From regular water shortages in California to a nitrogen crisis in the Netherlands, the deterioration of natural capital has had tangible consequences—and given rise to a reckoning within business and government. On this episode of The McKinsey Podcast, McKinsey partner Josh Katz and associate partner Caroline De Vit talk with global editorial director Lucia Rahilly about a recently published special report on natural capital: what it is, why it matters, and how Fortune 500 companies are moving now to create opportunities and mitigate rising risks.

After, K–12 teachers in the United States are leaving their jobs in unprecedented numbers. McKinsey partner Jake Bryant shares what teachers need to stay.

Theme music was composed, produced, and performed by Joy Ngiaw.

See www.mckinsey.com/privacy-policy for privacy information