Industry outlook for the oil and gas industry 2018
5: The power of cleaner profits
Our research finds that commitments to sustainability are linked to the growth prospects of organizations in the oil and gas sector. Sustainability is a high or top priority for more respondents from companies that expect to meet their profit targets (64%) than from those that do not (35%). Successful businesses certainly have more resources to devote to sustainability. But might sustainability initiatives actually drive greater profitability?
In the report Confidence and Control, we show that this thesis has strong support. We discuss drivers of sustainability initiatives, revenue opportunities and the industry’s outlook on the increasing role of carbon capture and storage (CCS).