BCG in the News

New at BCG

Boston Consulting Group Steps Up Investment into Decarbonization through Sustainable Aviation Fuel Agreement with World Energy

Five-year contract will deliver emissions reductions of 100,000 metric tons of CO2— equivalent to flying 177,000 economy-class passengers round trip between Boston and London1100,000 metric tons of CO2 would represent more than half of BCG’s air travel CO2 emissions in 2023This is BCG’s largest SAF certificate purchase to dateBoston—Boston Consulting Group (BCG) today announced it has signed an agreement for the purchase of sustainable aviation fuel certificates (SAFc) with World Energy, the sustainable aviation fuel (SAF) producer and low-carbon solutions provider. A key part of BCG’s commitment to achieving net zero climate impact by 2030, the agreement will run through 2028. It is expected to deliver an emissions reduction of 100,000 metric tons of CO2 over the next five years.

New at BCG

Boston Consulting Group Collaborates with Aptos Labs to Bring Web3 Solutions to Major Financial Institutions

BOSTON—Boston Consulting Group (BCG) today announced that it has entered a strategic partnership with Aptos Labs—a global blockchain leader—to help financial institutions implement a suite of end-to-end institutional Web3 and digital asset management solutions.

The Economic Times

Three Indian Companies Rank Among the World’s Top Value Creators

In The Economic Times, BCG’s Akshay Kohli breaks down which companies globally are driving the most value for shareholders, based on BCG’s 2024 Value Creators Rankings. He explains that technology and tech-related industries dominate the rankings, in part due to investor excitement around GenAI. “India has been at the forefront of this charge across the global markets,” Kohli says. As a result, three Indian companies are included in the list of the 25 companies creating the most value around the world.

Forbes

Are Coders’ Jobs at Risk? AI’s Impact on the Future of Programming

In his column for Forbes, BCG’s Sylvain Duranton explains that while AI will automate low-level developer tasks, industry experts will be even more important than before. Experts must provide the architectural vision and direction for AI, and human oversight of AI-written code will be necessary for quality assurance, testing, and cybersecurity. “While AI may eventually take over the writing of all code, we will still need people who can understand that code to review and maintain it,” notes Duranton.

Harvard Business Review

Harvard Business Review Awards Top Prize to BCG-Authored Article

Harvard Business Review (HBR) has announced that “Reskilling in the Age of AI,” which featured BCG’s Sagar Goel and Orsolya Kovács-Ondrejkovic among its coauthors, has received the 2023 HBR Prize honoring the magazine’s best article of the year. In the winning piece, Goel, Kovács-Ondrejkovic, and their fellow coauthors write: “To adapt in the years ahead to the rapidly accelerating pace of technological change, companies will have to develop ways to learn—in a systematic, rigorous, experimental, and long-term way—from the many reskilling investments that are being made today.”

Fortune

The Next Evolution of AI Is Already Here–and Hiding in Plain Sight

In Fortune, BCG’s François Candelon, Leonid Zhukov, Namrata Rajagopal, and David Zuluaga Martínez write that AI’s future hinges on the strategic integration of a wide range of technologies through a “One-AI approach.” BCG research has found that mature AI companies are twice as likely as their less experienced counterparts to use a One-AI approach to scale applications. “The latent power of using AI in its full range of capabilities is clear; companies just need to take a big picture view and organize accordingly to realize that potential,” the authors write.

China Daily

New Energy Vehicles Power the Future of Hong Kong’s Automotive Industry

In an interview with China Daily, BCG’s Eric Li speaks about how Hong Kong can help encourage the widespread adoption of new energy vehicles. In 2021, Hong Kong’s Special Administrative Region government unveiled plans aimed at stopping new registrations of fuel-propelled and hybrid vehicles by 2035. Li explains that Hong Kong can accelerate development of electric vehicles (EVs) by maintaining proactive industrial policies for users and improving infrastructure to support EVs.

The New York Times

A Path to Solving Carbon Emissions

In The New York Times, BCG’s Global Chair Rich Lesser explains why more companies will purchase carbon removal credits in the coming years. BCG research forecasts that the market for carbon dioxide removal (CDR) technologies will grow from less than $10 billion today to as much as $135 billion by 2040. While CDR alone won’t solve the climate crisis, many scientists believe that removal of excess carbon dioxide will be necessary. “No one is arguing that you could solve all our carbon emissions with this,” Lesser says. “But it could be a meaningful part of solving a huge problem.”

The Edge Singapore

Your Organization Needs a Better Business Building Strategy

In The Edge Singapore, BCG’s Hanno Stegmann writes that despite recent economic growth in Asia Pacific (APAC), effective business building is necessary for the region’s continued success. BCG research projects that APAC will account for 60% of global GDP growth in 2024. For organizations that wish to leverage this opportunity, Stegmann outlines nine strategic assets to maximize effective business building. “Companies should embed a proper business building methodology backed by an innovation mentality if they want to achieve success,” he says.

Nikkei Asia

Digital Economy Opens Doors for Southeast Asia

In Nikkei Asia, BCG’s Global Chair Rich Lesser explains that the Association of Southeast Asian Nations (ASEAN) is on the cusp of a digital transformation, but must first upskill their labor force across all industries—not just hardware, software, and telecommunications. BCG forecasts that the value of ASEAN’s digital industries will increase from $300 billion to $1 trillion by 2030. “ASEAN, like other parts of the world, will have to invest to upskill and reskill the current generations of workers and to offer different kinds of learning and skills development to younger people to make them prepared,” Lesser says.

Harvard Business Review

Don’t Wait for a Crisis to Reduce Costs

In Harvard Business Review, BCG’s Paul Goydan and Kevin Kelley write about the dynamics that make it difficult to drive cost competitiveness and deliver lasting impact. The pair provide five critical actions for CEOs to tackle the root causes of cost crisis, including future-proofing organizations by utilizing emerging technologies and redeploying talent to priority areas. “Leaders who understand the forces contributing to cost creep and who respond decisively can use freed-up resources to grow and support strategic priorities,” Goydan and Kelley write. “They will, in turn, build leaner, faster, and stronger organizations.”

Fortune

China May Have Asia’s Most Vibrant Companies—But Don’t Count the Rest of the Region Out

In Fortune, BCG’s Fang Ruan, Ketil Gjerstad, Johann Harnoss, Martin Reeves, and Adam Job write about three trends driving Asia’s innovation and growth potential, based on BCG and Fortune’s “Asia Future 30” list. Although China has been the region’s innovation leader for some time, the country faces risk due to a property crisis and geopolitical tensions. The authors explain that South Korea, India, and Japan are emerging as hot spots of growth potential in Asia, but they all depend, to some extent, on a strong Chinese economy.