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ESG Certification Program Discusses Stakeholder Engagement, Materiality in Latest Session

Energy Workforce & Technology Council held the second session of its 2023 ESG Certification Program last week, marking the program’s halfway point. The program is in partnership with ClimeCo and Pickering Energy Partners and supported by Accenture.

The focus of the second seminar was understanding materiality and how to start stakeholder engagement. For oilfield service companies, conducting a materiality assessment as part of their ESG and sustainability journey is particularly important due to the unique environmental and social considerations associated with the industry.

In the session, Amanda Hsieh, Senior VP, Strategic Development, ClimeCo, introduced important concepts to the cohort as they began the conversation around the “E” dimension. Hsieh opened with a review of greenhouse gases and the basic steps companies should be looking at as they assess reducing their Scopes 1, 2 and 3 emissions. She closed with some of the trends ClimeCo is seeing, including increased supply chain decarbonization, automation and digitalization of ESG data, and the consolidation of sustainability reporting frameworks.

The second 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, 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 cohort’s next opportunity to discuss learnings and ESG best practices will be during the upcoming quarterly best practice sharing sessions. During the first best practice sharing session, participants discussed ESG governance and how their respective companies organize their sustainability efforts.

For more information about the ESG Certification Program and other workforce development programs, contact Vice President Programs & Events Peggy Helfert.

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.


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