As countries commit to reduce their carbon emissions and achieve net zero by 2050, the energy sector will need to radically change. The numbers are clear: Over 70% of existing greenhouse gas (GHG) emissions comes from the energy sector and about 80% of our primary energy sources are currently based on fossil fuel like coal, oil, and natural gas. The sustainability imperative and emphasis on ESG factors represent a reputational and financial risk to most existing players in the industry as well as opportunities for companies that are investing in low-carbon solutions.
In this half-day program, we will explore how the energy sector is changing including strategies employed by existing players to reduce their carbon footprint and seize opportunities in renewables, and policy instruments that are used to push firms to change their investment patterns towards green investments.
Within a highly interactive setting, this program will discuss how ESG and decarbonization mandates can affect energy companies as well as the impact of national policies and goals – including Malaysia’s aspiration to reach net zero by 2050 and Europe’s proposal of a carbon border tax. A case study discussion of Exxon versus activist hedge fund Engine No. 1 (the Reenergize Exxon campaign) will highlight institutional and individual investors’ concerns about legacy energy companies as the world transitions out of fossil fuel.
At the end of the program, participants will be able to:
- Explain how technical, political, and economic factors are changing the world’s energy mix;
- List policy instruments that governments are deploying to promote green investments and how they affect capital allocation;
- List some strategies palm oil companies can employ to mitigate their sustainability risks;
- List the main ESG concerns that investors have and how firms in the energy value chain are dealing with them;
- Identify some key issues and pitfalls especially in the transition journey that directors should be looking out for.
Who Should Attend?
- Directors of banks and insurance companies seeking to understand energy companies as part of their client risk assessment and for pricing purposes.
- Directors of energy companies
- Senior management of energy companies
- Anyone else who might find this program useful.