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Showing 1 - 10 of 15 results for "McKinsey"

Experts issue warning over AI washing

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... supporting research analysts, the opportunities in a service-based industry are significant," he said. Similarly, a recent McKinsey report claimed that generative AI adoption in financial services could fundamentally reshape employee tasks, from risk ...

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... Singapore-Asian taxonomy. Australia is in the process of developing its own sustainable finance taxonomy. According to McKinsey senior partner Cindy Levy, climate finance is seeing a global shortfall of US$55 trillion needed in the next decade to achieve ...

Only one sector set to meet emissions reduction targets

ROSE MARY PETRASS  |  MONDAY, 20 NOV 2023  |  NEWS
... enhanced cross-border finance for developing economies. The Sector Progress Tracker, developed by management consulting firm McKinsey & Company, provides a comprehensive overview of the progress and preparedness of sectors towards achieving net zero ...

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... renewable power dominates the energy mix with increasing investments and decarbonisation driven by electric vehicles. McKinsey's Global Energy Perspective 2023 predicts that renewables cost will decline, however current active policies are insufficient ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... great opportunities for you to serve and finance on these opportunities." However, not everyone agrees. Research from McKinsey finds that systemic risks like climate change "cause market failures that affect both consumers and insurers" and render insurance ...

Fidelity creates chief sustainability role, plus new chairs for IPCC and PRI

ROSE MARY PETRASS  |  FRIDAY, 4 AUG 2023  |  NEWS
... ambitions are realized." This comes as the PRI nominates Conor Kehoe as chair, starting in 2024. Kehoe spent 28 years at McKinsey & Company co-founding the investor and private equity practice and was a member of the G7 Impact Taskforce on Impact Accounting. ...

Seismic shift expected in global energy mix

ROSE MARY PETRASS  |  WEDNESDAY, 19 JUL 2023  |  NEWS
... within the decade as countries move away from fossil fuels - a shift hastened by Russia's invasion of Ukraine. Meanwhile, McKinsey & Company forecasts that power consumption is expected to triple by 2050 as electrification and living standards grow. ...

Offshore windfarms offer co-benefits

ROSE MARY PETRASS  |  TUESDAY, 18 JUL 2023  |  NEWS
... the UK inadvertently created artificial reefs that offer new habitats for lobsters and other marine life. According to McKinsey & Company global installed offshore wind capacity is expected to reach 630 gigawatts by 2050, up from 40 GW in 2020, and with ...

Origin Energy acquires 5% stake in battery cleantech Allegro

ROSE MARY PETRASS  |  TUESDAY, 4 JUL 2023  |  NEWS
... evidence of the need by energy retailers and others in the sector to answer long duration energy storage challenge, which McKinsey has estimated represents a total addressable market of US$3.5 trillion." Origin head of energy supply and operations Greg ...

Acacia Money hires former GetUp! CEO to exec team

RACHEL ALEMBAKIS  |  THURSDAY, 24 NOV 2022  |  NEWS
... Vernon. They have also brought on Michael Molitor as senior climate adviser, who has worked for organisations including McKinsey & Company, PwC and the NSW government. "2022 had two main focuses for Acacia," said Acacia founder and CEO Anil Sagaram. ...
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