Increased pressure to improve ESG and sustainability; demand-side pressure is driven by the rise in energy consumption; energy supply chain will become a source of opportunity and risk.
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The year 2022 represents a critical inflection point in the way we think about energy and the global systems needed to find, produce, deliver and decarbonise it. Significant, era-defining events are happening all around us, all around the world, and all at a breakneck pace -- shaping both short- and long-term structural considerations around energy and sustainability, according to a new report from
This report (https://bit.ly/3Gdv2yk) captures what some of the largest leading energy firms in the world are thinking about and planning for as they look at the energy transition. As countries look to shore up domestic energy supply chains and meet increasing demand, the decisions companies make today will reverberate for years -- even decades -- into the future.
Forty-five percent of energy companies surveyed believe they will face increased pressure to improve on environmental, social, and governance (ESG) and sustainability metrics, as compared to 36% of companies from other sectors.
The entire supply chain will become a source of opportunity and risk. In fact, results from our annual global survey highlight that 49% of energy companies surveyed plan to conduct reviews of their supply chain and suppliers in the next 12 months in response to anticipated consumer activism.
This report (https://bit.ly/3POE5tZ) highlights the significant and mounting environmental pressures facing the industry, including the threat of regulatory action and assets becoming stranded before the end of their operational life; pressure from investors and reduced access to capital; and activists leveraging every available tool, from the courts through to the corporate governance system, to influence companies.
"The pressure to improve ESG now outstrips concerns about improving operating performance and increasing market share for energy companies," said
Methodology
The FTI Consulting Resilience Barometer® incorporates views from 4,100 decision-makers in large companies. Large companies are defined as an annual global turnover of >
Eighty percent of respondents are from
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