- Back to all Speakers
- Vinod Philip
The Glasgow COP26 meeting reaffirmed the global goal of net- zero emissions by 2050. Previously, investors, shareholders, and companies focused on environmental performance. Now, energy companies face increasing pressure to allocate more capital to energy transition investments. Simultaneously, institutional investors are focusing more on climate-related financial risks to investments, along with Environmental, Social, and Governance (ESG). The new balanced scorecard not only includes financial performance but also a clear understanding of transition risks and companies’ contributions to positive societal outcomes. Should ESG be at the center of every energy company’s business strategy? How are ESG factors influencing financial institutions’ behavior and how well are energy companies responding? How will the recent run-up in energy prices influence the move from hydrocarbons to low or zero carbon? What are the pros and cons of regulators defining and mandating climate-related disclosure requirements? Should there be unified and transparent ESG metrics and disclosures similar to financial disclosures?
Achieving our goals to lower carbon emissions will require advancements in technologies across the energy ecosystem. Increased access and usage of digital assets is essential to assist this goal. What are the existing digital tools readily available? How are companies applying these digital assets in their carbon management forecasts? Digital has successfully enabled adoption and deployment of technologies in many industries—where do we see digital’s greatest roles as an enabler in a low-carbon future and to which technology groups would we expect the biggest impact? Which low-carbon technologies do we anticipate having the largest impact on the path toward a net-zero future? Are there particular signposts we should look-out for? What are the key challenges in wide-spread adoption of emerging technologies and how can we accelerate deployment?