Neptune Energy said it has been awarded gold medal status from environment, social and governance (ESG) ratings organisation, EcoVadis.
RANKING
The oil and gas exploration and development company added it had been placed in the top 5% of all 95,000 global companies assessed by the organisation.
Areas assessed include companies’ policies, environment, labour and human rights, ethics and sustainable procurement.
REPORTING
Neptune said that EcoVadis had highlighted the company’s disclosure of emissions data and quantitative targets.
These include Neptune’s aims to store more carbon than is emitted from its operations and the use of its sold products by 2030.
EcoVadis also singled out Neptune’s strong environmental management practices and comprehensive labour and human rights policies and procedures.
The organisation attributed the increase in ratings because of the publication of additional sustainability reporting.
It also noted the improvement Neptune made in sustainable procurement.