PwC is strengthening its Energy, Utility and Resources team with the appointment of Syedul (Sid) Hussain as the new Chemical Sector Leader.
The Chemicals Sector continues to face a range of challenges relating to sustainability, economic and geopolitical shifts, new technologies and changing consumer demands, challenging companies’ bottom line and future profitability. It is also an energy-intensive sector, reliant on hydrocarbons for raw materials and, while many firms appreciate the need to innovate and change, many are unsure where to begin.
According to Sid, focussing on evolving environmental, social and governance (ESG) compliance demands could help companies to gain much needed market advantage with innovation and technology playing a vital role. PwC’s insight into the sector shows that ESG-related ratings and frameworks are increasingly playing a role in shaping their innovation portfolios among leading firms.
Sid Hussain, UK Chemical Sector Leader at PwC UK, said:
“We’re seeing a number of industrial and chemical companies going beyond their regulatory requirements, asking suppliers to come up with sustainable solutions to meet their own ambitious ESG targets and those of their end consumers.
“This trend will only accelerate as the focus on climate change, Net Zero and developing a more circular economy intensifies. Building an innovation ecosystem with businesses that offer complementary capabilities can help firms to drive their ESG strategies and boost their skills base, while accessing funding opportunities to drive investment could help mitigate costs and any uncertainties along this ESG transformation highway.”
Sid Hussain, is a partner in PwC’s North and Midlands Transaction Services team based in Manchester, and takes on this new leadership role within Drew Stevenson’s Energy Utilities and Resources team. Sid has over 23 years of deals experience across a range of industrial, infrastructure and chemical sectors and, with a degree in Chemistry from Nottingham University, this role ensures he has all the right ingredients to deliver insight and support to clients across the sector.
Quentin Cole, UK Head of Industries at PwC UK, said:
“I’m delighted to welcome Sid as our new Chemicals Sector Leader. He brings a wealth of experience and will play a vital role in supporting our clients make the crucial transition to Net Zero”
Sourced from PwC