On 20 November 2020 15:00 (CET), the Carbon Tracker Initiative and Principles of Responsible Investment (PRI) are hosting a webinar on 'Beyond ESG: How transition risks impact oil and gas companies' as part of London Climate Action Week.
Far from simply an “ESG” issue (environmental, social and governance), for fossil fuel producers the energy transition represents an existential concern that goes right to the heart of strategy. It therefore requires an integrated approach that touches on different aspects of the business.
Oil and gas companies’ emissions ambitions, scale of capex at risk and internal oil price assumptions for impairment tests are all highly correlated. Companies are increasingly either approaching climate issues holistically or getting left behind on all three. These aspects may be seen as proxies for each other – setting conservative price assumptions or stronger emissions targets appears to link to portfolio management that is more resilient in the transition.
In this webinar, Carbon Tracker will present their latest oil and gas company level analysis Fault Lines. This will be followed by a panel discussion, which will see financial and industry experts explore the investor perspective, policy responses and financial disclosure practises of the oil and gas industry.
Speakers include: