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Image: iStock Canada’s energy industry is making progress in integrating environmental, social and governance (ESG) factors into its corporate structures, management systems and operations, according to a new survey of industry executives and ESG professionals recently completed by the Daily Oil Bulletin. The survey, conducted in late 2020, shows the majority of energy companies are onboard with integrating ESG into their business, but challenges remain in moving from intentions to full integration. Almost 80 per cent of survey respondents reported their organization is very supportive or extremely supportive of advancing ESG initiatives internally. However, almost half said they are challenged integrating or aligning ESG with other company priorities. New course charts ESG fundamentals for oilfield services companies. Sign up for the February 18, 2021 course. “Given the current environment, this isn’t surprising,” says Bemal Mehta, senior vice-president, Energy Intelligence, JWN Energy. “The difficult business environment in 2020 pushed many companies into survival mode. The focus on managing COVID-19 has negatively impacted ESG aspirations.” There is a substantial disconnect between how executives view their organization’s success at aligning ESG with corporate strategy compared to those further down the management chain. Almost 60 per cent of executives said ESG principles were […]
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