Amid a world of economic uncertainty, geopolitical risks, and evolving technologies, CEOs in the Energy, Natural Resources, and Chemicals (ENRC) sectors are displaying surprising confidence.
The 2024 ENRC CEO Outlook reveals how industry leaders are balancing risks and opportunities to drive growth and innovation.
From inflation-proofing operations to integrating generative AI and prioritising ESG, this report offers valuable insights into how CEOs are steering their companies toward a future of resilience and sustainability. Download the report to explore these strategies and get a detailed look at the key trends shaping the ENRC sector in 2024 and beyond.
Key findings from our research
- 78%
of CEOs are confident in the economy’s growth over the next three years — similar to last year. - 2/3
Almost two thirds view Gen AI to be the top investment priority for their organisations. - 79%
believe AI won’t reduce jobs in their organisation.
- 93%
predict a full return to office over the next three years. - 35%
say that their greatest barrier to achieving net zero, or similar climate ambitions is the complexity of decarbonising supply chains.
What can leaders learn from the ENRC CEO Outlook?
Navigating global shifts in the boardroom
ENRC CEOs remain cautiously optimistic despite mounting geopolitical and economic risks. Geopolitical tensions pose the greatest risk, but leaders are focusing on agility and strategic foresight to navigate the future.
Economic outlook and business confidence
Confidence among ENRC CEOs remains high, with many planning strategic acquisitions and partnerships to fuel future growth.
Future landscape of ESG strategies
ESG remains a crucial agenda item, with ENRC CEOs taking proactive steps toward net zero and sustainability. The growing focus on ESG as a driver for capital allocation and partnerships marks a significant shift in business strategy.
Strategies for growth
With energy prices strong and demand high, ENRC CEOs are adjusting strategies to keep pace with market demands, showing a strong commitment to growth despite a complex risk environment.
Accelerating innovation and navigating generative AI
Generative AI is firmly on the CEO agenda, but leaders are taking a cautious and structured approach to avoid risks, while planning significant investment in AI-driven transformation.
As cyber risks evolve with the rise of AI, ENRC CEOs are prioritizing investment in security measures to safeguard operations.
Evolving workforce dynamics
Workforce dynamics are shifting, with CEOs balancing the integration of new technologies like AI with efforts to foster an in-office working culture.
For more, download the full report
Get in touch
If you have any queries related to the findings of the global 2024 Energy CEO Outlook or how these insights can be applied to your organisation, please don’t hesitate to contact our team below. We’d be delighted to hear from you.
Colm O'Neill
Partner, Global Head of Power and Utilities
KPMG in Ireland
Rodney Doyle
Managing Director
KPMG in Ireland
Des Sherwin
Director
KPMG in Ireland