'ESG now impacts all access to capital,'energy consultant says

摘要

ESG has transcended being a checked box for oil and gas companies.Now investors are looking for improved disclosure of ESG-related iBues supported by quantitative data to garner capital,according to Daniel Romito,director of ESG strategy and integration at Pickering Energy Partners."ESG now impacts all access to capital...your insurance,your banking and your equity,is all heavily influenced,"Romito said at the Independent Petroleum ABociation of America's Private Capital Conference on Jan.20."Now,it's not the end all be all,but it is heavily influenced by your ESG profile."Investors are not only basing their capital allocation decisions on how well executives implement ESG practices into their busineB,he told conference attendees.They are pushing for qualitative and quantitative ESG metrics to better examine which companies can compete within the transition.