Risk intelligence in the energy & resources industry
Enterprise risk management benchmark survey
In a changing world where energy and resource scarcity and climate change have become key themes, Energy & Resources companies face a myriad of new emerging risks. Resource scarcity, political instability, infrastructure obsolescence, potentially adverse weather events, green house gas emissions and risks related to disruptive technologies such as distributed electricity generation or oil extraction from oil sands are just a few of the perils faced by Energy & Resources companies.
The recent financial and economic crisis had also an impact on the Energy & Resources industry. Many companies in the industry experienced turbulent times, with still many challenges ahead for the near future
While some traditional risk management approaches may have served the industry well in the past, the scope, complexity and interdependencies of emerging risks are forcing many Energy & Resources companies to adopt comprehensive and integrated approaches.
Deloitte has recently launched an Energy & Resources Enterprise Risk Management Benchmark Survey for the Europe, Middle East and Africa (EMEA) region. The goal of the survey was to capture and report feedback on the current state of Enterprise Risk Management (ERM) implementation for a cross-section of organizations within the Energy & Resources industry. This report presents a compilation of the responses and develops profiles of the leading and prevailing ERM practices in the Energy & Resources industry.
Organizations were invited to participate in the survey through direct communication as representatives of selected sub-industries. Organizations participated by means of a completing the survey questionnaire complemented with face-to-face interviews.
There were 49 responses from Europe, the Middle East and Africa representing organizations active within the Electric Power & Utility, Oil & Gas, Water, and Metallurgy & Mining industries.
Download the report for more information.