ESG in the Oil & Gas Industry
A Perficient Strategic Position
Energizing Oil & Gas ESG With Advanced Technology
What is ESG Tracking and Reporting in Oil & Gas?
ESG tracking and reporting without the assistance of digital solutions like equipment sensors, data management, automated workflows, and budget planning is complex. Inaccurate and improper data collection and management is the foundation of the issue, and difficulties with reporting only compounds it. In addition, governance is always evolving, making it hard to stay updated and compliant.
Energy companies not improving their sustainability initiatives stand to lose 31% of their total value if policymakers limit global warming to 1.5˚C by midcentury.*
Advanced ESG capabilities can streamline, simplify, and accelerate tracking and reporting while improving the accuracy of the data. With these new and improved capabilities, companies can stay more in tune with their social and environmental efforts, improve their reputation, and quickly change course when issues arise.
ESG tracking and reporting will never be a one-off solution. Rather than a one-and-done technology solution that’s bound to become outdated as soon as it’s updated, quality ESG capabilities offer constant diligence and enable agile transformation.*MSCI ESG Research