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
Policy implementation support
Technical support on ESG projects
In reviewing the client’s draft policy, strategy, and implementation plan, we focused on identifying gaps and recommending ways 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 incorporating ESG into the asset-screening, due-diligence, active-ownership, and deal-exit stages of transactions. We also provided recommendations on overall policy structure and incorporation of best practices.
Our ongoing consulting support includes process design and policy implementation; training; development of workflows; due diligence; support for materiality assessments and stakeholder engagement; review of metrics and targets; and mapping and improving data collection, evaluation, and disclosure processes.
In addition, we 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.