Serica Energy plc has published its 2022 environment, social and governance report, entitled ‘A People-led Approach’.
COMPLIANCE
The company’s fourth such report looks at emissions reductions, waste disposal, safety, training, charitable donations, and board level responsibilities with code of conduct training and an ESG policy and strategy.
During 2022, Serica further increased its alignment to Task Force on Climate-Related Financial Disclosures (TCFD), before it becomes mandatory, and will also complete the Carbon Disclosure Project survey, which opens in May 2023.
The reports also reaffirms the company’s commitment to the UN Global Compact and its ten principles, the UN Sustainable Development Goals (UNSDGs), Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB).
EMPLOYMENT
Also included is the company’s employment figures which reveal that by the end of 2022, Serica had a total of 182 employees comprising 159 men and 23 women.
All the female staff in 2022 were based onshore, making up 32% of Serica’s onshore workforce.
A total of 30% have roles in Serica’s technical team and 70% in its business support unit.
The mean gender pay gap for pay within Serica in April 2022 was around 25% higher for men than for women.
The company has fewer women working at the most senior levels where pay and bonuses are higher, resulting in a gap between mean and median pay and bonuses for men and women.
Serica also has “many more men than women” working in offshore roles earning higher levels of pay.
The mean gender pay gap for 2022 rose to 25% (2021: 22%); median gender pay gap fell to 4% (2021: 18%); mean bonus gap more than double to 27% (2021: -18%); and the median bonus gap widened to -18% (2021: -10%).