CNN

BCG to Achieve Net-Zero Climate Impact by 2030

To celebrate BCG’s pledge to achieve net-zero climate impact by 2030, CEO Rich Lesser talks to CNN and the Financial Times about the actions BCG will take to reduce its climate footprint and neutralize its remaining climate impact. He explains that, as outlined in “BCG’s Net Zero Pledge,” the firm also intends to drive climate action by partnering with clients to help shape the global climate agenda. He describes BCG’s goals as reaffirming support for the crisis the world is facing.

Forbes

Culture Change Needed for LGBTQ Employees to “Feel at Home” at Work

In his column for Forbes, BCG’s Grant Freeland discusses how businesses can create a truly inclusive workplace. He states that companies must ensure that their policies and practices are inclusive, while also fostering a company culture where the informal interactions among employees are welcoming. Grant explains that an inclusive workplace stems from accepting coworkers as they are and “judging them on the basis of what they contribute to the greater good, not whether you approve or disapprove of the identity they embrace.”

9 News Sydney

Addressing Australia's Plastic Pollution Problem

Over 8 million tonnes of plastic ends up in the ocean each year, according to a recent report by BCG and the World Wildlife Fund. BCG’s Wendy Mackay joins 9 News Sydney to discuss how Australia can address its reliance on single-use plastics. She states that if the country doesn’t act fast, it will have more plastic than fish in the sea by 2050.

HBR.org

Taking Stock of the COVID-19 Recession

In their guest column for Harvard Business Review, BCG’s Philipp Carlsson-Szlezak, Paul Swartz, and Martin Reeves discuss the underlying dynamics of a pandemic-induced recession. The authors assert that a health emergency requiring restrictive public-health interventions creates a severe economic disruption, which must be bridged by economic policy. They believe that successful public-health interventions can reduce the cost, risk, and complexity of the needed economic policy response. They advise business leaders to pause and take stock, build resilience, and capture advantage in order to combat the recession

Fortune

If the US Had Handled COVID-19 Like Europe Did, 60,000 Americans Would Still Be Alive

In his guest column for Fortune, BCG’s CEO, Rich Lesser, outlines the crucial steps the US needs to take to overcome the pandemic. He explains that people of color, those over 65, and people with specific preconditions are more vulnerable to COVID-19. He references a BCG analysis which suggests that the US’s high pandemic-related death count comes from a combination of heightened exposure risk and a lack of sufficient testing. He urges business and political leaders to work together and learn from their past mistakes to defeat the virus.

China Daily

Accelerating a Green Recovery

In her guest column for China Daily, BCG’s Carol Liao explains how China’s next five-year plan provides an opportunity for the country to ramp up its climate actions. She outlines how governments, businesses, and investors around the world can leverage the pandemic to advance the development of a green economy for the new reality. She believes that the government must prioritize stimulus strategies and focus on creating more green job opportunities, while businesses must emphasize climate in their investment allocation and management activities from the enterprise level.

The Edge Singapore

Finding Advantage in Adversity During COVID-19

In his guest column for The Edge Singapore, BCG’s Jaime Ruiz-Cabrero explains how companies can use times of crisis and adversity as opportunities to transform for the new reality. He outlines the steps companies can take in the short term to overcome a crisis, including cash preservation, continual scenario planning, and rapid cost-takeout. Over the long term, he advises companies to transform to unlock new opportunities through zero-based budgeting, acquisitions, and digitalization.

Forbes

CEOs Need to Say It and Say It Again, With Clarity, honesty, and Feeling

In his column for Forbes, BCG’s Grant Freeland discusses the most important quality that CEOs should have in this moment: empathy. He states that successful leaders need the ability to personally connect with others—especially in times of crisis and uncertainty. Freeland believes the way to do this is to “show them you have heart.”

Financial Times

What the Rich Are Still Spending

The pandemic has forced even the wealthy to change their spending patterns, BCG’s Sarah Willersdorf explains to the Financial Times. According to the seventh edition of BCG’s “True-Luxury Global Consumer Insights” report, 57% of high-end shoppers have refrained from making purchases and investments they had planned before the pandemic. Willersdorf says, “ultra-high-net-worth individuals are still happy to spend, while the slightly less rich will trade down.”

Forbes

Learning & Development: COVID-19 Pushes It from the Back Room into the Spotlight

In his column for Forbes, BCG’s Grant Freeland discusses the limitations of remote learning and the importance of learning and development (L&D) during the COVID-19 pandemic. He writes that, given the speed at which technology and society are changing, the need for continuous learning, reskilling, and upskilling has never been greater. Freeland says broader L&D programs create a pool of agile employees, develop problem-solving managers, and inspire leadership in executives.

Australian Financial Review

The Need for Digital Transformation During the Pandemic

BCG’s Stefan Mohr tells the Australian Financial Review that the pandemic is giving greater urgency to digital transformation. Citing research from BCG, Mohr explains that digital leaders outperform their peers in key areas including cost efficiency, product quality, customer satisfaction, and time to market. As the world rapidly changes, digital leaders will be the front-runners in the race for business survival, he says.

CNBC Africa

How East African Businesses Can Survive COVID-19

In an interview with CNBC Africa, BCG’s Mills Schenck asserts that East African firms should be actively managing their liquidity to adapt to the new reality and to ensure near-term continuity. He explains that there are opportunities for all sectors to capitalize on shifting supply-chain dynamics and to invest in digital. According to Schenck, companies need to build flexibility in their business models and future-proof their supply chains to ensure greater resiliency.