Energy Industry
Effectively Manage Compliance, Mitigate Cyber Risks, and Build Resilience
Energy Industry
Measure Your Program Outcomes
- 90%
compression in compliance management timelines
- 80%
reduction in third-party onboarding time
- 90%
improvement in time spent on audit review
Drive Innovation by Turning Risk into a Strategic Business Advantage
The energy industry is currently operating in a high-risk and vulnerable landscape shaped by price volatility, evolving demand, cyber risk, supply chain disruptions, sustainability concerns, and innovative trends. In addition, they need to comply with state and regional public service commissions as well as cross-industry regulations. To stay ahead, organizations need a cohesive approach to mitigate enterprise risks, ensure compliance to avoid fines, optimize audit efforts, and protect from cyber risks and threats. MetricStream governance, risk management, and compliance solutions for the energy industry enables organizations to adopt an integrated approach to operational and enterprise risks, build compliance processes, and effectively mitigate cyber and third-party risk.
How MetricStream Software Solutions Help You
Manage and Mitigate Cyber Risk
Take proactive measures to manage and mitigate cyber risks, ensure compliance, and build resilience. Build cyber resilience and ensure IT and cyber risk compliance with industry best practices and frameworks such as ISO 27001, NIST CSF, and NIST SP800-53. Leverage real-time identification, assessment and mitigation of cyber risks and third-party risks. Easily map policies to controls and perform compliance and control assessments. Effectively determine cyber risk exposure in monetary terms with cyber risk quantification.
Build Enterprise Resilience
Ensure timely visibility into risks and insights that can drive actionable results to finding new ways to deliver greater customer and investor value while also reducing operating costs. Enable energy companies to gain a real-time aggregated view of risk and streamline risk identification, assessment, aggregation, mitigation, and reporting across the enterprise. Effectively manage capabilities to support risk-aware decision making. Leverage powerful analytics and reporting tools to facilitate consistent and uniform risk assessments.
Measure and Track ESG Performance
Ensure your organization’s key metrics around carbon footprint and sustainability goals are effectively captured and analysed and increase the confidence and trust of investors, consumers, and regulators. MetricStream’s ESGRC software empowers organizations to define and manage ESG standards, frameworks, and disclosure requirements. Easily link standards to organizational entities, key metrics and automate the collection and aggregation of data, with real-time analytics and dashboards.
Track and Manage Third-Party Risk Exposure
Effectively manage the risk associated with third-party vendors and suppliers. Manage, monitor, and track multiple stages of your third-party relationships. MetricStream Third-Party Risk Management software provides organizations with visibility into third-party risks and protects against disruptions and vulnerabilities. Effectively manage third-party risks by simplifying the due diligence processes across the third-party lifecycle. Use reports and analytics to dive deeper into third-party risk, compliance, and performance.
How MetricStream Benefits Your Business
- Gain real-time visibility across cyber risks and threat exposures through risk quantification and contextual risk information from across the enterprise
- Establish a strong risk management program with data governance and reporting to support informed decision-making with real-time monitoring of risks, controls, and losses
- Deliver comprehensive metrics on the organization’s current ESG score and strategize next steps
- Strengthen operational resilience with improved risk preparedness across internal and external business functions, operations, and third parties
Related Resources
Frequently Asked Questions
Energy companies operate in a high-risk environment shaped by price volatility, evolving demand, rising cyber threats, supply chain disruptions, sustainability concerns, and the shift to renewables. They must also comply with state and regional public service commissions alongside cross-industry regulations, including NERC CIP, FERC reliability standards, and ISO standards. Managing these interdependent risks across IT, OT, and third-party ecosystems requires a connected, intelligent GRC approach.
MetricStream's Cyber GRC solution helps energy companies take proactive measures to manage and mitigate cyber threats across IT and OT environments. The solution enables real-time identification, assessment, and mitigation of cyber risks and third-party risks, and supports alignment with industry frameworks such as ISO 27001, NIST CSF, and NIST SP800-53. Organizations can also quantify cyber risk exposure in monetary terms, enabling more informed decisions about risk prioritization and investment.
MetricStream's Enterprise and Operational Risk Management solution provides energy operators with a real-time aggregated view of risk, streamlining risk identification, assessment, aggregation, mitigation, and reporting across the enterprise. Powerful analytics and reporting tools facilitate consistent and uniform risk assessments, helping organizations find new ways to deliver customer and investor value while reducing operating costs and strengthening risk-aware decision-making.
MetricStream's Third-Party Risk Management solution provides energy organizations with visibility into risks associated with third-party vendors and suppliers across the full relationship lifecycle. The platform simplifies due diligence processes, enables monitoring and tracking across multiple stages of third-party relationships, and uses advanced reports and analytics to provide deeper insight into third-party risk, compliance, and performance, protecting organizations against disruptions and vulnerabilities.
MetricStream's Regulatory Compliance solution helps energy organizations stay compliant with federal and state regulations across multiple geographies. It enables teams to proactively identify potential gaps by mapping policies to regulations, risks, and controls, and simplifies the compliance process by supporting regulatory change tracking, compliance assessments, control testing, policy management, case investigations, and regulatory engagements, reducing the time and effort spent on manual compliance tasks.
MetricStream's AI-first Connected GRC platform brings intelligence across the energy GRC lifecycle, from automated compliance assessments and continuous monitoring of IT and OT risks, to predictive insights that help operators detect and respond to emerging threats faster. AI capabilities reduce manual effort in audit review, third-party onboarding, and compliance management, enabling energy risk teams to focus on strategic decision-making rather than administrative tasks.
According to MetricStream customer responses and the GRC Journey Business Value Calculator, energy organizations using MetricStream have achieved a 90% compression in compliance management timelines, an 80% reduction in third-party onboarding time, and a 90% improvement in time spent on audit review. A global energy major also resolved risk and compliance issues 30% faster after implementing MetricStream solutions.
MetricStream addresses the convergence of IT and operational technology (OT) risk by providing integrated visibility across both environments. The solution enables energy companies to aggregate risk data from IT systems and OT infrastructure, assess cyber risks in the context of operational processes and assets, and ensure alignment with frameworks such as NERC CIP and NIST CSF, helping organizations reduce the risk of grid disruptions, pipeline intrusions, and critical asset failures.
MetricStream serves a broad range of energy sector organizations, including global energy majors, utilities operators, and renewable energy companies. Siemens Energy is among the organizations that have implemented MetricStream to advance their GRC journey, as recognized through the MetricStream GRC Journey Award program. MetricStream's platform is purpose-built for regulated industries like energy, where compliance, cyber resilience, and operational risk management are all strategic priorities.
