McKinsey & Company, Inc.

EU Legislative Interests

Clean Industrial Deal, European Green Deal, European Competitiveness Compass, Omnibus simplification, Digital Decade, AI Act, Critical Medicines Act, European Health Data Space, European Biotech Act, Pharmaceuticals Package, Single Market Strategy, Union of Skills, AI Cloud and Development Act, EU Data Union Strategy

Interests Represented

Promotes their own interests or the collective interests of their members

Member Of

Business for Nature, Global Reporting Initiative Standards, LEAF Coalition, Minority Supplier Development UK, National Minority Supplier Development Council, Natural Climate Solutions Alliance, RE100, Supply Nation, Sustainable Aviation Buyers Alliance, Task Force on Climate Related Financial Disclosure, UNHRC (LGBTQ+) Standards of Conduct for Business, UN Global Compact, UN HeforShe, UN Race to Zero campaign, UN Women's Empowerment Principles, WEConnect International, WEF IBC Stakeholder Capitalism Metrics, WEF Clean Skies for Tomorrow Coalition, Women's Business Enterprise National Council, World Business Council for Sustainable Development membership

Organisation Members

Before discussing these links and, in particular, their main differences, McKinsey & Company would like to point out that its wish to be listed in the Transparency Register, independently and in addition to the McKinsey Global Institute, is fully in line with the objective of increasing the openness and visibility of its activities in the democratic decision-making process of the European Union. This registration will enable European citizens, who are more familiar with the name McKinsey & Company than with the acronym MGI, to better visualise McKinsey & Company's impact on the development or recent implementation of action cycles and decision-making processes of the Union's institutions. Separate listings clarify the roles and activities of each entity and avoid confusion about the nature of their respective contributions to the EU decision-making process. This increases transparency and allows stakeholders and European citizens to better understand the different functions of MGI and McKinsey & Company. Historical difference McKinsey Global Institute (MGI) : - The McKinsey Global Institute is the business and economic research arm of McKinsey & Company, Inc. in the United States. Founded in 1990, MGI focuses on providing the evidence base for decision-making on critical business and economic issues for global companies and policymakers. - MGI conducts independent, evidence-based research on topics such as productivity, prosperity, global resources, human potential, global connectedness, and future technologies and markets. The results of its research are made publicly available free of charge. McKinsey & Company, Inc. : - Founded in 1926, McKinsey & Company is a strategy and management consulting firm that provides professional services to corporations, governments, and other organisations. Unlike MGI, which is an outward-looking think tank of the American branch, McKinsey & Company is not just one American office. It is made up of several interconnected offices, each with its own regional specificities, acting privately on behalf of their clients. McKinsey & Company's scope is broader than MGI's. Functional differences Nature of activities : - MGI: As a think tank and research institute, MGI focuses on producing independent, evidence-based research on economic and business issues. Its publications are aimed at a wide audience, including policymakers and businesses, and are made publicly available free of charge. - McKinsey & Company: As a consulting firm, McKinsey & Company provides tailored and confidential advice to its clients, which include businesses, governments and other organisations. Its activities are focused on improving the performance of its clients through tailored strategies. Editorial independence: - MGI: Although MGI benefits from the resources and expertise of McKinsey & Company, editorial decisions are made independently by its directors and partners. This ensures that MGI's research remains impartial and uninfluenced by McKinsey & Company's commercial interests. - McKinsey & Company: McKinsey & Company's consulting services are directly influenced by its clients' needs and objectives, which may include specific strategies and confidential recommendations. Publications and knowledge sharing: - MGI: MGI's research is published publicly and free of charge, contributing to an open and informed debate on global economic and business issues. - McKinsey & Company: McKinsey & Company's reports and analyses are generally reserved for its clients and are not shared publicly, reflecting the confidential nature of its consulting services. Impact on Public Policy: - MGI: As a think tank, MGI plays a role in influencing public policy by providing factual data and analysis that can be used by all to shape economic and trade policy. - McKinsey & Company: Although McKinsey & Company can also influence public policy by advising governments, its main role is to provide specific and practical solutions to its clients on a wider range of issues than the purely socio-economic. In view of the significant differences described above, the inclusion of McKinsey & Company in the Transparency Register in addition to MGI is fully justified. This will allow the specific interests of each company to be better represented and will improve transparency and understanding of their respective roles in the European Union's decision-making process".