The oil and gas industry is at a pivotal moment. With global attention on climate change, social responsibility, and governance practices, companies in this sector face growing pressure to evolve. But how can oil and gas companies navigate these challenges while ensuring long-term success? The answer lies in sustainability metrics.
The oil and gas industry faces growing pressure over its environmental and social impact, making it essential for companies to adopt sustainable practices. For sustainability managers operating in the UK, EU, and Middle Eastern markets, integrating sustainability metrics into financial reporting is a strategic way to meet regulatory requirements, satisfy investors, and enhance long-term profitability. In this blog we outline…
Sustainability-focused direct lending startup Colesco Capital announced that it has raised over €800 million (USD$839 million) at its first platform close, with proceeds aimed at investing in companies providing solutions to environmental and societal challenges. Founded in the Netherlands in 2023, Colesco provides senior secured debt and subordinated debt to European mid-market companies seeking to achieve sustainable growth ambitions. The…
Utility-scale energy storage project developer esVolta, announced that it has secured equity investment for three projects in Texas. The funds, along with proceeds of the sale of investment tax credits, is expected to provide a total of $243 million in financing for the projects. California-based esVolta was established in 2017. The company currently has a portfolio of operational and in-construction…
Achieving decarbonisation in the oil and gas sector is a complex but urgent challenge. With increasing regulatory pressures, stakeholder demands, and global climate goals, sustainability managers need actionable insights to identify and address emissions hotspots. That’s where Rio AI comes in.
As the global focus on decarbonisation intensifies, the oil and gas sector faces mounting pressure to reduce its greenhouse gas (GHG) emissions. Sustainability accounting offers a practical approach to identifying and addressing the carbon-intensive aspects of your operations. By systematically measuring and reporting environmental data, it’s possible to uncover the specific areas or “carbon hotspots” that contribute most significantly to…