Senior Partner, Bain & Co.
Torsten Lichtenau recently supported a large aerospace and defense company in responding to requirements from European defense customers to set a net zero target. In doing so, Bain worked closely with the executive in charge and the wider organization to help it commit with confidence to a science-based target and explicitly link its decarbonization strategy to value creation.
“Sustainability and decarbonization are increasingly critical priorities for our Aerospace & Defense and Government Services clients,” said Jim Harris, global head of Bain’s Aerospace & Defense practice. “Torsten is leading Bain’s efforts to bring together the best from our industry experience and our deep sustainability expertise to demystify the topic for executives and help them develop pragmatic, tangible actions to move forward.”
Bain’s top priority for clients last year was to establish sustainability and decarbonization goals and begin implementing them. This year, Lichtenau’s team aims to assist clients in speeding up their decarbonization efforts and realizing the value of this process. This includes reducing the cost of decarbonization, setting themselves apart from competitors and gaining recognition from shareholders for their sustainability progress.
This also includes helping U.S. aerospace and defense and government services clients address the upcoming Federal Supplier Climate Risk and Resilience Rule in a strategic way.
“We have reached [a]n inflection point on decarbonization, and the U.S. is clearly taking the lead globally as underlined by the IRA,” Lichtenau said. “It will take visionary pragmatism to succeed on this journey: this means integrating decarbonization into the company strategy and linking it explicitly to value creation for the business.”