We asked CEOs across all industries what they saw as the biggest threat to growth over the next three years. And, for the first time in the history of the KPMG Global CEO Outlook, they identified environmental and climate change as the top risk.
Energy companies face their own significant operational and financial risk from climate change. At the same time, they have an opportunity to be global leaders in lowering carbon emissions.
To help themselves and their customers alike, the industry is developing an energy mix that balances the ongoing role of fossil fuels with new renewable and alternative sources. In fact, seventy-three percent of energy CEOs surveyed said their organization’s growth will depend on their ability to successfully navigate the shift to a low-carbon economy.
Therefore, it’s no surprise that 80 percent of energy CEOs said they are personally leading their organization’s technology strategy. A majority also said they are increasing capital investments in technology to improve resiliency and focusing on upskilling their workforces for digital capabilities.
Additionally, energy CEOs recognize the importance of being able to anticipate and quickly react to disruption, with 60 percent who said they believe agility is the new currency of business.
Despite general concerns about the global economy, a very high 94 percent of energy CEOs said they are confident in their own business’s growth prospects over the next three years.
See below for more perspectives from energy CEOs and subject matter experts. We look forward to speaking with you about transforming your organization for a low-carbon future.
Regina Mayor, Global Sector Head and U.S. National Lead for KPMG’s Energy and Natural Resources practice, and Melody Meyer, President of Melody Meyer Energy, LLC, sat down to discuss findings from the 2019 KPMG Global CEO Outlook. Download the podcast.
Watch interviews and commentary from energy executives and thought leaders address how energy companies will play a leading role in helping the corporate world, and the world at large, address climate change.
Download our press release for more information about our KPMG Global CEO Outlook and how corporate leaders are looking to transition their organizations for a low-carbon future.
On November 6, 2019 KPMG will host a conference in Paris, France which will focuses on the impact of climate change on business strategy, the role of innovation, energy efficiency, and importantly, the role of finance in the decarbonization agenda. Visit home.kpmg.com/GETC to learn the details and to reserve your spot.
The KPMG Global Energy Institute (GEI) is a worldwide knowledge-sharing forum on current and emerging industry issues. Launched in 2007, the GEI interacts with its over 30,000 members through multiple media channels, including audio and video Webcasts, publications and white papers, podcasts, events, and quarterly newsletters. To become a member, visit www.kpmgglobalenergyinstitute.com.