In the dynamic landscape of the energy industry, embracing Environmental, Social, and Governance (ESG) principles has become increasingly important. We will delve into the key drivers for ESG transparency and decarbonization, encompassing supply chain, financial markets, policy, and workforce. This presentation aims to equip the working group with a better understanding of the evolving ESG landscape in the context of the energy industry. We will start by demystifying ESG, shedding light on the core concepts and leading frameworks. We will explore the multifaceted drivers propelling the adoption of ESG across industries, including:
Supply Chain: Investigating the role of ESG in supply chain management, including the rising demand for greenhouse gas data. We will delve into supply chain decarbonization also known as insetting, a strategy focused on reducing carbon emissions directly within the supply chain, reducing the end product’s environmental footprint.
Financial Markets: Analyzing how ESG considerations are influencing investment, underwriting and insurance decisions
Policy: Highlighting recent developments in U.S. ESG disclosure requirements, such as the California climate disclosure bills and the pending U.S. SEC climate disclosure regulations
Workforce: Exploring the growing importance of ESG in attracting and retaining young talent