Investors want to know that energy companies are thinking about the appropriate ESG risks and opportunities, and incorporating those topics into the company's strategy. In this episode, Kevin O’Connell and Chuck Chang highlight those risks and opportunities and offer advice to help companies improve their ESG results.
We discuss the following questions:
0:36 - What are some broad trends in ESG?
1:43 - Why is ESG important to the energy sector?
3:11 - Why are investors voicing their concerns over ESG and what are they looking for?
5:09 - How mature are the sustainability practices in the energy sector?
7:01 - What advice do we have for companies to improve their ESG results?
Kevin O'Connell serves as PwC’s Trust and Transparency Solutions Clients and Markets Leader. A leading specialist in SOC 1, 2 and 3, and other third party assurance and internal controls reporting, he has over 25 years of experience providing services to our largest financial services clients designed to identify, assess, and manage complex risk and control issues across the enterprise – whether they are strategic, financial, systems, or operational in nature. Kevin also serves as the US Risk Assurance Asset & Wealth Management Sector Leader. Leading the growth agenda for the sector, he has created and launched an AWM business program resulting in the development of PwC’s professionals and consistent delivery of the highest quality service to our clients.
Chuck Chang is PwC’s ESG Energy Sector Leader with 30 years of experience, primarily auditing multinational energy companies. In addition to supermajors, his clients have included independent E&P companies, mid-stream companies and oil field service companies. He has applied learnings from his experience into the world of ESG and is leading PwC's ESG efforts in the energy industry.