The impacts of climate change and extreme weather have slipped from the top of the sector-wide risk register for utilities, according to the results of a landmark research report. They are replaced by cyber threats and the effects of slow or unclear policy development. Geopolitical tensions on the global stage have also heightened concern about supply chain vulnerabilities.
These insights are from the UK utilities risk report 2024, created by Utility Week in association with global professional services firm Marsh McLennan. The report includes a detailed account of the sentiments of industry leaders towards a range of major risks facing the sector over the next five to 10 years.
Other topics covered in the report include:
- Rising risks from misinformation
- Sector attitudes to a change of government
- Acute concern over skills attraction and retention
- And more…
Based on the results of an online survey of senior leaders at energy and water utilities, combined with a series of in-depth interviews, the third annual UK utilities risk report breaks down the top risks per sub-sector and across key categories including societal, digital and security, investment and skills, policy and regulatory risks, and environmental risks.
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