sustain:able to Provide Assistance to Hartshead Resources to Meet ESG Requirements

Published on: 12 April 2022 09:45 AM
by KnowESG

sustain:able, an oil and gas company based in the UK, gets hired by Hartshead Resources to meet the latter's environmental, social and governance (ESG) targets, including emission reduction initiatives and reporting frameworks.

Hartshead is committed to achieving energy transition and meeting environmental and social goals. Along with these responsibilities, the firm complies with the latest ASX guidance and reporting standards on corporate governance to bolster its ESG strategy.

HHR CEO Chris Lewis said: "We are very pleased to be working with sustain:able on our ESG strategy and reporting requirements that are a critical component of our field development plans within the UK Government’s 2050 net-zero strategy."

The firm is on a mission to build a financially, technically and environmentally oriented European energy business and make investments in projects that deliver the resources required to meet Europe's increasing energy demand while supporting the transition to a carbon-free future. 

sustain:able will assist Hartshead in developing ESG strategies in the following areas:

  • Audit Hartsheds current activities, including an assessment based on the GRI Standards

  • Choose an ESG framework in line with UN Sustainable Development Goals

  • Develop a complete ESG strategy

  • Build an ESG-oriented company culture

sustain:able will also work with Hartshead to deal with scope 1 and 2 emissions impact assessment. 

Hartshead's compliance with the Institutional Investors Group on Climate Change (IIGCC) net-zero standards for oil and gas will help the firm set its net-zero roadmap and meet the requirements of institutional capital.

“Hartshead will be interfacing with several stakeholders on its journey to first gas, and our ESG strategy will be key to attracting capital to our phase one project,” Lewis added.