Understand the Case
The commitment to ESG (Environmental, Social and Governance) is gaining traction among CEOs in Portugal. According to the KPMG CEO Outlook 2025, 77% of national leaders believe they have the resources and capacity to meet non-financial reporting requirements, aligning them with their companies’ strategic goals.
Additionally, 72% of Portuguese CEOs use artificial intelligence (AI) to improve the quality of sustainability data, identify resource efficiency opportunities, and increase energy efficiency. Almost half (48%) prioritize compliance standards and information reporting to meet investor and regulatory demands.
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90 billion barrels of oil, 1.669 trillion cubic feet of natural gas, and 84% of probable reserves in offshore areas are under the Arctic, and the melting ice that opens maritime routes and exposes this energy treasure is turning the North Pole into a strategic dispute between the USA, Russia, China, and Canada for oil, gas, navigation, and military power.
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IBS and CBS regulations change credit reimbursement and raise financial alert in the oil and gas industry
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China puts into operation the largest shallow lithology offshore field in the country, with 79 wells, heavy oil, and a production of 20,000 barrels per day.
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Petrobras announces an investment of R$ 2.8 billion in Amazonas to expand natural gas production in Urucu and modernize the river fleet, boosting energy, logistics, and the regional economy with new vessels adapted for operation in the Amazon.
Technologies and Sustainability
Strategic Use of AI
The study highlights that 77% of CEOs turn to AI to reduce emissions and enhance energy efficiency. According to Vitor Ribeirinho, senior partner/CEO of KPMG Portugal, “We are witnessing a maturity phase of ESG practices in Portugal. Companies are consolidating data infrastructures, value metrics, and robust governance.”
Challenge of Credibility
The current challenge is to ensure credibility, consistency, and measurable impact, Ribeirinho emphasizes, suggesting that technology needs to be applied strategically and transparently.
International Context
Globally, 61% of CEOs believe they can achieve carbon neutrality targets by 2030, according to the KPMG 2025 Global CEO Outlook. This figure represents a 10% increase compared to 2024. The trend shows that climate confidence is growing, supported by long-term strategies and technological investments.
However, 59% of global leaders express ethical concerns related to AI, while 52% recognize limitations in data preparedness. Additionally, 50% cite the lack of appropriate regulation, essential factors to ensure that technology supports sustainability responsibly.
Impacts and Trends
According to the study, Portuguese companies are increasingly integrating sustainability objectives into the core of their corporate strategies. This occurs while leveraging technological solutions to accelerate the sustainable transition. The consolidation of value metrics and reliable sustainability reporting is central to this process.
Moreover, the adoption of AI enables not only efficiency but also better monitoring of environmental impacts, demonstrating that ESG has moved from being just a concept to becoming an essential strategic practice.

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