How ESG is Changing the Narrative for Offshore Oil and Gas

Aishwarya Iyer, ESG Manager of RightShip recently spoke to Hart Energy about how reporting ESG credentials will support long-term value creation in the offshore energy sector.

How-ESG-is-Changing-the-Narrative-of-Offshore-Oil-Gas

Transparent ESG reporting will provide the offshore energy sector a much-needed upliftment in reputation as the need to combat climate change and conserve marine ecosystems intensifies. (Source: Shutterstock.com)

Despite a rebound in oil and gas prices, the upstream sector has started 2022 facing peak uncertainty, according to analysts.

In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.

Here is where the role of ESG comes into play.

Transparent ESG reporting will help heavy carbon-emitting sectors like offshore energy achieve their climate goals and gain improved access to financing, according to Aishwarya Iyer, ESG Manager at RightShip, the world’s biggest third party maritime due diligence organization, ensuring safe, sustainable and socially responsible practices.

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Faiza Rizvi

Faiza Rizvi is a senior associate editor of Business & ESG for Hart Energy's editorial department, with a strong focus on E&P Plus and HartEnergy.com. She has been covering all facets of the U.S. and international energy industry for over 5 years.