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Commodity Price Risk / Scarcity of Materials
The global commodity market continues to suffer from wild mood swings following the pandemic.
Industry Overview
Natural Resources
Evolving to Meet Urgent Challenges and New Expectations
Mounting geopolitical and societal pressure to tackle climate change weighs heavily on the natural resources industry, impacting all facets of strategy. Across the industry, organizations seek technical advances to support our transition to carbon neutrality, all while competing fiercely to attract and retain the talent required to make breakthroughs possible. Meanwhile, traditional concerns, including cyber, operational, and reputational risks remain as pertinent as ever.
In this environment, companies must adopt holistic risk management and workforce frameworks that cover both physical and human assets, take into account expanding environmental, social and governance (ESG) expectations, and reflect the industry’s rapidly rising insurance needs.
At Aon, our teams have deep experience across all segments of the natural resources industry—including alternative energy, chemicals, distribution, mining, oil and gas, power generation, renewables, and utilities. We leverage our understanding of the unique risks you face to conduct risk assessments, implement novel risk transfer solutions, provide claims advocacy, deliver tailored insurance programs to address evolving environmental liabilities, manage supply chain disruptions, support regulatory compliance, and build dynamic and resilient workforces.
Top 5 Future Risks
Looking ahead to 2024, predicted risks for the natural resources industry include:
Cyber Labs
Stay in the loop on today's most pressing cyber security matters.
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Article 8 Min Read
Managing Cyber Risk through Return on Security Investment -
Article 27 Min Read
Top 5 Cyber Threats To Mergers and Acquisitions -
Article 12 Min Read
Mitigating Insider Threats: Your Worst Cyber Threats Could be Coming from Inside -
Article 17 Min Read
Why HR Leaders Must Help Drive Cyber Security Agenda -
Article 14 Min Read
Resisting Cyber Attacks Through Layered Security Systems
Environmental, Social and Governance Insights
Explore Aon's latest environmental social and governance (ESG) insights.
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Article 9 Min Read
ESG Data: How Businesses Can Use Data to Gain an Edge -
Article 12 Min Read
Why ESG Is Even More Important In A Crisis Like COVID-19
Insights for HR
Explore our hand-picked insights for human resources professionals.
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Article 9 Min Read
COVID-19 has Permanently Changed the Way We Think About Wellbeing -
Article 11 Min Read
DE&I in Benefits Plans: A Global Perspective -
Article 13 Min Read
How Data and Analytics Can Optimize HR Programs -
Article 17 Min Read
Why HR Leaders Must Help Drive Cyber Security Agenda -
Article 10 Min Read
Case Study: The LPGA Unlocks Talent Potential with Data -
Article 16 Min Read
Navigating the New EU Directive on Pay Transparency -
Article 14 Min Read
How to Design Better Talent Assessment to Promote DE&I -
Article 8 Min Read
Training and Transforming Managers for the Future of Work -
Article 10 Min Read
Rethinking Your Total Rewards Programs During Mergers and Acquisitions -
Article 21 Min Read
Building a Resilient Workforce That Steers Organizational Success | An Outlook Across Industries
Navigating Volatility
How do businesses navigate their way through new forms of volatility and make decisions that protect and grow their organizations?
More Insights
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Article 16 Min Read
Navigating the New EU Directive on Pay Transparency
In a move designed to close the gender pay gap, the European Commission is increasing pay transparency across member states. Prepare your firm now for potential implications and opportunities.
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Article 22 Min Read
Value-Led Approaches to Reduce Healthcare Costs in the U.S.
An alarming number of insured Americans still can’t afford healthcare treatment, but there are approaches employers can take to reduce costs and improve outcomes for employees and their families.
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Article 10 Min Read
Making Better Decisions on the Journey to Net-Zero
Aon’s Transition Performance Index is helping businesses around the world navigate their transition to a greener future with clarity and confidence, while unlocking the capital needed to accelerate efforts.
