Kevin Russell

1 month ago | mckinsey.com | Kweilin Ellingrud |Kevin Russell

McKinsey Global Institute (MGI) found that as of 2020, about 61% of the global population were unable to pay for their basic daily needs and begin to save. Building on the work of development economists, we established the “empowerment line” to measure progress towards a world where everyone’s essential needs are met. Higher than the international poverty line, the empowerment line varies greatly from country to country.

Jan 8, 2025 | mckinsey.com | Kweilin Ellingrud |Marco Piccitto |Tilman Tacke |Kevin Russell

The cost-to-impact ratio compares the total costs of an initiative with the resulting empowerment benefits. Total cost borne by the company. For financial companies making loans, the cost is determined by the discount on the loan rate compared with a typical lending rate. For companies that are funding initiatives through capital or operational expenditures without expecting repayment, the full funding amount represents the cost. Total empowerment benefit accrued by beneficiaries.

Nov 7, 2024 | mckinsey.com | David Pralong |Kevin Russell

It’s easy to see the good economic news in North Carolina: above-average growth and below-average unemployment, strong inward investment, lots of new residents and a healthy business climate. But there are shadows, too. Not only is our median household income lower than the national average, but our poverty rate is higher; since 2008, inequality has ticked up too. To put it simply, when it comes to economic growth North Carolina could do better.

Oct 23, 2024 | mckinsey.com | Chris Bradley |Michael Chui |Kevin Russell |Kweilin Ellingrud

The research was led by Chris Bradley, McKinsey senior partner in the Sydney office and a director of the McKinsey Global Institute (MGI); Kweilin Ellingrud, an MGI director; Michael Birshan, a member of the MGI Council and a senior partner based in London; Michael Chui, a QuantumBlack senior fellow in the Bay Area office; and Kevin Russell, an MGI senior fellow based in the Charlotte office.

Aug 24, 2023 | mckinsey.com | Anu Madgavkar |Sven Smit |Mekala Krishnan |Kevin Russell

We build on scenarios from the Network for Greening the Financial System (NGFS), adjusting for baseline and accelerated growth. NGFS scenarios are frequently used in risk analysis, provide regional granularity, and include a holistic view of emissions. This analysis is performed for approximately 50 key low-emissions technologies and 12 regions, addressing 85 percent of global greenhouse gas emissions. In some cases, NGFS variables were downscaled for more granular quantification.