Neptune Energy has received its highest environmental, social, and governance (ESG) rating from Sustainalytics, placing the company in the top 3% of all oil and gas companies rated by the organisation globally.

Sustainalytics has given Neptune Energy a rating of 21.4 for its exceptional disclosure and performance across several domains, including greenhouse gas risk management, equality, diversity, and inclusion, and community involvement.

According to Sustainalytics' latest ESG rating report, Neptune's ESG reporting adheres to best practice standards and has an executive-level ESG committee responsible for ESG issues.

Management integrates climate transition risks into broader business processes, and the company's greenhouse gas (GHG) reduction management programme integrates initiatives to reduce emissions as well as key mitigation technologies.

Neptune's Head of ESG, Kate Niblock, believes that this upgrade in the ESG rating from Sustainalytics demonstrates the company's dedication to its ESG strategy.

Sustainalytics' ESG Risk Rating evaluates a company's economic value concerning a range of ESG factors. Neptune's rating also acknowledges the company's compliance with global organisations and international standards, such as the Task Force on Climate-related Financial Disclosures, the UN Global Compact, and the Extractive Industries Transparency Initiative.

Neptune plans to focus on delivering its human rights programme and working with partners and suppliers on emissions reduction as it advances its ESG roadmap to 2025.

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Source: Neptune Energy