ESG is the Environmental, Social and Governance factors by which an organization can be evaluated with respect to a broad range of non-financial objectives. Investors use these factors to measure and evaluate a company’s sustainability impact and commitment to social objectives.
ESG factors can impact a company’s strategy, business model, risk management, and financial and operational performance. Effective management of these factors produce a range of benefits:
While there are some standard ESG factors that impact all industries, many industries are evaluated based on their own unique ESG factors.
To provide more value to our members and support them on their ESG journey, Enserva has launched an ESG playbook. This playbook is intended to help our members navigate the legal, regulatory and social norms that are rapidly changing in the energy services, supply and manufacturing sector.
Enserva members can access the ESG playbook in the member portal.
What does ESG mean for you?
Environmental factors relate to how a company performs as a steward of the natural environment. They measure whether companies comply with environmental guidelines, how efficiently they use energy and resources, the effects that the production of goods have on the environment and an organization’s commitment to reducing carbon emissions.
Examples of environmental factors include:
Social factors are how a company manages its relationship with internal and external stakeholders – employees, customers, suppliers and local communities.
It includes an organization’s policies and positions on factors including:
Governance highlights corporate management, including long-term and sustainable corporate development. It examines how rights and responsibilities are distributed among the various stakeholders in companies – including the board, managers, shareholders and other stakeholders.
Examples of governance factors include:
Energy Services, Supply and Manufacturing, and ESG
Enserva’s ESG Council is dedicated to providing our members with a forum for the discussion of ESG data, metrics, measures and benchmarks affecting capital investment and debt markets for the energy service, supply and manufacturing sector and the energy industry as a whole.
The innovation and technology developed by Canadian energy service, supply and manufacturing companies has been a key factor in the safe and responsible development of energy in Canada and globally.
Email [email protected] for details on our ESG activities. If you are an Enserva member, you may access additional ESG information, like our recently launched ESG Playbook in the Members’ Only area.