Oil Producers Rapidly Expanding ESG Disclosures, Study Shows

The number of oil and gas companies disclosing ESG strategies in their proxy statements has significantly increased in the last three months.

ESG

Reducing greenhouse-gas emissions remains one of the most important topics in ESG as oil and gas companies focus on sustainable production. (Source: Shutterstock)

As stakeholders, investors and regulators continue demanding ESG disclosures, oil and gas producers are rapidly adopting ESG policies and disclosing more information than ever regarding ESG goals and achievements, according to a new report.

Dallas-based law firm Haynes and Boone and consulting firm EnerCom analyzed financing filings from 30 publicly traded U.S. oil and gas producers and found that 83% companies have implemented ESG policies such as disclosing greenhouse gas (GHG) emissions and reporting annual reductions in emissions.

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Faiza Rizvi

Faiza Rizvi is a senior editor of 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.