The transition to zero carbon can be a value-generating opportunity for shipping companies—if they are proactive and purposeful, rather than reactive and defensive. Decarbonization has risen rapidly up the agenda of shipping CEOs. The shipping industry—one of the most costly and challenging sectors to decarbonize—faces growing calls by shareholders, regulators, customers, and other stakeholders to […]
How consumer companies can embrace change amid volatility – EQ Mag
Senior partner Dymfke Kuijpers shares more on being a business ‘triathlete’, and how consumer companies can embrace three mindsets to navigate current economic headwinds. Ithink in today’s world you need to be a triathlete. You essentially need to have three mindsets: One of growth, one of frugality, and the final one is of learning. Think […]
Asia’s net-zero transformation: The vital role that banks can play – EQ Mag
Different types of financing are required for banks’ stakeholders and clients, particularly in Asia where countries are so diverse. McKinsey chatted with Eric Lim, chief sustainability officer (CSO) at UOB, about the role that banks can play in Asia’s transition to net zero. He stressed that the differences between countries in the region require individualized […]
Tailoring innovative financial solutions for the transition to net zero – EQ Mag
Financial institutions in Asia need to work closely with government and regulators to establish policies, standards, and incentives to achieve net-zero goals. McKinsey talked to Ahmad Siddik Badruddin, chief risk officer at Bank Mandiri, about the role that banks can play in aiding Asia’s sustainability transition. They also discussed the challenges around regulatory risk and […]
One way to help solve net-zero challenges: Working together as an ecosystem – EQ Mag
It is vital to manage three areas when negotiating the rocky 1.5° pathway: clear policies, risks to private capital, and tradeoffs. McKinsey talked to Helge Muenkel, chief sustainability officer of DBS Bank, about the challenges—particularly for private finance—in the transition to net zero in Southeast Asia. McKinsey: What do you see as the top three […]
The clean hydrogen opportunity for hydrocarbon-rich countries – EQ Mag
Hydrogen could play an important role in helping hard-to-abate sectors meet climate targets. Countries with hydrocarbon resources and industry expertise can help build and scale the needed technology. Industry leaders are under pressure as the global climate change debate has amplified the call to limit global warming to 1.5 degrees Celsius.1 Hydrocarbon-rich countries (HRCs) could […]
Batteries included: Building and operating sustainable gigafactories – EQ Mag
As the demand for electric vehicles grows, so does the demand for the batteries to power them. Meeting that demand will require more gigafactories to be built at speed and scale. As economies move toward more sustainable transport options, more electric vehicles (EVs) are rolling off production lines than ever before. These vehicles need to […]
A shot at green leadership: McKinsey Report – EQ Mag Pro
McKinsey says that under an accelerated decarbonisation pathway, India could create 287 tonnes of carbon space by 2070. India’s proposed climate action plan is quite ambitious, but there is still more room for it to step up decarbonisation efforts, says a recently released report from McKinsey. The country has a low per capita emission, but […]
McKinsey supports global industry in driving decarbonization
At a B20 side event in Indonesia, “Technology and market innovation for decarbonization,” McKinsey’s Martin Santoso laid out the firm’s contributions. On 26 August, the B20 Trade and Investment Task Force, alongside the ICDX Group and the Ministry of Trade of Indonesia, held a side event that focused on the technology and market innovation required […]
Sustainability in global transaction banking: A market imperative – EQ Mag Pro
Sustainable financial products can propel revenue growth for banks and contribute substantially to businesses’ progress in meeting global climate goals. But success requires a strategic approach. Sustainability1 has become a topic of crucial importance for many corporations, including financial institutions. One reflection of this is the strong growth in sustainable debt instruments, which according to […]
