The Energy Workforce ESG Certification Program held the final session of its 2024 program last week, culminating the year-long curriculum of knowledge and tools to build and sustain an ESG program. In this concluding session, participants engaged in discussions on finalizing their thoughts regarding ESG reports, emphasizing the ongoing need to adapt to emerging trends and stakeholder expectations. The program is in partnership with ClimeCo and Pickering Energy Partners and is supported by Accenture.
The guest speaker for the final session was Amanda Hsieh, Senior VP of Strategic Development at ClimeCo. Hsieh shared insights into the recently enacted California bills known as the “Climate Accountability Package.” These bills aim to augment greenhouse gas data disclosures and climate-related financial risk disclosures for both private and public companies operating in the state. Acknowledging the significance of these legislative changes, Hsieh highlighted lingering questions that the state must address to determine company eligibility.
Of particular concern is the mandatory reporting of Scope 3 emissions, extending beyond the potential SEC Climate Disclosure Rule. Many anticipate that other states may adopt similar measures, heightening the urgency for companies to proactively address these reporting requirements. Hsieh advised against waiting until 2025, urging companies to organize their data in advance and identify any reporting gaps. In her closing remarks, Hsieh provided the cohort with practical tools for navigating double materiality and understanding how to manage disclosures without compromising the intersection of impact and financial materiality.
The final seminar included participants from more than 15 companies, including Brigade Energy Services, CDI Energy Products, Cooper Machinery Services, Gulf Interstate Engineering, Helmerich & Payne, HMH, Integrated Well Services, Kimray, Inc., Milestone Environmental Services, Moncla Workover & Drilling, Mustang Cat, Natural Gas Services Group, Oil States International, Patterson-UTI, ProFrac Services, ProPetro Services, Ranger Energy Services, Smart Sand and Trillium Flow Technologies.
The program will wrap up with a concluding session dedicated to sharing best practices in ESG in January, culminating in a graduation. The ceremony will feature speakers who will discuss anticipated ESG trends for 2024 and provide insights on how participants should prepare for the upcoming year.
Maria Suarez-Simmons, Senior Director Energy Policy, writes about industry-specific policies for the Energy Workforce & Technology Council. Click here to subscribe to the Energy Workforce newsletter, which highlights sector-specific issues, best practices, activities and more.