We are all dependent on energy. It powers our homes, hospitals, factories, and server centres, and keeps global supply chains operating. Downtime to such critical infrastructure is not an option. Systems and processes must be robust and resilient to handle potential threats, which can come in the form of a cyber attack, depleted energy stocks, extreme weather conditions, and many other things.
Simultaneously, the energy industry is faced with enormous challenges that bring with them inherent opportunities and vulnerabilities. These include:
- Digital transformation – overhauling complex, legacy systems and developing cybersecurity capabilities
- Implementing the transition to renewable energy
- Meeting ever-stricter regulatory and reporting requirements
Getting the balance right between proactive and reactive actions is key for small and large actors. A central part of this is having a dynamic resilience strategy in place that builds capabilities and mitigates unnecessary risks.
A Standards-based approach to resilience
At 4C, we support local, national and international energy and utility companies through our integrated organisational resilience program. Based on ISO 22301 and ISO 31000 standards, our models, methodologies and best practices are designed to identify resilience gaps and develop organisational capabilities in a constant cycle of improvement to meet the risk appetite of a company.
Some of our recent projects in the energy sector
- Calculating national emergency stock requirements and developing a country-wide resilience program.
- Organisation-wide dependency mapping.
- Introduction and implementing ISO standards for a new approach to resilience
- Building Business Continuity Management capabilities at a thermal energy company to reduce vulnerabilities.
- Running cross-nation exercises to prepare teams for potential cyber attack
- Implementing risk, BCM and training measures at large fuel depots
Market-leading resilience management software
We run and manage many of our resilience projects using our Exonaut® software. This provides a structured and integrated approach to risk, business continuity, and incident management. Exonaut can be used to gain a comprehensive overview of risk exposure at organisational levels and across business areas.
Exonaut’s broad feature set supports the mapping of resilience dependencies and gap analyses, among other things, while advanced algorithms provide unique insights into resilience capabilities, including development goals moving forward. Intuitive reports and plans can be easily shared with senior management and other key stakeholders involved in a project.