Identifying the risks that matter most today and in a new energy world
The power and utilities (P&U) sector is transforming toward a future state that will be cleaner, more decentralized and increasingly digital. How utilities succeed in making this transition will depend on how effectively they
manage their most important risks. But it will take a truly enterprise-wide effort to build an integrated, agile and resilient risk operating model that is fit for the 21st century challenges of the P&U sector.
An essential first step on this journey is to advance strategic thinking around the internal and external drivers of disruption and change across the enterprise. This is the goal of our Risk Pulse Survey, which captures insights
from leading P&U executives worldwide on the risks that are most important to them and the strategies they are implementing to respond to those risks. The Risk Pulse Survey also assesses the effectiveness of these strategies in managing disruption across strategic, operational, financial and compliance risk categories as we transition to
a future energy world.
Managing the most important risks will enable the future utility
These risks, among others, are only expected to
become increasingly important. Responding to strategic risks will be critical in order for utilities
to develop new and innovative business models to succeed. Improving agility and resilience to
manage operational risks from catastrophic events will be necessary, as the frequency of such events is expected to increase.