Barr is helping a confidential oil and gas investment firm incorporate ESG factors into its investment decisions and corporate policies. Our work consists of three elements:
Strategic support and review of the client’s ESG policy, strategy, and implementation plan
ESG policy implementation support
ESG projects technical support
Barr reviewed the client’s draft ESG Policy, Strategy, and Implementation Plan. Our review focused on identifying gaps and recommending how to fill them based on ESG best practices, requirements in international ESG frameworks and standards, and benchmarking with peer companies.
We identified several gaps, for which we developed a set of recommendations, including ESG incorporation during the asset screening, due diligence, active ownership, and deal-exit stages. We also provided recommendations on overall ESG policy structure and incorporation of best practices.
Ongoing ESG consulting support includes process design and policy implementation, ESG training, development of ESG workflows, ESG due diligence, support for materiality assessments and stakeholder engagement, review of ESG metrics and targets, and mapping and improving ESG data collection, evaluation, and disclosure processes.
We also provide environmental, engineering, or technological support as the client and/or its partners seek to reduce their environmental footprint, evaluate potential investments, or make improvements in other ESG areas.