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MINERVA GAS
Understanding ESG: Αfter careful consideration and having examined various proposals, ABS has been select-
ed to advise Minerva Gas on this project.
what is it? As we continue working towards issuing this report, key personnel from various Minerva
Group departments have been designated to assist on this project.
Before we go any further, we would like to explain in a few words what an ESG report is
We are pleased to announce that and what it represents.
Minerva Gas has started working
on developing its inaugural ESG An ESG report is published by a company or organization to disclose its environmental,
report for the year 2022. social, and governance (ESG) impacts. It enables a company to be more transparent about
the targets it has set to achieve, the risks and opportunities it faces, and confirms that the
company has policies, initiatives, and strategies in place to manage the various ESG risks
and opportunities.
As the title itself suggests, the report focuses on three separate key elements/pillars:
Environmental (E) assesses how a company performs as a steward of the environment.
It analyses how its activities impact the environment and manage environmental risks.
It includes both direct operations and across the supply chain. For example, climate
change, energy and fuel consumption, GHG emissions & pollution management, and en-
vironmental compliance.
Social criteria (S) examine the strengths and weaknesses of how a company manages re-
lationships with employees, suppliers, customers, and the communities where it operates.
For example, these criteria can include; working conditions, health and safety, employee
relations, and diversity.
Governance (G) deals with a company’s leadership, business ethics, anti-corruption and
anti-bribery, audits, internal controls, and shareholder rights.
Investors and banks want to know if they can trust a company and what kind of decisions
are being implemented.
It should be noted that the company’s economic strategy plays a significant role in sus-
tainability reporting aspects and can be used to examine the company’s financial trans-
parency and planning – this can include economic resilience and responsible financing.
The company’s sustainability reporting process represents a comprehensive analysis of its
by Dimitrios Petridis strategy map, allowing gaps to be identified and opportunities to be captured and realized.
LNG Commercial Manager- GAS Commercial Finally, the report serves to satisfy stakeholders’ demands for transparency on corporate
Minerva Gas Inc. responsibility issues and is published on an annual basis.
30 MINERVA IN FOCUS – ISSUE 19 / Q1 2022
