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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
How ESG initiatives can avoid greenwash
28/6/2023
8 min read
Feature
Corporate environmental impact reporting and compliance is a vital issue on the road to net zero. New Energy World Features Editor Brian Davis invited Bureau Veritas and its ESG compliance partner Enhesa to discuss what approach is needed to avoid accusations of greenwash.
Delivering effective ESG (environmental, social and corporate governance) is paramount in today’s energy industry. But compliance and reporting transparency varies greatly, despite the increasing proliferation of glossy annual ESG reports.
Here, Alexandra Petrujinschi, Principal Consultant in the sustainability team at Bureau Veritas, and Gabriela Troncoso Alarćon, Senior Experts Services Manager at Enhesa, address some of the issues the energy industry faces.
‘The key issue when it comes to disclosing data is the need to be very honest and transparent,’ says Petrujinschi. She cites the importance of the Task Force on Climate-Related Financial Disclosures (TCFD) introduced by the Financial Stability Board in 2022, which covers the need to provide high quality information on the impacts of climate change, climate-related policy, and emerging technologies.