Close this search box.
Energy Workforce & Technology Council 90th Anniversary
Close this search box.

Energy Sustainability Reporting Program Second Session

New Energy Sustainability Reporting Program Looks at Reporting Landscape

The brand new “Energy Sustainability Reporting Program” held its second session this week focused on pragmatically outlining the reporting landscape for the energy industry and energy services sector. Led by Dan Romito, Picking Energy Partners, the half-day session delved into the various reporting frameworks and steps companies should take in the current environment.

Evolving Reporting Landscape & Preparation

Romito reviewed where the SEC Climate Disclosure Rule currently stands and warned against companies dismissing compliance because of its current legal procedures. There are long-term ripple effects of the rule that political changes are unlikely to reverse, therefore, the regulatory landscape continues changing and increasing pressure on the fossil fuel industry.

On data assurance, Romito outlined two essential steps for companies:

1 – establishing a data baseline and tracking progress

2 – reconciling data in a way that regulators, particularly the SEC, are expecting

Despite the myriad of reporting frameworks and rating agencies, Romito suggested companies get started with the SASB, TCFD, and CDP frameworks, in that order as confidence in data increases over time. Romito also outlined how ESG scores work and their impact on corporate boards and commercial relationships.

Change Management

Romito and the cohort discussed the challenges and strategies associated with change management and securing buy-in from leadership. They highlighted the need for realistic expectations around budgeting and hiring within companies as teams embark on their sustainability journey. Romito stressed that getting buy-in early from company stakeholders by emphasizing the data and external demands for reporting is a key element for success in this area.

Upcoming Deep Dive Program

The program, spanning a year, offers a variety of engaging sessions aimed at providing participants with a comprehensive understanding of sustainability.

For those interested, there is still an opportunity to register for another track of the Energy Sustainability Reporting program, the deep dive sessions. These two in-person sessions also include one company coaching session.

Deep Dive seminars:

  • October 15, 2024: 8:30 – 11:30 a.m.
  • November 19, 2024: 8:30 – 11:30 a.m.

If you are interested in learning more about the program and its curriculum, please reach out to 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.


Stay Connected

Sign up for the Energy Workforce newsletter to stay on top of the latest energy news and events.