ABSTRACT of Presentation

THIS REGULAR GENERAL MEETING LUNCHEON EVENT WILL BE HELD VIA WEBINAR AND IN-PERSON. TO REGISTER FOR THE IN-PERSON EVENT, PLEASE RETURN TO THE EVENTS PAGE TO FIND THE IN-PERSON LINK.

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This talk will review the principles of ESG, mention some of the underpinning successes and challenges to reach ESG ideals, and shed some light on building and defining an ESG scorecard to measure progress for the benefit of a company, its employees, and its investors and potential investors.

The oil and gas industry continues to evolve and reinvent itself; surviving a rapid succession of economic downturns, overcoming challenges brought by COVID-19, and finding its place among alternate energy sources. One subject that has been growing in urgency in recent years is ESG (Environmental, Social, Governance). Many employees are eager to contribute to the greater good as these three letters are becoming increasingly important to investors, customers and companies. Companies want to be more proactive and more responsible, to show the world who they are and who they aspire to be. Securing funds from investors historically depended upon demonstrating economic returns on investment using established and aligned financial metrics. With investors’ increasing focus on ESG, companies seeking investment funds now must lay out roadmaps for sustainably achieving ESG goals alongside their healthy balance sheet. But while financial metrics have had several decades of refinement to help investors determine a company’s viability, measurement of ESG stewardship and sustainability is at an embryonic stage and there is a lack of consistency.