As interest in sustainability grows, investors are paying greater attention to ESG issues across sectors, especially in the energy industry. They have called for increased disclosure of ESG performance metrics, alongside financial reports. Oil and gas producers are scrambling to compile that information. But investors and producers aren’t the only interested parties. Land owners, regulators, insurers and others need ESG data to make decisions regarding their properties and portfolios.
“Access to energy security equates to economic well-being, and oil and gas will be in the global energy mix for the long term. At the same time, the industry must decarbonize and eliminate fugitive emissions. We need transparency of data about performance,” said Gani Sagingaliyev, co-founder of data and analytics firm ESG Dynamics.
Launched in March 2021, the ESG Dynamics tools initially focused on environmental data material to the oil and gas business including emissions, flaring, inactive wells and more. The platform is growing quickly to incorporate social and governance metrics too.