target audience: TECH SUPPLIER Publication date: Dec 2022 - Document type: IDC Survey - Doc Document number: # US49336123
Energy Transition Survey
This IDC Survey examines data from IDC's 2022 Oil and Gas Energy Transition Survey. The oil and gas industry is facing the most significant transformation relative to any other sector driven by the global energy transition. A hydrocarbon-producing industry seems the least likely to tackle the emissions and environmental challenges related to climate and energy transition; however, over 90% of companies in the oil and gas industry have already made declarations about their plans for net-zero targets, and many have already deployed capital to pursue an energy transition strategy. Global oil and gas firms across the long value chain are looking beyond maximizing profits and are incorporating environmental, social, and governance (ESG) metrics into corporate performance assessments.