Concurrent 8. Oral Presentation for: The 12 Pillars model of ESG: bringing practical clarity to ESG across the Australian gas industry
Jen Thompson A * and Jonathon Peacock B *A Australian Gas Industry Trust, Canberra, ACT, Australia.
B KPMG, Brisbane, Qld, Australia.
The APPEA Journal 63 - https://doi.org/10.1071/AJ22325
Published: 2 June 2023
Abstract
Presented on Tuesday 16 May: Session 8
The rise of Environmental, Social and Governance (ESG) standards and the immense global challenges it brings are shaping the way we do business now and into the future. The elements of ESG are broad, dynamic and not always easily understood. There is no set definition of ESG nor a one-size-fits-all approach. This has resulted in piecemeal, fragmented and reactive initiatives implemented across strategy development, implementation, reporting and compliance. The lack of clearly defined, unified ESG approaches across the supply chain can often complicate investment, procurement, as well as government, shareholder and community relations. It is well known within the Australian gas industry that proactively and pragmatically addressing ESG concerns is pivotal to our position in the future energy mix, and a strategic focussed approach is required. This paper attempts to ‘cut through the noise’ and provide clarity around the ESG expectations being placed on the industry. We put forward a simple 12 Pillars model which can be used by all parts of the gas supply chain to improve the application of ESG principles to business operations. We delve into how each of these factors can be addressed across business operations using the 12 Pillars model. We consider the current opportunities under each pillar to aid a strategic and consistent approach by the industry, whilst being broad enough to be fluid as the industry faces future ESG challenges. This model could also underpin a standardised ESG mechanism for the industry, something that offers real benefits when it comes to monitoring and reporting.
To access the Oral Presentation click the link on the right. To read the full paper click here
Keywords: defining ESG, ESG, ESG and the Australian gas industry, ESG framework, ESG model, implementing ESG, measuring ESG, reporting on ESG.
Dr Jen Thompson, The Australian Gas Industry Trust. Jen is the CEO of the Australian Gas Industry Trust. She has a PhD in Business and a Masters degree in Educational Studies. She has a strong background in academia and government with more than 20 years’ experience working across research and strategy teams in mining and infrastructure. She represented Queensland on an array of COAG Energy Council committees including the Energy R&D Working Party and the Critical Minerals Taskforce. She now works closely with the International Gas Union representing Australia at several forums including the G20 Energy Group and the IGU R&D Innovation Committee. Her objective is to deliver education and research activities that are of value to the gas industry. She is a member of the AICD and the AIE. https://www.linkedin.com/in/jen-thompson-6b9b3221/. |
Jonathon Peacock is currently KPMG’s Global Oil and Gas Sector Leader, based in Brisbane. Jonathon previously held the roles of ASPAC ENR Leader and Australian Oil and Gas Sector Leader. In these roles he worked with senior executives and their teams at many of the national and international oil and gas companies, based on the region. This work has focussed on strategy and business transformation, operational improvement, JV management, and more recently a focus on ESG. Jonathon has been focussed on helping our clients to address the evolving global energy environment, its challenges and the solutions needed to position them for success. Jonathon brings over 20 years of strategy and operational consulting experience from work across 14 industry sectors in over 300 client projects. This combined with his 20 years of corporate and defence experience make him a very practical and results-oriented leader with an acute understanding of how to design and execute change. He has presented this work and broader industry related thought leadership at a variety of industry forums and conferences in Asia and the US. He holds a Master of Business Administration from the Australian Graduate School of Management and a Diploma of Applied Science, majoring in Oceanography. Jonathon was previously a Mine Warfare and Clearance Diving Officer in the Royal Australian Navy, where he was involved in diving and rendering safe explosive ordnance as well as seeing active service in East Timor in 1999. |
