Yesterday, I blogged about the Sustainability Accounting Standards Board’s provisional Sustainability Accounting Standards for Non-Renewable Resources, and its standards for oil and gas production.
SASB has also issued similar standards for the Oil and Gas Midstream Industry – the companies that gather, transport, store, and process and ship natural gas and natural gas liquids.
SASB’s research brief on the Oil & Gas Midstream industry highlights cites these familiar sustainability issues as competitive drivers within the industry:
- Reducing direct greenhouse gas (GHG) emissions and harmful air pollutants;
- Mitigating ecological impacts of network construction and operations; and
- Ensuring operational safety, maintaining a culture of safety among workers, and taking adequate actions to prevent and address emergencies. (Google “pipeline explosion.”)
Sustainability is a business imperative that smart companies will embrace - and profit from.