Welcome to the Q2 2022 edition of the Energy & Utilities Newsletter.
This quarter we celebrated Earth Day and discussed the continuous effort by various companies to build upon Environmental, Social, and Governance (ESG) standards. Protiviti continued to evaluate and react to changes and vulnerabilities in cybersecurity in the industry.
Protiviti’s Tyler Chase and Bob Hirth facilitated an ESG webinar along with Shylesh (Shy) Muralidharan from Amazon Web Services (AWS). The webinar focused on shifts in ESG preferences and expectations of key stakeholders about climate change, diversity and inclusion and other sustainability issues ranked as a top priority in our recent summary of Executive Perspectives on Top Risks 2022 and 2031. Companies in the E&U industry face many challenges in order to succeed including, focus on emissions, energy and waste management, employee safety and access to capital. During this webinar, we will present how companies in the E&U industry have been impacted by ESG and provide updates on recent industry standards and trends.
Shy Muralidharan presented on CarbonLake, the decarbonization data solution built on AWS to accelerate measurement, monitoring, reporting and verification of decarbonization initiatives in a secure, compliant and auditable framework. Participants heard AWS’ experiences with customers struggling with challenges related to decarbonization measurement and understand better how CarbonLake’s purpose-built features and unique value propositions can enable their decarbonization journey better.
The following Flash Reports summarize recent U.S. Securities and Exchange Commission (SEC) proposed rules and amendments.
SEC Cybersecurity Disclosure Enhancements: They’re Coming, in One Form or Another | Read More
SEC Issues Proposed Rules for Enhancement and Standardization of Climate-Related Disclosures | Read More
Earth Day Is an Ideal Time for Energy and Utilities Companies to Set a Date for a Carbon Footprint Assessment
Earth Day is a reminder for businesses across industries that they have a significant responsibility to the communities they operate in to address carbon emissions in an effort to prevent further acceleration of climate change. As energy and carbon are tied so closely together, energy and utilities companies are under particular pressure to prioritize carbon emission reduction and demonstrate to their stakeholders, and the public at large, that they are making measurable commitments and progress on that front.
FAQs for Interpreting the PIPEDREAM Malware
In response to the U.S. government’s Joint Cybersecurity Advisory on APT Cyber Tools Targeting ICS/SCADA Devices, we have compiled a list of the most frequently asked questions we are receiving from clients and the strategies we are seeing pursued across the market. Protiviti is monitoring this event closely and will continue to update this blog post to reflect the most accurate information.
PODCAST: Understanding the ESG Ratings, Rankings and Metrics Landscape
One of the most challenging aspects of ESG for board members is understanding what’s become a complicated landscape of third-party organizations that rate and/or rank a company’s various ESG practices, as well as trying to learn, at least at a high level, about the many metrics and measurements that gauge ESG maturity.
Upcoming and On-Demand Webinars
Protiviti’s Ashley Grieco spoke at the NAPAC conference in Dallas, TX on May 19. During her session, Ashley discussed how Supply Chain Resilience Can Help Oil and Gas Companies Increase Sustainability, Growth and Performance. Some key takeaways from her session included the importance of resiliency and agility within supply chain and how that has evolved in recent years, components that make up a resilient supply chain, and how companies can use resilience as a catalyst for growth and improving top and bottom line performance of the organization. This includes taking advantage of opportunities that are being creating through ESG imperatives.
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