The Edge Singapore

Scaling Climate Finance and the Opportunity for Singapore's Financial Sector

For The Edge Singapore, BCG’s Dave Sivaprasad and Andrew Hardie write about Singapore’s potential to become a global leader in sustainable and climate financing. They discuss a report from BCG and GFMA which revealed a $5 trillion annual climate financing need over the next three decades to transition to a low-carbon economy, and they assert that Singapore “offers fertile ground for climate financing success.” Sivaprasad and Hardie identify ten key actions for banks and capital market firms to undertake as they drive toward a “climate-positive future.”

AP News

Shift to Electric Vehicles Accelerates

In an AP News article syndicated by nearly 150 other media outlets, BCG’s Aakash Arora and Nathan Niese discuss the findings of their BCG study on electric vehicle adoption. The transportation industry is a major producer of CO2 emissions, so EV adoption will be crucial for President Biden’s goal of cutting US emissions in half by 2030. But the transition isn’t occurring fast enough to meet that goal. The BCG data shows that while EV sales are projected to rise from 12% of the global market in 2020 to 47% in 2025, “if half of new cars sold around the world in 2035 are zero-emission vehicles, 70% of the vehicles on roads will still be burning gasoline or diesel.”

CGTN

The Future of Sustainable Investment in China

BCG’s Baiping Chen sits down with CGTN to share his insights on prospective sustainable investments in China as the country aims to be carbon neutral by 2060. Chen says “penetration of ESG related investment in China is still quite low” compared to the rest of the world, but that opportunities exist. He believes ESG investment is the future for Chinese companies that are looking to reduce pollution and achieve carbon neutrality.

BusinessWorld

Why “Great” is No Longer Good Enough

Companies that attend to total societal impact (TSI) “generate better returns, are more valuable, and have an easier time attracting capital,” BCG’s Arindam Bhattacharya writes in his article for BusinessWorld. He shares the findings of BCG’s research, which uncovered three TSI approaches that dozens of global companies have taken to enhance their social impact while delivering strong shareholder returns and growth: build innovative business models, retool processes and functions, and partner with local governments.

Forbes

Hurry, Time is Running Out to Lock in the Benefits of Remote Work

In her column for Forbes, BCG’s Deborah Lovich asks business leaders a big question: “Do we really want to go back?” Instead of downplaying some of the new and improved ways of working today, she suggests leaders should be looking at the benefits of remote work to catapult their organizations forward. Lovich proposes three questions leaders should be asking as the pandemic slows and workers return to the office.

Fortune

How AI-Powered Companies Dodged the Worst Damage from COVID

Artificial Intelligence will be critical in helping companies manage chronic uncertainty, asserts BCG’s François Candelon in his op-ed for Fortune. He outlines the ways in which companies that are ahead of the curve in their use of AI minimize costs and maximize revenue. Candelon also posits that while humans will play a key role in all AI-driven execution, having employees reimagine themselves working in tandem with AI is the only way for companies to “win the post-pandemic future.”

The Edge Malaysia

Malaysia’s Renewable Energy Opportunity

Asia-Pacific is expected to attract $3.7 trillion in renewable-energy investments by 2040 – more than the investment commitments in North America and Europe combined. In The Edge Malaysia, BCG’s Dave Sivaprasad and Priyanshu Kumbhare write that green energy presents new opportunities for Malaysia in particular. Sivaprasad and Kumbhare explain that Malaysia’s rollout of renewable energy will create new jobs and open new business opportunities for the country.

Forbes

Deep Tech: 30,000 Startups Can’t Be Wrong (And Some Will Change Our Lives)

In her column for Forbes, BCG’s Deborah Lovich asserts that deep tech is going to change our lives. She says “patience is needed; you need to think long term,” and suggests the kinds of questions leaders of large companies should be asking themselves now to prepare. Lovich shares that deep tech also has the potential to disrupt existing industries and crush businesses that are unable to adapt. She believes that senior leaders must keep this in mind as they evaluate the emerging landscape.

The Sunday Times

Business Travelers Opt for Eco-Friendly Alternatives

In The Sunday Times of London, BCG’s Mai-Britt Poulsen outlines BCG’s pledge to cut emissions from business travel in accordance with the firm’s goal to reach net zero by 2030. As part of its commitment to combat climate change, she explains, BCG is piloting an initiative that highlights the carbon footprint of travel and provides more environmentally friendly alternatives for staff. Poulsen says the process was designed to “create transparency and awareness and then generate discussions as to what we actually need to change to meet our target.”

The Guardian

‘Peak Meat’ by 2025 for Europe and the US

A new BCG report, produced in collaboration with Blue Horizon, found that “alternative proteins will capture 11% of the global protein market by 2035.” BCG’s Decker Walker tells The Guardian that the US and Europe may reach “peak meat” in 2025, after which the consumption of meat will decline due to the fast growth of plant-based alternatives. Walker believes the world is already at such a point where meat consumption is falling for the first time in history.

The Australian

The Future of Work in the Era of AI

According to a BCG report on the future of work in the era of AI, the Australian economy will likely face a shortage of more than a half-million workers across critical sectors by 2030 and “huge economic disruption.” BCG’s Miguel Carrasco tells The Australian that demonstrated policy measures are “needed to help workers transition away from the impacted industries.” He believes that digital literacy and education reform can create transformative changes and a more adaptive Australian workforce.

Bangkok Post

Investment and Innovation in Thai Renewable Energy

BCG’s Aman Modi and Marko Lackovic write in the Bangkok Post that population growth, strong economic performance, and significant market potential will increase Asia Pacific’s renewable energy capacity by two terawatts over the next decade. They reference a BCG report that explores this substantial growth potential and the reasons why Thailand is positioned to lead. They write “with greater liberalization and supportive tweaks to the landscape,” Thailand can unlock a new future of renewable power investment.

SUBSCRIBE