In collaboration with BCG X, Woolworths Group has launched Refresh:Food—a pioneering profit-for-purpose business addressing food waste and insecurity in Australia. This innovative digital marketplace connects farmers, buyers, and food rescue organizations, aiming to reduce food waste by 15% and CO2e emissions by 10% within five years. The one million meals donated as of April 2024 are a testament to Refresh:Food. Woolworths and BCG X aim to continue to drive meaningful climate and societal impact while creating a sustainable and profitable business model. Learn more about how we're transforming the food industry for the better. Watch More: https://lnkd.in/eD9G9JSZ
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Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place. BCG Privacy Policy: https://www.bcg.com/about/privacy-policy.aspx
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Elyssa Back
Product Director, Social Impact & Sustainability at BCG (ex Wayfair | Amazon | Yale)
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Ramesh Padala
MD BCG Platinion, ex-CTO Reliance Retail | ex-Amazon | ex-Saavn | Investor Advisor Entrepreneur
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Arthi Rajesh
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Tawfik Hammoud
Chief Client Officer & Chair, Industry Practices at Boston Consulting Group; Chairman of the Board at BCG Digital Ventures
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Good luck to Sophie Oestergaard, an associate in our New York office and coxswain on the Danish National Rowing Team, who will be competing in Paris. Congratulations, Sophie! All of BCG will be cheering you on. 💚
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Some people are making such good use of AI that they save up to five hours in their working week. BCG X surveyed more than 13,000 employees—from executive suite leaders to frontline staff across 15 countries. They told us that using GenAI not only enables them to do more work but also to work smarter, enriching both their personal and professional lives. Read the full report to see how attitudes towards AI at work have changed within a year. (LINK) Let us know how you would use this extra time, both at work and beyond, in the poll and comments below. 👇
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Our Paris office goes for gold every day, and (though we’re a bit biased) we think it deserves a medal. Since 1973, this office has been the beating heart of innovation in France, serving major international leaders in consumer goods, finance, engineering, healthcare and telecommunications sectors. BCG France has also been recognized as one of the best employers by its employees. In 2023, BCG France was ranked in the Glassdoor Top 25 best employers and has been labeled Best Workplace Experience by Speak & Act. Swipe to take a look around, and then click here to learn more about current openings in our Paris office: https://on.bcg.com/3ycsRvg
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Collaboration can set the new standard in digital leadership. 🤝 With Bosch Digital, we helped to streamline their internal structure and enhance responsiveness to market demands. Ulrike Hetzel and Anja Unglaub elaborate on their digital op model journey. https://on.bcg.com/4fmddxV
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AI at work creates conflicting feelings. Workers can increasingly see that the benefits are real and significant, but they also worry that technology will one day eliminate their jobs. Up next, learn more about the BCG X study of 13,000 employees to understand how sentiments are shifting as GenAI moves from hype to putting the technology to work.
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Mandatory reporting on social and environmental issues is here to stay – and intelligent reporting strategies should be on every CEO’s agenda. BCG serves clients grappling with the challenges of sustainability reporting amid evolving disclosure regulations and standards, such as the Corporate Sustainability Reporting Directive (CSRD). Some companies take a ‘firefighting’ approach that affords limited opportunity for value creation. The strategic partnership between BCG and Workiva – the world's leading platform for assured integrated reporting – helps our clients adapt to evolving regulations while enabling a long-term view that drives enhanced ESG performance and competitive advantage. Tim Mohin, Partner & Director in Climate & Sustainability at BCG, and Abhay Krishna, Director of Value Management at Workiva, outline three critical points companies should consider in their sustainability reporting. Cooperation is Required: Finance, sustainability, legal and other departments need to collaborate as ESG topics are integrated into the financial reporting processes. New Tools: Automation is necessary for companies to efficiently create timely and reliable sustainability disclosures. Data Management: Data quality controls are essential for external assurance and require a centralized process. Preparing for this exercise requires a business transformation. The processes, capabilities, tools, and governance all must be evaluated and improved to meet the new requirements. Going forward, sustainability reporting must meet the same rigor as financial reporting.
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Denmark is introducing the world’s first tax on gas emissions from livestock. Other strategies to tackle greenhouse gases from cattle include: · Food additives · Vaccines to suppress methane-producing bacteria in a cow’s stomach · Selective breeding to produce livestock that expel less gas Find out more. ⬇️
These Strategies Will Help Reduce the Carbon Footprint of Farm Animals
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European leaders are keenly focused on cost—not just reducing it, but managing it strategically to fuel future growth. According to Jacopo Piccolo Brunelli, “Tackling cost more holistically through fundamental business practices—better governance, a certain level of technology and investment, and driving productivity—leads to greater change, deeper change, and more sustainable change if you can get it right.” The true challenge in cost transformation within the European market lies not merely in achieving initial savings but in ensuring these benefits endure over time. Read more from our interview with Jacopo: https://on.bcg.com/3yaIbZm
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The CrowdStrike outage that triggered a wave of IT chaos around the globe was a stark reminder that cybersecurity has vaulted to the very top of the CEO Agenda. When a public company suffers a serious cyber attack, the CEO is now expected to explain the details and implications—within days—to regulators, the investing public, and other stakeholders. Boards are on the hook for tougher oversight as well. Here’s how CEOs can lead their company’s cybersecurity strategy: https://lnkd.in/eVqeTKKp