ERM Highlights from IHS CERAWeek 2015
14 May 2015
IHS Energy CERAWeek is one of the most influential energy conferences in the world with CEOs from many of the largest energy companies speaking. ERM is proud to have been the Sustainability Partner of the event for the past five years.
This year’s conference was unsurprisingly dominated by issues surrounding lower commodity prices and the implications for strategies, risks and opportunities. Broadly there was an acknowledgement this market adjustment is not a ‘blip’ and will impact all aspects of energy companies’, structure, strategy and tactics for the foreseeable future. As the world’s leading sustainability consultancy, it was reassuring to see sustainability on the agenda and CEOs recognizing sustainability, in its widest form, as a big issue irrespective of the current oil price. For example, more than any prior year, oil company CEOs were speaking to climate change as part of their fixed agenda.
Given that we have been helping many of the major companies in the energy sectors navigate the impacts of price drops on their operating models and strategies, we wanted to share ERM thought leadership around some of the issues we observed at the conference. ERM spoke about improving HSE performance in a cost and human capital constrained world, some of the more challenging issues impacting supply chains in utilities, as well as, how issues relating to air quality and in particular methane emissions are causing clients significant challenges.
This document is our top line view of some of the key themes, as well as highlights of some of the insights we contributed. While this is not meant to be an exhaustive summary, we hope it stimulates some thoughts, or reinforces some of your own thinking, which we would be happy to discuss with you.
Download ERM's Highlights from IHS CERAWeek 2015 (450Kb PDF)