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The path to net zero, family-owned businesses, public–private–philanthropic partnerships to address climate change, and more: The Daily Read weekender

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CURATED PICKS FOR YOUR DOWNTIME, FROM OUR EDITORS

Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities

World leaders have begun to convene this week at COP28, the UN's annual conference on climate change. As we head into the final month of the year, take some time to catch up on the week’s highlights on paving a successful path to net zero, how family-owned businesses can capitalize on their potential, middle managers, and more.

An image linking to the web page “The path to net zero: A guide to getting it right' on McKinsey.com.

A successful net-zero transition will require achieving four interdependent objectives: emissions reduction, affordability, reliability, and industrial competitiveness, write Humayun Tai, Daniel Pacthod, Sven Smit, Tomas Nauclér, and coauthors.

Follow 7 principles

An image linking to the web page “The secrets of outperforming family-owned businesses: How they create value—and how you can become one” on McKinsey.com.

Family-owned businesses account for more than 70 percent of global GDP. And those that combine four critical mindsets with five strategic actions have an opportunity to quadruple their value over the next five to ten years, according to Acha Leke and coauthors.

4 critical mindsets

An image linking to the web page “Rethinking the role of the middle manager” on McKinsey.com.

Companies need to uplift their much-maligned middle managers. Not merely a midpoint to the top, they are the true center of the organization. Find out more on the latest Five Fifty from McKinsey Quarterly.

Get your Five Fifty

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Insights to Impact, our weekly briefing on sustainable and inclusive growth, explores public–private–philanthropic partnerships to combat climate change, a new paradigm for a connected world, and more.

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QUOTE OF THE DAY

“What we’ve learned is that confidence is a choice and a mindset. It’s not about behavior but how you see yourself. We don’t all have to be performative and exude swagger to be confident.”

—Lisa Sun, founder and CEO of GRAVITAS, on changing the conversation around confidence in a recent Author Talks interview

chart of the day

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—Edited by Joyce Yoo, editor, New York

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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 12:06 - 1 Dec 2023

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The path to net zero, family-owned businesses, public–private–philanthropic partnerships to address climate change, and more: The Daily Read weekender

A successful net-zero transition will require achieving four interdependent objectives: emissions reduction, affordability, reliability, and industrial competitiveness, write Humayun Tai, Daniel Pacthod, Sven Smit, Tomas Nauclér, and coauthors.

Family-owned businesses account for more than 70 percent of global GDP. And those that combine four critical mindsets with five strategic actions have an opportunity to quadruple their value over the next five to ten years, according to Acha Leke and coauthors.

Companies need to uplift their much-maligned middle managers. Not merely a midpoint to the top, they are the true center of the organization. Find out more on the latest Five Fifty from McKinsey Quarterly.

Insights to Impact, our weekly briefing on sustainable and inclusive growth, explores public–private–philanthropic partnerships to combat climate change, a new paradigm for a connected world, and more.

“What we’ve learned is that confidence is a choice and a mindset. It’s not about behavior but how you see yourself. We don’t all have to be performative and exude swagger to be confident.”

What are the roles and responsibilities of a CFO?

Data Points: Your weekly quiz

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