EcoVadis assesses companies’ policies, actions and performance disclosures in the areas of environment, labour and human rights, ethics and sustainable procurement.
In its report, EcoVadis highlighted Neptune’s disclosure of emissions data and quantitative targets, strong environmental management practices and comprehensive ethics policies and procedures.
The report stated: “The company has implemented new solutions or concrete actions on environmental issues … these innovative practices are advanced and pioneering for the sector, and demonstrate a clear best-practice approach beyond regulatory compliance.”
It also noted the significant improvement Neptune made in sustainable procurement, recognising the company’s new supply chain policy which incorporates both social and environmental considerations, and assessment of suppliers in areas including human rights.
EcoVadis’ upgrade follows an upgrade by Sustainalytics in March this year, which put Neptune in the top 3% of all exploration and production companies rated by the organisation.
Read the latest issue of Oilfield Technology in full for free: Issue 2 2021
Oilfield Technology’s second issue of 2021 starts with a report from KPMG that examines the outlook for the Scottish oil and gas sector. The rest of the issue is dedicated to articles covering the offshore supply chain industry, offshore asset integrity, expandable liner technology, advances in drilling, data security, flow control, EOR and methane emissions.
Exclusive contributions come from Tata Steel, EM&I Group, 3X Engineering, Enventure Global Technology, Varel Energy Solutions, Adrilltech, Tendeka and more.
Read the article online at: https://www.oilfieldtechnology.com/hse/06082021/neptune-energy-recognised-by-ecovadis-for-esg-performance/