Assessing oil and gas industry decarbonization plans

Description

The need to rapidly decarbonize the economies to stabilize the global temperature rise and the negative effects of climate change implies massive challenges for the oil and gas companies, whose operations represent approximately 15% of the Greenhouse Gas Emissions (GHG) related to energy, according to the International Energy Agency (IEA).

Decarbonization is a top priority of the oil and gas sector companies, which are implementing diverse actions and plans in that direction.

In this event, the World Benchmarking Alliance (WBA) will present their report “Climate and Energy Benchmark of the Oil and Gas Sector 2023,” which assesses the low-carbon transition plans of the 100 most influential oil and gas companies, and it is an international reference on this topic.

The event is an excellent opportunity for peer discussion and learning about how to design, promote, implement, and communicate effective just transition plans, identifying gaps and improvement opportunities.

Objectives

Present the report “Climate and Energy Benchmark of the Oil and Gas Sector 2023” elaborated by the World Benchmarking Alliance (WBA) which assesses the low-carbon transition plans of the 100 most influential oil and gas companies.
Discuss how the oil and gas companies in Latin America and the Caribbean are advancing in their low-carbon transition.
Analyze how to promote, implement, and communicate more robust, feasible and just low-carbon transition plans, based on this framework.

Laura Hurtado Verazaín is an environmental engineer, with a masters degree in environmental science, policy and management from the University of Manchester and Central European University in Budapest. She worked in the oil and gas industry for projects such as the construction of the first petrochemical plant in Bolivia (the Ammonia & Urea plant) and gas compression stations for the biggest gas field in the country.

Currently, her work has focused on the decarbonization of the energy sector, assessing the progress of the corporate sector’s transition to a low-carbon economy with the Climate and Energy Benchmark from the World Benchmarking Alliance.

Vicky Sins is responsible for leading the decarbonisation of the economy and the energy transition including a Just transition for the World Benchmarking Alliance (WBA). She believes in private sector contribution, responsibility and accountability by demonstrating how companies in high carbon-emitting industries are contributing to reaching the goals of the Paris Agreement and SDG 13, with the aim to enable the required just transition to a low carbon economy. Furthermore she also is responsible for the delivery of the first Nature & Biodiversity benchmark, exploring what corporate accountability for a nature positive future means for the most influential companies across different sectors.

Vicky joined on May 1st 2019 after spending the past 14.5 years working for ABN AMRO Bank and the last 7 years with ABN AMRO Clearing Bank in charge of Energy & Commodity clients. Besides this she was heading up the Corporate Social Responsibility strategy for ABN AMRO Clearing forcing industry dialogue to increase transparency to support safe and orderly capital markets. She was part of the Investor Working Group of the UN Sustainable Stock Exchange Initiative and instrumental in setting up partnerships between ABN AMRO Clearing and Frontclear (a developing country capital market infrastructure builder). She has a Master degree in Financial Management and is an alumni to the Prince of Wales’ Cambridge Institute for Sustainable Leadership.

Next to her role at WBA she also sits on the advisory board of Everimpact, a platform to measure CO2 emissions. Vicky also serves on the Global Task force of the Institute for Managed accountants advising on sustainability related challenges.

Webinar

Assessing Oil and Gas industry decarbonization plans

How are the most influential O&G companies advancing?

Friday, November 10, 2023

11 AM to 12 PM (Uruguay time, GMT -3)