ESG
The environmental, social, and governance (ESG) values and metrics represent a true change in how corporations are managed, measured, and operated. This change will continue to drive companies away from the framework of short-term profits toward success that is not anymore defined by profits, but also by a “sustainable” and measurable contribution to the betterment of society. It is a new approach and a new paradigm. ESG is not a profit-killer, and its implementation has the opposite effect.
The Paris Agreement has set a 2030 target to cut GHG emissions by 50 percent from 2005 levels. Reaching this goal requires stepped-up regulations and enforcement of environmental protection across a wide range of industries. Since then, Oil & Gas companies have made the fight against climate change and environmental justice foundational to their agenda.
Climate change is a real threat to the destabilization of global economies in years to come. Vast tracts of land could become unproductive due to shifts in temperatures. Coastal cities could become uninhabitable due to rising ocean tides. Therefore, the decrease in greenhouse gas (GHG) emissions is a sine qua non of our long-term economic prosperity.
Very often, the “E” in ESG is defined only by climate change caused by fossil fuel production and consumption, and the “S” is defined by diversity, equity, and inclusion programs. These definitions are too narrow, and “E” also includes a much broader range of considerations such as a company’s utilization of natural resources, including land and water use, and the effect of its operations on biodiversity and the environment, both in their direct operations but also across their supply chains.
Pollution and waste covers not just carbon emissions, but also packaging, other contaminants, and the depletion of limited natural resources. Investments in renewable resources represent a clear environmental opportunity, but not the exclusive one.
All our partners have made efforts to reduce and minimize their impact on the environment. Oil and Gas companies have implemented different ways to reduce their emissions. Here are some examples.
Reduction of carbon intensity
Accounting for carbon intensity is determinant to objectively valuing “low carbon” materials to reduce emissions in existing supply chains and deliver decarbonization.
Carbon capture and storage projects
Carbon capture and, especially, storage also offer petroleum producers a way to get new value from their existing assets.
Wind, Solar, and Hydrogen
Our partners have invested in renewable energy projects, and we are already seeing the electrification of industry, transportation, and construction while adding new sustainable fuel and hydrogen to industrial processes and transport.
OUR CAUSES
PLANET
We focuse on providing efficient, eco-friendly sourcing that minimize environmental impact and save resources, thereby increasing productivity.
HUMANITY
Safety is at the forefront of everything we do, aiming to protect and secure better futures.
INCLUSION
Our priority is establishing a setting based on trust and encouragement. We aim to foster an atmosphere where everyone has faith in their skills and can rely on assistance being available when required.
EXCELLENCE
Our dedicated team of experts excels in providing comprehensive guidance to our valued clients, helping them navigate complex market challenges, understand and comply with all relevant laws and regulations, and make informed decisions about their financial resources.
EDUCATION
Our company is dedicated to supporting projects and programs aimed at empowering the next generation with essential critical thinking and problem-solving abilities.
DISADVANTAGED PEOPLE
We support initiatives that ensure them access to safe and adequate housing.