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An ENRiching Outlook
BW Businessworld
|November 16, 2024
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
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THE KPMG 2024 Global ENRC (Energy, Natural Resources, and Chemicals) CEO Outlook report reveals that despite economic and geopolitical instability, ENRC CEOs are optimistic, buoyed by resilient energy prices and growing energy demand. They are focusing on growth through inorganic expansion and operational efficiency while tackling challenges like generative AI (Gen AI), which they see as both transformative and risky. Gen AI investments are significant but come with concerns about ethics, costs, and employee adaptation. Environmental, social, and governance (ESG) factors are central, with CEOs embedding ESG into business strategies to create value and meet rising reporting standards. Workforce dynamics are also evolving; CEOs prioritise in-office work, talent development, and diversity. Excerpts:
On What’s Driving The Confidence In The Sector:
This story is from the November 16, 2024 edition of BW Businessworld.
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