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Enhancing ESG disclosure in the oil and gas industry

Discover key insights, challenges, and trends in our analysis

New regulatory requirements are on the horizon for oil and gas companies. Do executives feel their organizations are prepared for the changes? What are the greatest challenges with respect to ESG data reporting? Gain insight into these questions by exploring key findings from our report on ESG disclosure assessment and preparedness.

Oil and gas leaders gear up for a shifting regulatory landscape

Executives at oil and gas companies are preparing extensively for regulatory changes and see benefits from enhancing their reporting, but challenges remain. Surveyed leaders report positive potential outcomes with enhanced ESG reporting, including enhanced trust with stakeholders (58%) and premium product pricing (58%).

Looking ahead, most executives at these companies (62%) say they are very likely to invest in new technology or tools in the next 12 months to enable timely data and high-quality disclosure, and another 36% are at least somewhat likely. This investment can help address the challenges executives are facing, including ESG data quality and review. The steps speak to how the oil and gas industry has prepared for new regulatory requirements, as 8% are already fully prepared and another 58% are taking extensive steps to prepare.

Looking for a deeper dive into the trends? Download the complete analysis.

ESG disclosure assessment and preparedness

Explore five key findings to help develop benchmarks for your company

By leveraging this data, your oil and gas organization can better strategize and plan for the new regulatory requirements.

The Deloitte ESG Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 300 Executives at publicly owned companies with a minimum annual revenue requirement of $500 million or more. Executives are defined as Senior Finance Accounting, Sustainability, and Legal Executives with a minimum seniority of director, or Chief Risk Officers, General Counsels, Chief Legal Officers or Chief Sustainability Officers, as well as oversample interviews to increase the total sample size to 100 in the Oil and Gas industry, conducted between August 30th and September 7th, 2022, using an email invitation and an online survey.

To read the complete methodology, download our full report.

Get ahead of regulatory changes by elevating your company’s ESG reporting

Thrive in the transition to clean energy. If you’d like to learn more about how your energy organization can enhance its ESG reporting to better prepare for new regulatory requirements, let’s set up a conversation.

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