Vivek Warrier comments on the risks and opportunities that come with ESG in the energy sector in Daily Oil Bulletin:
"Energy companies recognize both the risks and the opportunities that come with ESG. Companies in the energy space know they are being subject to disproportionate scrutiny in this regard and many have used this as an opportunity to demonstrate their ESG performance and better define and express their own corporate values. We’re seeing more and more sustainability reporting in the energy sector as companies work to embed ESG throughout their operations. This is critical because, at its core, ESG metrics are increasingly a means by which stakeholders measure overall corporate performance."
In late 2020 the Daily Oil Bulletin, in partnership with Bennett Jones, surveyed oil and gas industry executives and ESG professionals to understand the progress being made in integrating ESG into business operations, and what is needed to push ESG forward. This is part one in a five-part series that outlines the survey results.