2022-06-27-Bain-2022年全球能源和自然资源报告（EN）_96页_8mb

Global Energy and Natural Resources Report 2022 Summary

Core Content

The Global Energy and Natural Resources Report 2022 by Bain & Company provides an in-depth analysis of the current state and future direction of the energy and resource transition. It highlights the challenges and opportunities facing companies in the energy and natural resources (ENR) sectors, with a focus on innovation, sustainability, and strategic adaptation.

Main Themes

1. The Energy and Resource Transition Landscape

• The transition to a more sustainable future is underway, but it is marked by progress and challenges.
• Companies are increasingly focused on decarbonization, innovation, and economic value creation.
• The shift is not uniform across sectors, with some facing greater disruption than others.
• Net Promoter Score (NPS) and Founder's Mentality are key concepts used to assess company performance and strategic thinking.

2. Executive Perspectives

• Over 1,000 ENR executives were surveyed, revealing a global view of the sector.
• 28% of executives expect their companies to reduce carbon emissions by 2030.
• On average, the world is expected to reach net zero by 2057.
• 42% of executives believe the world will reach net zero by 2050, while 24% expect it to happen after 2070.
• 72% of oil and gas executives expect to have a new growth business by 2030 that will complement or replace their core business.

3. Investment Trends

• Companies are increasingly allocating capital to new growth businesses.
• 23% of capital is now directed toward new ventures, up from 16% in 2020.
• Fewer than 15% of capital investment decisions are based solely on economic grounds, indicating a growing emphasis on impact and innovation.
• North American companies are investing less in new growth areas compared to European and Asian peers due to policy uncertainty.

4. Key Technologies and Practices

• Seven key technologies and practices are expected to have a significant impact by 2030, including:
  • Energy storage
  • Renewables
  • Circularity in plastics
  • AI and digital technologies
  • Carbon capture, use, and storage (CCUS)
  • Low-carbon hydrogen
  • Bio-based products

5. Talent and Culture Challenges

• 45% of executives say they lack sufficient talent for new growth businesses.
• 50% of those expecting transformational change by 2030 face talent shortages.
• Diversity, equity, and inclusion (DEI) are seen as important for improving outcomes.
• Culture is identified as a major barrier, especially for companies not yet investing in Engine 2.

6. Strategic Capabilities for the Transition

• Companies are developing five essential strategic capabilities to navigate the transition:
  • Flexible and nimble strategies
  • Openness to M&A and partnerships
  • New perspectives on operations
  • Inflationary pricing
  • Sustainability and circularity

7. Engine 2: New Growth Businesses

• Engine 2 refers to new growth businesses that are critical to the future of the sector.
• Companies are categorized based on their investment approach:
  • Big bets: Aggressive investments aimed at market leadership.
  • Hedged or measured: Investments in future markets without major strategic focus.
  • Exploratory: Evaluating potential in new markets.
• Utilities are investing heavily in renewable power generation and distributed systems.
• Oil and gas companies are shifting toward renewables, hydrogen, and biofuels due to regulatory pressure and social expectations.

Key Findings

• Innovation and impact are now seen as equally important as economic performance.
• Decarbonization is a top priority, with most companies expecting to be "materially different" by 2030.
• Talent shortages and cultural resistance are significant hurdles in the transition.
• Partnerships and M&A are becoming more common as companies seek to mitigate risks and accelerate growth.
• Policy clarity is a major factor influencing investment decisions, with Europe leading in regulatory certainty.

Conclusion

The report underscores a cautiously optimistic outlook for the energy and resource transition. While challenges remain, particularly in policy uncertainty, talent acquisition, and cultural adaptation, the overall trend shows a strong commitment to innovation, sustainability, and economic transformation. Companies that are investing in new growth businesses are likely to be more resilient and competitive in the coming decades.