The terms of the transaction were not disclosed. Jason Eis, CEO of Vivid Economics and Chairman of Planetrics, said: McKinsey has been a leading voice in sustainability and climate change. Vivid Economics's headquarters is located at 163 Eversholt Street, London. We help clients in all sectors around the world successfully navigate the risks and opportunities presented by the economy-wide transition to a more sustainable future. Management consulting giant McKinsey & Company has acquired sustainability consultancy Vivid Economics and its sister company Planetrics. Climate risk and response: Physical hazards and socioeconomic impacts Global management consulting firm McKinsey & Company announced the acquisition of strategic economics consultancy Vivid Economics, and climate analytics platform Planetrics, bolstering the firms sustainability and climate capabilities. If you would like information about this content we will be happy to work with you. McKinsey stated that the addition of Vivid Economics will accelerate the firms existing Sustainability and Risk & Resilience capabilities and talent, while the Planetrics suite will help its clients generate detailed company and business models that depict the impact of decarbonization and other moves related to climate risk. This acquisition is a testament to the passion, courage, skill, and hard work of the Vivid Economics and Planetrics teams. Climate change is impacting businesses and societies around the world, making climate risk and sustainability a top priority for organizations in all industries. FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther. We are looking forward to combining our collective experience, technology, and our analytical and creative thinking in the pursuit of tackling such critical global challenges.. our sites and services. Jointhe ESG Today daily newsletter and get all the top ESG stories, like this one. McKinsey has been a leading voice in sustainability and climate change, says Jason Eis, CEO of Vivid Economics and Chairman of Planetrics. While progress has been made, the majority of stakeholders are unprepared for the physical and financial impact to their businesses and to society, says McKinsey senior partner Dickon Pinner . Who are the investors of Vivid Economics? You can read more about your. We aligned on a global climate ambition and identified 10 business growth opportunities, engaging more than 300 executives to help the bank reach the goal of 50 percent reduction in financed emissions by 2030. Embedding climate risk factors into every sector has now become an imperative, says McKinsey senior partner Cindy Levy. We use cookies to ensure that we give you the best experience on our website. Global management consulting firm McKinsey & Company announced the acquisition of strategic economics consultancy Vivid Economics, and climate analytics platform Planetrics, bolstering the firm's sustainability and climate capabilities. For more information and to stay informed on our latest research and insights on these topics, please visit McKinsey Sustainabilityand McKinsey Risk & Resilience. This acquisition is a testament to the passion, courage, skill, and hard work of the Vivid Economics and Planetrics teams.. If you continue to use this site we will assume that you are happy with it. CBI websites generally use certain cookies to enable better interactions with our sites and services. Headquarters Location 163 Eversholt Street King's Cross London, England, NW1 1BU, United Kingdom 44 (0)844 8000 254 Suggest an edit Missing: Vivid Economics 's Product Demo & Case Studies McKinsey acquires boutique sustainability firm Vivid Economics In a move underlining the growing importance and value of climate risk analytics capability, global professional services firm McKinsey has bought Vivid Economics, the UK-headquartered, sustainability-focused, strategic economics consultancy. Report this profile . Analyst at Vivid Economics by McKinsey & Co. New York City Metropolitan Area. Vivid Economics's latest funding round is Acquired. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. McKinsey acquires Vivid Economics and Planetrics to help clients navigate climate change, McKinsey supports global industry in driving decarbonization, Nature and financial institutions in Africa: A first assessment of opportunities and risks, A circular economy is the biodiversity solution right in front of us report, Sectors are unevenly exposed in the net-zero transition. Embedding climate risk factors into every sector has now become an imperative, says McKinsey senior partner Cindy Levy . The Vivid Economics team at a company event (taken before the COVID-19 outbreak). Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs). For 2.5 years I worked at the United Nations Economic and Social Commission for Asia and the Pacific. Vivid Economics and Planetrics will bring expertise, analytics, and experience to our firm, helping clients assess climate and nature-related risk; develop environmentally and socially sustainable strategies; navigate large structural economic shifts; and create value through sustainable transformations. Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions. We combined these two approaches to map how voluntary market pricing functions, and the potential revenue stream that the project could capture. The addition of Vivid Economics will accelerate our existing Sustainability and Risk & Resilience capabilities and talent, while the Planetrics suite will help our clients generate detailed company and business models that depict the impact of decarbonization and other moves related to climate risk. In addition to our ongoing research and analysis of climate change and sustainability , we have been regularly convening top business leaders, scientists, government officials, and other influencers in an effort to translate knowledge into action. Vivid Economics is an energy consultancy offering services in a suite of diverse disciplines, ranging from climate change and natural resources to industrial transformation and energy, international development, trade, urbanization, earth observation, and transaction support. ESG Investing, sustainable finance & business sustainability news, McKinsey Bolsters Sustainability and Climate Capabilities with Acquisitions of Vivid Economics & Planetrics, Walmart Shifts to Paper Packaging for Online Orders, S&P Global Appoints Chris Heusler as President of ESG-Focused Unit Sustainable1, Absolut Launches Paper-Based Bottle Trial in UK Supermarkets, Grupo Bimbo Issues $850 Million Bond with Interest Tied to Scope 3 Emissions Goals, SMBC Invests $10 Million in Circular Plastics Solutions Fund, Insurers Exit Net Zero Insurance Alliance as U.S. site you are consenting to these choices. The financial impact of climate change is significant, and stakeholders need the latest intelligence on physical and transition climate risks to re-allocate capital and transform portfolios.. Vassar College. March 5, 2021. We are looking forward to combining our collective experience, technology, and our analytical and creative thinking in the pursuit of tackling such critical global challenges., We are proud to be joining McKinsey to help clients create a sustainable future, adds Robin Smale, Director and Co-Founder of Vivid Economics. Our acquisition of Vivid Economics, a strategic economics consultancy with broad sustainability and macroeconomic capabilities, and Planetrics, a climate analytics suite that helps quantify, report, and manage climate risks, will help our clients navigate the urgent implications of climate change and transform towards net-zero carbon emissions. McKinsey Senior Partner Dickon Pinner, said: While progress has been made, the majority of stakeholders are unprepared for the physical and financial impact to their businesses and to society. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Claim your profile to get in front of buyers, investors, and analysts. (select all that apply): Which areas are you interested in? privacypolicy. Stay updated about McKinsey news as it happens, While progress has been made, the majority of stakeholders are unprepared for the physical and financial impact to their businesses and to society, says McKinsey senior partner, research and analysis of climate change and sustainability. 633 followers 500+ connections. Vivid Economics was founded in 2006 to advise firms on sustainability topics including industrial transformation and natural resources. What is Vivid Economics's latest funding round? Vivid Economics and Planetrics will bring expertise, analytics, and experience to our firm, helping clients assess climate and nature-related risk; develop environmentally and socially sustainable strategies; navigate large structural economic shifts; and create value through sustainable transformations. A +. I hold an MSc in Environment and Development from the London School of Economics and an MSc in Economics from Tilburg University. Join to view profile Vivid Economics. Robin Smale, Director and Co-Founder of Vivid Economics, added: We are proud to be joining McKinsey to help clients create a sustainable future. The. Visit Vivid Economics Client Impact Analyzing global land use and food-production scenarios We provided an in-depth analysis that showcased the economic costs associated with pathways to protect and restore nature while providing food for a growing human population. McKinsey acquires Vivid Economics and Planetrics to help clients navigate climate change, Climate risk and response: Physical hazards and socioeconomic impacts. On March 5th, 2021, Vivid Economics was acquired by McKinsey & Company. Vivid Economics is a strategic economics consultancy firm with broad sustainability and macroeconomic capabilities. We also developed the climate risk target operating model and stress tested 8 key portfolios. Vivid Economics and Planetrics will bring expertise, analytics, and experience to our firm, helping clients assess climate and nature-related risk; develop environmentally and socially sustainable strategies; navigate large structural economic shifts; and create value through sustainable transformations. But preparing for such dramatic change is not easy and requires deep expertise and powerful analytics. Assessing voluntary market viability for a bioenergy carbon capture and storage project. By using Vivid Economics Voluntary Carbon Market Model, which provides a range of estimates for future supply, demand and average prices for carbon credits, we projected average carbon credit prices up to 2030 and supported the results with additional analysis on market segmentation that could enable the project to attract a premium over average market prices. You can read more about your cookie choices at our privacy policyhere. | Learn more about Ilse Huppertz's work experience, education, connections & more by visiting their profile on LinkedIn My focus areas are sustainable agriculture, nature, and carbon markets. Investors of Vivid Economics include McKinsey & Company. Adam N. Analyst at Vivid Economics by McKinsey Washington, District of Columbia, United States 1K followers 500+ connections Join to view profile McKinsey & Company Universit Bocconi. What topics are you interested in? March 4, 2021Climate change is impacting businesses and societies around the world, making climate risk and sustainability a top priority for organizations in all industries. In addition to our ongoing research and analysis of climate change and sustainability, we have been regularly convening top business leaders, scientists, government officials, and other influencers in an effort to translate knowledge into action. For more information and to stay informed on our latest research and insights on these topics, please visit McKinsey Sustainability and McKinsey Risk & Resilience . The findings were recognized in the, Accelerating climate journey for a global bank. Learn how we work with private- and public-sector institutions on challenges created by growing pressure on resource systems and increasing environmental risk. The financial impact of climate change is significant, and stakeholders need the latest intelligence on physical and transition climate risks to re-allocate capital and transform portfolios.. The Vivid Economics team at a company event (taken before the COVID-19 outbreak). This acquisition will enable us to help clients across all sectors and geographies transform themselves to successfully navigate the risks and opportunities presented by the economy-wide transition to a more sustainable future., Vivid Economics and Planetrics are a passionate group of people, Dickon adds, and together we share a common desire to positively impact business and society.. Skip to: top navigation | main navigation | main content. McKinsey acquired Vivid Economics in March 2021. But preparing for such dramatic change is not easy and requires deep expertise and powerful analytics. (select all that apply): I'm interested in (select all that apply): See what else this community has to offer, 2 articles of your choice to read for free every month from our Environment Analyst Global website, Free webinars and other exclusive content, Notifications regarding conferences and training, Newsletters with the latest market developments. I am an analyst at Vivid Economics by McKinsey & Company. Mark Segal March 4, 2021 Never miss the latest breaking ESG investment news. Vivid Economics and Planetrics are a passionate group of people, Dickon adds, and together we share a common desire to positively impact business and society. The terms of the transaction were not disclosed. By continuing to use this site you are consenting to these choices. The financial impact of climate change is significant, and stakeholders need the latest intelligence on physical and transition climate risks to re-allocate capital and transform portfolios. The addition of Vivid Economics will accelerate our existing Sustainability and Risk & Resilience capabilities and talent, while the Planetrics suite will help our clients generate detailed company and business models that depict the impact of decarbonization and other moves related to climate risk.
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