As energy is a vital part of the global economy and modern lifestyles, people expect uninterrupted energy flows and access to energy sources. Numerous regulations have been introduced to create and secure a sustainable energy network, including the international standards and policies, which has become one of the most discussed challenges in the energy sector.
Strict regulations and legal, environmental, trading, and social compliance concerns are crucial parts of the energy sector’s agenda. Efficient management of compliance risks works as a change agent for accountability and creates business value. Therefore, energy companies need to formulate policies and embed ethical behavior in their daily practices that guide business conduct.
