IRM Energy and Renewables

As Chair of the Energy Special Interest Group for the IRM, Alexander Larsen was asked to provide an overview of the role of risk management within the Energy sector in the current climate.

  • Risk management is a part of every aspect within the Energy industry; operations, production, safety or related to projects and decision making, schedules and budget.
  • From a strategic point of view for the Energy sector, there is a consideration for entering the renewables market. Is this the right move?
  • Entering into the renewable market may result from buying another organisation or merging. Need to consider whether the organisations are compatible with their business models and ensure the right investments and technology.
  • Risk Management is a key part to all these strategic decisions. Therefore, it’s important that sufficient training is provided, not just to Risk Managers but the board, executives and all key decision makers.

The IRM offer courses to all levels of an organisation and training is put together by risk practitioners and industry experts.

With the devastating effect of Covid-19, organisations and economies are suffering more than ever around the world. Risk Management plays a vital role in creating agile resilient organisations and now is the time to think about the future.

  • What can we do to prepare for another pandemic?
  • How will we cope with another lockdown?
  • How can we support our employees and customers?

To be prepared for any incident and make risk-based decisions, an effective risk and resilient framework is key. Organisations must assess emerging risks and face a post Covid world where more technology and less face to face interaction will become the new business norm.

If you are in the Energy Industry and have an interest in Risk Management, please join the Energy Special Interest Group at: www.theirm.org/join-our-community/special-interest-groups/energy-and-renewables/

You can find this video and many others on our Youtube Channel: www.youtube.com/c/riskguide

For more information on training provided by the IRM please visit https://theirm.org/training/

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