How to Maneuver the ESG Standards and Ratings Quagmire

Featured in HART Energy, Weaver’s ESG Practice Leader, Greg Englert, highlights the differences in EGS reporting frameworks and notes the growth of these metrics in within the oil and gas industry.

• When the subject of ESG reporting comes up, you’re likely to encounter some head scratching or even downright confusion. ESG reporting has entered the mainstream over the past several years, but even companies that want to participate have questions. The evolution of ESG is at a point where multiple players are still competing to become the reporting standard. However, this may change over the next several years as key alliances begin to emerge. A long-awaited rationalization of the many ESG reporting standard setters began in 2021.
• For oil and gas companies and others in the energy business, being prepared and getting ahead of the curve will not only put them in a better position, it will help avoid future issues. If companies don’t proactively manage and disclose key information along with financials, they can face reputational, investment and other consequences. Another benefit is that transparency and accountability should drive improvements in brand and perception.

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