Chevron ESG Leader Talks Finding Balance in ESG, Energy Transition

Plans for energy security and ESG must be balanced, Lisa Epifani, manager of ESG and sustainability for Chevron, said at Hart Energy’s Energy ESG Conference.

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For Chevron’s Epifani, she said she views ESG as a “long-term paradigm that’s always focused on constant improvement.” (Source: Hart Energy; Chevron logo sign by Sasima / Shutterstock.com)

DALLAS—Amid pressure to grow production to meet today’s oil and gas needs while focusing on emissions reduction targets and addressing ESG concerns, traditional oil companies like Chevron Corp. aim to find balance.

This comes as many companies move toward different business models, responding to evolving investor expectations and need to address climate change. For Lisa Epifani, manager of ESG and sustainability for Chevron Corp., companies can either replace oil molecules with electrons, shrink their footprints or remove carbon from the air.

“Some companies are choosing to shrink their business by replacing the oil molecule with electrons. That’s not what Chevron is pursuing,” she told a roomful of people gathered for Hart Energy’s Energy ESG Conference on April 27. “We believe that our assets, our capabilities and our partnerships are best focused on trying to reach reductions in the hard to abate sectors. So, we’re very focused on that reduce and remove part of the formula.”

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Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers energy with a focus on renewables.