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.

Forbes

Why We’re Not Making Enough Progress on Culture Change

BCG’s Deborah Lovich writes in her Forbes column about how to make necessary changes to company culture. She explains that the C-suite needs to drive the changes from beginning to end. Lovich describes a three-step approach towards achieving this goal, the first being for leaders to clearly articulate the kind of culture they want for their firm. According to Lovich, these changes must start from the top and become embedded in the company’s operating model to make a cultural shift successful.

Reuters

Pressure Rises for Shipping Industry to Go Net-Zero

BCG’s Peter Jameson and Ulrik Sanders tell Reuters that banks are enforcing stricter environmental criteria when financing shipping companies. ESG-driven requests are prompting immediate action, according to Jameson and Sanders, with financial institutions already providing loans linked to sustainability targets and the shipping industry aiming to reduce its greenhouse gas emissions while calling for more governmental progress toward decarbonization efforts.

Business Day

Renewable Energy Must Be Harnessed to Empower All

In South Africa’s Business Day, BCG’s Igor Lakic and Keshlan Mudaly write about the country’s renewable energy potential. It is currently a climate change hotspot, with one of the world’s most carbon-intensive power sectors. But according to Lakic and Mudaly, South Africa’s abundance of alternative power sources could unlock a low-carbon economy that would be ecologically and economically beneficial for the country.

Forbes

Time for CEOs to Rebalance Work, Lives, Careers and What It Means to Be Employed

In her column for Forbes, BCG’s Deborah Lovich explains how the current labor shortage creates a space for leaders to reconsider the ways they organize and reward work. Lovich describes three areas in need of change: compensation, priorities, and workplace connections. By adapting in these areas to better fit the needs of employees, she argues, companies can channel the wave of recent resignations into a positive opportunity for recalibration.

Bloomberg

Over 90% of Firms Aren’t Measuring Emissions Correctly

BCG’s Mike Lyons, Sylvain Duranton, and Charlotte Degot spoke to Bloomberg about a recent BCG study that shows that only 9% of companies can accurately quantify their total greenhouse gas emissions. One area where companies sometimes fall short is the collection and analysis of granular data and emissions factors; AI measurements can help companies reduce their emissions by as much as 40%, according to the study.

Harvard Business Review

The US Economic Recovery Is Slowing Down. Don’t Be Alarmed.

Amid growing uncertainty around the US economy, BCG’s Philipp Carlsson-Szlezak, Paul Swartz, and Martin Reeves write in Harvard Business Review that despite concerns surrounding the current economic slowdown, this deceleration is necessary. They share five reasons to be confident that consumers can continue expanding the economic recovery from the pandemic-induced recession. The authors urge business leaders to avoid overreacting to short-term fluctuations in the labor and product markets and take a broad interpretation of the macroeconomic landscape.

The Hindu Business Line

Technological Disruption of India’s Agriculture Ecosystem

BCG’s Sushma Vasudevan and Simran Ahluwalia write in The Hindu Business Line that India’s agriculture industry has an immediate need for agritech, which could make farming more profitable, inclusive, and equitable. To unlock the full potential of this technology, however, the sector must overcome key challenges and follow an ecosystem approach, which includes concerted efforts on the part of governments and adoption by the private sector.

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