McKinsey acquires Materials Economics with a focus on sustainability

McKinsey & Company has acquired Material Economics, small consultancy focusing on sustainability. The acquisition of Material Economics is part of a continued commitment to sustainability with the ambition of making Denmark and the Nordic region a Silicon Valley for the green transition.

McKinsey announced the acquisition after, during the last few years, sustainability grew to become one of the main activity areas for the company. With this buy, McKinsey Denmark / Nordics will become an important knowledge center for McKinsey’s global advice on sustainability.

Klaus Dallerup

The transition to a sustainable future is the biggest challenge of our time and has in recent years become a high priority issue for many, if not all, of our clients. Tasks related to sustainability are today one of our largest business areas, and we are now seeing how the transition is gaining momentum in large companies, in the financial sector, among investment companies and in start-ups. The conditions for jointly accelerating the work with sustainability for local and global clients based in the Nordic region have never been better

The acquisition is McKinsey’s third in sustainability sector this year, with the previous acquisitions being Planetrics and Vivid Economics. In 2022, more acquisitions are expected on a global basis. McKinsey expects to hire up to 100 sustainability experts.