Attitudes toward ESG metrics have been shifting for some time.As ESG becomes more of a priority for the oil and gas industry,the way these metrics are reported has also evolved.Pressure from different kinds of stakeholders has played into how E&P companies report on ESG,and it also depends on the nature of the company in question.Generally speaking,though,it is the environmental aspect that has been the main focus by far."The'E'takes most of the oxygen in the ESG conversation,partially because it is easier to agree on how to measure.The'S'and'G'tend to be more subjective,"Nick Volkmer,Enverus'director of product,ESG,told Hart Energy.This has translated into companies beginning to set various targets,including reaching net-zero greenhouse-gas(GHG)emissions over the long term in some cases,to report their ESG achievements.Progress has been mixed to date,and efforts to develop a more unified approach are now underway,with various standards emerging and gaining popularity in recent years.
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