“Through benchmarking our business against TCFD and SASB standards, and in consultation with our stakeholders, we identified and prioritized our ESG framework,” said Judy Cotte, Director and Chair of the Sustainability and ESG Board Committee. “Within the traditional pillars of ESG, Gibson has identified GHG emissions, diversity and inclusion, health and safety and community impact as our most immediate focus areas. In each of these areas, we have set aspirations with interim milestones to ensure accountability to these targets and build upon our leadership position.”
“While we, along with the rest of the Canadian energy industry, are already operating within one of the most robust ESG regulatory frameworks in the world, taking this decisive action through the setting of targets, including interim milestones to achieve those targets, will help accelerate our efforts within each of these purpose-driven areas of focus,” said Sean Wilson, Gibson’s Senior Vice Presiden
Gibson Energy Recognized as Sustainability Leader and Announces Establishment of Expanded Sustainability and ESG Targets
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Industry Voice: Secure income assets: lifting the lid on ESG integration
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Investor engagement on climate change has been gaining unprecedented momentum.
A combination of extreme weather disasters, weakening revenues and asset write-downs at oil and gas companies, accelerating clean energy deployment and a new administration with ambitious plans for reducing greenhouse gas emissions is driving this increased investor engagement on climate change. As a result, more companies are disclosing climate-related material risks and sharing information about their transition plans to become net-zero businesses.
Investors are engaging with companies as never before by pairing behind-the-scenes stakeholder dialogue with the one-two punch of filing and supporting public shareholder proposals. All with the goal of encouraging companies to disclose risks and align their business strategies with a net-zero emissions future, in line with keeping global temperature rise to no more than 1.5 degrees.
Installing solar panels in Oregon, United States. Research shows that investing in the clean economy can create jobs while fostering greater equality. Photo by Oregon Department of Transportation/Wikimedia Commons
December 12, 2020 marked the fifth anniversary of the Paris Climate Agreement. A Climate Ambition Summit hosted by the UK, France and the UN celebrated the event. Heads of government from around 70 countries made commitments, together with CEOs, mayors and civil society leaders.
Many of us are reflecting on a critical question: Five years on, is the Paris deal working?
First, the deal itself must be understood. It was a bold, unusual and counterintuitive experiment in global collective action among its 194 signatories. Contrary to any textbook advice, it was built around