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2023 ESG Report: Creating a more sustainable, inclusive, and growing future for all
While the simultaneous pursuit of growth, sustainability, and inclusion may seem to present trade-offs, we are embracing all three in partnership with our clients. Our 2023 ESG report details our progress toward accelerating sustainable and inclusive growth in the societies where we live and work.
Recent media coverage
![How young Chinese consumers are reshaping global luxury](/~/media/mckinsey/featured%20insights/china/how%20young%20chinese%20consumers%20are%20reshaping%20global%20luxury/how-young-chinese-1536x1536-50-50-hero.jpg?cq=50&mw=767&car=16:9&cpy=Center)
Luxury in China
Daniel Zipser discussed the outlook for luxury brands in China on “Bloomberg: The China Show.”
![Silhouettes of three business people drawn in outline of digital lines.](/~/media/mckinsey/mckinsey%20global%20institute/our%20research/a%20new%20future%20of%20work%20the%20race%20to%20deploy%20ai%20and%20raise%20skills%20in%20europe%20and%20beyond/mck242172-vivatech-2024-thumb-1536x1536.jpg?cq=50&mw=767&car=16:9&cpy=Center)
Petrochemical industry
Eren Cetinkaya commented on rationalization in the petrochemical industry in Europe and Asia to Reuters.
![Neon-toned 3D-style image of a shopping basket with heart icons floating from it.](/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/members%20only%20delivering%20greater%20value%20through%20loyalty%20and%20pricing/members%20only-%20delivering%20greater%20value%20through%20loyalty%20and%20pricing-1846871120-thumb-1536x1536.jpg?cq=50&mw=767&car=16:9&cpy=Center)
Consumer behaviour
Warren Teichner spoke with Financial Times about brand loyalty and consumer behaviour predictors.
![A series of glowing, rectangular stairs arranged in the form of an arrow on a rough concrete surface. The arrow directs upward, indicating progress and accomplishment.](/~/media/mckinsey/business%20functions/strategy%20and%20corporate%20finance/our%20insights/toward%20the%20long%20term%20cfo%20perspectives%20on%20the%20future%20of%20finance/toward-the-long-term-1207580305-thumb-1536x1536.jpg?cq=50&mw=767&car=16:9&cpy=Center)
CFO perspectives
Ankur Agrawal spoke with Fortune about CFO perspectives and the future of finance.
McKinsey in the news
![Two arms extend toward the middle of the image with a turning globe cradled in their hands. Two large leaves stretch out from either side of the arms and softly move as if in a breeze. The image resembles a flower, with the outstretched arms the stalk and the ring of people the petals.](/~/media/mckinsey/mckinsey%20global%20institute/our%20research/from%20poverty%20to%20empowerment%20raising%20the%20bar%20for%20sustainable%20and%20inclusive%20growth/mgi-from%20poverty%20to%20empowerment-00-thumb-1536x1536.jpg?cq=50&mw=767&car=16:9&cpy=Center)
Geopolitics and the geometry of global trade
Global trade patterns are reconfiguring. Recent McKinsey research explores how more shifts are likely and businesses need to be aware of the potential trade-offs of different paths ahead.
![Light dots and lines evolve into a pattern of a human face and continue to stream off the the side in a moving grid pattern.](/~/media/mckinsey/business%20functions/mckinsey%20digital/our%20insights/the%20economic%20potential%20of%20generative%20ai%20the%20next%20productivity%20frontier/the-economic-potential-of-generative-ai-1324915617-thumb-1536x1536.jpg?cq=50&mw=767&car=16:9&cpy=Center)
Artificial Intelligence
From machine learning operations and organizational change to ethical considerations and emerging use cases, here is McKinsey’s latest thinking on how organizations can most effectively and responsibly use AI to create business value.
Business Insider: AI could force 12 million workers to switch jobs in coming years, causing unprecedented competitionWall Street Journal: A Clamor for Generative AI (Even If Something Else Works Better)Fast Company: This is how AI can help middle managers of the future be less miserableCNBC: The gap between AI expectations and outcomes in the workplace are wide
![Sustainability](/~/media/mckinsey/business%20functions/sustainability/how%20we%20help%20clients/sustainability_thumb_119609051_1536x1536.jpg?cq=50&mw=767&car=16:9&cpy=Center)
The Net Zero transition
Environmental resilience starts with reducing climate risk but also includes much broader preservation of natural capital as well as intergenerational fairness, all considered in terms of economic and societal costs and benefits. McKinsey’s sustainability research and insights can be found here.
Bloomberg: McKinsey Sustainability Sponsor Spotlight: An Affordable, Reliable, Competitive Path to Net ZeroCNN: The West needs China for clean energy. It will pay a price to break freeReuters: Despite climate pledges, fashion brands ‘way off track’ on cutting carbon from the catwalkFinancial Times: The red state surprise about America’s green transition
![Portrait of a mature businesswoman having a meeting with her team in a modern office](/~/media/mckinsey/featured%20insights/diversity%20and%20inclusion/women%20in%20the%20workplace%202022/women-in-the-workplace-2022-hero-1536x864.jpg?cq=50&mw=767&car=16:9&cpy=Center)
Diversity and inclusion
The business case for gender equality, diversity, and inclusion is strong and growing stronger. McKinsey examines the barriers that prevent companies from addressing gender and racial equality and identifies solutions for building a stronger, more inclusive workforce. McKinsey’s diversity and inclusion insights can be found here.
ABC News: More Latinos in Hollywood could generate an increase in revenue, study saysCNBC Asia: McKinsey on API representation in the workforceFinancial Times: How technology can improve your company’s DEI strategyThe Wall Street Journal: Returning From Parental Leave Can Be Stressful. How Some Employers Aim to Fix That