Full Title: Climate Change Resilience: A Framework for Decision Making
Author(s): Chevron Corporation
Publisher(s): Chevron Corporation
Publication Date: March 1, 2018
Full Text: Download Resource
Description (excerpt):
Chevron faces a broad array of risks, including market, operational, strategic, legal, regulatory, political and financial risks. We undertake an enterprisewide process to identify major risks to the company and ensure that appropriate mitigation plans are in place. As part of this process, we conduct an annual risk review with executive leadership and the Board of Directors.
Our company’s foundation is built on our values, which guide our actions to deliver results. We conduct our business in a socially and environmentally responsible manner, respecting the law and universal human rights, in order to benefit the communities where we work. Chevron’s strategic and business planning processes
bring together the company’s views on energy market conditions to guide decision making by executive leadership and facilitate discussion with the Board of Directors.
The energy demands of the world are greater today than at any other time in human history. Most published outlooks conclude that fossil fuel demand will continue to grow over the coming decades. As part of our strategic planning process, we use our proprietary models to forecast demand, energy mix, supply, commodity pricing and carbon prices—all of which include assumptions about future policy developments, such as those that may be implemented in support of the Paris Agreement.