ESG programs for energy and natural resources (E&NR)
In today’s world, environmental, social, and governance (ESG) is a core pillar of value creation for businesses. Due to an evolving set of expectations from stakeholders, changes in current environmental regulation, and the pending implementation of integrated audit standards (financial and non-financial information) for publicly-traded companies, a holistic approach to ESG is no longer a discussion for E&NR entities—it’s a necessity.
The environment and community engagement have long been table stakes for E&NR entities. A robust ESG initiative, however, will go further to encompass other ESG programs including greenhouse gas (GHG) emissions measurement and reduction strategies under the environmental (E), and equity, inclusion, and diversity imperatives under the social (S).
If energy and natural resources companies want to maintain access to capital markets and be positioned for long-term success, investing in an ESG program is essential.
ESG issues specific to E&NR
Every industry has different driving forces behind the development of ESG Programs. The following issues are material to the E&NR sector:
Benefits of investing in ESG programs for energy and natural resource companies:
