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In its fourth acquisition in 2021, McKinsey & Firm has closed a double swoop within the UK geared toward beefing up its sustainability and local weather change capabilities.
The acquisition of Vivid Economics provides a staff of round 130 consultants and employees to McKinsey within the UK, the Netherlands and the US, the most important majority of that are primarily based in London. Based in 2006 by Robin Smale and Cameron Hepburn with the goal of filling the hole between conventional economics and administration consultancies, Vivid Economics is a consultancy specialised in strategic advisory and financial coverage for sustainability matters.
The consulting firm helps shopper globally on, amongst others, market design, financial regulation, sustainable growth, internet zero transitions, renewable vitality, local weather resilience, carbon markets and transaction advisory.
McKinsey has additionally bought Planetrics, a subsidiary of Vivid Economics that gives information analytics providers and options for local weather change state of affairs planning within the monetary providers trade. London-based Planetrics has a staff of round 10 professionals.
“This acquisition will allow us to assist shoppers throughout all sectors and geographies remodel themselves to efficiently navigate the dangers and alternatives introduced by the economy-wide transition to a extra sustainable future,” mentioned Dickon Pinner, a senior accomplice at McKinsey & Company.
In keeping with analysis from McKinsey, whereas local weather change is impacting companies and societies around the globe, because of this more and more changing into a prime precedence for corporates and politicians, efficiently transitioning to a extra sustainable future is notoriously difficult. “It requires deep experience and highly effective analytics,” mentioned Pinner.
That is the place the becoming a member of of forces is available in. McKinsey’s is likely one of the globe’s prime strategic consulting corporations, advising CEOs and authorities leaders on navigating the implications of local weather change and the transformation in the direction of net-zero carbon emissions. The consulting agency additionally has a digital wing, which homes its superior analytics unit.
For Jason Eis, CEO of Vivid Economics and Chairman of Planetrics, this was one of many essential causes to affix McKinsey. “McKinsey has been a number one voice in sustainability and local weather change.”
In the meantime, Vivid Economics has over the previous fifteen years developed into one of many main gamers within the sustainability economics consulting area. “They may carry experience, analytics, and expertise to our agency, and speed up our current Sustainability and Threat & Resilience capabilities and expertise,” in line with McKinsey.
“Embedding local weather danger components into each sector has now change into an crucial. Collectively we share a standard need to positively impression enterprise and society,” concluded McKinsey senior accomplice Cindy Levy.
Offers by McKinsey
The UK deal is McKinsey’s fourth this yr, following two acquisitions down under that beefed up its digital follow, and a deal in the US that added a 150-strong cloud consultancy staff. The strikes sign a departure from McKinsey’s conventional development technique, which prefers natural development to bolt-ons. Between 2015 and 2020 McKinsey acquired less than ten firms.
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