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Sustainability has become one of the biggest concern for the industry, due to their need to maintain their reputation as well as their bottom line. On other hand the stock market is is rewarding those companies that include sustainability as one of their main strategies. This challenge is particularly important for Chemist and Oil&Gas companies. For example, chemical industry is under particular pressure because it is the foundation of sustainability in many other industries like agriculture and fertilizers, housing, plastics, and pharma.
A PWC survey revealed that 58 % of CEOs in the chemical industry are already planning investments in sustainability in the coming year, making it their top concern. A study run by the ARC at the end of 2020 (The sustainability future for Energy and Chemical, ARC Strategies, September 2020) is reporting that 90 % of global energy and chemical companies have sustainability initiatives in place (Figure 1).
