ESG +

Environmental, Societal and Governance (ESG) assessment is evolving into a mainstream activity for organisations. It is part of a journey that began with concerns about the environment, followed by a greater focus on sustainable development and, more recently, the need for organisations to demonstrate ethical practices. Today these are captured under the banner of ESG, and specialist organisations provide ratings for investors and other stakeholders. There is a wide variation of ESG performance by companies in the energy sector, which is not surprising since high levels of detail, and evidence, is required for each ESG theme.

An evolution of the ESG framework to ESG+, which includes additional dimensions, is needed for a more holistic assessment of performance. This is particularly true of organisations in the nuclear sector which now participate in published ratings. Some score well in this area, but it is fair to say that these companies tend to focus more on benefits of their operations and less on the challenges for the sector. Looking forward, supply chain companies which service the needs of this sector will also need to be more engaged on ESG issues. We would be pleased to support your ESG+ approach.

It is important that organisations in the nuclear sector are at the forefront in this area because of the need for safe operation over the long lifecycle of this technology. In Opportuneo we have developed a methodology with five themes that better address ESG issues for this industry, and together these form an ESG+ assessment tool.