An Earth Day Question: Is the Energy and Utility Industry Ready to Meet the Growing Demand for Climate-Risk Transparency?
The big picture: The Earth Day movement has been instrumental in evolving efforts to reduce greenhouse gas emissions (GHG) and other pollutants around the globe, resulting in increasing demands for a more transparent energy and utility (E&U) industry. What you should know: As part of the evolving Earth Day dynamic, federal agencies, states, and private […]
Sustainability Raises So Many Questions: Here’s an FAQ Guide
What: As regulatory and stakeholder expectations around sustainability continue to evolve on a near daily basis, Protiviti has created an online guide of frequently asked questions to help business leaders navigate this dynamic complexity. Why it matters: The FAQ Guide answers more than 80 commonly asked questions, from strategy and planning to data, governance and reporting. […]
Flash Report — Time to Act: What You Should Know About the SEC Climate Rules
What you should know: On March 6, 2024, the U.S. Securities and Exchange Commission (SEC) approved its long-awaited — and, for many, controversial — new rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors. The final version of this much-debated and discussed regulation in the U.S. will require SEC-listed companies to report on greenhouse […]
EU Extends Certain CSRD Adoption Timelines for Sector-Specific Standards and Non-EU Companies – But Read Between the Lines
What happened – The European Parliament and the European Council have reached agreement on a proposal to delay certain adoption timelines of the Corporate Sustainability Reporting Directive (CSRD). The provisional agreement now only needs to be endorsed and formally adopted. Why it happened – Last September, EU Commission President Ursula von der Leyen pledged to […]
ESG Data Management and Reporting Are the CFO’s Responsibility — Period
In a global survey of CFOs and finance leaders conducted by Protiviti, ESG metrics and measurement stand out as the highest priority for the finance organization to address over the next 12 months. Make no mistake: The new era of ESG data management and reporting is ultimately about risk management. Mitigating myriad risks that can […]
AI Is a Double-Edged Sword of Business Opportunity and Cybersecurity Risk for E&U Industry
The challenge: Companies in the energy and utilities (E&U) industry are moving fast to adopt artificial intelligence (AI), including generative AI, to increase their competitive edge. But while AI can help these firms to drive innovation, boost profitability and reduce certain risks, it also increases their exposure to cyber threats. Why it matters: Cybersecurity risk […]
