McKinsey & Company alone has committed to helping thousands of BIPOC get green jobs.
In the fallout from the Supreme Court’s ruling to end affirmative action, a lot of American BIPOC expressed concern about whether they would be unfairly overlooked for job hires, promotions, and more. Even though the ruling specifically applied to university admissions, some businesses took it as a sign to rethink their approach to diversity, equity, and inclusion goals on the whole.
This posed a concern for fields like sustainability and renewable energy, which already have a lower percentage of involvement from visible minorities and other underrepresented groups.
McKinsey & Company is helping to put those concerns at ease, however.
Renewable Energy Growth is Powering Ahead
Just recently, McKinsey & Co. published its 2022 ESG (environmental, social, and governance) report. In that report, it gave details about how it’s working with dozens of clients to help create upwards of one million green jobs every single year.
This is a huge figure considering the US government alone aims to create around nine million clean energy jobs by 2030 with its recently passed Inflation Reduction Act (IRA). And McKinsey knows it.
The global firm acknowledged, “Our clients contribute 20% to global GDP growth, create one million jobs per year and make up 80% of reported CO2 emissions reductions...
“Last year, our Leap by McKinsey colleagues helped our clients build nearly 200 new businesses — creating more than 20,000 jobs and $140 billion in value..."
“While we are excited by this, we are even more motivated by it.”
Social Responsibility Means More Green Jobs for BIPOC
The even better news for working Americans is that McKinsey & Co. has expressed a commitment to helping underrepresented groups get more jobs in the green economy.
In an effort to “fuel economic growth and prosperity for all, through more than 5,000 annual growth engagements” McKinsey said it spent the last year “engaging more than 67,000 Black, Asian, Hispanic and Latino professionals in our Connected Leaders Academy.”
But this wasn’t just lip service; McKinsey also explicitly hired more BIPOC among its own ranks. Its report detailed how it “diversif[ied] our firm’s own recruiting, adding more than 1,000 new sources of talent in 2022.”
Even further, the firm “published 30 insight pieces through the newly established McKinsey Institute for Black Economic Mobility.”
This is already a huge win for diversity in the sustainable energy field, and it won’t stop there. McKinsey & Co. also announced billions of dollars worth of investments into social responsibility efforts by 2030, meaning even more BIPOC can expect to have opportunities to enter this lucrative, developing sector in the future.