McKinsey & Company
Climate Impact & Sustainability Data (2018)
Reporting Period: 2018
Environmental Metrics
Total Carbon Emissions:15 Gton CO2e/year (2014)
ESG Focus Areas
- Climate Change
Climate Goals & Targets
Environmental Challenges
- Industrial sector emits about 28 percent of global greenhouse gas (GHG) emissions.
- Decarbonized production processes are currently not cost competitive with conventional production technology in many cases.
- Long time horizons involved in building or retrofitting industrial sites.
Mitigation Strategies
- Provides a menu of options for decarbonization, along with ideas for how to prioritize and pursue them.
- Describes the industrial sector’s role in the climate challenge and explains how a range of innovative technologies and processes could cut CO2 emissions.
- Assesses the (industrial) investments and changes to the energy system that are required to decarbonize these industrial processes.
- Recommends how executives and policy makers can position themselves as industrial decarbonization progresses.