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Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities

Do consumers really care about buying environmentally and ethically sustainable products? Turns out, the answer is yes. According to a joint study by McKinsey and NielsenIQ, there is a clear link between environmental, social, and governance (ESG)-related claims and consumer spending. Products that claimed to be environmentally and socially responsible averaged 28 percent cumulative growth over the past five years, compared to 20 percent for products that made no such claims. For more on how to develop a consumer-centric ESG strategy that could benefit your company’s financial performance as well as the planet, check out this new article by McKinsey partner Jordan Bar Am , senior partner Steve Noble , and their coauthors.

Green cover and blue waters in the shape of a bottle

Consumers care about sustainability—and back it up with their wallets

A joint study from McKinsey and NielsenIQ examines sales growth for products that claim to be environmentally and socially responsible.

Quote

Quote of the day

“If you look at 20- to 29-year-olds, they have a very strong preference for having at least two, three days a week on site. Strategically, as a company, if you want to hire people like my students from Stanford, it’s not that appealing being fully remote.”

—Nicholas Bloom, Professor of Economics at Stanford University, on the downside of fully remote work in a recent episode of the Forward Thinking podcast

Chart of the day

Chart of tech employee motivation for seeking a new job, by gender

See today’s chart

ALSO NEW

Car Factory: Team of Automotive Engineers Working, Using Computers to Design Advanced 3D Models for High-Tech Engines. Automated Robot Arm Industrial Assembly Line Manufacturing Electric Vehicles - stock photo

Indirect manufacturing costs: An overlooked source for clear savings

Indirect operations functions make up a significant share of total operations—and optimizing them can deliver sizeable bottom-line impact.

Find hidden savings

Focusing on developer experience and embedded security for cloud

Asurion’s CIO explains how the company’s timely decision to go cloud-first allows the company to move fast, drive value, and stay competitive.

Move quickly on cloud

Low angle view looking directly up from the street at buildings in London

European Transformation Summit: Fresh leadership perspectives

European transformation leaders share fresh perspectives based on their real-world experiences. A unifying principle to drive change and a structured approach to execute and sustain it can boost success.

Continue the journey

— Edited by Katherine Tam, editor, New York

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