Energy ESG: Do’s and Don’ts of ESG Strategies

Starting now, operators in the energy sector need to turn their carbon reduction commitments into solid plans of attack, according to top energy analysts.

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Another year closer to society-imposed carbon reduction targets means it is crunch time for oil and gas operators. To reach the 2030 and 2050 benchmarks set by the energy industry, operators need to understand that, “2020 [and] 2021 have been the years of commitments; 2022-plus will be about actions,” according to Rebecca Fitz, senior director of Center for Energy Impact with BCG.

Top analytic companies have been monitoring what has and hasn’t worked so far in the industry’s energy transition. Among the list of improvements, they recommended making efforts to turn promises into actions and taking care not to neglect the governance aspect of ESG.

For this exclusive analyst roundtable, Fitz was joined by Nick Volkmer, vice president of ESG with Enverus; Olga Savenkova, senior analyst with Rystad Energy; and Steve Estes, advisory partner with KPMG, to discuss the effectiveness of the energy industry’s ESG strategies.

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Madison Ratcliff

Madison Ratcliff is an associate editor for Hart Energy's editorial team.