Giulia Chierchia

bp p.l.c.

Executive vice president, strategy & sustainability

Giulia joined bp in April 2020 as Executive Vice President, Strategy & Sustainability. In her role, Giulia drives bp’s strategy and sustainability agenda. She has also oversight for the group’s ethics and compliance organisation. Prior to bp, she worked for McKinsey, where she was a senior partner. She led the global downstream oil and gas practice and was a key member of the chemicals and electricity, power and natural gas practices. She has more than 10 years’ experience in the energy sector, including helping companies shape their strategies for the energy transition. Giulia graduated from Bocconi University in Milan and holds an MBA from INSEAD. She is half Belgian, half Italian and grew up in London. She is also a mother of 2 children.

Sessions With Giulia Chierchia

Tuesday, 8 March

  • 03:35pm - 04:15pm (CST) / 08/mar/2022 09:35 pm - 08/mar/2022 10:15 pm

    Company Strategies: From lower carbon to net-zero carbon

    Panel Hydrogen/Clean Tech & Power Finance & Investment/Trading & Risk Management/ESG

    The oil and gas industry remains at the center of the energy transition discussion, with growing attention from policymakers, capital markets, and the public. In response, the oil and gas industry has emphasized low-carbon strategies. Although most are implementing an energy transition strategy, there are significant differences in pace, portfolio choices, and scale. Stated targets and strategies for Scopes 1, 2, or 3, raise concerns from the industry, governments, and capital markets. Capital reallocation away from traditional oil and gas business has potential implications for energy security, supply, and prices. While investors demand transition progress, recent share price performance does not indicate correlation between low-carbon strategies and investor interest. How can the oil and gas sector participate in—and contribute to—the energy transition? What do low-carbon strategies look like for oil and gas companies, and how are companies allocating capital? Amid the recent rise in commodity prices, will companies change course and reemphasize oil and gas in their portfolios? Could underinvestment in oil and gas delay transition to a net-zero economy by constraining supplies/raising prices of necessary materials?