Mounting risk prompts refocus on integrated energy risk management
Energy firms are facing heightened risk due to shifting geopolitics, climate change and the energy transition. As market, credit and enterprise risks ramp up, the need for improved integrated risk management is growing, say risk managers
Risk has risen enormously for energy firms in recent years. Geopolitical upheaval – from wars to trade tariffs – physical climate risk and the energy transition have sent market and credit risk rocketing and ramped up a range of enterprise risks.
As a result, risk managers are once again visiting the thorny question of how to integrate different risks, both physical and financial, into an overall framework that provides the best understanding of their collective impact.
“Risks exist in various
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