The Risk Intelligent energy company
Weathering the storm of climate change
Climate change is creating significant uncertainty for energy companies. Given the highly interdependent nature of the risk, along with its global impact, an integrated approach to identifying the accompanying opportunities and managing the risks is needed.
Potential changes, such as reduced snow pack, extended summer heat waves, and drought, may change the operating patterns of physical assets.
The energy industry has always dealt with risk. However, when the scope, complexity and interdependency of risk factors increase, or when an emerging risk simultaneously presents significant opportunities, more comprehensive and integrated approaches are necessary. This whitepaper provides energy executives with insight into identifying their key climate change risks, discusses how an integrated Enterprise Risk Management approach helps manage these risks, and offers guidance on how to benefit from the implications of climate change.