Our oil and gas consultants work with clients in exploration and production, midstream operations, marketing, and equipment manufacturing.
Corporate leaders face growing expectations to build sustainability into their business model, incorporating clear environmental, social and governance (ESG) goals, particularly net-zero commitments and time frames for delivery.
However, leaders are challenged by various trade-offs: How can the organization carry out its sustainability agenda without impeding other strategic initiatives? How can management balance the competing demands of technological change, shifting customer preferences and ongoing regulatory developments?
Embracing sustainability in a business is a multifaceted challenge, raising questions along various dimensions, such as:
Setting the goals
Prioritizing sustainability issues
Targets and time frames (e.g., net-zero milestones, science-based targets)
Climate risks facing the business
Where to play
Emerging market risks and opportunities
Engaging across the value chain and broader ecosystem
Prioritizing investments
How to win
Implications for products and services
Stakeholder partnerships and collaboration to achieve goals
Impact on returns and customers’ willingness to pay
How to configure
Supply chains aligning with sustainability goals
New skills and capabilities required
Implications for the operating model and organizational design
At the heart of establishing a sustainable business is an appetite for change through ways of working, developing talent, embracing and leveraging new technology, and establishing new, agile operating models.
Early movers — those who drive to put sustainability at the center of their strategy — are creating commercial advantages.