Cheddar News

BCG’s Sharon Marcil on Empowering Women in Business

BCG’s Sharon Marcil joins Cheddar News to discuss her new role as the firm’s regional chair for North America. Marcil says her primary objective is to create an environment where all employees have equal opportunity, and she explains that, as a former leader of the Women@BCG affinity group, she helped close BCG’s retention gap by creating more flexible career paths. She also looks back at her own journey at BCG and shares her advice for career advancement.

Fortune

Leveraging the Power and Pace of Climate Innovation

BCG’s CEO Christoph Schweizer writes in Fortune that climate innovation will disrupt business models in the coming decades, and that early movers face exciting opportunities that will set them up for advantages in the years ahead. Schweizer explains that one issue holding leaders back is inaccurate projections about speed and cost. He argues, however, that these concerns are often short sighted, and that sustainability is crucial for businesses to remain competitive.

The Economist

More Chargers Are Needed to Maintain EV Demand

BCG’s Aakash Arora tells The Economist that the complexity of the electric vehicle (EV) charging industry has slowed the rollout of public charging points. It’s a problem that could limit the growth potential of the EV market if sufficient investments in charging infrastructure are not made. A BCG report estimates that by 2030 there will be 6.5 million EV charging points between Europe, China, and the US; however, far more will be needed to meet the rising demand for public charging.

China Daily

China Prepares for a Net-Zero Transition

In China Daily, BCG’s Baiping Chen and Yvonne Zhou discuss ways for China to achieve its emissions reduction goals. Chen and Zhou explain that companies should use quantitative methodologies when assessing climate-related risks, as outlined in BCG’s book, “China’s Pathway to Net Zero.” Industries will need to employ advanced technologies and prepare for increased cost of exports while governments promote unified standards and implement market-oriented methods.

City AM

London Is the Top Destination for Tech Talent

BCG’s Orsolya Kovács-Ondrejkovic tells City AM that the digital talent market has overheated in the wake of the pandemic, which left the digital workforce relatively unscathed. A recent BCG survey suggests that a wave of resignations is impending, with nearly 40% percent of digital workers actively job hunting. Kovács-Ondrejkovic says that salaries for digital workers across industries are increasing drastically, and many companies are struggling to compete. However, the right workplace culture and values are still among the top priorities for tech workers, she says.

Bloomberg Daybreak: Europe

Going Net Zero Might Be Less Costly Than Expected

BCG’s Jens Burchardt joins the Bloomberg Daybreak: Europe podcast to discuss how to cut Scope 1 and 2 carbon emissions by more than half in industries such as food, fast-moving consumer goods, and automotive without additional costs. Burchardt explains that, for many industries, first-mover disadvantage doesn’t hold when looking at decarbonization costs. He also talks about the much larger problem of upstream emissions, arguing that while addressing them can be expensive, the cost impact for the end consumer is quite low.

Fortune

Accelerating Climate Progress Could Advance Gender Equity

Fortune highlights a BCG study which examines the booming green economy through a gender equity lens. The results show that while the green economy is positioned to create immense opportunity and prosperity, current climate mitigation strategies—specifically in STEM fields—can delay gender equity by up to 20 years. Closing the gender gap in the green economy could increase global annual GDP by nearly $1.5 trillion.

CNN

BCG’s Rich Lesser Reflects on the US-China Climate Agreement at COP26

BCG’s Rich Lesser joins CNN to discuss the economic and political aftermath of COP26, with a focus on US-China relations. He says that businesses want this relationship to be built in a “productive way that supports the growth and the economies in both countries.” Lesser points to the US-China climate agreement made at COP26 as an example of successful collaboration over joint interest, and he is hopeful that it will create a path for the two countries to work together on other key issues.

Fortune

AI Won’t Break Your Company’s Culture—and It Might Even Boost Morale

BCG’s François Candelon, Michael Chu, and Su Min Ha write in Fortune about how deploying AI at scale can create high-performance culture, in addition to delivering financial benefits. They reference a recent report from BCG and MIT Sloan Management Review which showed that implementing AI can foster more collective learning and collaboration, help define roles more clearly, and increase company morale.

CGTN

Why Net Zero Emission Targets Are No Cause for Alarm

At COP26, BCG’s Rich Lesser speaks with CGTN about the huge increase in public- and private-sector funding that will be needed to meet net-zero commitments—and the business opportunities that the additional funding will create. Lesser explains that investing in climate was historically viewed by CEOs as a corporate responsibility. But with up to $5 trillion being invested annually in the coming years, he says, companies that don’t get ahead on climate are putting their businesses at risk.

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