What we do
Energy Transition
In ‘Energy Transition’, the potential technical, operational, economic, financial, and social challenges associated with the shift to a low-carbon economy will need to be understood for permanent progress to be achieved. These challenges are the ‘transition risks’ which must be managed and navigated by organisations.
Transition risks result from potential challenges and uncertainties that arise when an organisation undergoes significant changes, such as shifts in technology, regulations, market conditions, or business models and can impact an organisation’s operations, financial performance, and reputation.
It is important to realise that energy transition is ubiquitous; it is not a state that can suddenly be achieved. It requires permanent focus on targets, a continuous process with strong vigilance related to performance and understanding of the many risks which must be carefully managed to ensure progress.
Identifying and evaluating these risks is crucial for ensuring the resilience and success of an organisation. Managing transition risks must consider many factors in the complex environment such as: