Now is the time for climate action

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Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   New from McKinsey & Company   Curated by Eleni Kostopoulos   Digital Publishing Manager, New York Now is the time for climate action "We built this economy over the past 200 years. We're going to have to radically change it over the next 30," says Dickon Pinner, senior partner and global colead for McKinsey Sustainability. How can climate technology help speed the transition to net zero? And what actions can organizations take to mitigate the climate crisis? These and more questions will be addressed at Climate Week NYC 2022, which marks its fourteenth year as the biggest global climate event of its kind. The event, which kicks off tomorrow and boasts the tagline "Getting it Done," will focus on three key themes: • Putting climate in context • The cold truths for a warming world • Investing in equity and the economy Check out these insights to learn how innovation in technology and business models could create growth opportunities for companies that take action to protect the climate. Read more Spotting green business opportunities in a surging net-zero world Explore how 8 industries may transition to reach a 2050 net-zero scenario, and how organizations can respond with new green businesses that create value along the way. Be bold Where the world's largest companies stand on nature While Global 500 companies increasingly recognize the importance of nature, few companies have established nature-related commitments outside of carbon. Consider all dimensions  Does ESG really matter—and why? Although valid questions have been raised about ESG, the need for companies to understand and address their externalities is likely to become essential to maintaining their social license. Deliver meaningful impact  Author Talks: How industrial technology is creating a more inclusive economy McKinsey reveals 35 cutting-edge companies in the industrial tech sector, highlighting a robust "titanium economy" that creates American jobs and fuels innovation through sustainable, inclusive growth. Embrace the change  Failure is not an option: Increasing the chances of achieving net zero Countries and companies globally are taking action to pursue net-zero emissions, but their plans could easily be derailed by myriad factors. Here are some considerations for helping to keep them on track. Monitor and adapt  Playing offense to create value in the net-zero transition Decarbonization will reshape the economy, opening new markets and imperiling others. Now is the moment for companies to spot green growth opportunities and move boldly to take advantage. Shift to green  How climate action can help deliver EU energy security Governments can act now to accelerate the energy transition in Europe to both improve the continent's long-term energy security and reduce emissions. Read the report  The net-zero transition: What it would cost, what it could bring This McKinsey report offers a detailed look at the economic and societal impact of the transition to net-zero carbon emissions by 2050. Build a green future  The economic transformation: What would change in the net-zero transition A net-zero transition would entail a significant and often front-loaded shift in demand, capital allocation, costs, and jobs. Do things differently  Launching net-zero businesses: Lessons from a digital leader Many companies are hustling to start low-carbon businesses. Ram Ramachander works at the speed of a start-up and with the backing of a corporation. Grow with purpose  Sustainable and inclusive growth: A weekly briefing Using more of the food we grow could benefit society, corporations, and the planet. Our weekly digest of McKinsey insights explores that topic and more. Get updated  More from the Sustainability Blog Net-zero heat: Is it too hot to handle? Changing the systems by which we produce and consume heat could generate powerful progress in the effort to combat climate change. Overcome obstacles  Building green businesses to speed the transition to net zero Global attempts to move to a 1.5° pathway rely on our collective ability to scale up new green businesses—and to do so quickly. What exactly will it take to make this happen? Embrace a new formula  Now the IPCC has recognized that carbon removals are critical to addressing climate change, it's time to act With the scale of the climate challenge coming ever more starkly into focus, governments, investors, and companies are under increasing pressure to take rapid and decisive action. Act now  To see more essential reading on topics that matter, visit McKinsey Themes. Follow our thinking Share these insights Did you enjoy this email? Forward it to colleagues and friends so they can subscribe too. Was this forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. 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