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    $18 Trillion Capital Gap Is Threatening the Green Energy Transition

    A Staggering 90% of the Shortfall is Traceable to Electricity and End Use InvestmentsInflation, High Capital Costs, and Supply Chain Pressures Are Slowing the Energy TransitionCompanies Are Optimizing Capital Structures for Energy Transition Investment with Deals Surpassing $320 billion in 2023 BOSTON—Closing the $18 trillion gap to fund the green energy transition through 2030 is being slowed by negative investment conditions. Challenges include inflation, supply chain constraints and pressures, and higher costs of capital. However, the energy sector has responded proactively. Total energy sector transactions exceeding $320 billion so far in 2023 show that the industry is fine-tuning capital frameworks for the energy transition, according to a publication released today by the Boston Consulting Group (BCG) Center for Energy Impact. Titled Bridging the $18 Trillion Gap in Net Zero Capital, the report is based on an analysis of 260 of the world’s largest energy companies across power and utilities, oil and gas, and private equity.
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    Over 70% of HR Professionals Cite People Challenges and Talent Gaps as Their Companies’ Biggest Business Obstacle

    Only 35% Agree That Their Company’s People Management Function Is Using Relevant Digital TechnologiesJust 30% Say That HR Is Using Data and Analytics to Anticipate People ChallengesNew Report from BCG and WFPMA Finds That People Management Functions Must Shift Their Focus to Prioritize Topics That Are Most Important to Future Performance BOSTON—The uniquely challenging global events of the past few years have underscored the critical importance of people management for companies. Disruptions, including the pandemic and its aftermath, forced organizations to clearly define priorities and quickly build up specific capabilities in employee health and safety and more flexible working models. But the environment going forward may be even more challenging, as we are likely to see more frequent and severe disruptions, increasing talent gaps, less fluid talent markets, and a growing need for digital transformation and innovation—especially around AI.
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    Despite Climate Concerns, Just 14% of Companies Reduced Carbon Emissions in Line with Ambitions Over the Past Five Years

    CO2 AI and BCG’s Third Annual Carbon Emissions Survey Indicates Companies Are Falling Short on Reduction Ambitions, Citing a Wide Array of ChallengesCompanies Have Significantly Improved Partial Measurement and Reporting of Scope 3 Emissions—Up 19 Percentage Points Since 2021, From 34% to 53%Asia Pacific Respondents Improved Comprehensive Emissions Reporting by 7 Percentage Points (PP) Since 2021; South American and North American Respondents Improved Scopes 1 and 2 Emissions Reporting By 9 PP Points and 5 PP, RespectivelyWhen Asked to Quantify Decarbonization, 40% of Survey Respondents Estimate an Annual Benefit of at Least $100 Million to Their BusinessWithin the Next Three Years; 30% of Companies Plan to Expand the Deployment of AI-Powered Tools to Improve Accuracy, Efficiency, and Decision-Making in Emissions ManagementBOSTON—As climate-related disasters intensify in frequency and severity, so does the economic impact on communities and businesses. Despite a responsibility to mitigate the crisis with emissions reductions in their operations and supply chains, companies have not made much progress in comprehensively measuring and reducing their emissions over the past year, according to a new study by CO2 AI and Boston Consulting Group (BCG) being released ahead of COP28, which begins at the end of the month.
    Bargain Hunters Set to Drive Record Black Friday | Hero

    Record Black Friday Predicted with 74% of Consumers Planning to Shop, as Cost-of-Living Crisis Drives Hunt for Bargains

    Average Spend Around November Sales Events Is Expected to Increase Between 3% and 22% Versus 2022, Depending on the Country SurveyedConsumers Are Turning to November Sales Less for High-End Items and More to Cover Their Basic NeedsConsumers Expect a Minimum 30% Discount for a Good Black Friday DealBOSTON—With the rising cost of living continuing to pinch household budgets, 74% of consumers say they intend to take advantage of deals during November sales events this year—an increase of 7 percentage points versus 2022. Over the course of this Black Friday, Cyber Monday, and Singles’ Day, US consumers plan to spend the most ($460), followed by Switzerland ($390), and Germany ($385). What’s more, average spend is expected to exceed 2022—in some countries, by as much as 22%. This record consumer spending, while partially driven by year-over-year inflation, also reflects a growing focus on deal hunting as consumers shift December holiday shopping to November to benefit from bargains.