During an engaging best practice sharing session, Energy Workforce ESG Certification Program cohort participants and ESG Committee members came together to explore the key components that underpin business and sustainability priorities. The program is currently at its midway point, and participants are focused on evaluating external sustainability reports and developing internal materiality assessments.
ESG Committee members facilitating discussions and sharing critical insights included Chair Marie Caekebeke, Baker Hughes, and Tom Mortiz, H&P. The cohort has representation 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.
At the heart of this session, participants recognized the paramount importance of determining the value proposition of sustainability. It became evident that sustainability initiatives hold immense potential to drive positive impacts across multiple dimensions. The main takeaways emphasized six critical areas where sustainability can fuel business success:
- Reducing costs with sustainable practices offering opportunities for enhanced operational efficiency, waste reduction and resource optimization
- Attracting and retaining top talent was acknowledged as a significant benefit, as employees increasingly seek purpose-driven organizations that align with their values
- Catalyst for increasing sales by appealing to environmentally conscious consumers who prioritize ethical and sustainable products and services
- Potential for sustainability to unlock access to funds, including impact investment and sustainable financing
- Mitigating risks through robust environmental and social governance practices was recognized as a crucial aspect of long-term business resilience
- Improving reputations emerged as a compelling takeaway, as stakeholders increasingly value organizations committed to sustainable practices, thereby enhancing brand perception and trust
If you are interested in learning more about Energy Workforce’s extensive leadership development programs, contact Vice President Programs & Events Peggy Helfert. For companies looking to engage further on sustainability and the ESG Committee, contact Senior Director Energy Policy Maria Suarez-Simmons.
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.