3 key action areas
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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
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| | | A successful net-zero transition could present significant opportunities for the industrial sector, but decarbonization is a difficult transformation for most companies. The process is time-consuming, the costs for scaling climate technologies can be high, and access to financing can be challenging. There is also the added complexity of inflation, disruptions to energy markets, supply shortages, and increased interest rates in the current moment. While many start-ups have become early leaders in decarbonization, some incumbents have been taking bold steps to get ahead of their competitors. How can more incumbents decarbonize and create value? In a new article, McKinsey’s Dieuwert Inia, Tomas Nauclér, Philipp Radtke, and coauthors explore how established companies can take action in three key areas in order to stay competitive in the years to come. Check it out to understand the business case for decarbonization. The time to act is now.
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| | | | | | | | | | | | | | | | | | | | | | | — Edited by Joyce Yoo, editor, New York
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