Global

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  • Industry: Energy & Natural Resources
  • Date: 12/4/2013

No paper chase: Transforming risk management at energy and natural resources companies 

Energy and natural resources (ENR) companies are challenged by an ever-growing array of threats and opportunities, including entering more remote regions, often in fragile countries, where the state is weak and the environment under threat, labor relations are fraught with tension, and public opinion is often hostile to ENR companies. But technology is creating immense opportunities to develop oil and gas fields, in previously unconquerable areas.
No paper chase
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In a worldwide survey of senior executives in the sector, we found that the management of these risks was not advancing as fast -- as the threats faced. Today’s complex business environment requires the CEO to take the lead by integrating the process of risk management into everyday business thinking.
 

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