at Bain, James Walker (OW) is the new EA node at Oliver Wyman and Gianfranco Cecconi (Capgemini) is the new EA node at Capgemini
- Jakob Graabak (McKinsey), Jona Glade (BCG) and Vaidehi Agarwalla (EA Hub) are currently conducting research on how EAs in consulting can leverage their consulting careers to have more impact. We are looking forward to sharing back the results soon
- Felix Werdermann (d-fine) published an inspiring post on how and where he donated an astonishing amount of >$20k in 2020, which was also featured by 'Giving What We Can'
- Nils Voelker (Accenture) eagerly drove the EA topic at Accenture. He not only presented the concept to ~130 colleagues but is also looking into establishing a corporate donation matching system
- Friederike Grosse-Holz (BCG) worked on an alternative protein study and actively positions the market study with relevant players in the private and public sector
- Alex Igna (WU Vienna) organized a workshop with the student consultancy '180 degrees' to promote the concept of EA and show how EA's approach is in line with consulting methodologies
- Jona Glade (BCG) created a blogpost about his learnings and best practices from scaling the EACN within the EA forum to motivate workplace activism
- Thanks to Felix Werdermann (d-fine) the EACN is now on EA Hub, the global directory for EAs to connect
- Antonio Bräunche (BCG) organizes a christmas charity auction, where employees can auction items and activites (e.g., joint dinner, marathon coachings, …), with the proceeds being donated to one of three effective charities of choice and doubled by BCG
- Andreas Fazekas (McKinsey) published an article on why 2021 is the year to do good and what impact he had during his time as a consultant
- Simon Asbach (BCG) pushed EA within the public sector by prirotizing three key topics for specifc public governments and sending teaser documents to key stakeholders in the public sector. The approach can be recycled for any industry and Simon would be happy to get in touch
- Samuel Hocking (BCG) organizes an event with 'One for the World' at BCG
- Surbhi Bharadwaj (BCG) builds a systematic EA network in all office
- Thanks to the Giving Guide campaign we were able to raise >€150k across BCG offices alone (other consultancies not evaluated yet) - a big thank you to Charlotte Festa (BCG), Jona Glade (BCG) and Lisa Soder (WU Vienna) for the push
Two panels were conducted:
- 'How to do the most good as a consultant' with Giving What We Can (GWWC). It reached over 250 registered consultants and can be accessed here. Among the participants were our EACN members Weige Wu (McKinsey) and Jona Glade (BCG).
- 'EA global reconnect' - a panel on advocating EA at your workplace. Participants, among others, were Jakob Graabak (McKinsey) and Jona Glade (BCG).
Topics of our upcoming virtual coffee chats:
[Sign up here via e-mail]
- June: Advocating EA at the workplace
- August: Best practices of social impact strategies at consulting firms
- October: Effective Donations
Further news from the broader EA community:
Inspiration from a fellow EACN member: Molly Kampmann on her effort to decarbonize Deloitte UK...
What do you do as a consultant to have social impact?
We started a social impact fellowship at Deloitte US to provide skills-based volunteering to non-profits and social enterprises around the world. In my three years with the program, called D2international, I supported Mozaik in Bosnia and Herzegovina to combat youth unemployment through entrepreneurship, Leaders of Tomorrow in Jordan to democratize job and educational opportunities for young people, and Days for Girls in Uganda to provide female menstrual health products, education and job opportunities. In addition, Deloitte supported me to take a 6-month sabbatical to implement clean water projects and support a non-profit, Raleigh International, in Nicaragua.
Today, also being part of Effective Altruism, climate change is the clear area of social impact where I want to make a difference. I’m lucky to focus on climate change full time in my current role at Deloitte UK.
You worked on decarbonizing Deloitte in the UK – what were the results so far?
Deloitte has come a long way on the climate agenda and aims to achieve net zero emissions by 2030 (under the global strategy named WorldClimate). I lead the "Impact Climate Platform" to coordinate our UK Consulting practice activity around Climate Action. We started a community that now has nearly 800 members and brings climate education and tools for action back to everyone’s projects. While it has gained momentum, we’re at the start of the journey and are focusing heavily on business travel, as that was traditionally the biggest contributor to our carbon footprint.
In a nutshell: What would be your advice to have a positive impact in everyday office-life for us?
As restrictions lift from COVID-19, be mindful that your business travel does not rebound to pre-COVID levels, as it is the number one thing that consultants should carefully manage to reduce emissions. If you take other every-day actions, like eating meat-free meals, know that individual actions make little impact when we don’t talk about them. So, share your ideas, make commitments, and ask your leadership to take part so that they know how important it is!
Make a difference now: Donate to the Coalition of Rainforest Nations to offset your annual CO2 emmission
You don’t have time?
Donate to the Coalition of Rainforest Nations in less than 5 mins. Their cost of avoiding one tonne of C02 emissions is estimated to be around $1-$4. Considering that the average American (as a reference) emits about 20 tonnes of CO2 per year the cost to be carbon neutral (at least) would be ~$80. Since you, as a consultant, are likely to travel a bit more, you might consider a slightly higher donation.
You want to do more?
Read the full article on cost-effective charities to combat climate change and share it with your colleagues. If you want to dig deeper, you can learn how the Founder's Pledge is approaching the net zero challenge. Also consider to position climate relevant topics within your firm and among clients.
Let’s maximize our impact together!
Join our Facebook and Linkedin groups.
See the 80,000 hours job board for interesting roles with a focus on global problems, where additional work is likely to have the biggest impact.
Are you currently working on an exciting topic you would like to share through this newsletter, do you have a refreshing event idea or would you like to become a member of the core group? – Contact us via e-mail