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Matt Stone


Helps CEOs, CFOs, and CSOs of leading institutions pivot their strategy and resource allocation around ESG, purpose, and sustainability

Working at the intersection of energy and natural resources, logistics and shipping, and finance, Matt helps companies navigate the energy transition and climate risk, and embed purpose and ESG across their business.

He leads our Shipping Decarbonization service line, including co-leading our knowledge partnership with the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping.

Matt also works extensively with CFOs across their agenda, including ESG investor relations, resource allocation, and working capital management. He convenes McKinsey's annual CFO Forum, a gathering of more than 100 CFOs from leading institutions.

Examples of Matt's recent client work include:

  • designing the green hydrogen and decarbonization strategies for a number of asset-intensive companies
  • assessing and quantifying the value-at-stake from ESG risks and opportunities across more than 15 countries for a top oil and gas company
  • designing the integrated fiscal management approach for the government of a resource-intensive economy
  • driving a multi-continent working-capital transformation program at a top mining company that resulted in over $2 billion in cash release
  • orchestrating the defense against a hostile takeover for an advanced manufacturing company
  • calibrating a computable general equilibrium (CGE) model to forecast trade flows over the next 25 years for a logistics company

During 2013 and 2014, Matt was the Ian Davis Fellow at the McKinsey Global Institute—our business and economics think tank—where he co-authored reports on the Indian and European economies. He is a 2007 Marshall Scholar.

Published work

Destination zero: An action plan for shipping CEOs,” McKinsey & Company, December 2022

Green corridors could lead the way to zero-carbon shipping. But how can they become a reality?,” McKinsey & Company, September 2022

Green corridors: A lane for zero-carbon shipping," McKinsey & Company, December 2021

Navigating global shipping’s way to carbon zero: An interview with Bo Cerup-Simonsen,” McKinsey & Company, April 2021

More than a mission statement: How the 5Ps embed purpose to deliver value,” McKinsey & Company, November 2020

Embedding purpose: fewer slogans, more action,” McKinsey & Company, August 2019

Make working capital work harder for you,” McKinsey & Company, January 2019

Brave New World? Container Transport in 2043, McKinsey & Company and TT Club, June 2018

Transforming the culture of managing working capital,” McKinsey on Finance, January 2018

Container shipping: the next 50 years,” McKinsey & Company, October 2017

Stress testing for nonfinancial companies,” McKinsey on Finance, June 2017

Risky business: UK plc assesses its viability,” McKinsey & Company, December 2016

A window of opportunity for Europe, McKinsey Global Institute, June 2015

Past experience

First Solar
Analyst II, global corporate development and strategy

CMX Caspian & Gulf Consultants
Senior analyst


St Antony’s College, University of Oxford
MSc, global governance and diplomacy

University of Dundee
MSc, energy studies

University of Arizona
BA, economics
BA, international studies