Environmental, Social and Governance (ESG) - Benefits and Challenges
While the mainstreaming of ESG is a welcome development with a significant potential for long-term value creation, the terminology and practices with ESG implementation – “operationalizing ESG” - vary considerably.
While the mainstreaming of ESG is a welcome development with a significant potential for long-term value creation, the terminology and practices with ESG implementation – “operationalizing ESG” - vary considerably.
ESG Benefits and Challenges
Environmental, Social and Governance (ESG) influence continues to grow.
Despite the severe impact of the coronavirus on the global economy, the influence of environmental, social and corporate governance (ESG) issues on investor decision-making continues to grow.
Despite the severe impact of the coronavirus on the global economy, the influence of environmental, social and corporate governance (ESG) issues on investor decision-making continues to grow, according to the EBRD.
Source: ANEVIS
For more information: https://www.ebrd.com/news/2021/esg-importance-continues-rise-in-investors-weighting-despite-covid19-pandemic.html
We can help you manage your ESG risks. For support, contact us at solutions@hseinternational.com
ESIA Guidelines for the Oil and Gas Sector
The ESIA Oil & Gas Guidelines describe a best practice for undertaking an Environmental and Social Impact Assessment, and contains a compendium of anticipated Environmental / Social / Health & Safety risks and hazards, as well as associated best practice / good international industry practices for mitigation and management.
HSE International, LLC, together with Trusted Partners Africa and Cardno International Development, delivered the ESIA Guidelines for the Kenyan Oil & Gas Upstream, Midstream and Downstream Sectors.
The Guidelines describe a best practice for undertaking an Environmental and Social Impact Assessment, and contains a compendium of anticipated Environmental / Social / Health & Safety risks and hazards, as well as associated best practice / good international industry practices for mitigation and management.
The document includes:
Onshore & Offshore Exploration Seismic Surveys
Onshore & Offshore Exploration and Appraisal Drilling
Onshore & Offshore Development and Production Operations
Onshore & Offshore Transportation
Downstream Oil and Gas Products Storage & Pipelines
Downstream Refining
Onshore & Offshore - Upstream, Midstream Decommissioning and Rehabilitation
The project was funded by the World Bank through Kenya Petroleum Technical Assistance Project (KEPTAP).
EP4 – What’s new
EP-4 renews focus on climate change, human rights, and Indigenous Peoples.
The Equator Principles (EP) is a risk management framework, adopted by several financial institutions since 2003, for determining, assessing and managing environmental and social risk in project finance.
EP4 is the latest update of the framework. EP4 applies to a broader range of financial products, reduces inconsistencies between “developed” and “developing” countries, and renews focus on climate change, human rights, and Indigenous Peoples.
More at https://lnkd.in/eRi6hX9
Operationalizing Sustainable Development
Integrating good international industry practices to protect the environment and provide a safe workplace, with capacity building to help create healthier, stronger, and more prosperous communities.
Often times O&G industry discussions on sustainable development topics are focused on strategy, policy, guidelines and other key high level statements, while often the biggest challenge for operators and service companies is implementing good international industry practices to achieve sustainable development.
HSE International LLC’s Managing Director Fernando Rodriguez, will moderate along with Mary Beth Snodgrass (Local Contenect LLC), the following Panel: Operationalizing Sustainable Development, during the SPE Symposium on Health, Safety, Environment, and Sustainability to be held 30 – 31 March in Mexico City, Mexico.
This panel will focus on operationalizing solutions to social, economic, environmental and security risks and impacts. Panelists will share stories of their successes as well as on-going challenges and how they are being addressed. With local and international experience structuring and implementing sustainable development practices, the panelists will discuss operationalizing sustainable development in Mexico at a pivotal time: at the beginning of the country's apertura and during a low oil price environment.
Speakers at this panel will include: Juan Carlos Belausteguigoitia with the Mexico Institute of Technology, Nayelli Garcia with Schlumberger, Mark Thorpe with Torex Gold, and Karla Torrez with Shell.
For more information http://www.spe.org/events/lahs/2016/pages/schedule/tech_program/thursday_techprogram.php